Business Developments & Projects
ČEZ books capacity at LNG Stade terminal in Germany
Energy conglomerate ČEZ Group has contracted a long-term annual capacity of 2 billion cubic meters at the LNG Stade terminal in Germany, strengthening the energy security of the Czech Republic. The capacity at the terminal has been leased for 15 years, with an option to extend this to 25 years in co
Thumbs-up for Equinor to begin drilling at North Sea field
Equinor has received consent for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.
World’s first offshore hydrogen pilot returning from sea trials with all objectives ticked off the list
Sealhyfe, an offshore hydrogen production pilot launched in 2022 by French company Lhyfe, has completed sea trials and achieved all objectives set at the time of its launch. Following this, the pilot platform will now return to the Quai des Frégates in Saint-Nazaire. Lhyfe launched the world’s first
Prysmian’s Monna Lisa ready for assembly, set to hit the water in March
Prysmian’s new cable-laying vessel Monna Lisa has reached the hull erection stage, marking the start of assembly and preparing to be launched into the water. The addition of Monna Lisa will expand Prysmian’s installation fleet to six cable-laying vessels and will have installed the same main equipme
Rovco completes survey work on 1.4 GW Scottish floating offshore wind farm site
UK-based Rovco has completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm in Scotland. The Cenos floating offshore wind farm is located in the Central North Sea, 200 kilometers off the coast of northeast Scotland. The geo-environmental
€800 million in subsidies under EC’s pilot hydrogen bank auction is up for grabs
The European Commission (EC) has launched the first auction under the European Hydrogen Bank to support renewable hydrogen production in Europe, with an initial €800 million of emissions trading revenues available to producers in the European Economic Area (EEA). The auction, which is funded by the
New UK player joining North Sea oil project ahead of field development plan submission
Jersey Oil & Gas has agreed to sell a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy.
European Commission’s €4 billion Innovation Fund call for proposals expands to include maritime sector
The European Commission has announced the opening of the Innovation Fund’s 2023 call for proposals, boasting a historic budget of €4 billion. The significant financial injection aims to accelerate the deployment of cutting-edge decarbonization technologies, and the funds for this initiative are sour
Financial engineering firm joins Green Marine Europe
Fimar, a French company specializing in the arrangement and financing of merchant vessels, is joining the ranks of the partners of the environmental certification program Green Marine Europe.
Surewave project consortium tests offshore floating solar model
The consortium of the EU-funded Surewave project has performed wave tank tests of the floating solar concept at the Maritime Research Institute Netherlands (MARIN).
Swedish electrolyzer manufacturer steps into Chinese market
Swedish manufacturer of energy systems for green hydrogen production Metacon has entered into a memorandum of understanding (MoU) with Chinese company PERIC Hydrogen Technologies to establish a strategic partnership for the production and sale of Metacon’s electrolyzers on the Chinese market. The Mo
Hellenic Cables hired for high-voltage interconnection project fortifying Sweden-Denmark energy ties
Hellenic Cables has tucked under its belt a new contract with Energinet, which will enable it to deliver high-voltage cables for an electrical interconnection project.
Proman Stena Bulk names final methanol-powered MR tanker duo
Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proman, has christened Stena Provident and Stena Progressive, the final two vessels in its initial six-strong methanol-fuelled tanker fleet. The two 49,900 DWT tankers were named at a ceremony held on November 23 at Guangz
Hafnia picks Wärtsilä propulsion efficiency systems for ten tankers
Finnish technology group Wärtsilä has been selected to supply its propulsion efficiency solutions for ten Bird Class oil and chemical tankers owned by Hafnia, a Singapore-based tanker operator.