Business Developments & Projects
Vår Energi makes ‘largest discovery of the year’ in Barents Sea
Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov
TGS and CGG team up for survey job in North Sea
TGS and CGG have secured a contract to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Sleipner area of the Norwegian Continental Shelf (NCS).
Aker Solutions wins ‘sizeable’ contract with Wintershall Dea
Aker Solutions has won a contract from Wintershall Dea to provide the subsea production system for the Dvalin North development offshore Norway, shortly after the plan for the development and operation (PDO) of the gas field was submitted. The Dvalin North gas field is located around 200 kilometers
Horisont Energi and Koole Terminals continue clean ammonia collaboration
Horisont Energi, a Norwegian clean energy company, and Koole Terminals, an independent provider of integrated services for storage, processing, and logistics, have advanced their collaboration on the development of an ammonia terminal at the Port of Rotterdam, the Netherlands, by signing an agreemen
Minesto installs offshore infrastructure to double tidal energy production capacity
Swedish company Minesto has completed additional offshore infrastructure installation in Faroe Islands to double electricity production from two Dragon 4 tidal energy devices.
RWE and Harbour Energy shake hands to pursue carbon capture and storage
RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C
CorPower Ocean’s wave energy device inches closer to deployment
CorPower Ocean’s first commercial-scale C4 wave energy converter has been moved to quayside ‘launchpad’, ahead of deployment at the Aguçadoura site in northern Portugal.
Open Season starts at Klaipeda LNG Terminal
AB Klaipedos Nafta, operator of Klaipeda LNG Terminal, and AB Amber Grid, gas transmission system operator, have begun a joint process of Open Season procedure at the terminal and Lithuanian gas transmission system. The operators said they seek to evaluate possibilities to expand the current Klaiped
Zero Carbon Center rolls out 1st Book & Claim project
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Rocky Mountain Institute, Danish Shipping, and Maersk Oil Trading have initiated a project designing a maritime-specific Book & Claim project.
LNG as marine fuel: A risky or future-proof investment?
LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s
Swedish company eyes funding as it targets global wave energy opportunities
Swedish company Waves4Power has opened an equity funding round, looking to secure $25 million, that will support its efforts to unlock opportunities for wave energy developments across the globe.
Development of Northwestern Europe’s 1st terminal for hydrogen carriers and low-carbon fuels on track
U.S.-based Vision Energy, through its wholly-owned subsidiary Evolution Terminals BV, says to be on track to file the detailed environmental impact assessment for its energy project in the North Sea Port of Vlissingen, the Netherlands before January 31, 2023. Namely, Evolution Terminals is in advanc
Ports of Rotterdam and Sines agree on hydrogen imports
ENGIE, Shell, Vopak and Anthony Veder have agreed to develop a green hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands. The project named H2Sines.RDAM aims to produce green hydrogen on a unit located in Sines, convert it to liquefied hydro
PaxOcean and GTT team up for repair and maintenance of LNG carriers
Singapore-based shipyard group PaxOcean and French LNG containment specialist GTT have signed a technical service agreement that will enable PaxOcean to expand its repair scope by providing membrane tank maintenance and servicing of liquefied natural gas (LNG) carriers to be repaired in PaxOcean Bat