Business Developments & Projects
Leask Marine drills a ‘first’ for tidal developer
Leask Marine has installed the first offshore grouted pile with its Raptor Submersible Drilling Rig (SDR) technology in the Faroe Islands, for a Swedish tidal developer. This marks the final commercialization phase of the Raptor SDR, from concept, design, manufacturing, and full testing program comp
Liquid Wind applies for environmental permit for third eFuel plant in Sweden
Swedish electrofuel (eFuel) developer Liquid Wind has submitted an environmental permit application for the company’s third commercial-scale green electrofuel facility, FlagshipTHREE, at the Land and Environment Court in Umeå, Sweden. According to Liquid Wind, once operational, FlagshipTHREE, locate
Capital Product Partners seals $3.1 billion acquisition of 11 LNG carriers amid strategic transformation
After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener
MAN ES compressors to replace another OEM’s units at Equinor’s platform
Norwegian state-owned energy giant Equinor has selected MAN Energy Solutions to deliver compressor bundles that will replace units from another original equipment manufacturer (OEM) at a platform offshore Norway. MAN Energy Solutions will deliver a total of three compressor bundles and an additional
SEFE and Equinor forge gas and hydrogen ties
German Securing Energy for Europe (SEFE) and Norway’s energy major Equinor have signed a long-term gas sales agreement, as well as a non-binding letter of intent (LoI) on large-scale hydrogen supplies. Under the gas sales agreement, Equinor will supply SEFE with 111 TWh (circa 10 bcm) of natural gas
Meeting IMO’s 2030 targets not out of grasp?
Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer
Harbour Energy getting its hands on Wintershall Dea’s E&P portfolio, bar Russian one, for $11.2 billion
Harbour Energy has the wheels into motion to acquire all of Wintershall Dea’s assets, aside from the ones in Russia, for $11.2 billion.
MAN ES: World’s 1st SCR for ammonia engine tested
MAN Energy Solutions, in collaboration with Germany-based stainless-steel processor BUTTING, has revealed that the world’s first selective catalytic reduction (SCR) converter intended for an ammonia engine has passed its factory acceptance test. Measuring an impressive 3.9 meters in diameter and boa
Vertical lay-up machine ordered for Taiwan’s first subsea power cable factory
Norway’s PASSER Group has secured a contract to deliver a vertical lay-up machine (VLM) for the first-ever subsea power cable factory in Taiwan. PASSER Products announced it had been awarded the contract for the delivery of the VLM to the new factory in Kaohsiung. The factory, which will specialize
Air Liquide to install CO2 capture unit at hydrogen plant in Rotterdam port
In order to supply decarbonized hydrogen to its long-term customers, Air Liquide has decided to build, own, and operate a carbon capture unit that will be installed at its hydrogen production plant in the port of Rotterdam and will be connected to Porthos, one of Europe’s largest carbon capture and
DMEC: Mix of offshore renewable energy sources key to reliable energy system
During the session on stage at this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, the Netherlands, Dutch Marine Energy Center (DMEC) emphasized that a combination of offshore renewable energy sources, storage methods and nature-inclusive design is needed to build a solid energy
Stolt Tankers eyes 5-7% fuel savings from graphene coating
Tanker operator Stolt Tankers said that it has become the first shipping company in the world to apply graphene coating technology to the hull of one of its chemical tankers, Stolt Lotus. Namely, in early November, the 30,000-deadweight tonne Stolt Lotus was drydocked in China for five days where th
Prysmian to add two more vessels to its CLV fleet
Italy-based Prysmian Group is investing approximately €350 million for two new cable-laying vessels (CLVs) that it says will reinforce its submarine project execution capabilities. “The market is tremendously growing, and we are facing an increasing demand for submarine cable systems for interconnec
Germany first beneficiary of European Hydrogen Bank’s financing scheme
Germany will be the first member state to take part in the new EU mechanism ‘Auctions-as-a-service’ of the European Hydrogen Bank, with the federal government providing an additional €350 million for electrolyzer projects in Germany. These are in addition to the €800 million that the EU Innovation F