Business Developments & Projects
Equinor and Engie press ahead with H2BE hydrogen project in Belgium
Norwegian energy giant Equinor and French utility company Engie have decided to sign a joint development agreement (JDA) to progress their H2BE low-carbon hydrogen project to the next phase. Equinor and Engie first announced their 1 GW H2BE project, which aims to develop the production of low-carbon
Canadian player takes steps to gain more insight into Black Sea project’s gas potential
Canada’s oil and gas player Trillion Energy has kicked off its 3D seismic reprocessing project for a natural gas field in the Black Sea offshore Türkiye
EU’s Green Deal Industrial Plan sets the stage for faster green transition of shipping
The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie
WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023
Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the newbuild 50,000 dwt chemical/product medium-range (MR) tanker with LNG fuel-ready propulsion. On 27 January, Capital said it took delivery of the vessel named M/T Alkiviadis from Hyundai Vietnam Shipyard
Minesto looks to strengthen its financial position through rights issue
Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.
Lukoil hits production milestone in Caspian Sea
Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi
OCI, Unibarge to develop green methanol-fueled bunker barge
Dutch fuel producer OCI N.V. (OCI) has joined forces with compatriot barge operator Unibarge to develop Europe’s first dual-fuel bunker barge powered by green methanol.
OEUK calls for more action to help accelerate shift to low carbon energy
Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover
UK NSTA creates carbon transportation and storage team
In response to the rapid growth of the carbon capture and storage industry, UK’s North Sea Transition Authority (NSTA) has set up a dedicated carbon transportation and storage team. The team, which supplements NSTA’s established exploration and new ventures team, will oversee the delivery of offshor
KSOE lands colossal order for 12 methanol-powered boxships
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor
ForestWave takes over Symphony Shipping and its Ecobox fleet
Groningen-based shipping company ForestWave has completed the acquisition of Symphony Shipping and its fleet of eight Ecobox vessels. The transaction pushes its owned fleet to 24 units with a total of 248.197 dwat, including three newbuilding vessels that will be delivered in the next two years. One
PSV to undergo conversion to back subsea and decommissioning activities
Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore
Maersk-chartered Maersk Biscayne departs from Yanzgijiang
Chinese shipbuilder Jiangsu New Yangzi Shipbuilding has delivered Maersk Biscayne to Japanese Lepta Shipping, a joint venture between Nissen Kaiun and Mitsui & Co. The 3,500 TEU newbuilding containership is intended for a charter for Danish container shipping major Maersk. The vessel is believed to
Authorization procedure launches for new Adriatic link
Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub