Business Developments & Projects
Fred. Olsen Renewables files for floating wind concession in Italy
Italian authorities are currently processing an application for a 40-year concession for a site in the southern Adriatic Sea, where Fred. Olsen Renewables wants to build a floating wind farm. The application documents show the project is planned to comprise wind turbines with an output that has not
Is gas greener than oil in terms of emissions?
While pondering whether gas is the green choice to bolster decarbonisation, Wood Mackenzie has been reviewing Scope 1, 2 and 3 emissions.
Industry calls for higher ambition in FuelEU, introduction of performance multipliers
Danish Shipping, Methanol Institute, and World Shipping Council are calling for increased ambition in the FuelEU, maximising GHG intensity reduction from 2035 to 2050 and supporting early use of green e-fuels. The FuelEU Maritime proposal requires ships to reduce the GHG intensity of their fuels by
Eco Wave Power signs deal for 77MW wave energy plant in Black Sea
Eco Wave Power has entered into an agreement with OREN Ordu Enerji for the potential construction of an up to 77MW wave energy installation in Ordu in Türkiye.
Report: Start-up of Lubmin LNG terminal delayed
The launch of operations at the floating liquefied natural gas (LNG) terminal in Lubmin, Germany, has been delayed for several weeks, according to reports by Der Spiegel news magazine. Germany’s first private LNG terminal was scheduled to begin operations at the beginning of December. The first floa
DEME, LS Cable & System secure export cable contract for second Norfolk offshore wind project
After recently being selected to provide export cables for the 1.4 GW Norfolk Boreas offshore wind farm, DEME Offshore and LS Cable & System have now also signed a contract with Vattenfall for the same work on the 1.8 GW Norfolk Vanguard offshore wind farm, both in the UK. The consortium will be res
Tullow’s interim CFO taking on permanent role after new year
Tullow Oil has appointed its interim Chief Financial Officer (CFO) to the CFO role, effective from 1 January 2023.
WATCH: Shell’s giant new FPSO sets off to North Sea on board Boskalis vessel
With construction done, the FPSO destined for Shell’s oil & gas project off the UK is now on its way to the North Sea.
Bill Gates-backed Blue World Technologies targets maritime with its methanol fuel cells
The Danish fuel cell manufacturer Blue World Technologies is readying to start series production of a fuel cell-based auxiliary power unit (APU) system running on methanol intended for the maritime market. The company wants its fuel cells to replace conventional diesel generators for power supply on
Agreement signed for CO2 hub on Danish coast
German oil and gas company Wintershall Dea has signed a Memorandum of Understanding (MoU) with a consortium of companies to cooperate on the development of a CO2 hub in Denmark. The consortium plans to establish a CO2 hub called Greenport Scandinavia on the Danish North Sea coast, which is, among ot
Gasum starts process for its first biogas plant in Norway
Nordic energy company Gasum, a part of a Trøndelag Biogass consortium of three parties, together with the municipality of Vormstad, has started the zoning process for the construction of a new biogas plant in Vormstad near Trondheim in Norway. According to plans, if the project takes on, Gasum would
EnBW books HEH’s Stade terminal for LNG and hydrogen imports
German energy company EnBW has revealed plans to import three billion cubic metres (cbm) of liquefied natural gas (LNG) per year via Hanseatic Energy Hub (HEH) in Stade. EnBW booked long-term capacity at HEH’s terminal in the past few days as part of a sales process and expects to make a significant
Largest component for Germany’s bio-LNG plant arrives in Rostock
A liquefied natural gas (LNG) tank for Germany’s largest integrated bio-LNG plant has arrived in Rostock harbour, plant construction company EnviTec Biogas informed. According to EnviTec’s social media update, the almost 40-metre long and over 5-metre high LNG tank arrived in Rostock harbour on 7 De
New contract to bring Solstad PSV a battery-hybrid system
Norwegian shipping company Solstad Offshore has won five-year contracts with Equinor UK for two of its platform supply vessels (PSVs), with one vessel set to be upgraded with a battery-hybrid system and shore power. The contracts were signed for PSVs Normand Naley and Sea Frost and both will run for