Business Developments & Projects
Sweden: Nord Stream incident caused by ‘gross sabotage’
An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said
Aker Solutions secures more Johan Sverdrup work
Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.
Norwegians developing methanol-powered cable installation vessel
Oslo-headquartered Cecon Contracting and its partners have entered into an agreement for the construction of a cable installation vessel that will feature a methanol dual fuel system and a battery pack. The vessel will be built by the Sefine Shipyard in Türkiye, while NSK Ship Design is in charge of
Furetank picks TGE Marine LNG fuel gas systems for dual-fuel tankers
German fuel gas system provider TGE Marine has secured nine contracts with Swedish shipowner Furetank to supply LNG fuel gas systems for the Vinga series of energy-efficient climate-friendly tankers. The contract is in relation to the 17,999 dwt vessels that will be built by China Merchants Jinling
Hapag-Lloyd to digitize its berth alignment operations with Portchain
German liner major Hapag-Lloyd has signed a 5-year global partnership with Portchain, a Danish startup focusing on digitizing operations in the container shipping sector. Under the contract, Hapag-Lloyd will deploy Portchain Connect platform across its global operations and digitize the berth alignm
DESFA’s new floating storage unit receives first LNG cargo to supplement Greek winter energy demands
A floating natural gas storage unit (FSU) installed by Greek gas grid operator DESFA at the LNG terminal of Revithoussa has started operations, increasing the terminal’s storage capacity by 70%. The start of the operation of the FSU was marked by the unloading of the first LNG cargo by MYTILINEOS on
CorPower Ocean completes C4 wave energy system assembly in Portugal
CorPower Ocean has completed the system integration of its first commercial scale wave energy converter, the CorPower C4.
BIMCO’s CII clause says time charterers should bare the brunt of ships’ emissions
BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
UK’s oil and gas tax changes to ‘hit industry hard’, OEUK warns
The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU
Port of Hamburg to house Germany’s first large-scale green energy import terminal
Industrial gas supplier Air Products and Oiltanking Deutschland, a subsidiary of energy company Mabanaft, plan to build Germany’s first large-scale, green energy import terminal in the Port of Hamburg. The companies have signed a joint development agreement as an important step towards the developme
ZEUS becomes RINA’s 1st ship capable of running on hydrogen
A prototype ship named ZEUS (Zero Emission Ultimate Ship) with hybrid propulsion has been classed by the Italian classification society RINA, becoming its first ship capable of running on hydrogen. The vessel was developed as part of the research project named Technologies with Low Environmental Imp
Netherlands boosts industry consortium with €7.8M for offshore floating solar development
Dutch-Norwegian company SolarDuck and its consortium partners have received a €7.8 million project subsidy from the Netherlands Enterprise Agency (RVO) to develop, test and validate the Merganser floating solar energy platform in harsh North Sea weather conditions.
Morocco-UK power link attracts new investor
Conenergy, a Germany-based investor in the European energy industry, has joined the Xlinks Morocco-UK Power Project with a multi-million-pound investment. Xlinks and Conenergy have entered into a financial and strategic partnership to collaborate on the link that will offer an exclusive supply of re
Verlume rebrands energy management system and sets up new product manager role
Verlume, a specialist in clean energy system integration, intelligent energy management and energy storage, has appointed Robert Heron to the new role of product manager to help position the business for growth at scale.