Business Developments & Projects
Yara invests in electrolysis technology firm to boost hydrogen production
As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).
Once sea trials are out of the way, Stena drillship going back to Guyana
One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS).
Hyundai Mipo completes South Korea’s first autonomous vessel
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has unveiled the country’s first pilot vessel intended for autonomous navigation.
As ink dries on signed license off Uruguay, search for partners coming up soon
Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off Uruguay.
HD Hyundai partners with 3M to insulate liquid hydrogen storage tanks
South Korean shipbuilding giant HD Hyundai and American multinational conglomerate 3M have signed an agreement to work on a joint research project focused on developing a high-performance vacuum insulation system for liquid hydrogen storage and transportation. The project will see 3M and HD Hyundai
Nexans wraps up export cable pull-in job offshore Scotland
France-headquartered Nexans has completed the offshore export cable pull-ins for both offshore substation platforms at the 882 MW Moray West wind farm, located in the Moray Firth in the northeast of Scotland. The cable-laying vessel Nexans Aurora took advantage of a recent period of favorable weathe
Deployment of over 30 AI tools brings ADNOC $500 million while slashing emissions
ADNOC has used more than 30 AI solutions across its full value chain to curb its emissions footprint while generating $500 million in value during 2023.
K Shipbuilding to use Alfa Laval’s air lubrication systems in tanker newbuild projects
Swedish sustainable solutions provider Alfa Laval has signed the first memorandum of understanding (MOU) for OceanGlide installations with Korean shipbuilding company K Shipbuilding (KSB).
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i
While on the hunt for new CFO, Trillion hand-picks interim one
Canada’s oil and gas player Trillion Energy has appointed an interim CFO and is on the lookout for someone to fill the role permanently.
Shell-Worley collab continues with new contract for Rotterdam hydrogen plant
UK-based energy giant Shell has awarded Australian engineering company Worley a contract under which the latter will provide detailed design, procurement and construction management support services for the delivery of the Holland Hydrogen 1 (HH1) facility in the Port of Rotterdam. The services incl
Feasibility study confirms scale and viability of 10GW hydrogen project in Mauritania
Africa-focused transitional energy group Chariot has completed the feasibility study for Project Nour, a proposed 10 GW hydrogen project in Mauritania, further confirming its scale and viability. The large-scale hydrogen project is being developed through a partnership between Cahriot’s fully-owned
Retrofitting passenger ships with methanol is less attractive option, report finds
A full methanol retrofit for passenger ships is a less commercially attractive prospect than the use of blended fuels (Blend B30), heavy fuel oil (HFO), and heavy fuel oil equipped with onboard carbon capture and storage technology (oCCS), a new report from classification society Lloyd’s Register ha
Two more CO2 storage areas up for grabs offshore Norway
The Norwegian Ministry of Energy is inviting applications for two areas for CO2 injection and storage in the North Sea, representing the sixth time acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Energy announced two areas for CO2 storag