Business Developments & Projects
thyssenkrupp’s hydrogen business receives €526 million boost
German-based engineering company thyssenkrupp has floated its hydrogen business thyssenkrupp nucera on the Frankfurt Stock Exchange (Prime Standard), supporting the company’s growth in the hydrogen market. Specifically, the gross proceeds from the IPO of around €526 million will go to thyssenkrupp n
Fugro to collect data off Norway needed for ‘sustainable development of new marine industries’
Fugro has been appointed to carry out a hydrographic survey offshore Norway to collect datasets that are said to be essential for the sustainable development of new marine industries such as offshore wind. The contract is the latest in a series that Fugro secured with the Norwegian Hydrographic Serv
Seaway7 completes EPCI cables scope on Scotland’s largest offshore wind farm
Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and
Saudi Arabia and France form energy alliance, H2 and electricity in focus
Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both
Carnegie Clean Energy moves forward with EuropeWave project
Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has applied to the tender for the third phase of EuropeWave project, requesting approximately €3.75 million to deliver a CETO wave energy prototype at a European test site.
UK consultancy takes on work related to FPSO decommissioning in Timor Sea
Energy consultancy Xodus has secured a contract to provide technical and project support services for the decommissioning of a floating production storage and offtake facility (FPSO) located in the Timor Sea off Australia. Xodus will be working on behalf of the Australian Government, providing advic
Peninsula supplies Norden’s bulk carrier with biofuel
Maritime fuel supplier Peninsula has completed its first sustainable biofuel delivery to Norden’s bulk carrier La Luna in Gibraltar.
Centrica and Delfin Midstream sign $8 billion LNG supply deal
U.K.-based energy company Centrica and U.S.-based LNG export infrastructure development company Delfin Midstream have entered a sale and purchase agreement (SPA) for 1 million tons per annum (MTPA) of LNG for 15 years on a free-on-board (FOB) basis at the Delfin Deepwater Port, located 40 nautical m
With new acquisition, Vår Energi bolsters its CCS exploration efforts
Vår Energi has acquired Feistein CCS, which is a company focused on maturing large-scale, cost-efficient CO2 storage opportunities.
International offshore rig count activity takes a downward plunge in June
Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.
Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns
Hecla Emissions Management, a company founded by Wilhelmsen Ship Management (WSM) and Affinity Shipping, has revealed its data that the maritime sector could be liable for €8.4 billion in 2026, taking into account the total ETS-applicable emissions.
MeyGen welcomes upgraded tidal energy turbine
SIMEC Atlantis Energy has redeployed a tidal energy turbine for MeyGen project, which underwent significant upgrades to improve performance and reliability.
Piombino regasification facility receives first commercial LNG cargo from Eni
Italy’s oil and gas company Eni has delivered an LNG cargo of 90 million cubic meters to the Snam (Italy’s energy company) regasification terminal in Piombino, Italy. Eni said the unloading operations took place following the completion of the test phase and mark the beginning of the terminal’s comm
Celsius orders LNG carrier quartet at CMHI
Danish shipping company Celsius Tankers has placed an order for four liquified natural gas (LNG) carriers at China Merchants Heavy Industries (CMHI).