Business Developments & Projects
QED Naval collects over €1.7 million as tidal power picks up pace
QED Naval, a Scotland-based tidal energy company, has secured over €1.7 million of funding with 1,152 investors taking part in its Seedrs crowdfunding campaign.
UK firm backs ‘major’ North Sea operator with casing integrity solution
UK-headquartered well integrity and production optimization firm Coretrax has completed a multi-product project for a “major” North Sea operator said to have eliminated the need for a casing string to be replaced. The project, which saw the delivery of a casing integrity solution, included the ident
EU forms ‘key energy partnership’ with Egypt at COP27 with focus on renewable hydrogen
The European Union (EU) and Egypt have taken a step further to bolster their cooperation on the clean energy transition by establishing a strategic partnership on renewable hydrogen. The EU and Egypt signed a bilateral memorandum of understanding (MoU) on a strategic partnership on renewable hydroge
Marine Power Systems seeks design engineering help
Welsh company Marine Power Systems (MPS) is seeking a graduate design engineer to provide design support to its design and engineering team.
Germany’s first floating LNG terminal ready to welcome first FSRU in mid-December
Construction of Germany’s first floating liquefied natural gas (FLNG) terminal at the North Sea port of Wilhelmshaven has been completed as the country zeroes in on securing supplies and cutting dependence on Russian gas. The port infrastructure for the first LNG jetty was completed on 15 November a
First contract in for Argeo’s new subsea vessel
Argeo has secured the first contract for its vessel Argeo Searcher and both SeaRaptor autonomous underwater vehicles (AUVs) which will see them deployed for ultra deep-water work in the North Atlantic. Work is scheduled to commence directly after the vessel conversion is finished in January, with a
New green corridors hub launched to accelerate shipping decarbonisation
Zero-Emission Shipping Mission, which aims to accelerate international collaboration to scale and deploy new green maritime solutions, has launched ‘The Green Shipping Corridors Hub’ to support action to realise green shipping corridors.
Fugro secures Danish geotechnical survey contract
Fugro has signed a contract with Energinet, the Danish transmission system operator, for geotechnical site investigation for the North Sea I offshore wind development. The Danish government plans to expand offshore wind capacity by 4 GW by 2030, and the geo-data acquired by Fugro will be used to inf
TES joins forces with ECOnnect to accelerate gas import to Wilhelmshaven in record time
ECOnnect Energy has signed a contract with Tree Energy Solutions (TES) to deliver IQuay infrastructure for gas import to Wilhelmshaven port in twelve months in a bid to bolster Germany’s energy security. The contract follows the earlier announcement that the TES Wilhelmshaven gas import terminal was
Neptune finds hydrocarbons in Norwegian Sea prospect
Neptune Energy has encountered hydrocarbons during the drilling of an exploration well located in the Norwegian Sea.
Wintershall Dea hands in amended plan for Norwegian field
Operator Wintershall Dea and licensees Petoro and Sval Energi have submitted the amended plan for the development and operation of the Maria field to Norway’s Ministry of Petroleum and Energy. Located at a depth of 300 meters in the Norwegian Sea, the Maria field started production in 2017 from two
Molslinjen to test flywheel technology onboard its ferries
Danish ferry operator Molslinjen has entered into a strategic technology and investment deal with compatriot energy storage firm WattsUp Power A/S. The company produces so-called flywheels, which in theory can enable a fast ferry to run entirely on green energy. A flywheel is essentially a mechanica
Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says
A new report by the Tyndall Centre at the University of Manchester, which highlights the role of the shipping sector in transporting green fuels, is urging governments to create far stronger national policies on low-carbon fuels in order to bridge ‘a yawning gap’ between government-led projects and
International declaration calls for reduction of greenhouse gas emissions from fossil fuels
The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a