Business Developments & Projects
Eni and Sonatrach join forces to curb emissions and bolster energy security
Eni and Algeria’s Sonatrach have inked strategic agreements to accelerate the reduction of emissions and strengthen energy security.
Keel laid for Port of Amsterdam’s hydrogen ship
The keel laying ceremony of the Neo Orbis, a pilot ship for the H2Ships project, has been held at Dutch shipbuilding company Next Generation Shipyards, marking the start of the ship’s construction. H2Ships is the Interreg North-West Europe project that will demonstrate the technical and economic fea
Minesto strengthens tidal energy buildout plans for Faroe Islands
Swedish marine energy company Minesto and Faroese utility company SEV have renewed and expanded the collaboration agreement related to tidal energy buildout in the Faroe Islands.
PGS scores new seismic acquisition deal in Mediterranean
Petroleum Geo-Services (PGS) has secured a contract with an undisclosed international energy company to carry out a 3D exploration acquisition contract in the Mediterranean.
Eitzen takes majority stake in Høglund Marine Solutions
Oslo-based Eitzen Group has become a majority shareholder in Høglund Marine Solutions, a compatriot provider of sustainable automation and energy solutions for the maritime industry. Høglund designs and develops smart automation, energy, and digital solutions targeting the optimization of vessels’ o
Carnegie and HPE extend collaboration on wave energy tech
Carnegie Clean Energy and Hewlett Packard Enterprise (HPE) have extended their collaboration agreement and will continue to work together on innovations in the wave energy sector for another two years.
HEH preparing Stade LNG terminal to receive Dynagas FSRU next winter
The construction of the new jetty for liquefied gases has officially begun in Stade, Germany, to receive one of the five floating storage and regasification units (FSRUs) chartered by the federal government. According to Hanseatic Energy Hub (HEH), the construction of the new jetty started on 20 Jan
Sanctions aftermath: India emerges as top buyer of Russia’s seaborne crude
India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. Exports to India increased from virtually nothing prior to Russia’s invasion of Ukraine to 1.2 Mb/d in November last year, according to Poten & P
Liquid Wind to set up third electrofuel facility for maritime sector
Swedish green electrofuel developer Liquid Wind has revealed its plan to establish the country’s third electrofuel facility for the maritime sector, following similar FlahshipONE and FlagshipTWO projects. For this purpose, Liquid Wind, in partnership with Umeå Energi, carried out a feasibility study
Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms
Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close
In focus: Energy transition caught between cooperation and fragmentation
The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect
Fugro plots first remotely operated autonomous offshore wind farm inspection
Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to con
U.S. fines two Greek-based shipping companies
Greece-based shipping companies Empire Bulkers Limited and Joanna Maritime Limited were ordered to pay $2 million ($1 million each) over violations of pollution acts in the U.S. The two companies were convicted for knowing and willful violations of the Act to Prevent Pollution from Ships (APPS) and
Germany welcomes floating LNG terminal Hoegh Gannet
Höegh LNG’s floating liquefied natural gas (LNG) terminal Hoegh Gannet has arrived at Brunsbüttel’s Elbehafen port near Hamburg, Germany to increase German liquid gas import capacity. RWE, which is responsible for filling the FSRU with LNG, together with companies Uniper and EnBW, said that in the n