Business Developments & Projects
Rystad: As decarbonisation kicks into high gear, peak in fossil fuel emissions anticipated by 2025
Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.
DCSA’s members commit to 100 pct adoption of electronic bill of lading by 2030
Nine ocean carrier members of the Digital Container Shipping Association (DCSA) have committed to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030. The bill of lading is one of the most important trade documents in container shipping. It functions as a document of
MSC inks biofuel deal with DB Schenker to reduce supply chain emissions
Swiss shipping giant Mediterranean Shipping Company (MSC) has signed an agreement with German freight forwarder DB Schenker for the use of 12,000 metric tons of biofuel components for all of DB Schenker’s consolidated cargo, less-than-container load (LCL), full-container-load (FCL) and refrigerated
European Commission approves Danish scheme for renewable hydrogen
Under European Union (EU) state aid rules, the European Commission has approved a €170 million Danish scheme to support the production of renewable hydrogen through Power-to-X (PtX) technologies. According to the Commission, the measure aims to contribute to the development of renewable hydrogen in
CMA CGM in talks to acquire La Méridionale
French container shipping major CMA CGM Group has entered into exclusive discussions with STEF Group to acquire 100% of La Méridionale, a mixed freight and passenger shipping company based in Marseille. “With this acquisition, CMA CGM Group wishes to pursue its development in the Mediterranean, whil
Wave of unrest across UK’s offshore energy sector grows with more workers to cast votes on strike action
Workers employed by Wood Group on TAQA platforms and Petrofac on one of Ithaca’s platforms are being balloted for strike action.
Nexans achieves ‘all-time-high’ performance, ramps up emissions reduction efforts
Nexans has reported an all-time high adjusted backlog of €3.5 billion for its Generation & Transmission business in 2022, an increase of 51 per cent compared to 2021, said to be pulled by the Celtic Interconnector project. In the “record financial year” for the French cable maker, Generation & Trans
Ocean Sun grows 2022 revenues
Norwegian floating solar company Ocean Sun has released financial results for 2022, marking a significant increase in revenues when compared to a year before.
Raizen links up with KCC to cut CO2 footprint by up to 40%
KCC Chartering AS, a subsidiary of Klaveness Combination Carriers (KCC), and Raizen, an integrated energy company, have signed a three-year contract of affreightment (COA) that aims to improve trading efficiency and reduce the carbon footprint by up to 40%.
Gasgrid advances Finland’s first hydrogen transmission network project
State-owned transmission system operator Gasgrid Finland is progressing its hydrogen transfer infrastructure demonstration project with a €9.5 million grant for project design and potential construction. The demonstration project aims to construct a pipeline to enable the hydrogen generated at Kemir
Spanish water utility sets sights on floating solar
Spain-based water utility Miya has expanded its activities to the renewables sector with the acquisition of a stake in Xfloat, an Israeli floating solar developer.
Low-carbon wind farm integrity monitoring solution gets financial push
A consortium comprising BeeX, Sulmara, and the University of Strathclyde has secured Enterprise Singapore – Innovate UK grant to develop a next-generation autonomous integrity inspection capability for offshore wind turbines. Autonomous robotics specialist BeeX, offshore survey and inspection specia
RWE’s Brunsbüttel terminal welcomes first LNG cargo from ADNOC
The partnership between German energy company RWE and the Abu Dhabi National Oil Company (ADNOC) for the supply of liquefied natural gas (LNG) has gained ground with the arrival of the first LNG cargo from ADNOC at the Brunsbüttel Elbehafen port, Germany. Here, the LNG will be regasified and fed int
TotalEnergies: Interest in Le Havre FSRU ‘significantly’ exceeds available capacity
TotalEnergies LNG Services France (TELSF), an affiliate of French energy major TotalEnergies, has concluded the market test launched for floating storage and regasification unit (FSRU) capacity in Le Havre, France. From 16 to 30 January, TELSF ran a non-binding call of interest for LNG import and re