Business Developments & Projects
Euronav names LNG-ready, scrubber-fitted VLCC duo
Belgium’s tanker shipping company Euronav has held a naming ceremony for two very large crude carriers (VLCCs) being built at South Korean shipyard Hyundai Samho Heavy Industries (HSHI).
Equinor all set to deploy Transocean rig at North Sea field
Equinor has received consent from Norway’s regulator to use one of Transocean’s semi-submersible rigs at a field in the North Sea.
WATCH: Shetlanders send a message in a bottle urging ‘sibling across the sea’ to stop massive oil & gas project
A group of Shetlanders have made a short film, asking Norway to stop the development of a giant oil field off the coast of Shetland.
RWE’s hydrogen project FUREC receives €108 million grant
EU Innovation Fund has granted €108 million to German RWE’s FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands. According to RWE, the EU funding marks a key milestone in advancing the project as FUREC will require an
Hellenic Cables initiates €80 million investment program
Greek cable manufacturer Hellenic Cables has launched an investment program of approximately €80 million over a two-year horizon in order to address the growing demand for electrification. The program includes a major expansion of the company’s subsea cable plant in Corinth that will double the prod
Norway’s oil & gas output goes up a notch in December
Norway recorded a slight increase in oil and gas production in December compared to the figures from November 2022.
Saipem collects $900 million in new contracts
Italian oilfield services provider Saipem has secured two contracts, one in Brazil and one in Norway, for a total amount of approximately $900 million. The first contract was secured with TotalEnergies in partnership with Aker Solutions do Brasil for the Lapa South-West development project, a deepwa
Value Maritime nets 1st Filtree System order for newbuild boxship quartet
UK shipping company Purus Marine and German firm Nordic Hamburg have placed an order with Dutch tech supplier Value Maritime for four emissions-reducing Filtree Systems to be installed on newly built containerships.
Clean Hydrogen Partnership launches €195M call for clean hydrogen technologies
Clean Hydrogen Joint Undertaking, also known as the Clean Hydrogen Partnership, has launched its 2023 call for proposals for the development of clean hydrogen technologies. The call was launched on 17 January with a total of €195 million to be made available for projects that support the creation of
ESL Shipping readies for delivery of 1st hybrid vessel
The construction of ESL Shipping’s energy-efficient plug-in hybrid vessels at the Chowgule Shipyard in India is progressing according to schedule, the Finnish dry bulk shipping company said. Block assembly of the first two vessels, Electramar and Stellamar, is currently progressing in four parts: af
Noble jack-up rig ready to embark on its new gig in North Sea
Noble Corporation’s jack-up rig has left Port Esbjerg and is now ready to start working on a CO2 storage project in the Danish North Sea.
Photos: DSME splashes Hapag-Lloyd’s LNG-powered 23,660 TEU giant
A colossal containership has hit the waters at Daewoo Shipbuilding and Marine Engineering (DSME) yard in Geoje, South Korea. The 23,660 TEU vessel goes under the name Baltic Express and it is being built for the German liner shipping major Hapag-Lloyd. Berlin Express is an LNG dual-fuel containershi
Snam to pour €10 billion by 2026 in Italy’s gas security
Italy’s energy infrastructure operator Snam has revealed its plans to invest a total of €10 billion ($10.8 billion) by 2026 in strengthening its transport, storage and LNG business to contribute to the country’s energy security. The investment is part of Snam’s 2022-2026 Strategy Plan, which was app
Höegh LNG and Germany firm up second 10-year FSRU charter deal
Norwegian shipowner Höegh LNG has signed its second binding time charter contract with the German Federal Ministry for Economic Affairs and Climate Action (BMWK) for the floating storage and regasification unit (FSRU). Under the 10-year contract, FSRU Höegh Gannet will be allocated to the new liquef