Business Developments & Projects
Reach Subsea inks charter contract for low-emission survey vessel
Reach Subsea has signed a three or five-year charter contract, including additional options, with Agalas for a low-emission IMR/survey vessel with a smart lifting arrangement and an equipment package that can be adapted to several market segments. The new vessel, set to be constructed at the Sefine
Nexans to link Orkney Islands to Scottish mainland
SSEN Transmission has selected Nexans to supply and install the high-voltage cables that will provide a transmission link from the Orkney Islands to the Scottish Highlands. A capacity reservation agreement has been signed and Nexans has committed to reserve manufacturing and installation capacity fo
Siemens Energy & Air Liquide inaugurate electrolyzer factory in Germany
German Siemens Energy and French Air Liquide have held an inauguration ceremony for their new gigawatt electrolyzer factory in Berlin, Germany. The ceremony for the series production of the hydrogen technology was held in the presence of German Chancellor Olaf Scholz, German Economics Minister Rober
Spirit Energy gives more work to Well-Safe Solutions rig
Aberdeen-based decommissioning services provider Well-Safe Solutions has signed an agreement with Spirit Energy to add a well to the existing scope of the Well-Safe Defender semi-submersible rig. The expanded scope will include a well from the Appleton field located 160 miles east of Dundee, origina
Minesto’s 1.2MW tidal energy device on its way to Faroe Islands
Swedish company Minesto has completed the onshore testing on its tidal energy kite system Dragon 12, which is now being shipped for installation and commissioning in Faroe Islands.
Argeo details $4.9 million contract win
Following the announcement in early October that it will be working for an “oil and gas supermajor”, Argeo has now revealed the client and remaining details. Argeo announced on November 9 that it had signed a NOK 55 million (over $4.9 million) contract for the Bonga field subsea assets work program
Liquid Wind and partners eye ten additional eMethanol facilities by 2027
Swedish electrofuel developer Liquid Wind, through its partnership with Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has revealed plans for developing and marketing ten additional eMethanol facilities in the Nordics by 2027. The newly-announced plans build on the partnership that was initia
New investor to help drive ESL Shipping’s green transition
Finnish conglomerate Aspo has attracted a new investor for ESL Shipping to accelerate the green transition of its shipping subsidiary.
NAVTOR, Voyager Worldwide merge to advance maritime tech industry
NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.
TGE pressing on with construction of third LNG tank at Świnoujście
TGE Gas Engineering, an EPC contractor for the storage and handling of liquefied gases, is advancing the construction of the third LNG tank as part of the expansion project of the LNG terminal in Świnoujście, Poland. TGE Gas is building the LNG tank in consortium with Polish construction company POR
Njord to install energy-saving tech on another Greenheart vessel
Njord and Greenheart, a subsidiary of Hayfin Capital Management, have added an extra vessel to their partnership.
Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition
A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.
US DOE picks first round winners for novel wave energy technologies prize
The U.S. Department of Energy (DOE) has unveiled the winners of the first round of the Innovating Distributed Embedded Energy Prize (InDEEP), that will share $285,000 in cash prizes to further advance their novel wave energy concepts.
THB Verhoef becomes distributor of Auramarine fuel efficiency solution
Finland-based fuel supply systems provider Auramarine has entered into a representative agreement with the Dutch company THB Verhoef, a Dutch company specializing in the purchase and sale of diesel and gas engine components.