Business Developments & Projects
Updated converter station plan for UK-France interconnector gets OK
The FAB interconnector that will link Great Britain and France has received updated planning permission for its converter station in the UK. The FAB Project will link the national electricity grids of Great Britain and France with the aim of increasing energy security, equalising electricity prices
Welsh renewables organizations strengthen ties
Marine Energy Wales and Renewable UK Cymru have signed a memorandum of understanding, outlining their commitment to work together to accelerate the clean transition in Wales.
50Hertz award brings NKT’s high-voltage order backlog to record €11 billion
Denmark-headquartered cable supplier NKT has reported a new record high-voltage order backlog of €11 billion for the third quarter of 2023, driven by the award of five firm projects under a larger framework agreement with German transmission system operator 50Hertz. In Q3 2023, NKT’s revenues increa
Vår Energi gearing up to spud two North Sea wells
Vår Energi has secured a drilling permit to spud two wildcat wells in the North Sea, using one of Odfjell Drilling-managed rigs.
Ascenz Marorka inks digital maritime services deal with Brunei Gas Carriers
Ascenz Marorka, a subsidiary of French LNG containment specialist GTT, has signed a contract with Brunei Gas Carriers to provide its Amadi vessel with a comprehensive range of digital maritime services designed for LNG carriers (LNGCs). Encompassing the full spectrum of Ascenz Marorka’s ‘Smart Shipp
Diamond Offshore spots signs of ‘strong and lasting upcycle’ as its rigs land new jobs in UK
Diamond Offshore Drilling is optimistic about the future after winning more assignments for its rig fleet in the UK during the third quarter of 2023.
Newbuild LNG carrier joins Capital Gas’ fleet
Capital Gas Ship Management has taken delivery of the newbuild LNG carrier constructed by South Korean shipbuilder Hyundai Heavy Industries. Capital Gas announced the delivery of the vessel named Amore Mio I via social media on November 7, 2023. The LNG carrier has a cargo capacity of 174,000 cubic
WATCH: Peninsula puts new LNG bunker vessel to work in the Mediterranean
Maritime fuel supplier Peninsula has marked the beginning of the operation of its newest LNG supply vessel Levante LNG in the Mediterranean. The 12,500 cubic meter vessel arrived at the Mediterranean at the end of September and is now fully operational in the Strait of Gibraltar and Western Mediterr
Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further
Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.
ZDS: German seaports are well-positioned to be carbon management hubs
German seaports believe they are well-positioned to be used as hubs for carbon management as part of the energy transition and a CO2 circular economy. However, they demand ‘a clear commitment’ from the federal government.
MAN to power Wallenius Wilhelmsen’s methanol dual-fuel car carriers
Norwegian shipping and logistic company Wallenius Wilhelmsen has ordered four methanol dual-fuel marine engines from German engine manufacturer MAN Energy Solutions. The engines are intended for the recently confirmed four 9,300 car equivalent unit (CEU) car carriers that will be built in China at t
Norwegian companies join forces for floating solar and EV charging
Sunlit Sea, in collaboration with Endra and Ev Powercharge, has been granted support to test a floating solar installation that will feature fast electric vehicle charging in Norway.
MSC Cruises’ third LNG-powered ship hits construction milestone
MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has reached a new milestone in the construction of its third LNG-fueled cruise ship, MSC World America. MSC World America, which is currently being built by Chantiers de l’Atlantique, was fitted with LNG tanks, the cruise company sh
As UK pledges more oil & gas licensing opportunities, calls emerge to supercharge renewables instead
Britain’s government is putting the wheels into motion to embrace more hydrocarbons with open arms by opening new licensing opportunities to ensure energy security while hoping to unlock more green investments in the process.