Business Developments & Projects
A power bank for ships? Belgium’s terminal says, ‘Why not?’
A pilot project was launched at Zuidnatie’s terminal in Antwerp in which shore power was connected to the ocean-going vessel UAL Osprey, an ocean going vessel owned by UK-based shipping company Carisbrooke Shipping, by means of a Zenobē battery. This makes Zuidnatie the first terminal in Belgium to
Norwegian firms merging to make ‘strong full-service energy data company’
Norwegian seismic companies PGS and TGS are merging their businesses to create what they say will be a full-service geophysical data company, pursuing potential in new energy with complementary technology offerings for carbon capture and storage (CCS) and offshore wind. TGS and PGS agreed on the pri
KN starts Klaipeda LNG capacity allocation
Lithuanian Klaipeda LNG terminal operator Klaipedos Nafta (KN) has offered the market 9 TWh of the LNG terminal regasification capacities for the period from 2025 to 2032 and from 2033 onwards. The National Energy Regulatory Council approved the updated allocation model at the end of July, and accor
In focus: Accelerating buildout of sustainable energy mix amid fossil fuel impasse
Last week’s G20 summit in India concluded with mixed progress on environmental issues. The leaders hailed the ambitious new renewable energy goal to “pursue and encourage efforts to triple renewable energy capacity globally” by 2030. However, the gathering was marked with lingering disagreements and
Next on the horizon: A naming ceremony for an ammonia-powered ship?
Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying
French tidal energy company eyes up to €2M of fresh funding
French company EEL Energy is looking to raise up to €2 million in new funding to help advance its tidal energy technology and projects.
Equinor hands over development plan for multi-million gas tie-back in North Sea
Equinor has submitted a plan for the development and operation (PDO) for a gas discovery in the North Sea.
SCZONE, Dutch officials pen cooperation deal to boost green fuel investments
Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), and the Dutch consortium and Rotterdam City have signed a cooperation protocol that aims to attract investments in establishing green hydrogen production plants and facilities. The parties signed the deal during El-Dien’s meeti
Hudong-Zhonghua hands over 24,116 TEU container titan MSC Claude Girardet
Chinese shipbuilder Hudong-Zhonghua Shipbuilding hosted the delivery ceremony for the 24,116 TEU ultra-large container ship, MSC Claude Girardet commissioned by China Ship Leasing and Swiss container shipping major MSC Mediterranean Shipping Company. This is the fourth 24,000TEU giant to be delivere
Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten
21 carbon storage licenses awarded in UK’s landmark licensing round
A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in
Construction starts on Maersk’s EUR 380 mln state-of-the-art terminal in Rijeka
A momentous occasion in the history of the Port of Rijeka, Croatia, unfolded on Wednesday, September 13, as the ground-breaking ceremony officially marked the commencement of construction for the highly anticipated Rijeka Gateway terminal. Destined to become the most advanced and remote-controlled c
ConocoPhillips books regasification capacity at Gate LNG terminal
U.S. energy major ConocoPhillips has signed a long-term commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. The 15-year throughput deal for approximately 1.5 million tons per annum (mtpa) or 2 bcm equivalent is expected to begin in
NKT hits ‘important milestone’ in its net zero journey
Denmark-headquartered power cable company NKT has received approval from the Science Based Targets initiative (SBTi) for its near-term decarbonization targets, said to represent an important step towards becoming a net-zero emissions company by 2050. NKT Cables Group commits to reducing its absolute