Business Developments & Projects
SEA-KIT triples USV production capacity with launch of new facility
SEA-KIT has put into operation its new production facility for the XL-Class uncrewed surface vessel (USV), which tripled the company’s production capacity and expanded its R&D area. SEA-KIT opened the new building, built alongside its existing base in Tollesbury, Essex, UK, on 1 October 2022. Accord
With six players in pursuit of previous carbon storage acreage, Norway invites applications for another CO2 area
Norway’s government has received applications from six companies for acreage on the NCS to be allocated for the injection and storage of CO2.
Scottish tidal energy company becomes lead partner of Ocean Energy Europe
Orbital Marine Power, one of the world’s leading tidal energy developers, has increased its support to the vital work of Ocean Energy Europe to promote the ocean energy sector by becoming a lead partner of the Brussels-based organization.
Corsica Ferries sets sights on first wind-powered RoRo cargo ship
French ferry operator Corsica Ferries has decided to invest in compatriot start-up Neoline Armateur to help co-finance its first Neoliner, a wind-powered roll-on/roll-off (RoRo) cargo ship.
Italian duo closes transaction for Algeria-Italy gas pipelines
Italian energy player Snam has finalized the acquisition of a 49.9 per cent stake held by compatriot oil and gas firm Eni in the companies operating two groups of international gas pipelines between Algeria and Italy. The scope of the transaction includes the onshore gas pipelines running from the A
Dutch launch platform to champion offshore solar benefits
TNO, short for Netherlands Organization for Applied Scientific Research, has launched a platform that brings together core group of Dutch companies whose ambition is to accelerate development and rollout of offshore solar power.
P&O Ferries reduces 2022 carbon footprint by 9 per cent
British ferry operator P&O Ferries has revealed it has reduced its carbon footprint by 9 per cent through maximizing the efficiency of sailings and with the help of new partnership.
UK oil & gas player getting rid of two ‘non-core’ North Sea discoveries
Orcadian Energy has entered into a non-binding heads of agreement with Rapid Oil to dispose of its interests in two North Sea discoveries.
Trillion to boost production at Black Sea gas field with additional wells
Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel
Deutsche Umwelthilfe files objection to floating LNG terminal in Wilhelmshaven
Deutsche Umwelthilfe e.V. (DUH), a non-profit environmental and consumer protection association, has filed an objection to the operating license and water law permit of the floating storage and regasification unit (FSRU) Höegh Esperanza in Wilhelmshaven. The floating LNG terminal in Wilhelmshaven wa
Seabound taps Crestchic Loadbanks to help test its carbon capture prototype
Startup climate-tech company Seabound has teamed up with Crestchic Loadbanks, a specialist in the provision of load bank testing equipment, to test Seabound’s carbon capture prototype. London-based Seabound has developed a unique carbon capture device that traps and stores CO2 from fuel exhaust with
TechnipFMC scores more work with Wintershall Dea off Norway
TechnipFMC has secured an engineering, procurement, construction, and installation (EPCI) contract with oil and gas company Wintershall Dea Norge for a gas field located offshore Norway. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, wh
EU Innovation Fund boosts Belgian companies’ CO2ncrEAT project
EU Innovation Fund will provide a €4.5 million grant for four Belgian companies, Prefer, a manufacturer of construction materials, Fluxys Belgium, an infrastructure operator, Lhoist, a lime producer and supplier of CO2, and Orbix, a holder of the technology and ad-hoc raw materials, for their joint
Shell finds gas in North Sea prospect and embarks on commerciality evaluation
Shell has made a gas discovery in an exploration well in the North Sea, which was spudded using a Noble-owned rig.