Business Developments & Projects
Wind power in the running for electrification of West of Shetland oil & gas assets
BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.
Snam and Baker Hughes team up on hydrogen
In November, Snam, an energy infrastructure company, operating in natural gas transport and storage, and Baker Hughes, an energy technology company, tested the use of hydrogen as a fuel to power gas turbines at one of its natural gas compression stations. According to the report, the tests, carried
Spain adopts regulatory framework for €200M grant program for marine renewables
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.
Tallink takes delivery of LNG-fueled shuttle ferry
Tallink Superfast Ltd, a subsidiary of Estonian shipping company Tallink Grupp, has taken delivery of the new fast passenger ferry MyStar from Finnish shipbuilder Rauma Marine Constructions (RMC). Described as “the newest and most technologically advanced vessel on the Baltic Sea”, MyStar was delive
Dutch Cabinet declares new offshore wind, hydrogen developments as projects of national importance
The Dutch Cabinet has taken the lead on five energy infrastructure projects, making them projects of national importance. The five developments mainly revolve around grid connections for offshore wind farms and further development of the hydrogen infrastructure. Jump to: On 2 December, Micky Adriaa
DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero
DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.
Leonardo da Vinci starts installing cables in Greece
Prysmian Group’s cable-laying vessel Leonardo da Vinci has commenced the offshore installation campaign of the subsea link that will connect the Greek Crete island and mainland Greece. The Crete-Attica project will comprise a total submarine length of 336 kilometers to be laid at a maximum depth of
WinGD nets engine diagnostics deal for 17 dual-fuel engines
Swiss marine power company WinGD has received orders from two LNG carrier operators for its WinGD Integrated Digital Expert (WiDE) engine monitoring, diagnostics and remote support service.
Liverpool eyes South Korean know-how on tidal range power projects
Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.
CMA CGM to bolster capacity at New York and New Jersey terminals following takeover
French container shipping major CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT). The Port of New York and New Jersey represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The company n
Ports of Belledune and Hamburg join forces on clean fuels and sustainable energy
The Belledune Port Authority (BPA) has signed a Memorandum of Understanding (MOU) with Germany’s largest seaport, the Port of Hamburg, to collaborate on clean fuels and green products.
Trafigura to learn the ropes on using methanol with dual-fuel tanker chartered from Waterfront Shipping & Clean Sea
Canada’s Waterfront Shipping, a subsidiary of Methanex, the world’s largest producer, and supplier of methanol, has entered into a time-charter agreement with Trafigura for a methanol dual-fuel tanker. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-
Germany opens €900 million call for import of green hydrogen derivatives
Following the recent establishment of the world’s first financing platform for tailored financing of infrastructure for green hydrogen, Germany is now looking to award nearly €1 billion (€900 million) in funding for the import of hydrogen derivatives. On 5 December, the Federal Ministry for Economic
LH2 Europe CEO: Hydrogen bankability and financeability major challenges
“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen i