Business Developments & Projects
The ‘father of ocean energy’ wins 2023 Vi Maris award
Tony Lewis, CTO of OceanEnergy, also known as the ‘father of ocean energy’, has been selected as the recipient of the 2023 Vi Maris Award for his contribution to advancing wave and tidal energy and technology. Vi Maris, meaning ‘power of the sea, is an industry award established by Ocean Energy Euro
Norwegian oil & gas duo comes on stream ahead of schedule
Aker BP and ConocoPhillips Skandinavia have commenced production from the Kobra East & Gekko (KEG) oil and gas fields located on the Norwegian shelf a couple of months earlier than estimated. When submitting the plan for development and operation (PDO) for KEG to the Norwegian Ministry of Petroleum
Northern Lights CEO: We are making CCS viable
The carbon capture and storage (CCS) business has been facing strong headwinds on its journey to becoming a feasible lever for hard-to-abate sectors to decarbonize. The role of carbon capture is increasingly gaining prominence as governments come to realize that renewable energy alone cannot provide
Yara and Navigator secure stake in ammonia bunkering startup Azane
Yara Growth Ventures, the venture investment arm of Norwegian Yara International, and UK-headquartered Navigator Holdings have each acquired a 14.5% interest in the Norwegian ammonia bunkering startup Azane Fuel Solutions. The companies led an investment round of €5.4 million in Azane to commence co
Vår Energi and Equinor agree on gas export solution offshore Norway
Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8
Louis Dreyfus Armateurs to build three wind-assisted RoRos for Airbus
European aerospace giant Airbus has selected French maritime firm Louis Dreyfus Armateurs (LDA) to renew its fleet of chartered vessels with three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. Airbus has commissioned LDA to build, own, and operate these new vessels th
EU reaffirms CCS crucial to achieving climate targets
The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
Seaway7 bags inter-array cable contract offshore Poland
Seaway7, part of the Subsea7 Group, has been awarded a contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III offshore wind projects in the Polish part of the Baltic Sea. Seaway7’s scope of work includes the engineering, procurement, construction, and i
NSTA ready to grant two-year license extension to Orcadian Energy
The North Sea Transition Authority (NSTA) is ready to agree a two-year extension to the second term for the Pilot license to UK-headquartered oil and gas company Orcadian Energy. As announced in September, Orcadian entered into a non-binding heads of agreement (HoA) with a North Sea operator which p
Proman Stena Bulk hosts naming ceremony for methanol-fueled Stena Pro Marine
Proman Stena Bulk, the joint venture (JV) between tanker company Stena Bulk and methanol producer Proman, has held a naming ceremony for its second methanol-fueled tanker. The naming ceremony for the 49,900 DWT tanker Stena Pro Marine was held at the port of New Orleans on October 24, 2023. Speaking
Fluxys, OQGN to work on hydrogen and CO2 infrastructure projects in Oman
Belgium’s energy infrastructure company Fluxys and Omani state-owned transmission system operator OQ Gas Networks (OQGN) have signed a memorandum of understanding (MoU) to jointly explore strategic cooperation in the development of hydrogen and CO2 infrastructure projects in Oman. The signing took p
Chinese vessel’s anchor probable cause of Balticconnector damage
Finland’s National Bureau of Investigation (NBI) has clarified technically the cause of the Balticconnector gas pipeline damage, stating that the Newnew Polar Bear vessel, flying the flag of Hong Kong, is believed to have caused it. The NBI stated at a press conference on October 24 that it had made
Pipeline contract awarded for first Dutch CO2 storage project
Allseas has won a contract to construct the subsea pipeline for the Porthos CO2 storage project, the first such project in the Netherlands. The news comes shortly after the final investment decision (FID) was made for the project. Allseas’ work includes installation, burial and commissioning of the
Orbital Marine Power to head multi-turbine tidal energy project
Scotland-based renewable energy company Orbital Marine Power, together with its project partners, has been selected by the European Commission’s Horizon Europe Programme to deliver a multi-turbine tidal energy project EURO-TIDES. EURO-TIDES is the EUROpean Tidal energy pilot farm focused on Industri