Business Developments & Projects
Namibia gets $544 mln boost for green hydrogen production as it looks to catalyze shipping’s decarbonization
Namibia, one of the world’s sunniest countries, is investing strenuous efforts in exploiting its abundant natural resources to produce renewable energy, most notably green hydrogen, and position itself as a renewable energy hub. “Namibia is comfortable with being a first mover in an industry that is
Maersk: We need an end date for fossil fuels in shipping
The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. “It is ve
SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm
Dutch-Norwegian company SolarDuck has been awarded a contract for the world’s largest hybrid offshore floating solar power plant at the offshore wind park Hollandse Kust West VII in the Netherlands.
Shell comes aboard subsea 3D printing joint industry project
Shell has joined a joint industry project dedicated to developing and testing advanced 3D printing technologies as an in situ, metal-to-metal, repair method for subsea assets. Shell joins project partners Kongsberg Ferrotech, Equinor, Gassco and SINTEF who have been working on this industrial projec
New action plan comes into the limelight to accelerate decarbonisation
With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.
Enagás unit receives funding to boost LNG and BioLNG supply in Canary Islands
Scale Gas, a subsidiary of Spanish energy company Enagás, has received funding from the Ministry of Transport, Mobility and Urban Agenda to boost the construction of a bunkering vessel for the supply of LNG and BioLNG in the Canary Islands. Scale Gas will receive a total of €15 million and plans to
TDI-Brooks wraps up third geotechnical campaign at major Turkish gas project
TDI-Brooks has completed the third geotechnical support project for Phase 2 of the pipeline route investigation and site survey campaign at the Sakarya gas field offshore Türkiye. The program consisted of gravity cone penetrometer (gCPT) and T-Bar tests. During this second leg of phase two, 78 gCPTs
Van Oord selects Port of Blyth as Sofia cable base
Van Oord has selected the Port of Blyth as the location for the storage and mobilisation of inter-array cables for the 1.4 GW Sofia offshore wind farm in the UK. The installation of the inter-array cables is set to begin in 2024, in which 350 kilometres of cable will pass through the Port’s Battlesh
Avance Gas keeps divesting older VLGCs to renew fleet and improve fuel efficiency
Norway-based liquefied petroleum gas (LPG) transporter Avance Gas has signed an agreement to sell another very large gas carrier (VLGC) as it is renewing its fleet. The company agreed to sell the 2009-built VLGC Promise with a time charter attached. The vessel is expected to be handed over to the ne
Danish player bags five-year deal for TotalEnergies’ North Sea oil & gas assets
TotalEnergies has handed out a long-term deal for the provision of manpower and construction service to its assets in the Danish North Sea.
UK and German representatives meet to celebrate NeuConnect
German Ambassador to the UK Miguel Berger and UK Trade Commissioner for Europe Chris Barton have joined an industry event to help celebrate continued progress on the NeuConnect project that will create the first direct connection between the UK and German energy markets. Led by Meridiam, Allianz Ca
Cargo owners roll out a roadmap to decarbonize ocean freight by 2040
Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the
RWE wins Dutch offshore wind tender with project including green hydrogen and floating solar
RWE has won the permit to build a large-scale offshore wind farm at the Hollandse Kust West (HKW) VII site in the Dutch North Sea through the subsidy-free tender launched in the Netherlands in April. The Germany-based developer placed a bid through its project company Oranje Wind Power II and propos
Furetank, Algoma expand investment to eight dual-fuel product tankers
Swedish Furetank and Canadian Algoma Central Corporation are expanding the FureBear joint venture to include eight dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August with an order for four dual-fuel tankers and is now extended with four addit