Business Developments & Projects
Port of Antwerp-Bruges to play vital role in Belgium’s revised hydrogen strategy
Port of Antwerp-Bruges wants to play a key role in the import, local production, processing, and throughput of green hydrogen and hydrogen carriers, such as ammonia and methanol. The commitment is of particular importance as Belgium announces a revision of the country’s federal hydrogen strategy. Th
North Sea operator Ithaca Energy makes plans for London listing
Ithaca Energy, the UK’s independent E&P company focused on the North Sea, has revealed its intention to float on the London Stock Exchange.
Clarksons: There are 130 ammonia-ready and 6 hydrogen-ready vessels on order
The green transition of the shipping industry is picking up pace with shipowners starting to invest in vessels that are technologically prepared to burn alternative fuels such as ammonia and hydrogen. Uptake of alternative fuels has continued to progress, with 4.8% (2021: 3.7%, 2017: 2.3%) of the fl
Wintershall Dea and HES join forces for CO2 hub in Wilhelmshaven
German natural gas and oil company Wintershall Dea and compatriot liquid bulk terminal HES Wilhelmshaven Tank Terminal have signed a memorandum of understanding (MoU) to jointly develop a CO2 hub at Germany’s single deepest draft port. The companies plan to develop a hub named CO2nnectNow at HES Wil
EU policymakers urged to raise climate ambition in the FuelEU Maritime and EU ETS
While the European Parliament gears up to vote on the FuelEU Maritime on Wednesday as the ‘Fit for 55’ package of legislative proposals enters its final stage, EU policymakers are being called to raise climate ambitions in the proposals. Signatories of the Getting to Zero Coalition said that in this
Wärtsilä solution selected for new bioLNG plant in Sweden
The Finnish technology group Wärtsilä has been contracted to supply a biogas upgrading and liquefaction solution for a new biogas plant in Sweden that will be used to reduce carbon emissions from transport, and to speed the transition to cleaner energy. Wärtsilä revealed that the order was placed by
px Group to manage 20-year-old North Sea gas pipeline
TotalEnergies E&P UK has awarded px Group with a long-term multi-year contract to operate the SEAL gas pipeline in the North Sea. The SEAL pipeline transports sales quality gas from the Elgin Franklin platform in the Central Graben Area of the North Sea to the dedicated module at the Bacton gas term
Swedish delegation tours Minesto’s tidal energy site in Faroe Islands
The Swedish ambassador for the ocean has visited Minesto’s tidal energy site in the Faroe Islands to highlight the importance of green energy generated from the sea.
Semco, SeaRenergy secure TenneT offshore assets service contract
Semco Maritime and SeaRenergy have secured a five-year service contract with TenneT for offshore grid connection systems and offshore substations in Germany and the Netherlands. The consortium, comprised of Semco Maritime and SeaRenergy, will be responsible for mechanical and electro-technical integ
Ceremony in Cyprus marks construction start of EuroAsia Interconnector
The EuroAsia Interconnector has entered the construction stage with the launch ceremony held in Nicosia, Cyprus, on 14 October. The EuroAsia interconnector is a Project of Common Interest (PCI) under the 5th Union List comprising a 1,200-kilometer subsea cable from Israel to Crete via Cyprus. As a s
Sustainable Marine sells Swift Anchors business to German partner
Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel.
iXblue and ECA Group to operate under new brand
iXblue and ECA Group will be operating under a new joint brand called Exail, the companies announced following the recent acquisition of iXblue by Group Gorgé. According to iXblue, the companies will benefit from a global workforce of 1,500 persons and are expected to achieve an annual turnover of €
Acorn Project hires ASCO for logistics and environmental services
Storegga, a developer of carbon reduction and removal technologies, has signed a memorandum of understanding (MoU) with materials management and logistics company ASCO to collaborate on the Acorn Project. Under the MoU, the parties will explore opportunities to collaborate, with particular focus on
Norway’s Equinor paid nearly $9 bln in taxes to authorities in 2021
In 2021, Norwegian state-owned energy giant Equinor paid $8.9 billion dollars in corporate tax to authorities.