Business Developments & Projects
Silverstream wins AIP from China Classification Society
UK-based maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AIP) with the China Classification Society (CCS). Silverstream said that this is the first agreement of this nature with a classification society. The Approval in Principle signifies that the C
Interview: Winning back investor confidence in wave energy – Mocean Energy’s guide
In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges
Offshore for Sure to uphold innovative renewables’ place in the energy system
Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.
Petrofac and Saipem to together tackle UK decommissioning job
Oilfield services provider Petrofac has secured a multi-million-pound contract with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove a 20,000-tonne topside using
World’s 1st H2-powered tugboat en route to final commissioning preparations
Port of Antwerp-Bruges has informed that on Monday, October 23, 2023, the Hydrotug 1, the world’s first hydrogen-powered tugboat, will make the journey from Oostende to its homeport in Antwerp, Belgium, where the port and shipping and cleantech company CMB.TECH will further prepare the vessel for co
Balticconnector damage probe puts Chinese vessel under investigation
The investigation into the damage to the Balticonnector gas pipeline between Finland and Estonia is now focused on the role of the Hong Kong-flagged NewNew Polar Bear container vessel, Finland’s National Bureau of Investigation (NBI) said. The Finnish police have established in the criminal investig
Sabella goes into receivership
French tidal energy company Sabella has been placed in a receivership following several months of dealing with financial difficulties.
JR Shipping marks 10th Filtree installation in carbon capture milestone
Dutch shipping company JR Shipping has reached a significant milestone by installing the 10th Filtree Carbon Capture system on its fleet. The installation was carried out on board the 750 TEU MV Enforcer vessel in cooperation with Spanish shipbuilder Astilleros de Santander S.A.U. The Dutch-flagged
New companies to be created as part of Solstad refinancing
Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to
Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland
Energy company Eesti Gaas, also known as Elenger, has announced it will bring an additional LNG cargo from the United States (U.S.) to the Inkoo terminal, Finland, in the second half of November 2023 to cover the country’s gas consumption. Margus Kaasik, Chairman of the Management Board of Eesti Gaa
Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security
Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage
WES boosts 5 projects to design new class of wave energy converters
Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.
MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal
Energy major Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell to provide marine fuels for the line’s newbuild. Pierfrancesco Vago, MSC Cruises’ Execut
Rig en route to begin drilling campaign off Namibia
Portuguese oil and gas company Galp is getting ready to begin drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries. Galp’s partner, Canada-based Sintana Energy, said on October 19 that the semi-submersible rig Hercules is currently i