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Business Developments & Projects

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NSTA plans to introduce 'user pays' carbon storage levy once market is self-sustainable
Business Developments & Projects

‘User pays’ carbon storage levy to be introduced in UK once market is self-sustainable

The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future, once the carbon capture and storage (CCS) industry begins operating on a more self-sustaining basis. The NSTA ran a call for evidence between December 4, 2023, and

about 2 years ago
the SeaRAY ocean energy system returning back to Hawaii
Business Developments & Projects

C-Power upgrades SeaRAY and sends it back to Hawaii

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US-based marine energy company C-Power has upgraded the SeaRAY ocean energy system, and returned it back to Marine Core Base Hawaii in Oahu, from the company’s facility in Corvallis, Oregon.

about 2 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business Developments & Projects

Equinor strikes oil in North Sea

Equinor has made a small oil discovery in the North Sea off the coast of Norway, using one of Odfjell Drilling’s semi-submersible rigs.

about 2 years ago
Japanese majors to accelerate digital twins uptake in shipping sector
Business Developments & Projects

Japanese majors to accelerate digital twins uptake in shipping sector

Japanese maritime majors have completed the early phases of a cross-industry project aimed at creating a secure data-sharing framework between shipyards and shipowners to advance the use of digital twins throughout a ship’s lifecycle.

about 2 years ago
Nel inks alkaline electrolyzers deal with Indian company
Business Developments & Projects

Nel inks alkaline electrolyzers deal with Indian company

Nel Hydrogen Electrolyser and Reliance Industries Limited (RIL) have entered into a technology licensing agreement that provides the latter with an exclusive license for Nel’s alkaline electrolyzers in India and allows it to manufacture them for captive purposes globally.

about 2 years ago
Wärtsilä
Business Developments & Projects

Wärtsilä systems picked for electrification of two Scandlines ferries

Finnish technology group Wärtsilä has been contracted to supply electrical systems needed to convert two ferries operated by Danish company Scandlines to a plug-in hybrid solution.

about 2 years ago
DeepOcean performs first-ever subsea dredging operations remotely from shore
Business Developments & Projects

DeepOcean performs first-ever subsea dredging operations remotely from shore

Norway-based ocean services provider DeepOcean has completed subsea dredging operations remotely from shore for the first time ever. This milestone activity was carried out for Norwegian oil and gas player Aker BP. DeepOcean’s remotely operated vehicles (ROVs) onboard the Edda Fauna were utilized fo

about 2 years ago
Illustration; Source: API
Business Developments & Projects

Biden administration hit with one more lawsuit over LNG permitting freeze

A new lawsuit has been filed to challenge the LNG permitting ban to non-FTA countries in the United States.

about 2 years ago
HYDS links up with px Group to increase use of green hydrogen in the Nordics
Business Developments & Projects

HYDS links up with px Group to increase use of green hydrogen in the Nordics

Norwegian developer of green hydrogen plants Hydrogen Solutions (HYDS) and UK-based infrastructure solutions business px Group have developed a partnership that will seek to accelerate the energy transition through the development of low-carbon, renewable fuels and power. The strategic partnership w

about 2 years ago
Illustration; Source: Bureau of Safety and Environmental Enforcement (BSEE)
Business Developments & Projects

UK firm picks up nine-well decom gig in Gulf of Mexico

Elemental Energies has won a master services agreement with Promethean for the decommissioning of orphaned wells in the U.S. Gulf of Mexico.

about 2 years ago
Minesto has completed dragon 12
Business Developments & Projects

Minesto CEO: Dragon tidal energy technology ready for farm and microgrid deployment

Minesto’s CEO declared commercial readiness for Dragon Class, saying that they are ready for commercial deployment at the right performance levels. The existing offer is provided with a combination of wing size, power take-off (PTO), and tether length.

about 2 years ago
US state fund looking to invest in Greece-Cyprus-Israel interconnector
Business Developments & Projects

US state fund looking to invest in Greece-Cyprus-Israel interconnector

A U.S. state fund has expressed its interest in investing in an interconnection project that will link the electricity grids of Greece, Cyprus and Israel. The U.S. International Development Finance Corporation (DFC) has submitted a letter of intent (LoI) to Greece’s transmission system operator (TSO

about 2 years ago
Lemissoler
Business Developments & Projects

Lemissoler Navigation orders 4+4 methanol dual-fuel Ultramaxes in China

Cyprus-based shipping company Lemissoler Navigation has ordered up to eight methanol dual fuel 65,000 dwt bulk carriers in China.

about 2 years ago
FSO Palanca; Source Stapem Offshore
Business Developments & Projects

UK oil & gas player boosts its stakes in two blocks offshore Angola

Afentra has wrapped up the acquisition of additional interests from Azule Energy in two blocks off the coast of Angola.

about 2 years ago