Business Developments & Projects
Mittal: Shipowners need to start locking in long-term supply of green fuels
In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se
A bunch of tenders coming up for second Malta-Sicily interconnector
InterConnect Malta has launched a tender for the transformer and shunt reactors for the second Malta to Sicily electrical interconnector. This is the first of a number of tenders upcoming for the project. The interconnector will consist of a new ~118-kilometer-long 225 MW HVAC electrical cable inter
Noble rig drops anchor in UK’s newest harbor before work for Harbour Energy
Noble Corporation’s jack-up rig Noble Intrepid has arrived at the Port of Aberdeen before mobilizing for Harbour Energy’s field in the North Sea. Port of Aberdeen announced on October 17 that it had welcomed the Noble Intrepid to Aberdeen South Harbour, where it will undergo reactivation work scopes
German OGE comes onboard H2Med green hydrogen pipeline project
German gas grid operator Open Grid Europe (OGE) has joined its Spanish, French, and Portuguese counterparts as a promoter of the European H2Med green hydrogen project. During the event ‘H2Med, an example of European energy cooperation’ at the Spanish Embassy in Berlin, OGE signed a memorandum of und
Norwegian firm to deliver compressors for SBM Offshore’s new FPSO
China Merchant Heavy Industries (CMHI) has contracted Norway-headquartered TMC Compressors to deliver the completed marine compressed air system for a newbuild FPSO the Chinese yard is constructing for Dutch FPSO operator SBM Offshore. Under the contract whose value remains undisclosed, TMC will pro
More work for Fugro at Denmark’s largest offshore wind project
Dutch geo-data specialist company Fugro has been appointed by RWE to complete a geophysical survey off the Danish coast, where RWE will build the 1 GW Thor offshore wind farm. Up to three survey vessels will be deployed to carry out a detailed pre-construction survey including a search for unexplode
Bombora seeks contractor for final evaluation of mWave wave energy demo project
Bombora Wave Power has opened a tender for an independent final evaluation of the mWave wave energy demonstration project.
HAV Hydrogen and NES test hydrogen fuel cell with maritime control system
Norwegian supplier of hydrogen-based energy systems for vessels HAV Hydrogen and maritime supplier Norwegian Electric Systems (NES), both subsidiaries of HAV Group ASA, have completed a laboratory test of a hydrogen fuel cell in combination with a maritime control system. The scope of the project wa
Parker: Shipping financing will not be the same
Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2
CoolCo secures sale and leaseback financing for two newbuild LNG carriers
Cool Company (CoolCo) has entered into sale and leaseback financing arrangements with Huaxia Financial Leasing for two LNG carriers that are being built by Hyundai Samho Heavy Industries in South Korea. Following the earlier announcement of the purchase of two 2-stroke LNG carrier newbuilds, namely
Start-up of Denmark’s largest natural gas field expected early next year
The TotalEnergies-operated Tyra redevelopment project in Danish waters is expected to produce first gas early in the first quarter of 2024 and reach plateau production in the second quarter of the year – earlier than previously communicated. Tyra is Denmark’s largest natural gas field and has been a
Five contractors in the run for pipeline contract for North Sea gas project
Hartshead Resources NL and its joint venture partner RockRose have launched an invitation to tender for pipeline EPCI services for the Anning and Somerville fields located in the Southern North Sea, following completion of the pipeline route survey covering the offtake routes for gas production from
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2
Scottish floating offshore wind project done with all offshore survey campaigns
All offshore survey campaigns have been completed across the Pentland floating offshore wind farm’s site area and cable corridor in Scotland. “This is a significant milestone for any offshore wind development, and we are pleased to have safely and successfully completed a number of survey and monito