Business Developments & Projects
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will
France boosts tidal energy sector with €65M for FloWatt project
The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.
Maersk’s Svitzer to fuel five tugs with low-carbon HVO
Towage provider and part of A.P. Moller-Maersk Svitzer has announced an EcoTow agreement to fuel a fleet of five tugs dedicated to the South Hook LNG Terminal in Milford Haven, with hydrogenated vegetable oil (HVO).
First gas flows from TotalEnergies and SOCAR’s Caspian Sea field
TotalEnergies and its partner, SOCAR, have brought on stream a gas and condensate field in the Caspian Sea offshore Azerbaijan.
In focus: How international are decarbonization efforts?
In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very
New legal storm looms over the UK: Will it scrap its £11.6 billion climate pledge?
The plot thickens further with a leaked document about the UK’s alleged plans to scrap its £11.6 bln (close to $14.9 billion) climate pledge.
CAPITAL takes delivery of final LNG fuel-ready eco-friendly tanker
Greece’s Capital Ship Management (CAPITAL) has welcomed the last of six LNG fuel-ready tankers with eco-friendly design – the newbuild 50,000 dwt chemical/product medium range tanker M/T Akrisios. The company announced the delivery of the vessel, which was built by Hyundai Vietnam Shipyard Co. Ltd.,
Port of Esbjerg lines up EUR 780 Million investment in offshore wind turbine production facilities
The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around
Scots launch new competition to cut costs of wave energy technology
Wave Energy Scotland (WES) has launched a Direct Generation Concept Design Competition, inviting wave energy specialists, concept designers and solution architects to apply.
WATCH: Commissioning cargo delivered to El Musel LNG terminal
Spanish energy company Enagás has received the first LNG carrier at its El Musel LNG terminal in Gijón ahead of the commercial start-up of the terminal. According to Enagás, Thenamaris-owned LNG carrier Cool Racer with a capacity of 174,000 m3 arrived at the terminal on 1 July. The ship delivered a
Ithaca, Aker Solutions, Expro, Proserv, and EY back 10-point plan to improve North Sea workers’ mental health
Five energy industry players have given their backing to a charter aimed at improving the mental health of thousands of North Sea workers.
GTT nets new LNGC tank design order from Samsung Heavy
French LNG containment specialist GTT has received several orders from its partner, the Korean shipyard Samsung Heavy Industries (SHI), for the tank design for a total of five new LNG carriers (LNGCs). According to GTT, the order was made on behalf of a number of international ship owners. GTT will
Asso.subsea to install BorWin6 nearshore cable
Asso.subsea has signed a contract with Nexans for the transportation, installation and protection of the nearshore section of the BorWin6 offshore cable in Germany, with offshore work scheduled for 2025. The company will be involved in the design and execution of this part of the project in shallow
All-clear for Aker BP to deploy well intervention vessel for North Sea ops
Aker BP has received consent from Norway’s regulator to use one of Island Offshore’s vessels for work in the Norwegian North Sea.