Business Developments & Projects
TECO 2030, Shell, and partners launch HyEkoTank project
TECO 2030, Shell, and consortium partners have started the HyEkoTank project which has been awarded a €5 million grant under the European funding scheme HORIZON EUROPE. The project started on 1 February and is planned to last for 3 years, with the ultimate goal of eliminating emissions during voyage
Shell’s UK prospect seen as one of North Sea’s ‘largest natural gas discoveries’ in over a decade
Shell has completed flow test results for the Pensacola well in the North Sea, which is said to have opened a new Zechstein play in this mature basin.
‘Performing while transforming’ pays off for BP as it joins other oil majors in profit bonanza
After BP more than doubled its annual profit in 2022 on the back of high oil and gas prices, the oil major is now caught in environmentalists’ crosshairs.
So many floating wind designs, so few test sites – Norwegian METCentre sold out
There are currently more than 80 floating wind technology concepts and designs worldwide, and testing even a certain number of these could prove to be an endeavour since, at least in Europe, there are not many test sites dedicated to floating wind technology. This is according to a discussion during
Uniper to negotiate green ammonia offtake from India’s Kakinada
German-based energy company Uniper and Greenko ZeroC Private Limited, a subsidiary of India’s Greenko Group, have signed a Memorandum of Understanding (MoU) and Heads of Terms for Uniper to enter into exclusive negotiations for the offtake of green ammonia from Phase 1 of Greenko ZeroC’s ammonia pro
Wärtsilä, Berge Bulk wrap up maritime industry’s first inline shaft generator retrofit
The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk. The company said that this was the marine industry’s ‘first-ever shaft generator retrofit.” The retrofit is expected to im
WSM, Affinity Shipping to establish 1st EU ETS compliance company
Norwegian shipping company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the European Union Emission Trading System (EU ETS).
OEUK: Calls for UK windfall tax on oil & gas player’s global profits ‘deliberately misleading’
Offshore Energies UK (OEUK) has warned that the calls for new windfall taxes on energy producers’ global profits are misleading.
Shell hires PXGEO for seismic work
Marine geophysical services provider PXGEO has entered into an agreement with oil company Shell to provide seismic acquisition services.
Frontline says emergency arbitrator dimissed all Euronav’s claims
Norwegian tanker shipping heavyweight Frontline announced that the Emergency Arbitration claims filed by its Belgian counterpart Euronav have been fully dismissed by the Emergency Arbitrator. “The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Fro
Aker Solutions confirms contract for Norwegian Sea electrification project
Aker Solutions has signed a contract with OKEA for the Draugen electrification project in the Norwegian Sea, following a Letter of Intent (LoI) from December 2022. Aker Solutions has been appointed as the main contractor for engineering, procurement, construction, and installation (EPCI) and the sco
Vopak and Port of Antwerp-Bruges set sights on new green energy hub at former Gunvor site
Dutch tank storage company Vopak has decided to acquire the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, and gain access to the Gunvor concession in the Antwerp port area, with an aim to sustainably redevelop the site to support renewable energy. The site’s size is some 105
Monjasa teams up with HØST PtX Esbjerg on green ammonia
Danish marine fuel supplier Monjasa and HØST PtX Esbjerg have signed a Commercial Collaboration Agreement (CCA) on logistics services and offtake of green ammonia for the maritime sector. Under the terms of the deal, Monjasa will provide logistics services that will enable the distribution of green
With two new offshore licenses, TotalEnergies to explore carbon storage potential in North Sea
French-headquartered energy giant TotalEnergies has been awarded two offshore licenses to explore CO2 storage potential in the Danish North Sea.