Business Developments & Projects
ACWA Power and European electricity supplier shake hands on green hydrogen projects
Saudi developer of green hydrogen projects ACWA Power has finalised a partnership agreement with Austria’s electricity company Verbund to jointly explore the potential development of green hydrogen projects in the Middle East region. The companies signed a memorandum of understanding (MoU) during th
Well test results at North Sea gas project ‘unexpected and disappointing’
IOG may need to go back to the drawing board to formulate a new plan for the production from the Southwark field in the North Sea.
FEED services provider wanted for Dutch CO2 storage project
TotalEnergies EP Nederland has issued a tender searching for a provider of the front-end engineering and design (FEED) of the trunkline for the Aramis CO2 storage project. The Aramis project is a cooperation initiative between EBN, Gasunie, Shell and TotalEnergies to explore the joint development of
AKVA Group, Inseanergy team up to decarbonize aquaculture using floating solar
AKVA Group and Norwegian floating solar company Inseanergy have signed a letter of intent for the supply and integration of green energy solutions to the aquaculture industry.
GTT nets LNGC and VLECs tank design orders
French LNG containment specialist GTT has received two orders from its partners the Korean shipyards Hyundai Samho Heavy Industries and Hyundai Heavy Industries for, respectively, the tank design of a new liquefied natural gas carrier (LNGC), and the tank design of two new very large ethane carriers
Oil & gas players join forces to scale up energy industry’s digital inventory ecosystem
Five oil & gas firms have inked an industry collaboration agreement with a software company to standardize the digital supply of spare parts.
Longship orders methanol-ready ships from Atlas Shipyard
Dutch shipping company Longship has ordered four ultra-low-emission ships from Atlas Shipyard in Turkey. The design of the 8,600 dwt vessels has been developed together with Dutch naval architect Ankerbeer BV. As informed, the vessel design is compliant with the EU Stage V standards applicable to no
Wintershall Dea exiting Russia as operations are “not tenable”
Germany’s oil and gas company Wintershall Dea is planning to fully exit Russia, stating that continuing to operate in Russia is “not tenable” and that Russia’s aggression on Ukraine is incompatible with the company’s values. The Supervisory Board approved a principle decision by the Management Board
Fresh gas discovery in Norwegian Sea puts tie-back potential on the table
Norwegian state-owned energy giant Equinor has made a new commercial gas discovery in the Norwegian Sea using an Odfjell Drilling-owned rig.
thyssenkrupp Uhde and ADNOC ally on ammonia cracking to boost hydrogen economy
thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp Group that specialises in chemical engineering, and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean
Subsea 7 deepwater vessels to sport MDL’s bespoke aft recovery system
Maritime Developments (MDL) has delivered a bespoke aft recovery system for multiple Subsea 7 vessels operating in deep water.
BP plans new hydrogen hub with repurposed oil&gas facilities in Germany
British energy company BP has revealed plans to evaluate the feasibility of building a new hydrogen hub and utilise repurposed oil and gas facilities to transport hydrogen in Germany. According to BP, the project would be located in Wilhelmshaven and include an ammonia cracker which could provide up
Euronav demands emergency arbitration over Frontline’s merger termination
Belgian tanker shipping giant Euronav has filed a request for emergency arbitration over Frontline’s decision to end the planned merger of the two companies. “Euronav is requesting to suspend such termination pending a determination on the merits pursuing primarily the specific performance of the co
Gasunie joins hydrogen storage pilot project in Germany
Energy infrastructure company Gasunie has partnered up with the storage operator STORAG Etzel for H2CAST, the hydrogen storage project in the Etzel caverns in the German state of Lower Saxony. Gasunie said that with H2CAST, which stands for H2 CAvern Storage Transition, the two companies, together w