Business Developments & Projects
LNG Croatia and SK E&S eye LNG and renewables collaboration
Zagreb-based LNG Croatia has signed a joint development agreement with Seoul-based SK E&S for possible cooperation in the field of the LNG industry, renewable energy sources and energy efficiency. LNG Croatia said the two companies will work together on projects for the efficiency of the LNG termina
Euronav lifts option for ammonia-ready VLCC
Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The constr
Aging VLCC sector bracing for a deficit of ECO ships
The global shipping industry is grappling with the pressing need to transition towards eco-friendly practices, as ambitious demands for decarbonization and impending carbon taxes loom on the horizon. The very large crude carrier (VLCC) sector is in a unique position with a large portion of its fleet
CMB.TECH, DBR to build dual-fuel H2 gensets for marine applications
Belgium-based shipping and cleantech company CMB.TECH and Dutch full-service provider of power solutions DBR have partnered up to develop what is said to be the first dual-fuel hydrogen gensets for marine applications, aiming to accelerate the decarbonization of the maritime industry. DBR offers exp
The ‘carrot’ needs to be more ‘attractive’ to accelerate energy transition
The conversation surrounding the global energy transition is at a pivotal juncture, with a clear need to expedite the process. The process centers on the delicate balance between the “carrot” and “stick” principle – incentivizing green energy investments while making fossil fuels less attractive thr
Anchoring solutions provider selected for Ørsted’s USVs
Anchoring solutions specialist Maxwell Marine has won a contract to design and supply a technical anchoring system for uncrewed surface vessels (USVs) for the world’s leading offshore wind developer Ørsted. The USVs will be used for offshore met-ocean measurement campaigns in the wind farm industry
EU backs Dutch hydrogen innovator Battolyser Systems with €40 million
Supported by a guarantee from the InvestEU Fund, the European Investment Bank (EIB) has signed a €40 million financing deal with Dutch hydrogen innovator Battolyser Systems. According to EIB, the financing will enable Battolyser to scale its production facility in Rotterdam towards mass production o
Damen gets class and flag state approval for methanol-fueled workboats
Dutch shipbuilder Damen has won approval in principle for designs of methanol-powered compact vessels from the classification society Bureau Veritas and Dutch and Belgian flag authorities. The company said that it now offers designs for a wide range of methanol-powered workboats. The designs are a r
As UK’s offshore oil & gas industry slashes emissions, low-carbon era inches closer
OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.
TFK, JDR to supply Baltic Power onshore and subsea cables
TELE-FONIKA Kable (TFK), alongside JDR Cable Systems (JDR), has been awarded a contract to supply subsea and land cables for the 1.2 GW Baltic Power offshore wind farm in Poland. Together with partners NKT and DEME Offshore, TFK and JDR will design, manufacture, and install 340 kilometers of land an
Study: Offshore gas pipelines can be reused for H2 transport before 2030
A study by Guidehouse and Enersea has shown that Noordgastransport (NGT) and NOGAT’s offshore infrastructure can be repurposed for hydrogen transportation before 2030 by rerouting certain gas fields, while still providing transportation services for current and future Dutch offshore natural gas. The
DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050
Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D
Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV
DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.
Greek TSO takes over the baton for EuroAsia Interconnector
EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that