Business Developments & Projects
Neste and partners conclude research project for accelerated commercial-scale production of synthetic e-fuels
Neste and partners have concluded a three-year e-fuel research project demonstrating high-temperature electrolysis (SOEC), carbon capture, and hydrocarbon synthesis technologies and covering all parties in the value chain from carbon capture to green hydrogen and fuel production, logistics, and user
Shell sanctions North Sea tie-back to TotalEnergies’ UK gas hub
Shell has taken a final investment decision (FID) to develop a gas field in the UK sector of the North Sea.
Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal
Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally
UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future
A geophysical survey is currently underway at a new proposed HVDC interconnector in the UK that will reinforce the electricity network between Suffolk and Kent, contributing to the UK’s 2050 net-zero goal. The 2 GW Sea Link, developed by National Grid Electricity Transmission (NGET), will be approxi
Fratelli Cosulich pens charter deal for its second LNG bunkering vessel
Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy major Petronas, have signed a two-year charter agreement for Paolina Cosulich, Fratelli’s latest LNG bunker barge. Operating under PTLCL, the bunker barge will cater to the increas
MSC Euribia becomes first cruise ship fueled with LNG at Spanish Cadiz port
MSC Euribia, MSC Cruises’ second LNG-powered cruise ship, has been fueled with LNG during its inaugural port to Cadiz port in Spain. In what has been described as another milestone for MSC Euribia, the vessel became the first cruise ship to be fueled with LNG at this Spanish port. LNG was provided b
Fortescue awards FEED contract for green ammonia plant in Norway
Australia-based green energy, technology and metals company Fortescue has allocated Tecnimont, a business unit of Italy’s Maire, a front-end engineering design (FEED) work for the green ammonia plant in the Nordgulen fjord in Norway. The scope of work entails the design of electrolyzer integration,
Van Oord secures contract to build FSRU jetty at Wilhelmshaven in Germany
FSRU Wilhelmshaven, a joint venture between Engie and Tree Energy Solution (TES), has contracted Dutch company Van Oord to construct a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven in Germany. As part of the contract, Van Oord will be responsible for the procurement and cons
Fairplay Towage to provide assisting tugs for German LNG terminals
German tugboat operator Fairplay Towage Group has been nominated towage provider for the floating LNG terminals in Brunsbüttel, Stade and Wilhelmshaven by Deutsche Energy Terminal (DET), which, on behalf of the German Federal Ministry for Economics Affairs and Climate Action, operates LNG terminals
Following ‘highly competitive’ search, interim CEO becomes BP’s new boss
BP has decided to move its interim Chief Executive Officer (CEO) to the CEO role, after undertaking a quest to find someone to fill this position.
Operations begin at new marine fuel terminal in Frederikshavn port
Marine fuels supplier Stena Oil has commenced operations at the new fuel terminal at the Port of Frederikshavn in Denmark where a newly built bunkering vessel that handles various types of fuels, including biofuels and methanol, will be deployed. To mark taking possession of the terminal, Stena Oil’
Spanish logistics company secures 50% stake in ammonia terminal in US
Spanish logistics company for liquid products Exolum has completed the acquisition of a 50% interest in Vopak Moda Houston (VMH), an ammonia storage, import and export terminal located on the Houston Ship Channel, from U.S. Moda Midstream. The operation took place after obtaining approval from the c
Norway presents 24 players with 62 oil & gas licenses amid ‘great interest’
Norway’s Ministry of Petroleum and Energy has offered 62 production licenses to 24 companies for further exploration activity on the NCS.
World’s largest modern cargo sailboat christened in France
French company Grain de Sail has celebrated the christening ceremony for Grain de Sail II, the world’s largest modern cargo sailboat built by local shipbuilder Piriou.