Business Developments & Projects
Norwegian marine geophysics firm about to wrap up its first offshore wind contract
Norwegian marine geophysical company PGS is set to complete its inaugural contract for ultra-high resolution 3D wind farm site characterization by the end of this month. PGS secured its first ultra-high resolution wind farm site characterization project at the beginning of the year, marking its entr
JR Shipping outfits 9th vessel with Value Maritime’s Filtree and carbon capture solution
Dutch shipping company JR Shipping has completed the installation of Value Maritime’s Filtree and Carbon Capture technology on the 9th vessel, MV Emotion. The installation on the 2008-built containership of 1,440 TEU was completed in Hamburg, Value Maritime said in an update. The latest development
Will UK’s new CCUS strategy open doors to multi-billion global supply chain market?
A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.
Ofgem to set final cap and floor levels for North Sea Link
UK energy market regulator Ofgem is set to carry out a post-construction review of the North Sea Link (NSL) after which it will set the final cap and floor levels for the project connecting the UK and Norway. Ofgem granted National Grid North Sea Link (NGNSL) a cap and floor regime with respect to t
Flemish ports acquire European Hydrogen Valley status
Port of Antwerp-Bruges, North Sea Port and Port of Ostend have officially been recognized as a Hydrogen Valley at the European level. The Hydrogen Valley certificate was issued by the Clean Hydrogen Partnership and Mission Innovation who maintain an online map with the main characteristics of Hydrog
Svitzer to provide services for Greece’s first offshore LNG terminal
Svitzer, a global towage provider and part of A.P. Moller-Maersk, has signed a 15-year agreement to service Gastrade’s Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) LNG terminal, the first offshore LNG project in Greece. Specifically, Svitzer will set up towage services and s
Site surveys to begin for Flotation Energy’s two offshore wind projects
Site investigations are about to start at two locations in Scotland and the UK where Flotation Energy and its project partners plan to build the 480 MW Morecambe and the 1.4 GW Cenos offshore wind farms. At the Morecambe site, located about 30 kilometres from the Lancashire coast, a deep-sea geotech
FloWatt developers applaud French government’s tidal energy commitment
The developers of FloWatt tidal energy project – Qair, HydroQuest, and Constructions Mécaniques de Normandie (CMN) – have hailed the French government’s investment in what is to become the world’s largest tidal energy farm.
Prysmian’s renewed credit facility includes environmental and social KPIs
Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolvi
UK invests €8.8M to drive innovation in offshore renewables
The Supergen Offshore Renewable Energy (ORE) Impact Hub, led by the University of Plymouth, has secured €8.8 million to accelerate the impact of current and future offshore renewables devices and systems and to drive the UK towards it net zero commitments.
Technip Energies invests in cleantech fund to boost path toward net zero
Engineering and technology company Technip Energies has invested in Evok Innovation’s Fund II, a cleantech fund that invests in and supports hard-tech development and focuses on next-generation sectors such as low-carbon hydrogen, carbon capture and removal, electrification and critical minerals. Ac
Hartshead works on putting funding in place for UK North Sea gas project
Hartshead Resources has appointed specialist corporate finance energy advisors to support its efforts to secure financing for gas project.
Gas rush paints LNG as energy transition’s trump card to low-carbon future
Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.
Nord Stream investigation finds explosive traces on suspiciously chartered yacht
Germany has found traces of subsea explosives in samples taken from a yacht that may have been used to transport the explosives that damaged the Nord Stream gas pipelines in the Baltic Sea, a letter sent to the UN Security Council states. Four gas leaks were found on the Nord Stream 1 and 2 pipeline