Business Developments & Projects
Havyard Group ASA becomes Eqva
Oslo-listed Havyard Group ASA has decided to change the company name to Eqva ASA to reflect its growth strategy and mark its transformation into a fully integrated service company. The company said that the name Eqva was formed by combining the letters “EQ”, the starting point of the words equal, eq
Hitachi Energy hands over North Sea Link
Hitachi Energy has handed over North Sea Link, the first power interconnector between Norway and the UK, to Norway’s Statnett and the UK’s National Grid. The 1,400 MW North Sea Link allows Norway to import wind power from the UK and the UK to import hydropower from Norway through a 720-kilometer HVD
SIMEC Atlantis management buyout creates Proteus Marine Renewables tidal outfit
SIMEC Atlantis Energy has agreed the sale of a majority stake in its Advanced Tidal Engineering and Services division (ATES), which resulted in the creation of a new tidal energy outfit Proteus Marine Renewables.
Ocean Energy Europe’s next annual event to be held in the Netherlands
Ocean Energy Europe’s annual conference and exhibition will take place in The Hague, the Netherlands, in 2023.
Holland Shipyards to build more eco-friendly ferries for German SFK
Dutch shipbuilding company Holland Shipyards Group has signed a new contract to build two additional eco-friendly ferries for German ferry operator Schlepp- und Fährgesellschaft Kiel (SFK).
First well in Black Sea drilling campaign uncovers multiple potential gas zones
The first well in Trillion’s 2022 – 2023 drilling campaign in the Black Sea has identified numerous potential gas zones on logging.
Report: Police stand guard over LNG terminals as Germany prepares critical infrastructure law
Germany has ordered police to guard liquefied natural gas (LNG) terminals under construction as it prepares a law to strengthen the protection of critical infrastructure, Reuters reports. Germany’s interior minister Nancy Faeser told Reuters on 19 October that police were ordered to protect the LNG
Switch to LNG-powered shipping is irresponsible in times of energy crisis, T&E warns
In 2030, Europe’s shipping industry will need over 6.3 million metric tonnes of liquefied natural gas (LNG) to power its growing fleet of gas-powered ships – enough to power 7 million homes – which will only increase Europe’s dependence on fossil fuels, a new Transport and Environment (T&E) study sh
Russia’s new dual-fuel ferry bunkered with LNG
Russia’s new dual-fuel automobile and railway ferry General Chernyakhovsky has been bunkered with liquefied natural gas (LNG) for the first time. The bunkering took place on 15 October at the seaport of Ust-Luga. Right after bunkering, the ferry headed for the seaport of Kaliningrad, loaded with aut
Three key elements could help boost production in North Sea, UK regulator says
Oil and gas production in the North Sea could be boosted in the coming years through a series of measures recommended by the NSTA.
Minesto’s interim financial figures go further down
Swedish tidal energy developer Minesto has reported wider losses for the first nine months of fiscal year 2022, compared to the same period a year earlier.
UECC cheers delivery of 3rd multi-fuel LNG battery hybrid car carrier
Norway-based RoRo transportation provider United European Car Carriers (UECC) has taken delivery of its third and final newbuild multi-fuel LNG battery hybrid pure car and truck carrier (PCTC). The latest newbuild, to be named Auto Aspire, was delivered on 20 October at China’s Jiangnan Shipyard and
TotalEnergies charters MOL’s newbuild LNG carrier
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a multi-year charter agreement with TotalEnergies Gas & Power Limited, a wholly-owned subsidiary of French energy firm Total Energies, for a newbuild liquefied natural gas (LNG) carrier. The contract, which was signed on 26 September, cove
Vattenfall selects export cable team for 1.4 GW Norfolk Boreas
Vattenfall has signed a contract with DEME Group and LS Cable & System to deliver export cables that will connect its 1.4 GW Norfolk Boreas offshore wind farm to the UK national grid. The contract includes the design, engineering, procurement, manufacturing, and testing of around 360 kilometres of h