Business Developments & Projects
MOL, EnviroNor team up on a floating desalination vessel
Japanese shipping company Mitsui O.S.K. Lines and Norway-based EnviroNor AS have signed a memorandum of understanding to discuss collaboration on a floating desalination vessel and have begun collaboration toward commercialization. A floating desalination vessel is a floating infrastructure vessel e
Delegation meets to discuss EuroAsia Interconnector
Project developer of the EuroAsia Interconnector and the Cypriot and Israeli delegations have met in Nicosia, Cyprus, to discuss the electricity link that will connect Israel, Cyprus, Greece and continental Europe. A delegation of the Israeli and Cypriot Ministries of Energy, the Israeli and Cypriot
World’s 1st dual-fuel LNG battery hybrid PCTC named
Norwegian provider of shortsea RoRo transportation United European Car Carriers (UECC) has held a naming ceremony for its first dual-fuel LNG battery hybrid pure car and truck carrier (PCTC).
Oil & gas ‘supercycle’ pushes Saipem’s offshore activity up, bringing record-quarterly revenue
Saipem has posted the highest quarterly revenue since the fourth quarter of 2015, driven by sizeable awards for its offshore business.
Lhyfe and Hexagon join forces for hydrogen distribution in Europe
French hydrogen producer Lhyfe and Norwegian hydrogen systems supplier Hexagon Purus have entered into commercial cooperation for the distribution of green and renewable hydrogen in Europe. As part of the deal, the parties agreed to cooperate on the delivery of Hexagon Purus’ type 4 hydrogen distrib
Michelin kicks off installation of its 1st WISAMO wingsail on MN Pelican
Michelin’s Wing Sail Mobility (WISAMO) project has hit an important milestone with the launching of the installation of the company’s wing sail on the first merchant ship. The wing prototype with a surface area of 100 sqm is being installed on Compagnie Maritime Nantaise – MN’s container ship MN Pél
Wuhu Shipyard floats out 1st dual-fuel bitumen tanker for Continental Bitumen/Tipco
China’s Wuhu Shipyard has launched the first out of two new dual-fuel bitumen tankers built for UK-based firm Continental Bitumen.
TotalEnergies and Shell join first Hydrogen Area at Offshore Energy Exhibition & Conference
Offshore Energy Exhibition & Conference 2022, coming up on 29 and 30 November in Amsterdam, will feature a Hydrogen Area for the first time, with TotalEnergies, Strohm, Green Team Twente, Shell, and TU Delft Hydro Motion Team set to join this inaugural moment for Offshore Energy and Navingo BV.
TotalEnergies’ profit soars on high gas prices
TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter of 2022 on a year-on-year basis.
NKT’s new extrusion tower ready to produce high-voltage power cables
NKT has completed the construction of the second extrusion tower for high-voltage power cables at its factory in Karlskrona, Sweden. NKT can now start manufacturing high-voltage power cables in the new tower, designated as NKT Lighthouse, in the fourth quarter of the year. The 150-meter tall tower i
Carnival to install air lubrication on 10 more ships
Carnival Corporation & plc, the world’s largest cruise company, is expanding the installation of air lubrication systems to the majority of the cruise line brands in its fleet through 2027. The cruise major expects to generate significant savings in fuel consumption and carbon emissions by reducing
Shell sees ‘robust’ profits
Shell has recorded higher profits in 3Q 2022 on a year-on-year basis thanks to higher gas prices and increased volumes from deepwater assets.
GoodFuels, partners test isotopic tracer for marine biofuels
Dutch biofuels provider GoodFuels has joined hands with global certification organisation Control Union and France’s IDS Group to test the effectiveness of an isotopic tracer for marine biofuels.
Equinor to supply gas to Ørsted via Baltic Pipe
Danish Ørsted, said to be the world’s leading offshore wind developer, and Norway’s energy giant Equinor have entered into an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period wi