Business Developments & Projects
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.
Danish Power-to-X flagship project receives IPCEI funding
Ørsted-led Power-to-X project Green Fuels for Denmark has been awarded DKK 600 million (around $86 million) by the Danish Business Authority as part of Denmark’s participation in the Important Project of Common European Interest (IPCEI) programme. The project, which is being developed by Ørsted in p
Vår Energi to address nonconformity for its FPSO modification project
Norwegian regulator has carried out an audit of Vår Energi and its management of barriers and maintenance on an FPSO modification project.
Nordic TSOs, offshore wind developers plan giant green hydrogen infrastructure project in Baltic Sea
The Finnish and Swedish gas transmission system operators (TSOs) Gasgrid Finland and Nordion Energi, and offshore wind developers OX2 and Copenhagen Infrastructure Partners (CIP) have entered into an agreement to investigate the development of large-scale offshore hydrogen pipeline infrastructure co
Equinor all set to drill North Sea wildcat
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Equinor tasked with assessment of improvement points for North Sea platform
Norwegian offshore safety regulator has carried out an audit at one of the Equinor-operated North Sea platforms.
Waves4Power signs deal to develop wave energy parks offshore Indonesia
Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.
Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain
“We are looking at a market today that is immense. It is new and unprecedented when you look at the numbers. Floating wind is expected to be, in 2050, bigger than fixed offshore wind. But we got some catching up to do, and catching up to be done is really in the supply chain”, GustoMSC’s […]
FSRU arrives in Wilhelmshaven ahead of opening of Germany’s first LNG terminal
A floating storage and regasification unit (FSRU) has arrived in Wilhelmshaven, marking an ‘important milestone’ shortly before the opening of Germany’s first LNG terminal. On 15 December, German energy company Uniper confirmed the arrival of the Höegh Esperanza, the designated FSRU for the Wilhelms
Strohm secures €15 million investment to support its TCP solutions
Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the largest funding round in the company’s 15-year history by securing a €15 million investment to support its TCP solutions. The €15 million investment includes a €10 million commitment made by ING Corporate Investments (a 100%
Scottish public bodies appoint financial advisor for MeyGen tidal energy project
Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.
Giant North Sea oil field going full throttle as Phase 2 comes on stream
Equinor has started production from the Johan Sverdrup Phase 2 project in the North Sea, ensuring that the entire field is now online.
Global Maritime wraps up marine warranty survey for wave energy scheme in Portugal
Global Maritime has provided marine warranty survey (MWS) services for CorPower Ocean’s HiWave-5 grid-connected wave energy project.
LNG-powered Arvia delivered to P&O Cruises
German shipbuilder Meyer Werft has handed over the LNG-fuelled cruise ship Arvia to the British shipping company P&O Cruises. Arvia is a sister ship of the Iona, built-in 2020. Both vessels have been described as ‘future proof’ as they will be able to run on carbon-neutral liquefied natural gas (eLN