Business Developments & Projects
History written offshore Denmark: First CO2 storage in the North Sea
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Steel-cutting ceremony marks construction of zero-carbon ready Aurora-class vessels
Norwegian shipping company Höegh Autoliners has announced that after many months of planning, designing, and preparing, the construction of its first Aurora-class vessel commenced. Leaders and representatives from Höegh Autoliners, DNV, Deltamarin, Clarksons, and China Merchants Heavy Industry (CMHI
Performance Shipping orders LNG-ready LR2 Aframax
Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo
Two North Sea wells lined up for Equinor
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
Wave energy device set to light up seafront of Valencia
A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.
Conversion to methanol: The engine is the easy part
Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has
Fund application to kickstart Dutch electrolyser manufacturing industry
The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has submitted a plan to Dutch MPs Bontenbal, Boucke, and Erkens to kickstart the electrolyser manufacturing industry and thus accelerate the hydrogen economy. According to the Port of Rotterdam, the plan, which ensures that the
Belgian partners present new offshore solar technology
Jan De Nul, Tractebel, and DEME have jointly developed a new offshore floating solar technology, said to be capable of operating in harsh marine conditions and in combination with offshore wind farms.
Kraken Robotics and N-Sea working together in the North Sea
Kraken Robotics is set to support N-Sea with cable burial survey services during cable inspection and remedial burial campaign for an interconnecting power cable asset in the North Sea. Kraken Robotics has mobilized its 3D acoustic Sub-Bottom Imager (SBI) survey sensor to a vessel under the control
Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.
LNG-powered Sun Princess hits the water at Fincantieri
Italian shipbuilder Fincantieri has launched Sun Princess at its yard in Monfalcone, the first of two LNG-powered cruise ships being built for Princess Cruises, an American cruise line owned by Carnival Corporation. With 175,500 gross tons, Sun Princess is the largest ship built in Italy so far, as
Wave energy to play instrumental role in heavy industry decarbonization, study finds
A new study has revealed that wave energy can play an instrumental role in the decarbonization of the steel manufacturing industry, which accounts for around 7% of global greenhouse emissions.
Breeze acquires Bulgarian engineering firm to back net-zero projects
Norwegian company Breeze Ship Design has acquired Varshyp Design in Varna, Bulgaria, an engineering firm specialized in all fields required for ship design, marine engineering and marine consultancy.
Plug Power to design electrolyser tech for Uniper’s H2Maasvlakte project
German energy company Uniper has selected Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, to design the electrolyser technology for Uniper’s H2Maasvlakte project at the Port of Rotterdam. Under the agreement, Plug is expected to deliver 10 prefabricated PE