Business Developments & Projects
MSC reaches another California oil spill settlement
Swiss-based container shipping major MSC Mediterranean Shipping Company has accepted to enter into a settlement agreement with Amplify Energy Corp. and its affiliated entities in connection with the 2021 Orange County pipeline oil spill.
Bloom Energy fuel cells demonstrate increase in efficiency in first major marine deployment
Bloom Energy, a US-based green energy company, has revealed that, in the first major marine deployment, its fuel cells demonstrated a significant increase in electrical efficiency. The 150kW solid oxide fuel cell platform provided auxiliary power to the luxury cruise ship called MSC World Europa whi
Petrofac extends collaboration with Scottish repair and inspection solutions provider
Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe
Aker BP’s North Sea well comes up dry
Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.
Conversion works on Greece’s first FSRU start at Keppel shipyard
Conversion of GasLog’s DNV-classed LNG carrier Gaslog Chelsea, which was recently renamed as Alexandroupolis, to a floating storage regasification unit (FSRU) has kicked off at the Keppel shipyard in Singapore. This marks the beginning of the work to develop Greece’s first FSRU which will serve as a
Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO
Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.
Flotation Energy, Vårgrønn take first permitting step for another oil & gas-powering floating wind farm
Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for b
Wilhelmshaven LNG terminal commences regular operations
Germany-based energy company Uniper has reported that, on 28 February 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal allowing for the start of regular operations as of 1 March 2023. The audit was made by the responsible authorities under the leadership of the Oldenburg
New partnership targets cutting costs of carbon capture and storage infrastructure
Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani
Klaipėda LNG terminal ends 2022 with increase in gas imports
The Ministry of Energy of the Republic of Lithuania has reported that in 2022, the amount of gas imported through the Klaipėda liquefied natural gas (LNG) terminal almost doubled. More specifically, 5 million cubic meters or 32.22 TWh of natural gas was delivered. The ministry also said that gas imp
With additional stake in five discoveries, Equinor bolsters North Sea position
Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).
EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies
The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.
Copenhagen Infrastructure Partners details involvement in European interconnector projects
After having been declared eligible for Ofgem’s third cap and floor window, Copenhagen Infrastructure Partners (CIP) revealed more information about its involvement in three interconnector projects in the North Sea. CIP announced on 28 February that it had acquired close to full ownership in a 4.2 G
Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV
DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.