Business Developments & Projects
We have to learn how to safely use ammonia as shipping fuel from the very beginning, study says
Spills of ammonia as a shipping fuel could negatively impact certain habitats and species more than others and the industry should make sure it uses ammonia in a safe from the very beginning, according to a new joint study released by Environmental Defense Fund (EDF), Lloyd’s Register (LR) and Ricar
Ballard installs fuel cells onboard world’s 1st hydrogen-powered ferry
Canadian fuel cell supplier Ballard Power Systems has installed two 200 kilowatt (kW) fuel cell modules onboard the Hydra ferry, operated by Norwegian company Norled. The installation of proton exchange membrane (PEM) fuel cells comes ahead of the vessel’s first sea trial scheduled for December this
Performance Shipping expands its fleet with eco-friendly Aframax tanker
Greek shipowner Performance Shipping has signed a Memorandum of Understanding (MoU) to purchase an LR2 Aframax oil product tanker vessel built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2013.
Shipping sector: EU ETS must adopt life-cycle approach on green fuels
Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter
Geophysical survey underway at Irish offshore wind project
A geophysical survey has commenced at the Oriel Wind Park project off County Louth in the Irish Sea. The ultra-high-resolution geophysical survey started in November and is expected to be completed by mid-December, subject to weather and operational constraints. The goal of the survey, which will be
Lhyfe partners with French port on offshore green hydrogen
Lhyfe and Nantes Saint-Nazaire Port have reached a partnership agreement to identify, understand, and assess the conditions for the establishment of a supply chain associated with offshore hydrogen production in France. This collaboration is intended to identify port areas and facilities capable of
Ocean Harvesting scores €2 million grant for wave energy device validation
Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.
Prysmian cables to link Greek islands
Prysmian has secured a circa €150 million contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for an interconnector that will link the islands of Milos, Folegandros and Santorini. The connection is part of Phase D of the Cyclades’ electrical interconnecti
Another Norwegian contractor gets more work on Johan Sverdrup
Aibel has secured an extension for maintenance and modification (M&M) work on the Johan Sverdrup field in the North Sea off Norway.
Application period closes for Scottish offshore wind round targeting oil & gas decarbonisation, innovation projects
Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs
How do things stand for the oil & gas industry in the wake of COP27?
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
In focus: Battle to accelerate green energy programs continues
Winter is almost here and concerns over the security of energy supplies are on the rise. Governments and industries are trying to find ways to tackle both energy and climate crises at the same time. The never-ending battle with new regulations to accelerate green energy programs and address high pri
Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics
Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.
Is third time the charm for a drillship that previous owners cancelled twice?
Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.