Business Developments & Projects
Odfjell Drilling secures more North Sea work for its rig
Odfjell Drilling has inked two letters of intent with an undisclosed client for one of its rigs to carry out drilling activities in the North Sea.
HyEkoTank project moves forward as partners discuss procedures
HyEkoTank project partners have discussed the procedures that the consortium will follow during the project’s implementation period as well as the work to be carried out in the upcoming period. The consortium includes TECO 2030 AS, Shell International Exploration and Production Bv, Fartygskonstrukti
MEYER Group gives a glimpse of future fossil fuel-free cruise ships
MEYER Group, an international consortium specializing in cruise shipbuilding, has presented a cruise ship concept that manages without fossil fuels. MEYER presented the “Reverse” concept – a concept that shows what a cruise ship could look like in the year 2100 – at the global cruise trade fair in F
IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix
New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.
Norden teams up with Spar Shipping on biofuel, acquires Capesize vessels
The end of March has been eventful for Norden as it partnered up with Spar Shipping on the use of biofuel and acquired Capesize vessels to improve its portfolio of freight service solutions towards its dry-segment customers. Norden and Spar Shipping, both Danish companies, have bunkered approximatel
Eni creates new venture to enhance pipeline monitoring technology
Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. The establishment of the new venture comes as Eni wishes to enhance the market value of its proprietary technology call
Ocean energy public financing must create ‘pull’ for investors, new IRENA-OEE report says
A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.
Zoning plan for Gen2 Energy’s hydrogen facility in Mosjøen gets approved
The municipal council in Vefsn municipality has approved the detailed zoning plan for Gen2 Energy’s hydrogen facility in Mosjøen, Norway. Gen2 Energy, a Norwegian green hydrogen company, said the zoning plan provides the opportunity to realise a production plant with a capacity of up to 100 MW and i
Ocean Harvesting set to demonstrate enhanced InfinityWEC performance
Swedish company Ocean Harvesting Technologies has teamed up with experts in model-based predictive control to increase the performance of InfinityWEC in the upcoming sea trials.
Elenger brings two shiploads of LNG to port of Klaipeda in March
Estonian energy group Elenger has reported that, on its order, two LNG cargoes arrived at the port of Klaipeda from Norway in March, one on the tanker Arctic Aurora and the other on the tanker Arctic Princess. Elenger has booked terminal capacity to bring 10 LNG cargoes until the fall of this year.
UK: Eight CCUS projects proceed to negotiations for support
The UK Government has selected eight successful bidders in the second phase of the carbon capture, utilization and storage (CCUS) cluster sequencing process to proceed to negotiations for support through relevant business models. Following the selection of HyNet and East Coast Cluster as Track-1 CCU
DSME cuts steel for GasLog’s 174,000 cbm LNG carrier
Construction of LNG carriers for Greek LNG shipping services provider GasLog has started at Daewoo Shipbuilding & Marine Engineering (DSME) Shipyard in Geoje, South Korea. According to GasLog’s social media update, the construction began with the steel cutting of 174,000 cbm LNG carrier, Hull No. 25
Fourth well in Black Sea drilling campaign comes online
Trillion Energy has put the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye into production.
On a mission to boost North Sea production, UK moves to address delays in buying and selling of oil & gas assets
The NSTA has put the wheels into motion to speed up North Sea oil and gas production by proposing the removal of barriers to investment.