Business Developments & Projects
NKT secures €500 million offshore wind contract
Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately €500 million in market prices. The contract will comprise
Yara joins forces with Enbridge for blue ammonia project in US
Yara Clean Ammonia, a subsidiary of Norwegian fertiliser company Yara International, and Enbridge, a Canadian pipeline and energy company, have signed of a letter of intent to jointly develop and construct a world scale low-carbon blue ammonia production facility as equal partners. According to Yara
Keel laid for LNG-powered Disney Treasure
German shipyard Meyer Werft has laid keel for Disney Treasure, the second LNG-powered cruise ship it is building for US-based Disney Cruise Line. According to Meyer Werft, the keel laying ceremony took place on 31 March to celebrate the start of hull assembly for the new cruise ship by placing the f
HHI chooses Wärtsilä cargo handling and fuel gas supply systems for VLECs
Finnish technology group Wärtsilä has been contracted by the Hyundai Heavy Industries (HHI) shipyard to supply the cargo handling and integrated fuel gas supply systems for very large ethane carrier (VLEC) vessels. The order, booked by Wärtsilä in Q1 2023, is for two VLECs being built for Japanese s
UK’s government puts power link to Morocco on energy security radar
The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr
WATCH: MF Hydra starts world’s first voyage on emission-free liquid hydrogen
MF Hydra, the world’s first liquid hydrogen-powered ferry operated by Norwegian company Norled, is breaking ground as it starts sailing on zero-emission hydrogen with a blessing from the Norwegian Maritime Authority. The ferry is put into operation today, 31 March, running on zero-emission hydrogen
DMEC’s chief steps down
The Dutch Marine Energy Centre (DMEC) has announced that its chief executive officer Britta Schaffmeister is leaving the organization.
EU reaches agreement on higher renewable energy target for 2030
The European Union has reached a provisional deal to raise the share of renewables in its final energy consumption to 42.5% by 2030, under the revision of the Renewable Energy Directive (RED).
17 companies embark upon GoodShipping’s insetting initiative
Seventeen companies are collaborating with shipping company Samskip to reduce carbon dioxide emissions by using sustainable biofuel to ship their products on board Samskip’s vessels. The initiative, called “insetting,” is promoted by GoodShipping, which provides the opportunity for shippers to trans
Four out of six companies awarded CO2 storage licenses offshore Norway
The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and
Hyundai Samho picks GTT tank design for three LNG carriers
French LNG containment specialist GTT has received an order from its partner the South Korean shipyard Hyundai Samho Heavy Industries for the tank design of three new LNG carriers (LNGCs) on behalf of an Asian ship-owner. GTT will design the tanks of the three vessels, which will each offer a total
Repsol prolongs platform supply vessel’s assignment
Golden Energy Offshore Services (GEOS) has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol.
Construction of Europe’s largest e-fuel facility to kick off in Sweden
FlagshipONE, the largest green electrofuel (e-fuel) facility in Europe with a final investment decision (FID) in place, will soon enter the construction phase. Swedish Liquid Wind, the original developer of the project, has revealed that the groundbreaking for the project will start on 24 May 2023 i
UK oil & gas player firming up farm-out talks with ‘well-funded industry heavyweight’
Jersey Oil & Gas plc is in the process of finalising a farm-out process with an undisclosed operator for an asset in the North Sea.