Business Developments & Projects
Port of Antwerp-Bruges sees its very first methanol bunkering
Belgium’s Port of Antwerp-Bruges has witnessed its very first methanol bunkering on its journey to becoming a multi-fuel port. This first methanol bunkering operation took place on 1 June when 475 mT of methanol was bunkered from barge Tamariva to Proman Stena Marine at Sea-invest’s terminal. Proman
Congo and Technip Energies ink energy cooperation agreement
Congo’s Ministry of Hydrocarbons and Technip Energies, an engineering and technology company, have signed an agreement on cooperation in the fields of offshore and onshore energy developments. As per the terms of the agreement, Technip Energies is expected to provide its expertise to strengthen both
CorPower and WavEC deliver environmental monitoring program for HiWave-5
Swedish company CorPower Ocean is collaborating with Portugal-based WavEC Offshore Renewables to deliver an environmental monitoring program with the goal of verifying the environmental impact of its wave energy technology. Phase one which included underwater noise baseline campaigns has been conclu
Northern Lights CCS project in full swing with all CO2 storage tanks installed
All twelve CO2 storage tanks for the Northern Lights carbon capture and storage (CCS) project, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, have been installed at the project’s CO2-receiving facilities in Øygarden, Norway. Northern Lights JV revealed the construction miles
BW Epic Kosan nabs 1st sustainability-linked loan
Singapore-based ship owner and operator BW Epic Kosan has secured its first sustainability-linked loan, valued at up to $140 million. The company plans to use the loan to refinance 19 vessels, while an additional acquisition line of $20 million will support potential growth opportunities. The loan i
Ship set to sail on world’s first zero-emissions cruise voyage delivered
French shipbuilder Chantiers de l’Atlantique has delivered MSC Euribia, MSC Cruises’ second cruise ship to run on liquefied natural gas (LNG).
Capacity of planned UK-France interconnector reduced to 1,250 MW
Developers of the FAB interconnector that will link Great Britain and France are planning to submit an updated planning application regarding the project’s converter station in the UK. FAB Link Limited and Réseau de Transport d’Électricité (RTE) have amended the design of the project from a capacity
Denmark and Germany sign Bornholm Energy Island agreement, first legally binding cooperation on joint offshore renewable energy project in EU
German Federal Minister for Economic Affairs and Climate Action, Robert Habeck, and Danish Minister for Climate, Energy and Utilities, Lars Aagaard, have signed an agreement for the Bornholm Energy Island in the Baltic Sea. This is the first legally binding cooperation agreement in Europe on a joint
Enagás joins Hanseatic Energy Hub as industrial partner and co-shareholder
Hanseatic Energy Hub (HEH) has selected Enagás, the Spanish transmission system operator (TSO), as its industrial partner for the operation of the liquefied gases terminal in Stade, Germany. Enagás joined the HEH as an industrial partner and co-shareholder with a 10% stake, subject to compliance wit
Norwegian partners extend cooperation on subsea production systems
Aker Solutions has signed a frame agreement extension with Aker BP under which it will provide subsea production systems to the company’s projects on the Norwegian continental shelf (NCS) until 2029. The agreement may also cover assistance to Aker BP for feasibility studies and concept developments,
Ireland and Germany formalise cooperation on green hydrogen
The Irish Department of the Environment, Climate and Communications and the German Federal Research Ministry have signed a Joint Declaration of Intent (JDoI) on cooperation in the field of green hydrogen. The Irish Department said that realising the full potential of offshore renewable energy resour
More gas flows from Black Sea field as fifth well in ongoing drilling campaign comes on stream
Trillion Energy has brought online the fifth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?
The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.
Subsea 7 to explore pairing floating offshore hydrogen with floating wind farm off Scotland
Subsea 7, in collaboration with OneSea Energy, has secured £150,000 (around $187,000) in funding from the Scottish government to investigate pairing a large-scale floating hydrogen production system with a floating wind farm offshore Scotland. The funding was awarded as part of the Hydrogen Innovati