Business Developments & Projects
European ministers urged to streamline renewable hydrogen financing
In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank. According to the CEOs, the cri
Reliance on gas imports rising due to UK’s energy policy with ‘high North Sea taxes and disincentives’
Is the UK’s government’s energy policy is holding back the UK economy, as energy cost differences hit Britain’s businesses and consumers?
GAZ-SYSTEM puts Gdańsk FSRU 2 on hold as open season procedure ends with insufficient number of binding orders
Poland’s natural gas transmission system operator GAZ-SYSTEM has closed the submission phase for binding offers in its open season FSRU 2 procedure which did not result in a sufficient number of binding orders to proceed with the implementation of the project envisaging installation of the second FS
Argeo formalizes AUV order with Kongsberg
Marine survey contractor Argeo has formally signed the contracts with Kongsberg for the purchase of three Hugin autonomous underwater vehicles (AUVs). In September Argeo announced the purchase of three new AUVs from Kongsberg, two Hugin Superiors and one Hugin 6000. The contracts for all three vehic
Eneco plans to build 800 MW green hydrogen plant in Europoort
Dutch energy company Eneco has submitted a planning application for the construction of a green hydrogen production plant in Rotterdam’s Europoort industrial area. Eneco plans to develop the Eneco Electrolyzer plant which will use renewable energy from solar parks and wind farms to produce clean hyd
HGK Shipping orders eco-friendly dry cargo ship for Salzgitter Flachstahl
HGK Shipping, part of Germany’s integrated logistics group HGK, has ordered a new, low-emission dry cargo ship from the Dutch shipyard De Gerlien van Tiem.
NYK-chartered car carrier seized in Yemen as shipping gets in crosshairs of Israel-Hamas war
Japanese shipping company NYK Line confirmed earlier today that its chartered car carrier Galaxy Leader was seized near Hodeida, Yemen. “On the evening of November 19 in Tokyo (early afternoon local time), NYK was informed by Galaxy Maritime Ltd., which is based in the U.K., that an NYK-chartered pu
Petrobras and European Energy looking into e-methanol opportunities in Brazil
Brazilian state-owned oil and gas giant Petrobras and Danish company European Energy have signed a memorandum of understanding (MoU) to investigate business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis. According to Petrobras, the companies have vertically integ
World’s first hydrogen-powered inland vessel passes trial run
The world’s first hydrogen-powered vessel has completed technical sea trials and obtained a provisional certificate to be put into service. The vessel named Antonie was built by Dutch shipyard Concordia Damen for compatriot inland shipping company Lenten Scheepvaart. It will be used to transport sal
Northern Lights, Yara seal binding CO2 transport and storage deal
Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation a
In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels
This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.
Port of Gävle: Tanker switches to shore power during unloading operation for the first time
In a milestone event for the maritime industry, a tanker conducted an unloading operation while connected to shore power at the Port of Gävle, Sweden.
2017-built FPSO picked for redeployment at North Sea oil project
Jersey Oil & Gas and NEO Energy have chosen an FPSO for work on their oil development project on the UK Continental Shelf (UKCS).
Sumitomo subsidiary enters UK carbon storage sector
Carbon Catalyst has entered into an agreement with Summit Energy Evolution Limited (SEEL), a wholly owned subsidiary of Sumitomo Corporation, for the farmout of a 10% interest in a North Sea carbon capture and storage (CCS) project. Carbon Catalyst announced it had reached an agreement with SEEL to