Business Developments & Projects
Blue World Technologies ready to scale up methanol fuel cell tech for maritime sector
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Ocean Sun boosts half-year revenues
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
DNV approves H2Carrier’s green ammonia floating production unit design
Classification society DNV has issued approval in principle (AiP) to Norway-based H2Carrier for its industrial-scale concept for a floating production unit to produce green ammonia at sea, confirming the technical feasibility of the design. H2Carrier is the designer and owner of the proprietary P2XF
World’s largest floating offshore wind farm to start producing by year-end
The 11-turbine Hywind Tampen, the world’s first floating wind farm to power offshore oil and gas platforms, is close to producing its first power, according to Equinor’s latest press release. A milestone was reached when the first subsea cables were laid by Subsea 7 and the connection was made to Gu
ABS collaborates with NOV on subsea ammonia storage
American Bureau of Shipping (ABS) is providing new technology qualification (NTQ) services for pioneering ammonia subsea storage technology from NOV.
C-Job: Large ocean-going ships are the perfect fit for nuclear propulsion
Large ocean-going vessels have the most potential for nuclear propulsion, a new research by Dutch ship design and engineering company C-Job Naval Architects shows.
Kongsberg Maritime rolls out decision support system for vessel optimisation
Norwegian maritime technology group Kongsberg Maritime (KM) has launched EcoAdvisor, an intelligent and dynamic decision support system for optimising a range of vessel operations. The system is an outcome of a joint ‘Intelligent Efficiency’ research project between KM, DOF Subsea, Sintef, NORCE and
Partners exploring options for renewable energy hub at Corrib gas field
Vermilion Energy and Nephin Energy are looking into the feasibility of a renewable energy hub at the existing Corrib gas field offshore Ireland.
MeyGen clears first CfD hurdle for extra 28MW of tidal power
SIMEC Atlantis Energy, the developer behind the MeyGen tidal power scheme, has achieved the first contractual milestone for the delivery of additional 28MW of tidal power capacity for the project as part of the UK’s fourth contracts for difference round.
Equinor hires Wood for subsea pipeline design
Wood has won a contract with Equinor to deliver the detailed design of subsea pipelines for the Halten East development offshore Norway. Wood’s subsea and pipeline engineering team in Norway will carry out the scope, following the delivery of the concept design and front-end engineering design. The
Maersk to operate its first green warehouse in Denmark
Danish shipping and logistics giant A.P. Moller – Maersk has unveiled plans to operate the company’s first low greenhouse gas (GHG) emissions contract logistics warehouse in Denmark.
Support for fossil fuels passed $697 bln in 2021, delaying energy transition progress, says OECD and IEA
The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
Italian floating wind, green hydrogen newcomer plans 1.2 GW project offshore Bari
A recently established company that focuses on the development of renewable energy and green hydrogen projects has submitted an application for a maritime concession for a site offshore Bari. There, the Italy-based developer plans to build a 1.2 GW floating wind farm whose electricity would be used
Petrel Explorer changes hands
Green Energy Group (SeaBird Exploration) has completed the sale of its seismic research vessel Petrel Explorer. The transaction was completed on 29 August and Green Energy Group has handed over the vessel to the new owner. The sale, to an undisclosed buyer, will see the vessel leave the offshore ind