Business Developments & Projects
Equinor: Injury frequency on the rise despite no oil & gas leaks and major incidents
Equinor has provided its safety results for the first quarter of 2023, showing no serious accidents and oil and gas leaks on record.
Vattenfall taps Hellenic Cables for 4.2 GW Norfolk offshore wind zone
Hellenic Cables has signed an agreement with the Swedish energy company Vattenfall to supply inter-array cables for the Norfolk Offshore Wind Zone in the UK. Under the agreement, the Greek cable manufacturer will provide approximately 850 kilometres of aluminium cables which will be used to connect
JV for large-scale LPG and bulk liquids export terminal launches in Canada
Dutch tank storage company Royal Vopak and North American energy infrastructure company AltaGas have announced the execution of definitive agreements for a new 50/50 joint venture (JV) to further evaluate the development of the Ridley Island Energy Export Facility (REEF), a large-scale liquefied pet
‘World’s longest HVDC cable project’ backed with £30 million funding
Xlinks has secured £30 million in funding for the development of what is described as the world’s longest HVDC subsea cable that will link Morocco to the UK. In the early development funding round, £25 million comes from Abu Dhabi National Energy Company PJSC (TAQA) and £5 million from energy techno
Hurricane sees takeover bid as ‘fair and reasonable’
Hurricane has advised its shareholders that the terms of the takeover offer, which were received from Prax, are in their best interest.
Capital Gas, Euronav, and Maran Tankers lead the pack as last week’s tanker orders hit 17
Newbuild ordering in the tanker industry is picking up momentum with 17 new tanker orders placed last week, shipbroking reports show. Several big industry names make up the list of buyers, including Euronav, Maran Tankers, and Capital Gas, signaling renewed confidence in the industry’s future. The o
Inseanergy goes public with its fundraising campaign
Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has opened a fundraising campaign, targeting €855,000 to further advance its business.
Offshore Energy at WindEurope: UK-Netherlands multi-purpose interconnector launches (Video)
UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w
TotalEnergies and MSC refuel LNG-powered MSC World Europa in their first bunkering operation in Marseille
TotalEnergies Marine Fuels, a bunkering unit of French energy giant TotalEnergies, and the Cruise Divison of MSC Group have completed the first LNG bunkering operation at the Port of Marseille Fos in Southern France for the MSC World Europa cruise ship. LNG-powered MSC World Europa was delivered to
Energy companies unite to form hydrogen value chain in Germany
The companies BP, Gasunie, Nowega, NWO, Salzgitter, Thyssengas, and Uniper are connecting their hydrogen projects in north-west Germany to network Wilhelmshaven as a future location for hydrogen import and production with the industrial consumption centres in North Rhine-Westphalia and Lower Saxony.
Norwegian oil & gas player ready to spud North Sea wildcat
DNO has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Aker BP all set to kick off drilling ops in North Sea with Saipem rig
Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Nexans secures loan guarantees for UK export cable contract
Nexans Norway has secured NOK 2 billion (around £155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coast
Grimaldi picks Leclanché battery systems for two more hybrid RoRo ships
Italian operator of roll-on/roll-off (RoRo) ferries Grimaldi Group has selected Swiss energy storage solutions company Leclanché to supply battery systems for two of its latest hybrid vessels. Leclanché will supply lithium-ion (Li-ion) battery systems for the tenth and eleventh vessels (both 5 MWh e