Business Developments & Projects
SeaTwirl and Verlume join forces to drive decarbonization of offshore assets
Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore assets and decarbonization of the oil and gas industry. The MoU will see the two companies identify and
QatarEnergy and Nakilat firm up time-charter deal for 25 vessels under ‘historic LNG shipping program’
QatarEnergy has signed multi-year time-charter party agreements with Nakilat for operating 25 LNG vessels as part of its historic extension.
Svitzer plans to install MAN ES’ methanol-fueled engine on newbuild tug
MAN ES signed an MoU with Svitzer for the development of a methanol-fueled version of the MAN 175D engine, targeting its installation on board one of Svitzer’s newbuild tugs.
New research project for wind-powered ships KSP WIND kicks off
Norwegian research organization SINTEF Ocean has launched the KSP WIND project dedicated to wind propulsion for merchant ships.
Energean awaits 30-year production license ahead of sanctioning phased gas development offshore Israel
Energean is looking forward to receiving a 30-year production license soon for an area where a string of gas discoveries was made in 2022.
AKVA Group and Inseanergy eye floating solar energy for Chilean aquaculture
Producer of equipment for the farming industry, AKVA Group, has established a partnership with Norwegian floating solar company Inseanergy to use floating solar energy to operate fish farming operations in Chile. According to AKVA Group, the partnership focuses on the shift from fossil fuels to sola
First publicly available FuelEU Maritime calculator is here
The first publicly available FuelEU Maritime calculator has been released by zero44, a Germany-based provider of digital CO2 management solutions, to help prepare shipowners for costs associated with the upcoming FuelEU Maritime regulation.
Provaris: Fabrication of ‘world’s first’ prototype compressed hydrogen tank begins in Norway
Following the completion of all pre-production activities, Provaris Energy has initiated the fabrication of the H2Neo prototype tank in Norway.
Fugro vessel ready to be equipped with methanol engines
Fugro’s geophysical vessel Fugro Pioneer is ready to be equipped with methanol engines following the conversion of the main components on board. The vessel was converted in the Netherlands as part of the Fugro-led Methanol as Energy Step Towards Emission-free Dutch Shipping (MENENS) consortium with
Tadek assesses floating offshore wind platforms for Marine Power Systems
UK-based Tadek Ocean Engineering has produced a study on floating offshore wind platforms for Welsh company Marine Power Systems (MPS). The report evaluates tension leg platforms (TLP) long-term performance compared to semi-submersible alternatives for floating offshore wind turbines (FOWT). It inc
Norwegian Hydrogen looking into green hydrogen production in Finland
Norwegian Hydrogen has selected Tornio as one of the company’s locations for the production of green hydrogen in Finland.
US player progressing oil project offshore Equatorial Guinea
Vaalco Energy has received the seal of approval from the government of Equatorial Guinea for the joint operating agreement (JOA).
Noble steps up its offshore drilling decarbonization game
Noble Corporation has embarked on the fleetwide rollout of a digital emission-monitoring solution, which has now been fitted on 29 rigs.
ExxonMobil partners with JERA for its low-carbon hydrogen project
ExxonMobil and JERA signed a project framework agreement to explore the development of a low-carbon hydrogen and ammonia production.