Business Developments & Projects
Höegh LNG’s FSRU Independence to change owner
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit (FSRU) Independence from Norway’s floating terminal projects company Höegh LNG. The transfer of ownership is expected to occur in December 2024.
Rolls-Royce and SOWITEC team up to boost power-to-X projects
Rolls-Royce business unit Power Systems and renewable energy projects developer SOWITEC have agreed to cooperate with the aim of providing power-to-X projects with a total electrolysis capacity of up to 500 MW by 2028. As explained, the plants will use renewable energy sources to generate electrical
UK firm developing new chopsaw after work on Gyda platform removal
Decom Engineering is developing a new lighter subsea chopsaw following the completion of a cutting job on the Gyda platform removal in the North Sea. Decom was part of the project team in charge of removing Repsol Norge’s 30,000-ton Gyda platform, providing cutting expertise to remove conductors fro
UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships
UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships
Venture Global and EnBW expand LNG partnership
US liquefied natural gas (LNG) export project developer Venture Global and German energy company EnBW have decided to expand their existing LNG partnership to 2 million tonnes per annum (mtpa). The companies entered into 20-year sales and purchase agreements in June 2022 for 1.5 mtpa of LNG. Now, En
DVN kicks off two joint industry projects to advance floating solar sector
Two new joint industry projects have been launched to develop standards for how floating solar systems are designed, manufactured, installed and operated in a safe and cost-efficient manner.
After Poland, Norway’s Equinor also agrees to supply gas to Switzerland
Following an agreement with Poland, Norway’s Equinor has entered into another gas supply agreement, this time with Switzerland.
Bio-LNG is a solution for shipping’s decarbonisation, study confirms
Liquified bio-methane (bio-LNG) can make a major contribution to maritime decarbonisation, a new study commissioned by SEA-LNG has found.
Kraken Robotics reels in $1.1 million from AquaPix contracts
Canada’s Kraken Robotics has secured $1.1 million in contracts from two customers for its AquaPix synthetic aperture sonar (SAS) systems. The deliveries will go to the UK and Singapore for integration onto small man-portable autonomous underwater vehicles (AUVs). Kraken did not reveal the names of t
Lhyfe reveals plan for 200MW hydrogen plant in Netherlands
French green and renewable hydrogen producer Lhyfe plans to develop 200 MW plant in Delfzijl, Netherlands, as part of its ambition to establish decentralized hydrogen ecosystems of various plant sizes throughout Europe. According to Luc Grare, head of Central and Eastern Europe at Lhyfe, Delfzijl is
New UK partnership to assist engineers in overcoming career break bias
Petrofac has teamed with STEM Returners to launch a jobs scheme, which will help engineers return to STEM-related work after a career break.
Shelf Drilling buys five Noble rigs, gets two-year extension for one
Offshore drilling contractor Shelf Drilling has completed the acquisition of five jack-up rigs from Noble Corporation.
Partners ink agreement for large-scale CCS project in Norway
Horisont Energi and Neptune Energy have signed a project agreement to develop the Errai carbon capture and storage (CCS) project in Norway. The agreement builds on the Memorandum of Understanding (MoU) that was announced at the end of August. The partners are now setting up a project organization to
Allseas turns to Kongsberg Maritime’s hybrid power tech to make its vessels greener
Allseas is fitting three vessels with Kongsberg Maritime’s battery tech and intends to pursue hybrid power solutions for its other vessels.