Business Developments & Projects
OMV sets up new corporate structure for sustainable growth
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition towa
e1 Marine and NAVTEK partner on hydrogen-powered vessels
Renewable energy company e1 Marine has signed a Memorandum of Understanding (MoU) with naval design and engineering specialist NAVTEK to develop hydrogen-powered vessels and port applications for the European market.
Core Power CEO: Biggest ships can benefit the most from nuclear power
The largest ocean-going vessels, which are the largest polluters, can reap the greatest benefits from the new nuclear power technologies, according to Mikal Bøe, CEO of London-based Core Power.
‘Huge day’ for Europe as Baltic Pipe goes full throttle
Baltic Pipe has reached its full capacity, connecting gas systems in Norway, Denmark and Poland, ensuring security of supply in Europe.
The Rig emerges from stormy North Sea wrapping crew in supernatural thriller galore
Amazon Prime is bringing a new supernatural thriller series, the first Amazon Original to be filmed entirely in Scotland, titled The Rig.
After wrapping up work for Equinor, Valaris rig goes for periodic survey
Valaris has revealed that one of its jack-up rigs, which recently worked for Equinor, will be undergoing a ten-year special periodic survey.
Greece, Bulgaria, Romania and Hungary agree to develop natural gas Vertical Corridor
Gas systems operators from Greece, Bulgaria, Romania and Hungary have signed a memorandum of understanding (MoU) with the purpose to cooperate on the realisation of the Vertical Corridor, which will enable bi-directional flows of natural gas from North to South and from South to North. The MoU was s
New North Sea gig for Floatel unit
Floatel International has been awarded a new deal for one of its units, which will work in the North Sea, offshore Norway.
Consortium gets €3.5M boost to develop tropical storm-proof OTEC system
EU’s key funding program for research and innovation, Horizon Europe, and UK Research and Innovation (UKRI) have awarded €3.5 million to a new consortium that aims to design an ocean thermal energy conversion (OTEC) system capable of surviving in tropical storm areas. The PLOTEC consortium was launc
Frontline: 65pct of our fleet will be scrubber fitted
Norwegian tanker shipping heavyweight Frontline is poised to have exhaust gas cleaning systems installed on over half of its fleet of over 70 ships. The company’s owned fleet included 37 scrubber-fitted vessels at the end of the third quarter of 2022, including 15 VLCCs, 19 Suezmax tankers and three
Gasum wraps up its first LNG delivery to CMA CGM’s Containerships
Nordic energy company Gasum has completed the first delivery of liquefied natural gas (LNG) to Containerships, a subsidiary of French shipping giant CMA CGM. According to Gasum’s social media update, the delivery was made to the LNG-fueled Containerships Borealis off Bornholm, Denmark. Containership
Anemoi to continue testing its rotor sails in Port of Blyth
Wind-assisted propulsion provider Anemoi Marine Technologies has extended the lease for their land-based Rotor Sail test facility at the Port of Blyth, the UK. The port, which is a major offshore energy support base, has hosted Anemoi’s test facility for 10 years. The location obtains similar wind c
Shell, Alfa Laval to develop GCU for liquefied hydrogen carriers
Shell International Trading and Shipping Company Limited has signed a memorandum of understanding (MOU) with Swedish sustainable solutions provider Alfa Laval regarding the development of a new gas combustion unit (GCU) for use on liquid hydrogen carriers.
Fluxys makes its first strategic investment for hydrogen transport in Belgium
Infrastructure operator Fluxys Belgium is increasing its transmission capacity with the construction of a new dual-purpose pipeline between Desteldonk and Opwijk, which also marks its first strategic investment for hydrogen transport in Belgium. This is the second pipeline between Desteldonk and Opw