Business Developments & Projects
Havkraft forms partnership to bring wave energy to Oman
Norwegian company Havkraft has teamed up with a consultancy Translucidus to develop wave energy projects in Oman.
OWC wins work on PGE and Ørsted’s Polish offshore wind farm
Offshore Wind Consultants (OWC) has won a tender to provide support on the geotechnical detailed design investigation for the 1.5 GW Baltica 2 offshore wind farm (BAL02), located in the Polish part of the Baltic Sea. The contract was awarded by Elektrownia Wiatrowa Baltica 2 sp z o.o. OWC will act a
Subsea orders uplift TechnipFMC’s backlog to $9.4 billion
TechnipFMC has reported full-year inbound orders of $8.1 billion for 2022, a 20 per cent increase compared to 2021, said to be driven by $6.7 billion in orders from the Subsea segment. In Q4 2022, the total company revenue was $1,694.4 million, with an adjusted EBITDA, which excludes pre-tax charges
Essar launches EET to drive energy transition in UK and India
Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon
Shell to provide LNG for Hapag-Lloyd’s 23,500+ TEU newbuilds
German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi
Beihai Shipbuilding cuts steel for CMB’s ammonia-ready bulker
CSSC Qingdao Beihai Shipbuilding has launched the construction of CMB’s ammonia-ready 210,000 dwt bulk carrier. The Capesize bulker is part of a contract the Belgian shipowner signed with the shipyard in January last year. The deal was described as the world’s first order for ammonia-ready Capesize
Northern European partners hand in application for CO2 storage off Norway
Neptune Energy, Sval Energi and Storegga have submitted an application for a CO2 storage project in the Norwegian North Sea which has the potential to store up to 225 million tonnes of CO2. The application was submitted to the Norwegian Ministry of Petroleum and Energy following the announcement of
SFC Energy and FC TecNrgy sign hydrogen and methanol agreement
SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa
Green Ray project targeting methane slip from LNG-fuelled engines wins EU backing
The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r
Seven electricity interconnectors pass to next stage of Ofgem’s cap and floor window
UK energy market regulator Ofgem has decided that all electricity interconnector projects that submitted applications in its third cap and floor window will progress to the next phase. This third window was opened for electricity interconnectors able to start operations before the end of 2032 and th
In Focus: Lowering the environmental footprint of the offshore energy sector
Lowering the environmental footprint of the offshore energy sector – a key concern in the 21st century – plays a huge role in combating the climate change. Energy efficiency, carbon storage, renewable energies and alternative fuels are just some of the ways to tackle this problem. A few of the lates
Avenir LNG in Germany’s first LNG ship-to-truck unloading operation
UK-based small-scale LNG company Avenir LNG has conducted Germany’s first direct LNG unloading operation from a transport vessel into trucks. The operation took place on 22-23 February in the Port of Mukran where the small-scale LNG transport vessel Avenir Ascension unloaded LNG directly into transp
Saipem turns to biofuels for its drilling and construction fleet
Saipem is pooling resources with Eni to add renewable fuels to its arsenal, which would be used for its drilling and construction vessels.
Vertex to supply over 1,000 MW of hydrogen to decarbonise UK industries
Energy company Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000 MW of low-carbon hydrogen to industrial names in the UK. Currently, the company is developing the UK’s first large-scale low-carbon hydrogen production hub at Essar