Business Developments & Projects
Stena and OljOla to build methanol bunkering vessel for North Europe
Swedish companies Stena Oil, Stena Teknik and OljOla have entered into a joint venture agreement to build a bunker supply vessel designed to carry chemicals as per IMO Type II, including methanol and various bio-fuels. “It is our greatest pleasure to inform that through the close cooperation between
ExxonMobil eyes another FPSO order with SBM Offshore
ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from SBM Offshore.
Skarv Shipping to build four multi-fuel shortsea bulkers
Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, has teamed up with compatriot Peak Group AS to establish a joint venture named Skarv Shipping Solutions. The JV founders said that the company aims to help ship and cargo owners reduce their emissions of greenhouse gases and reac
Halten Bulk wins Enova funding for hydrogen-powered bulker duo
Norway-based company Halten Bulk AS has received NOK 142 million ($13.8 million) for the construction of two hydrogen-powered ships from Enova, a state enterprise owned by the Ministry of Climate and Environment that promotes renewable energy use.
Dana enters North Sea acreage close to giant Buzzard field
Finder Energy has signed farm-out agreements to assign a 40 per cent interest in three licences located in the UK North Sea to Dana Petroleum.
BP takes the stage at Offshore Energy Exhibition & Conference
BP is joining this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam as the sponsor of The Stage and one of its participants. In three weeks, this open stage on the exhibition floor will put a spotlight on a variety of aspects from the offshore energy sector, from market insights to
Wood secures FEED work on Norwegian large-scale green hydrogen project
Gen2 Energy has contracted consulting and engineering firm Wood for the front-end engineering design (FEED) scope of its green hydrogen production facility, located in Mosjøen in northern Norway. In the first phase, Gen2 Energy plans to build a 100MW plant with continuous production of around 45 ton
Erik Thun’s dual-fuel product tanker starts taking shape
China Merchants Jinling Shipyard in Yangzhou has cut steel for Erik Thun’s Vinga series dual-fuel product tanker ordered in March this year. The 17,999 dwt vessel is a sister to Thun Venern, and it is the latest contribution to the “Vinga-series” of nine previous sister vessels, all trading within t
Dutch bio-LNG production plant for maritime industry enters build phase
The Dutch companies Attero, Nordsol and Titan have reached the final investment decision (FID) for their bio-LNG project, FirstBio2Shipping, which now enters the construction phase. The three partners announced the FID on 9 November after meeting at the site for the proposed plant, located at the fa
Rovco partners with HOM for wind work offshore Japan
UK-based Rovco and Horizon Ocean Management (HOM) have signed a memorandum of understanding (MoU) for through-life subsea asset integrity and balance of plant survey solutions for the Japanese offshore wind market. The agreement will see both parties work together to analyse the Japanese offshore wi
France to bankroll development of zero-emission ships with €300 mln, backed by $200 mln from CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels. The move was announced by the French secretary of state in charge of maritime affairs, Hervé Berville at a conference held in Lille on Tues
Spain’s Gandia to house Europe’s 1st energy self-sufficient port
The Port of Gandia is set to become Europe’s first energy self-sufficient port after the installation of the solar energy plant, the Port Authority of Valencia (PAV) has revealed.
Ofgem: FAB Link retains cap and floor regime in principle
FAB Link, an interconnector that will link Great Britain and France, is retaining its cap and floor regime in principle, Ofgem announced following the needs case reassessment for the project. The FAB Link project, being jointly developed by FAB Link Limited and Réseau de Transport d’Électricité (RTE
SIMEC Atlantis appoints MeyGen chief as tidal power project makes progress
SIMEC Atlantis Energy has made ‘good progress’ in the delivery of its commercial-scale tidal energy array at MeyGen site in Scotland.