Business Developments & Projects
First LNG cargo arrives in Piombino regasification facility
Italy’s oil and gas company Eni has begun offloading the first LNG cargo into Snam’s (Italy’s energy company) new regasification terminal in Piombino. The LNG was produced at Egypt’s Damietta liquefaction plant, one of the facilities where Eni made investments. Eni stated it acquired regasification
NKT picks up €600M contract for Spain-France interconnector
NKT has secured a final order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector, with an order value exceeding €600 million.
Provaris, Norwegian Hydrogen finalise pre-feasibility study on H2 export
Australian Provaris Energy and Norwegian Hydrogen AS have completed a pre-feasibility study on hydrogen export, demonstrating the potential for low-cost delivery of green hydrogen from Norway to Europe, commencing in 2027. According to Provaris, a preferred site in Norway has been identified for the
ABB joins offshore wind-to-hydrogen project in Sweden
ABB has announced that it will collaborate with Lhyfe and Skyborn to jointly realise and optimise SoutH2Port renewable hydrogen project located in Sweden. Together with Lhyfe and Skyborn, ABB will drive large-scale integration of the production of offshore wind renewable energy hydrogen into the ene
In focus: Step by step towards the clean energy transition
Once again we have witnessed a busy week with many exciting developments in the renewable and clean energy sector, including the multi-billion-euro TenneT offshore power cable deals. Supporting energy transition in Europe, TenneT awarded NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Den
Shell scores high against backdrop of lower oil & gas prices while ConocoPhillips’ earnings take a hit
Two oil majors, Shell and ConocoPhillips, have joined their peers in posting 1Q 2023 results, which were hampered by lower oil & gas prices.
HGK Shipping signs MoU on hydrogen tech, christens new chemical tankers
HGK Shipping, Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) with the goal to develop a scalable solution to make hydrogen available as a source of energy on a large scale. According to HGK, the technology is based on hydrogen, which is
Newly developed monitoring technology for CO2 storage in North Sea proves successful
The consortium partners behind the Project Greensand have developed a new monitoring technology that has successfully monitored that the stored CO2 in the North Sea subsoil is at the right location.
LNG-powered Icon of the Seas gearing up for sea trials
Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel, is scheduled to commence sea trials in mid-June. According to Meyer Turku, the shipbuilder of what is expected to be the world’s largest and most technically advanced cruise ship, the construction is progressing at a
Ashtead Technology signs rental agreement for Orphie systems
International subsea rental equipment and solutions specialist Ashtead Technology has signed an exclusive rental agreement with France-based i2S, specialists in underwater robotics and imaging solutions.
Ammonia cracker method feasible for large-scale H2 imports, study says
A study, made by Fluor and commissioned by the Port of Rotterdam Authority and 17 other companies, has shown that it is technically and economically feasible to safely convert ammonia into 1 million tons of hydrogen (H2) per year using a large-scale cracker. The Rotterdam port informed that the stud
Crestwing’s wave energy device set for streamlining at Aalborg University
Danish company Crestwing has made progress in advancing its wave energy technology as part of a collaborative project funded by the Danish government’s Energy Technology Development and Demonstration Program (EUDP).
Germany, Denmark probe market for Bornholm Energy Island cable connection(s)
Energinet and 50Hertz have issued a periodic indicative notice to carry out a market investigation on the planned procurement of cable systems regarding the Bornholm Energy Island (BEI) project for establishing the required cable connections from/to Bornholm. This market investigation is a process t
Equinox Ocean Turbines embarks on €3.3 million fundraising campaign
Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business.