Business Developments & Projects
Europe’s first green hydrogen certificates issued in the Netherlands
The Netherlands has become the first European country to issue green Guarantees of Origin for hydrogen, following a pilot test conducted by the hydrogen exchange initiative HyXchange. The system for issuing green hydrogen certificates is operational as of October this year. The system was evaluated
Shell approaching spud date for North Sea exploration target
Shell is preparing for drilling operations on the Pensacola gas prospect in the UK North Sea with plans to spud the well in November 2022.
NKT Victoria paces ahead with cable laying for Shetland HVDC link
NKT Victoria has completed cable laying works for the Shetland HVDC Link as part of the first cable installation campaign which begins at Noss Head, North of Wick. The trenching vessel, Grand Canyon III, has also completed trenching the cable to the required burial depth in the seabed as part of Cam
Seapeak to acquire Evergas for $700 million
Seapeak, formerly known as Teekay LNG Partners, has entered into a deal with Jaccar Holdings to acquire Danish shipping company Evergas for $700 million. Evergas owns and operates two very large ethane carriers and eight multigas/LNG carriers. All are on fixed-rate time charters to Ineos and are cap
Aker Carbon Capture’s modularized offshore facility wins DNV’s stamp of approval
DNV has qualified Aker Carbon Capture’s modularized offshore facility, which is expected to cut emissions from oil and gas production.
Bar LNG terminal will bring affordable and reliable supply to Balkan nations, LNG Alliance says
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina
Fugro and Magseis Fairfield set up renewables and carbon capture collab
Norway’s Magseis Fairfield and the Dutch Fugro have signed a global cooperation agreement to work on project opportunities including wide area 3D ultra high-resolution surveys (3D UHR) for the offshore renewables and carbon capture and storage (CCS) markets. The companies said they will jointly purs
UK’s new PM urged to tackle ‘challenges of fuelling the future’
The UK’s new PM urged to strengthen energy security and scale up the transition to low-carbon and clean energy.
Ørsted and CIP partner on 5.2 GW of offshore wind in Denmark, plan Power-to-X production
Ørsted and Copenhagen Infrastructure Partners (CIP) are entering into a 50/50 partnership to develop four large-scale offshore wind projects under the ‘open door’ scheme in Denmark. The projects are planned to include Power-to-X capabilities and to be built before or in parallel with the projects se
World’s largest LNG-fuelled cruise ship delivered
The Cruise Division of MSC Group and French shipbuilding company Chantiers de l’Atlantique have announced the delivery of the world’s largest LNG-powered cruise ship and one of the first to incorporate fuel cell technology.
Port of Immingham to get CO₂ import terminal
The Associated British Ports (ABP) has entered into an exclusive commercial relationship with Edinburgh–based oil and gas company Harbour Energy to develop a CO₂ import terminal at the Port of Immingham, the UK’s largest port by tonnage. The terminal will provide a large-scale facility to connect CO
Oilfield services giant rebranding in pursuit of decarbonization targets
Schlumberger is rebranding and changing its name to SLB to pursue a new identity that will represent the transformation from a giant oilfield services provider to a technology company focused on energy innovation and decarbonization. Schlumberger announced that nearly all of its affiliated brands wi
Top UK university searching for small-scale wave energy device aide
Newcastle University is looking for a research engineer who would assist in the design, build, and deployment of a small-scale wave energy device.
Damen teams up with MC Energy on shore power solutions
Dutch company Damen Services has signed a collaboration agreement with Italian energy firm MC Energy covering the construction, sales, delivery and after-sales of shore power units B-shore.