Business Developments & Projects
New pilot project looking to decarbonise floating wind by using green ammonia-fuelled vessels
Blåvinge, a consortium comprising Fred. Olsen Seawind, Hafslund and Ørsted, has launched a pilot project that aims to explore whether installation vessels for floating offshore wind, and in particular anchor handling vessels, can use green ammonia as an energy carrier for maritime operations. The go
Saipem rigs find more work in Middle East and Mediterranean Sea
Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.
Wood allies with Transitus on decarbonization in United Kingdom
Consulting and engineering company Wood has signed a Memorandum of Understanding (MoU) with energy transition company Transitus Energy to explore opportunities for onshore and offshore decarbonization projects across the United Kingdom (U.K.) energy industry. According to Wood, the two companies wil
Deal for two North Sea platforms pits four ‘major’ fabricators against each other
Hartshead Resources has issued an invitation to tender (ITT) for two platforms destined for Phase I of a gas project in the UK North Sea.
Welsh marine energy sector breaks record with €120M investment over last year
The Marine Energy Wales annual State of the Sector Report has highlighted the progress and achievements of Wales in the marine renewable energy sector, unveiling €120.4 million investment in the sector over last year – nearly quadrupling the previous year’s figures.
Aker BP cleared to dispatch Saipem rig for drilling ops in North Sea
Aker BP has received consent from Norway’s regulator to use one of Saipem’s rigs for operations on a field in the North Sea off Norway.
Thumbs-up for Aker BP to dispatch Noble rig for North Sea ops
Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs for operations on a field in the North Sea off Norway.
Irish hydrokinetic turbine developer finds Japanese partner for global market roll out
GKinetic Energy and Torishima Service Solutions Europe have signed a letter of intent (LOI) to jointly develop a partnership structure and commercial model for global roll out of hydrokinetic technology.
Mitsubishi sets up new company for hydrogen business in Europe
Mitsubishi Corporation (MC), a global integrated business enterprise, has established a new company, Eneco Diamond Hydrogen, to develop green hydrogen and associated renewable energy in Europe. The new company is a joint venture between MC and its subsidiary Eneco, an integrated energy company headq
INEOS charters two LNG carrier newbuilds from MOL
London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States. These agreements follow INEOS Energy Trading’s long-term Sales and Purchas
10MW offshore hydrogen project nets €20 million European Commission grant
The HOPE (Hydrogen Offshore Production for Europe) project, which aims to develop, build and operate the first 10 MW offshore hydrogen production unit in the North Sea, off the coast of Belgium by 2026, has received a €20 million (around $21.8 million) grant from the European Commission (EC). The HO
Industry and academia team up for €8M tidal stream energy project
The University of Oxford, along with two other universities and over twenty industry stakeholders and regulatory bodies, will work together on an ambitious €8.1 million project that will address the key challenges currently preventing the tidal energy sector from reaching its full potential.
Maersk’s groundbreaking methanol-powered vessel sets sail on sea trials
This week marks a significant milestone for Maersk as its first methanol-powered container vessel undergoes crucial sea trials. The rigorous testing phase will be taking place off the picturesque Korean coast, near Ulsan. The 2,100 TEU container vessel is being built by South Korea’s Hyundai Mipo Do
North Sea project worth $10.78 billion gets contractor for power from shore scope
Aker BP has picked Linjepartner for the delivery of overhead lines for the power from shore project at its development in the North Sea.