Business Developments & Projects
Ports of Los Angeles, Gothenburg strengthen ties on digitalization and decarbonization
Officials from two of the world’s busiest ports, the Port of Los Angeles and the Port of Gothenburg, Sweden, have signed a Memorandum of Understanding (MOU) to strengthen their cooperation in a range of areas including sustainability, digital and physical infrastructure, and potential trade opportun
Gasum bolsters presence in the Netherlands for new opportunities in LNG maritime market
Nordic energy company Gasum is strengthening its presence in the ARA region by registering for business in the Netherlands through its Swedish entity Gasum AB. Gasum AB has been entered into the Dutch trade register in February this year. The company said that being registered as a legal entity in t
Solstad selling its PSV fleet to Tidewater for $577 million
Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are
Vessel scores its ‘first major drilling contract’
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has inked a deal for the Caspian Explorer drilling vessel, enabling it to undertake operations in the Caspian Sea.
Spanish, French and Portuguese TSOs to transform gas grid into hydrogen grid
The Spanish, French and Portuguese transmission system operators (TSOs) have signed an agreement to boost the transformation of the gas grid into a hydrogen grid. Namely, Spanish Enagás, Portuguese REN and French GRTgaz and Teréga are leading the initiative called Green2TSO which aims to transform t
Fugro and Gardline win Danish geotechnical survey deals
Fugro and Gardline have been awarded a contract to carry out preliminary geotechnical investigations for the future offshore wind farms in the Danish North Sea, Kattegat, and Danish Baltic Sea. The tender, which was published by the Danish transmission operator (TSO) Energinet, was divided into two
VoltH2 bags ‘substantial’ SDE++ operating subsidy for green hydrogen production
The Netherlands Enterprise Agency (RVO) and the Dutch Ministry of Economic Affairs and Climate Policy (EZK) have awarded VoltH2 a substantial operating subsidy for the Stimulation of Sustainable Energy Production and Climate Transition (SDE++) to support the production of green hydrogen. SDE++ is th
Hunter Group, DNV to develop CCS shipping solutions
Oslo-listed Hunter Group ASA and DNV classification society have entered into a joint cooperation agreement for the development of a low-pressure mid-stream shipping solution for Carbon Capture and Storage. The parties have agreed to work together to develop a 40-70K cbm liquified CO2 carrier with 2
Prysmian to use €120 million loan for innovation and digitalization
Italy’s cabling giant Prysmian has secured a €120 million loan from Italian investment bank Cassa Depositi e Prestiti (CDP) which will be invested in R&D for network upgrading purposes. The loan will be used to support R&D plans focused on the implementation of innovative technologies and contribute
Vesta hands out FEED deal for first green ammonia hub in North-West Europe
Dutch bulk liquid storage company Vesta Terminals has awarded a scoping & feasibility study and a subsequent front-end engineering design (FEED) contract to compatriot ammonia engineering firm Proton Ventures for repurposing of two 30,000 m3 ammonia tanks in Vlissingen. The contract is a part of Ves
Sener awards outer tank design contract for German LNG Terminal
TGE Gas Engineering and Technodyne International Limited have been awarded by Sener, a member of the SENER/COBRA consortium, a contract for the outer tank design for the LNG storage tanks for German LNG Terminal GmbH. TGE/Technodyne said that the design works for the two full-containment tanks, each
HAROPA PORT and SOGEPP ramping up biofuel distribution along the Seine Axis
Petroleum products management company SOGEPP (Société de Gestion de Produits Pétroliers) has collaborated with HAROPA PORT, France’s leading port, to boost river traffic to and from its facilities in Gennevilliers. SOGEPP operates a storage depot for liquid energy products on six hectares in Gennevi
Five companies in line for carbon storage acreage in Norway’s waters
The Norwegian Ministry of Petroleum and Energy has received applications from five companies seeking permits related to the injection and storage of CO2 on the Norwegian continental shelf (NCS). The area is located in the North Sea and was announced on 11 January in accordance with the storage regul
International offshore rig count takes a nosedive
Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.