Business Developments & Projects
Another North Sea well comes up dry
Equinor has completed the drilling of a wildcat well near the Troll field in the Norwegian sector of the North Sea but failed to find hydrocarbons.
OCI to fuel Maersk’s 1st green methanol-powered feeder
Dutch producer and distributor of hydrogen-based products OCI Global is fueling the first-ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI revealed that it will provide ISCC-certified green biomethanol to power the maiden voyage of Maersk’s first methanol
Lhyfe, Capital Energy eye green hydrogen opportunities offshore Iberian Peninsula
Lhyfe and Capital Energy have signed a collaboration agreement for the joint development of offshore renewable hydrogen projects in Spain and Portugal. Under the agreement, the two companies will work together to create hydrogen production sites at some of the offshore wind farm sites currently bein
Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets
Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.
Alderney invites bids for new tidal energy projects
The government of Alderney has invited global tidal energy developers to submit proposals on how they would harness the estimated 3GW of tidal energy resources around the northernmost Channel island.
EEC expresses interest in recycling FSO Safer as salvage operation moves forward
Netherlands-based Elegant Exit Company (EEC), which specializes in the sustainable recycling of veteran ships by converting them into green steel, has voiced interest in recycling FSO Safer. The rapidly decaying supertanker is at the center of a United Nations-led mission worth over $100 million to
Equinor taps Aker Solutions for ‘first, umbilical-less TH installation’
Norway’s state-owned energy giant Equinor has awarded compatriot Aker Solutions with a contract for the first delivery of its Submersible Wireless Installer for Tubing (SWIFT). According to Aker Solutions, the advantage of SWIFT includes OPEX and carbon-footprint savings for operators by providing u
French company becomes GW-scale floating solar player
France-based company Ciel & Terre has exceeded 1.5GWp of floating solar projects in its pipeline, claiming the world-record for the company with the most floating solar plants constructed in the world.
Clarksons: 48% of orderbook embracing alternative fuels with 191 ships ammonia-ready
A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo
Minesto hits a snag with Dragon 4 tidal energy kite’s offshore trials
Swedish company Minesto has retrieved its Dragon 4 tidal energy unit in Faroe Islands, amid interruption of electricity production during tests in Vesmanna.
Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation
Norwegian offshore vessel owner Island Offshore has secured a contract to support the installation of a new gas pipeline in the Mediterranean. The company’s deep-water installation vessel Island Victory will carry out the installation of a complete mooring spread for a floating storage regasificatio
CRIMSON tidal energy project enters next phase
The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.
JERA, EnBW and VNG looking into ammonia cracker demonstration plant in Rostock
Japanese energy company JERA and its two German counterparts EnBW and VNG have teamed up to study the feasibility of constructing an ammonia cracker demonstration plant. To this end, the parties signed a memorandum of understanding (MoU) to jointly examine the feasibility of the construction of a de
Drilling ops kick off at sixth well in Black Sea drilling campaign
Trillion Energy has spudded the sixth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.