Business Developments & Projects
Investigation launches over suspected leak on European offshore gas pipeline
Finnish and Estonian transmission system operators (TSOs) Gasgrid Finland and Elering have launched an investigation over suspicion that there is a leak in an offshore gas pipeline that connects the two countries. Gasgrid Finland and Elering observed an unusual drop in pressure in the Balticconnecto
DNV clears Oceans of Energy’s offshore solar design for North Sea conditions
DNV, the independent energy expert and assurance provider, has issued a statement of conformity to Dutch floating solar company Oceans of Energy for its offshore solar solution, which clears it for deployment in rough sea conditions like those in the North Sea.
Frontline’s exit clears path for CMB’s bold decarbonization agenda for Euronav with ammonia and hydrogen at the helm
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB
Electriq secures €1.1M RVO grant for hydrogen powder plant in Amsterdam port
Israel-based company Electriq Global has received a €1.1 million grant from the Netherlands Enterprise Agency (RVO) for its proposed hydrogen powder manufacturing plant to be located in the Port of Amsterdam. Scheduled to begin operation in 2026, the hydrogen powder manufacturing plant is slated to
Reach Subsea buys Australian survey company as part of global expansion plans
Norway’s Reach Subsea has entered into an agreement to acquire Australian marine survey company Guardian Geomatics as part of its global expansion agenda. Guardian Geomatics, established in February 2018, offers marine survey solutions to the oil & gas industry and government sector clients, which i
Norway greenlights modifications planned for North Sea field
Norway’s offshore safety regulator has given Equinor consent to carry out modifications at a field located in the Norwegian sector of the North Sea.
Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest
Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac
MAMII picks two methane measurement firms to carry out pilot studies
Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in
In focus: Is natural gas crucial element of energy transition?
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi
Gate terminal awards owner engineer services deal for 4th LNG tank at Rotterdam port
Gate terminal, a joint venture of Dutch gas operators Vopak and Gasunie, has selected Sacyr Engineering and Infrastructure to deliver the owner engineering services for the fourth LNG storage tank in the port of Rotterdam. The contract was awarded to Sacyr’s engineering subsidiary Sacyr Proyecta as
Construction begins on first subsea interconnector between Spain and France
Spanish transmission system operator (TSO) Red Eléctrica is about to begin the construction of the first submarine interconnector between Spain and France. The Biscay Gulf interconnector will comprise two high-voltage direct current (HVDC) links, each with a capacity of 1,000 MW, linking Gatika in S
Peel Ports cuts GHG emissions by almost a third in 3 years
The U.K.’s second largest port operator Peel Ports Group revealed that it has reduced its greenhouse gas emissions across its port facilities by almost a third since 2020. The port said in its ESG report that it had managed to cut Scope 1 & Scope 2 emissions across its port operations by a total of
WATCH: Short pit stop for Island Drilling rig at shipyard ahead of work in Africa
Island Drilling Company has made a quick pit stop at a shipyard to prepare its semi-submersible rig for its upcoming assignment with Trident Energy offshore Equatorial Guinea.
Siemens Energy delivers grid transformers for Ireland-Wales interconnector
Siemens Energy has delivered four grid transformers for the 500 MW Greenlink subsea and underground electricity interconnector that will link Ireland and Wales. The four 160-ton grid transformers were transported by sea from Nuremberg, Germany, to Belview Port Waterford in Ireland in order to avoid