Business Developments & Projects
Cargill joins global trade association for methanol industry
Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shi
World’s largest cruise ship aces final sea trials
Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise ship, has finished its final sea trials.
ITT set to acquire Danish pump specialist Svanehøj
Danish marine pump specialist Svanehøj Group revealed that it is being acquired by ITT Inc., a U.S.-based multi-industrial company, which is expanding its presence in the growing market for liquefied gas. Svanehøj specializes in the supply of marine fuel and cargo pumps, along with LNG/LPG tank gaug
Andritz orders 18 electrolyzers from HydrogenPro
Technology company and an OEM for high-pressure alkaline electrolyzers HydrogenPro and technology group Andritz have signed a purchase contract for the delivery of 18 units of HydrogenPro’s 5.5 MW cell stacks with a total capacity of 100 MW. The firm purchase order follows a stock exchange notice da
Eni and Snam unveil Italy’s first carbon capture and storage project
Italy’s oil and gas giant Eni and energy infrastructure operator Snam have launched the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on December 19, 2022, to jointly develop and manage Phase 1 of the Ravenna CCS Pro
Air Products to build carbon capture facility at existing hydrogen plant in Rotterdam
Industrial gas supplier Air Products has revealed plans to build, own, and operate a carbon capture and CO2 treatment facility at its existing hydrogen production plant in Rotterdam, the Netherlands. The company aims to bring the facility on stream in 2025, with the resulting blue hydrogen product t
HHLA: Boards greenlight takeover offer by MSC
The Executive Board and the Supervisory Board of HHLA are recommending the shareholders to accept the MSC offer.
P&O Maritime Logistics: We are assessing a diverse array of fuels
In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has
BP brings on stream first oil & gas tie-back to its UK North Sea hub in 20 years
BP has started production from a field in UK waters, which was developed by Neptune Energy and connected to the oil major’s 25-year-old Eastern Trough Area Project (ETAP) hub, reusing some existing subsea infrastructure.
Wavepiston enters final stages of wave energy and desalination system installation
Danish company Wavepiston has started the final stage of installation of its full-scale wave energy system for desalination and power production offshore Canary Islands.
Wärtsilä reshuffles organization, discontinuing Marine Systems
Finnish technology group Wärtsilä revealed plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.
New carbon capture firm to enter UK market
Aberdeen-based Amplus Energy Services is entering the carbon capture sector with a multi-million-pound investment in a Norwegian carbon capture company which will see the creation of a new UK carbon capture business. Amplus Energy announced it was investing seven figures in the Norwegian carbon capt
After Shelf Drilling rig hits gas in North Sea, production start-up on the cards by year-end
Equinor has made a new gas discovery in the North Sea, using one of Shelf Drilling’s jack-up rigs.
Vattenfall, TKF enter long-term partnership for inter-array cables
Vattenfall and TKF have signed a multi-year partnership for the supply of inter-array cables for offshore wind farms in Europe. The agreement covers the supply of 66 kV inter-array cables and will apply to all fixed-bottom European offshore wind farms developed by Vattenfall in the coming years. The