Business Developments & Projects
Ongoing perforation program ups Black Sea gas field’s production ante
Trillion Energy has revealed a boost in production rates at a natural gas field in the Black Sea off Türkiye.
Netherlands starts construction of national hydrogen network
The King of the Netherlands Willem-Alexander has performed the official ceremony to start work on the construction of a national hydrogen network in the Netherlands. The ceremony took place on Friday, October 27, 2023, on the building site of Gasunie subsidiary Hynetwork Services in the port of Rott
OX2 and Nordkalk planning e-fuel production on Gotland, Sweden
Sweden-based OX2 and Finland-based Nordkalk have announced plans to jointly investigate the opportunities for the production of e-fuel on Gotland, Sweden. Specifically, the parties will initiate a pilot study on how a facility should be planned, how the use of the area can be maximized and how the h
Eidesvik PSV prolongs its time with Wintershall Dea
Norwegian offshore vessel operator Eidesvik Offshore has secured a contract extension with Wintershall Dea for its platform supply vessel (PSV) Viking Princess. Viking Princess was hired by Wintershall Dea Norge back in October 2020 and the first extension option was exercised in October 2021 to pro
Norwegian ship owner’s vessel secures more work with Equinor
Havila Shipping has gotten its hands on a contract extension for a platform supply vessel (PSV), which is working for Equinor.
GSBN, DNV team up on verified data sharing in a major push for decarbonization
Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari
Norsepower rolls out rotor sail leasing initiative
Finnish cleantech company Norsepower Oy, Japan’s shipowner IINO Kaiun Kaisha (IINO Lines), and compatriot Mizuho Leasing Company have signed a cooperation agreement to launch a mechanical sail leasing initiative for Norsepower’s rotor sail. This move aims to increase shipping companies’ access to No
€900 million win for Prysmian in New York
Prysmian Group has signed an agreement worth approximately €900 million to deliver submarine and land power cable systems for what is said to be one of the largest transmission infrastructure projects in the U.S. Clean Path New York is an $11 billion renewable energy project comprising 3,800 MW of w
Despite lower profits, European and US oil & gas giants soldier on with ‘solid’ results
TotalEnergies, Eni, ExxonMobil and Chevron have reported strong operating and financial performance in the third quarter of 2023.
Furetank and Algoma’s first dual-fuel Vinga-class ship hits the water
Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have welcomed the launching of the first vessel intended for their joint venture FureBear. The vessel, named Fure Vanguard, is the ninth sister ship in the Vinga class and the ship was officially launched at C
Hydrogen Council welcomes three new members
UAE-based renewable energy company Abu Dhabi Future Energy Company (Masdar), Indian multinational conglomerate Larsen and Toubro (L&T) and Belgium’s Agfa have joined the Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision and long-term ambition for hydro
DET holds capacity allocation auctions for German North Sea coast terminals
The state-owned operating company Deutsche Energy Terminal (DET), responsible for the marketing and operation of the four LNG terminals (FSRU) on the German North Sea coast, has for the first time marketed regasification capacities of the terminals in digital auction rounds. On a total of six market
A.P. Moller Holding-backed C2X advances plans for green methanol production in Spain
C2X, a recently established company backed by A.P. Moller Holding as majority owner and A.P. Moller – Maersk as minority owner, has concluded the first phase to secure the concession for a large site for green methanol production with the port of Huelva in Spain. After signing a framework agreement
New licenses paving the way for ‘no cliff edge’ in UK oil & gas production
OEUK has welcomed the award of new oil and gas licenses as a step in the right direction to strengthen homegrown energy security.