Business Developments & Projects
Clarksons: 44 pct of ships ordered in H1 are alternatively fueled
Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha
Exceedence’s exfin software for offshore renewables makes it to new Horizon Results Platform
EU-Scores project partner, an Irish company Exceedence, has made it to the new Horizon Results Platform with its exfin software developed to speed up the rollout of offshore wind, wave and tidal energy projects.
1st ME-GA engine wraps up gas trials
The first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping, MAN Energy Solutions announced. The new engine is an Otto-cycle variant of the company’s ME-GI engine, designed for LNG/fuel-oil
TenneT picks Prysmian and N-Sea for service maintenance work in North Sea
Prysmian Group has signed a Service Level Agreement (SLA) with the German-Dutch transmission system operator (TSO) TenneT to provide nearshore cable inspection, maintenance, and repair services for TenneT’s HVDC and HVAC submarine power cables in the North Sea. The agreement will be fulfilled in par
LNG Shipping launches inland LNG bunker barge chartered by Shell
LNG Shipping, a joint venture between Victrol and Sogestran, has launched Energy Stockholm, a liquified natural gas (LNG) bunker barge which will be chartered to Shell LNG B.V(Shell).
GTT bags another LNGC tank design order from Dalian Shipbuilding
French LNG containment specialist GTT has received an order from the Chinese shipyard Dalian Shipbuilding Industry & Co (DSIC) for the tank design of two liquefied natural gas carriers (LNGCs). The order, received in the second quarter of 2023, came on behalf of CMES LNG Carrier Investment INC. GTT
UK player seeking farm-down of high-graded assets in its North Sea basket
Reabold Resources has undertaken a high-grading exercise of its North Sea licences and plans to farm down its stake in retained assets.
CPP Investments and Power2X team up on green molecule projects
Canada Pension Plan Investment Board (CPP Investments) and hydrogen project developer Power2X have entered a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. According to the companies, the partnership plans to invest an initial €130 million t
Ithaca getting its hands on full ownership of UK gas discovery and three North Sea licences
Ithaca Energy has set the wheels into motion with the signing of a sale and purchase agreement to acquire the remaining stake in a discovery.
Recoverable oil & gas volume in Shell’s recent UK North Sea discovery nearly doubled
Shell has carried out a post-well analysis of a discovery in the North Sea, indicating a significant boost in the estimated oil & gas resources.
With license in place, first UK-Germany energy link to start major construction
NeuConnect, the company behind the first energy link between the UK and Germany, has signed a license agreement with The Crown Estate, a step set to allow major construction work to begin this summer in the UK. Following negotiation and collaboration with The Crown Estate, the signed license agreeme
Norway adds ‘largest discovery’ in a decade to its hydrocarbon arsenal
Wellesley Petroleum has made a significant gas and condensate discovery in a prospect located in the North Sea.
New upstream energy investment player snaps up three offshore production vessels
Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner.
New report looks into policy support for cost-effective delivery of wave and tidal stream power
The University of Edinburgh’s Policy and Innovation Group has released a new report which quantified the specific policy support mechanisms, and the associated costs, that will be required to accelerate the wave and tidal stream energy sectors towards commercial deployment.