Business Developments & Projects

Three players pursuing floating offshore wind opportunities at Barents Sea oil field
Vår Energi has entered into a collaboration with Odfjell Oceanwind and Source Galileo to explore floating offshore wind in the Barents Sea.

Is gas paving the way for the hydrogen revolution?
In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

UK company looking into OTEC plants for Turks and Caicos Islands
Global OTEC has started talks with the government officials of Turks and Caicos Islands regarding the possible installation of an ocean thermal energy conversion (OTEC) plant for clean energy generation.

Eni launches Congo LNG project
Italian oil and gas company Eni has inaugurated the Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s supply diversification initiatives. The President of the Republic of the Congo Denis Sassou Nguesso and the CEO of Eni Claudio Descalzi laid the foundation stone at th

Verlume secures over €8M to boost expansion plans
Scottish intelligent energy management and storage technologies specialist Verlume has secured €8.1 million for business scale-up and development of larger projects.

Holland Shipyards starts working on second hydrogen-driven vessel retrofit for FPS
Dutch shipbuilder Holland Shipyards Group has started working on the second hydrogen-driven vessel retrofit for compatriot marine transportation service provider Future Proof Shipping (FPS). With the first vessel FPS Maas in the final phase of retrofit, the shipbuilder has now begun works on the ret

EnBW doubles booking for LNG import in Stade terminal
After booking import rights for three billion cubic metres of LNG on a long-term basis via the Hanseatic Energy Hub in Stade in December 2022, German energy company EnBW has now secured a further three billion cubic metres, thus doubling its future import capacity. The company noted that all booking

Well-Safe semi-sub rig sports saturation diving system
Aberdeen-based decommissioning services provider Well-Safe Solutions has installed a saturation diving system on board its semi-submersible rig, which is now said to be the only one of its type in the North Sea with this capability. The custom-built dive spread installed on Well-Safe Guardian has a

Is the EU on the cusp of grabbing methane by the horns or will it let these emissions slip through the cracks?
The EU is preparing to cast its vote on the first methane emissions regulation, which could help lower methane in the oil and gas sector.

Exowave partners up with turbine technology supplier
Danish clean energy start-up Exowave has signed cooperation agreement with Gugler Water Turbines for a wave energy project planned for Danish North Sea.

OCI and Petrofac to deliver gasification-based green methanol programme
OCI Global, a producer and distributor of nitrogen, methanol, and hydrogen products, and Petrofac, a service provider to the energy industry, have entered a partnership to deliver OCI’s programme of gasification-based green methanol projects. According to Petrofac, the programme will support the pro

Yara and VNG plan close collaboration on clean ammonia in Germany
Yara Clean Ammonia, a subsidiary of Norwegian fertiliser company Yara International, is joining forces with Leipzig-based gas company VNG in the field of clean ammonia that will actively support the implementation plans outlined in the German Hydrogen Strategy. To this end, the companies signed an o

Fugro performs world’s first fully remote offshore wind farm inspection
Fugro has completed what is said to be the world’s first fully remote ROV inspection of an offshore wind farm using its Blue Essence uncrewed surface vessel (USV). The operations were carried out at the Aberdeen offshore wind farm in the North Sea, also known as the European Offshore Wind Deployment

Oceans of Energy to build offshore solar array at Hollandse Kust Noord offshore wind park
Oceans of Energy has been awarded the contract for installing and operating offshore solar farm inside the Hollandse Kust Noord offshore wind park being developed by CrossWind, a joint-venture between Shell and Eneco.