Business Developments & Projects
SolarDuck partners up for 780kW offshore solar project in Malaysia
SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island.
Wilson pens deal for up to 14 future-proof newbuildings
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
Provaris and Norwegian Hydrogen launch 270MW green hydrogen project in Norway
Australian Provaris Energy, former Global Energy Ventures (GEV), has launched the development of a large-scale production plant for green hydrogen at Ørskog in Ålesund municipality, Norway. The company has announced the development of the project in collaboration with Norwegian Hydrogen, stating it
First floating LiDAR deployed offshore Sardinia for 500 MW wind project
A floating LiDAR device has been deployed at the Ichnusa Wind Power Project site some 35 kilometres off the coast of Sardinia to monitor wind and wave conditions. The floating LiDAR campaign, the first of its kind for an offshore wind project in Sardinia, is being managed by Akrocean. Monitoring wil
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme
Wildlife monitoring buoy hits water in Morlais tidal energy zone
A wildlife monitoring buoy has been deployed in the sea off the coast of Holyhead, marking a significant milestone for tidal energy in Wales, as the data gathered will inform future turbine installations at the Morlais tidal energy site as well as similar projects worldwide.
LNG Croatia turns to Wärtsilä to extend regasification capacity of Krk LNG terminal
Finnish technology group Wärtsilä has secured a contract to extend the capacity of the regasification system installed onboard the LNG Croatia, a floating storage and regasification unit (FSRU) owned by Zagreb-based LNG Croatia. Under the contract, Wärtsilä will extend the capacity of the 280-metre-
Seal of approval for Equinor to start drilling activities with Transocean rig
Equinor has received consent from Norway’s regulator to use one of Transocean’s rigs on a block located in the Norwegian Sea.
Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
Project Greensand gets DNV’s safety approval
Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The
BASF joins forces with CSSC on onboard carbon capture tech
CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. The partnership is expected to
Norwegian wave energy company sets out to explore large-scale projects in India
Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.
Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality
Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh
CIP buys stake in CWP’s green hydrogen development portfolio
Copenhagen Infrastructure Partners (CIP) has made a strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. CWP Global, a developer of renewable energy, currently has a green hydrogen hub portf