Business Developments & Projects
AG&P inks 20-year deal to operate Indonesian LNG import infrastructure
A consortium comprising three Indonesia-based companies has secured a large-scale 20-year contract for LNG infrastructure with PLN Energi Primer (PLN EPI) in Indonesia that will serve seven power plants of a total of 1,510 MW capacity. LNG terminals and downstream infrastructure company AG&P LNG, ma
Maersk: More than 660K TEU transported by green fuels in 2023
Danish shipping giant A.P. Moller Maersk has revealed that more than 660,000 TEUs were transported in 2023, saving over 683,000 tonnes of greenhouse gases from being emitted into the atmosphere.
Great Britain’s longest-ever subsea connection presses ahead
UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required fo
Teesside University and partners eyeing new hydrogen storage solution
Teesside University is working with Northern Gas Networks and Frazer-Nash on a feasibility study investigating the potential of using chemical hydrides as a means of storing hydrogen.
Eni reaffirms commitment to low-carbon energy research as part of agreement with MIT
Eni has extended its tenure as a founding member of the MIT Energy Initiative through 2027 to reinforce its decarbonization efforts.
Eni and Ithaca Energy in ‘potential transformational combination’
North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i
Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA
German SEFE will become the sole shareholder of gas transmission network WIGA by acquiring the 50.02% shareholding held by Wintershall Dea.
AW-Energy finishes three-year WaveFarm project
Finland-based wave energy technology developer, AW-Energy, has completed the three-year WaveFarm project founded by the European Maritime and Fisheries Fund through the Blue Economy Window. According to the company, this initiative is a step forward for the WaveRoller wave energy converter, showing
Equinor gives out more work to Ocean Installer
Norway’s Ocean Installer has secured a new subsea line modification (SLM) project award from compatriot energy giant Equinor, with execution scheduled for fall. The scope of work on Åsgard A in the Norwegian Sea covers the recovery of two risers, the installation of one new riser and flexible jumper
Export cable installation to start at third Dogger Bank Wind Farm phase
The installation of export cables at Dogger Bank C, the third phase of the 3.6 GW Dogger Bank Wind Farm in the UK, is scheduled to start in early April. The work will be performed in three campaigns to install three sections of export cable, with the first campaign starting on or around April 9, [&h
Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’
Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.
Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack
Norwegian state-owned energy giant Equinor and compatriot oil and gas operator DNO have completed an appraisal well and sidetrack said to further delineate the 2023 Heisenberg oil and gas discovery in the Norwegian North Sea. Heisenberg, a new shallow play located in license PL827SB in the northern
Terntank places new order for wind/methanol-ready tanker
Terntank has ordered another tanker with wind-assisted propulsion and dual-fuel engine capable of operating on MGO, biofuels, and methanol.
Avikus claims fuel usage, CO2 emissions cuts thanks to autonomous navigation tech
Avikus autonomous navigation is proven to reduce fuel use by as much as 15% and is expected to reduce carbon emissions by 10%, the autonomous navigation in-house startup of South Korean shipbuilding giant HD Hyundai said.