Business Developments & Projects
Survey activities next for Scottish subsea cable links
Marine survey activities are scheduled to start this month for two Eastern Green Link projects in Scotland. Scottish Hydro Electric Transmission and National Grid Electricity Transmission are delivering the Eastern Green Link 2 (EGL 2) project, while Scottish & Southern Electricity Transmission (SHE
VLCC Nautica arrives in Yemen to transfer oil from ‘time bomb’ FSO Safer
A very large crude carrier the Nautica, bought in March by the UN Development Programme (UNDP) from Euronav, as part of a coordinated operation to remove oil from decaying FSO Safer, has arrived in Yemen. The arrival of the VLCC has been confirmed by Yemeni Foreign Minister, Ahmed Bin Mubarak. Nauti
Longboat and JAPEX create new player on Norwegian oil & gas stage
Longboat Energy and JAPEX have completed all the steps required for the creation of their Norwegian joint venture (JV).
Odfjell Drilling strengthens ties with Equinor and confirms two rig deals
Odfjell Drilling has inked contracts for one of its semi-submersible rigs to carry out drilling activities in the North Sea.
In focus: Is LNG stuck between a rock and a hard place in the energy transition story?
The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen
EU Innovation Fund backs two major ocean energy projects as part of €3.6B clean tech investment
The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.
Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding
Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut
Crown Estate and Cefas publish subsea power cables report
The Crown Estate and the Centre for Environment, Fisheries, and Aquaculture Science (Cefas) have released a report which aims to help stakeholders involved in offshore wind developments better assess the impacts of electromagnetic fields (EMFs) from subsea power cables on the marine environment. Acc
Port of Sines teams up with Brazil’s CSN on green shipping corridor
Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr
Shearwater to perform ‘pioneering’ survey over Norwegian gas field
OMV Norge, a subsidiary of Austria’s oil and gas company OMV, has appointed Shearwater GeoServices to conduct a “pioneering” towed streamer survey with ocean bottom nodes (OBN) over its gas and condensate discovery offshore Norway. Under the contract, Shearwater is set to begin the hybrid survey ove
Nel receives €9 million electrolyser equipment order from Hyd’Occ
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has signed a contract for 20 MW of alkaline electrolyser equipment for about €9 million with Hyd’Occ for its project in Port-La-Nouvelle, France. The 20 MW electrolyser will supply renewable hydrogen to local industry and transportation in
Eco Wave Power bags EU funding for its newest wave energy plant
Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.
One of UK’s largest undeveloped oil fields put on hiatus once again
Reports indicate that the decision on whether to approve or not one of the largest undeveloped oil fields in the UK is unlikely anytime soon.
DB Schenker, Volvo Cars opt for biofuel to slash ocean freight emissions
DB Schenker and Volvo Cars have embarked on a partnership for more sustainable ocean freight, shipping 12,000 standard containers (TEU) with automotive spare parts on vessels using biofuel.