Business Developments & Projects
Equinor and Centrica team up to develop East Yorkshire hydrogen hub
Norway’s Equinor and UK’s Centrica have signed a cooperation agreement to explore the development of a low-carbon hydrogen production hub at Easington in East Yorkshire, with the aim to strengthen the region’s status as the UK’s foremost hydrogen place. Under the agreement, the Centrica-operated are
Partners to evaluate North Sea gas-condensate discovery
After completing a sidetrack well and a DST, OMV will work with its partners to evaluate a gas-condensate discovery in the North Sea
Meyer Turku hands over LNG-fuelled Carnival Celebration
Finnish shipbuilder Meyer Turku has delivered the LNG-powered Carnival Celebration cruise ship to Carnival Cruise Line. This is the second ship in Carnival’s Excel class and it was delivered on schedule. The cruise ship will start its maiden voyage already later this week. The vessel was launched at
Magseis Fairfield reports positive quarter despite node handler downtime
Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli
Report: Russia’s Sakhalin II LNG project can manage without Shell, Mitsui says
Sakhalin II liquefied natural gas (LNG) project in Russia has enough technical expertise to operate even without departed shareholder Shell, Reuters reported Mitsui & Co’s CEO Kenichi Hori as saying. Shell announced its plans to exit its 27.5% stake in the Sakhalin II LNG project, writing off an inv
Methanol-powered Stena Promise delivered
Guangzhou Shipyard International Co Ltd (GSI) has delivered the third IMOIIMeMAX dual-fuel MR tanker powered by methanol, Stena Promise, to Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk. The shipbuilder delivered the first one, Stena Pro Patria, to its owner
New operator takes the reins at North Sea field
Germany’s Wintershall Dea has completed the sale of its interest in three North Sea fields to Norway’s OKEA.
Maersk CEO: We are committed to making a tangible environmental impact in this decade
Danish shipping group Maersk is pressing ahead with its first-mover tactics when it comes to decarbonizing its operations as it looks to reap its first fruits already this decade. “We have recently announced the order of further six dual-fueled green methanol-enabled container ships. As we maintain
GKinetic Energy targets commercial ramp up with €2 million funding round
Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.
More green hydrogen plans emerge in Italy with 3.6 GW of floating wind proposed offshore Barletta
Waters offshore Italian municipality of Barletta have attracted three developers with plans to build floating wind farms. One of the projects, whose concession applications are currently being processed, is planned to have a capacity of 2.2 GW and to incorporate green hydrogen production.
German 1st research vessel with methanol drive christened
The Alfred Wegener Institute’s new eco-friendly research vessel Uthörn has been christened at Fassmer shipyard in Berne.
Norway inviting applications for another CO2 storage permit
Norway’s Ministry of Petroleum and Energy is inviting applications for an area on the Norwegian continental shelf (NCS) that would be used for CO2 injection and storage. The area encompasses defined blocks in the North Sea. “Today’s announcement of land for the storage of CO2 is new evidence of the
DHL purchases 60 million litres of sustainable marine fuel for greener ocean freight
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are expanding their partnership on sustainable shipping via insetting with 60 million litres of sustainable marine fuel. With the latest purchase of sustainable marine fuel, DHL expects to reduce
Fugro, AD Ports forge ties on remote and autonomous technologies
Geo-data specialist Fugro has signed a collaborative agreement with UAE-based port operator Abu Dhabi Ports (AD Ports) that sets out combined goals to utilise remote and autonomous technologies in the region. Whilst the agreement formalises the partnership, the companies have been working together s