Business Developments & Projects
Fincantieri inks €500M sustainability-linked loan to build cruise ships
Italian shipbuilder Fincantieri has signed a sustainability-linked revolving credit facility with compatriot bank Intesa Sanpaolo for a maximum amount of €500 million (around $505 million). According to Fincantieri, the three-year financing is aimed at covering the financial requirements of the cons
Spanish developer plans another floating wind farm in Italy
The western coast of Sardinia could see a floating wind farm of a little less than 500 MW being built by a Spain-based renewable energy developer, which is so far known to have submitted at least two applications for floating offshore wind projects in Italy. Following the recent news on Acciona’s ap
Fugro completes IJmuiden Ver V and VI site investigation
Fugro has completed a geotechnical site investigation at the IJmuiden Ver (Noord) V and VI offshore wind farm sites in the Dutch North Sea for the Netherlands Enterprise Agency (RVO), as part of the geophysical survey package the company was awarded earlier this year. Fugro worked from a third-party
Enagas in key step for El Musel LNG terminal start-up
Spanish energy company Enagás has obtained the administrative authorisation for the El Musel LNG plant, a key step for the start-up of the terminal, which could be operational within six to eight months.
Euronav Frontline tie-up to capitalise on sustainable shipping opportunities
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have entered into a definitive agreement to create a global independent tanker operator.
C-Job to design first fully electric Ro-Pax ferry in Greece
Greek ferry operator Saronic Ferries has selected the Netherlands-based ship design and engineering company C-Job Naval Architects to develop the design of the first fully electric roll-on/roll-off passenger (Ro-Pax) ferry in Greece. As disclosed, C-Job has delivered an initial design to Saronic Fer
Ofgem approves Final Needs Case for Eastern HVDC subsea links
UK energy market regulator Ofgem has approved the Final Needs Case (FNC) for the proposed Eastern HVDC electricity transmission projects, conditional on the projects securing the necessary planning consent. National Grid Electricity Transmission (NGET), SP Transmission and Scottish Hydro Electric Tr
Wave-powered breakwater DIKWE starts sea trials in France
The DIKWE project – being developed by a consortium of French companies including Legendre Group, GEPS Techno, and Ifremer – has seen the deployment of a prototype breakwater equipped with wave energy converters in Sainte Anne-du-Portzic, near Brest.
Rovco charters Vroon vessel for offshore wind campaigns
Rovco has signed an agreement with Vroon Offshore Services for the charter of offshore support vessel VOS Star for the delivery of its offshore wind projects. The 68-meter long DP2 multi-purpose support vessel will support Rovco’s offshore wind campaigns throughout 2022, including the provision of s
Friedrich Vorwerk wins Brunsbüttel LNG pipeline contract
German energy infrastructure provider Friedrich Vorwerk Group has won the major contract for the realisation of the connecting pipelines for the Brunsbüttel LNG terminal.
MOL Drybulk, Drax target reduced biomass shipping emissions with wind power tech
Japanese shipping company MOL Drybulk and the UK-based renewable energy company Drax Group have formed a partnership to reduce emissions and fuel costs associated with shipping biomass by deploying wind power technology on vessels. As part of their partnership, the companies plan to facilitate the d
GOGL orders three more dual-fuel Kamsarmaxes to future-proof its fleet
Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has entered into agreements for the construction of three 85,000 dwt ECO-type dual-fuel vessels.
North Sea firm to reinforce energy security by buying ‘one of the largest undeveloped fields in the UK North Sea’
Waldorf Production has inked a deal to buy the entire share capital of Alpha Petroleum from Shorelight Partners to bolster energy security.
Jack-up rig joins Saipem fleet ahead of five-year gig
A 400-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem following a naming ceremony in China.