Business Developments & Projects
Gunvor and Solvang form JV, order five carbon capture-ready VLGCs
Geneva-based energy trading firm Gunvor Group and Norwegian shipping company Solvang ASA have formed a joint venture to own and operate next-generation eco-vessels for the liquefied petroleum gas (LPG) market. The joint venture has placed an order for five very large gas carrier (VLGC) newbuilds wit
Gen2 Energy & SEFE move forward with Norway to Germany H2 import deal
Norwegian Gen2 Energy and Germany’s Securing Energy for Europe (SEFE), via its subsidiary WINGAS, have signed a transaction term sheet for the delivery of green hydrogen. Gen2 Energy said the sheet defines the terms and conditions for a final sales and purchasing agreement and represents a major ste
COSCO’s boxship first to plug into shore power at HHLA CTT
The shore power system at HHLA Container Terminal Tollerort (CTT) in Hamburg, Germany was officially inaugurated with the successful supply of shore power to COSCO Shipping Taurus during a ship integration test this week, marking a significant milestone in its practical application. COSCO Shipping s
Aker BP all-set to put Odfjell Drilling rig to work on two North Sea fields
Aker BP has received consent to use one of Odfjell Drilling’s rigs for production drilling on two fields located in the North Sea off Norway.
KBR, SolydEra to work on integrated NH3 solid oxide electrolyzer solution
U.S. KBR has signed a memorandum of understanding (MoU) with Italy’s SolydEra to offer an integrated solution for producing lower-cost clean ammonia using renewable energy. Under the terms of the MoU, KBR will integrate SolydEra’s solid oxide electrolysis (SOE) technology into its proprietary K-Gree
Carbon Clean and Samsung Engineering forge alliance on onboard carbon capture solutions
London-based carbon capture company Carbon Clean has joined forces with Korean construction and project management company Samsung Engineering Co. (SECL) to explore opportunities for onboard carbon capture solutions projects. The two companies have formalized a Joint Development Agreement (JDA) and
Argeo survey vessel to be upgraded as clients are requesting additional capability
Argeo’s subsea vessel Argeo Searcher is set to undergo an upgrade which will make it a “true” multipurpose inspection, maintenance and repair (IRM), greenfield survey vessel and mineral exploration vessel. The vessel upgrade will be carried out at Norway’s Fjellstrand this month and is fully finance
Green Ships, Bourbon Horizon to build zero-emissions ePSVs featuring Amogy’s ammonia-to-power tech
Green Ships AS, a consultancy company specialized in the designing and building of ‘green’ vessels, and Bourbon Horizon AS, an international offshore shipping company, have signed a Memorandum of Understanding (MoU) with Amogy, the provider of ammonia-to-power technology, for the supply of its techn
CE Delft: CII could cut EU shipping’s emissions by 30% if enforced correctly
A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships co
ESB partners up with Simply Blue Group on 5MW wave energy project offshore Ireland
Blue economy developer Simply Blue Group and Ireland’s premier energy company ESB have partnered up to pool expertise and resources to deliver a pioneering 5MW wave energy farm, located close to the Co Clare coast in Ireland.
Report: ExxonMobil selling majority stake in Italy LNG terminal to BlackRock
U.S. energy major ExxonMobil has chosen compatriot investment company BlackRock as the potential buyer for its majority stake in Italy’s Adriatic liquefied natural gas (LNG) import terminal, according to Reuters. Reportedly, the stake sale drew interest from infrastructure funds and international gr
Diamond Offshore rig embarks on its first North Sea gig with Repsol
Diamond Offshore’s semi-submersible rig has started its first assignment with Repsol in the UK sector of the North Sea.
Van Oord begins cable installation activities at Iberdrola’s Baltic Eagle
Van Oord has commenced inter-array cable installation activities at Iberdrola Deutschland’s 476 MW Baltic Eagle offshore wind farm in Germany. After Van Oord’s heavy lift installation vessel Svanen completed the installation of all 50 monopiles for the Baltic Eagle offshore wind farm, Van Oord now c
Trafigura inks $400 million credit facilities to buy US LNG for European customers
Commodities trading group Trafigura has entered into two revolving credit facilities for a total combined amount of $400 million, with insurance from the Export-Import Bank of the United States (US EXIM), to supply European customers with LNG. The company said the facilities will exclusively be used