Business Developments & Projects

Everfuel, Greenstat receive Enova funding for Hydrogen Hub Agder
Danish hydrogen fuel company Everfuel A/S and Norwegian energy company Greenstat ASA have been granted NOK 148 million ($14.9 million) from Enova to support the development of the Hydrogen Hub Agder.

Asso’s trenching fleet to feature Sonardyne’s underwater guidance
Greek submarine cable installation and repair specialist Asso Group has chosen underwater vehicle guidance technology from Sonardyne for its expanding trenching fleet. Specifically, the company will install Sonardyne’s subsea Lodestar attitude and heading reference sensors (AHRS) on its trenching ma

QED Naval launches crowdfunding campaign
Edinburgh-based marine energy firm QED Naval has launched a crowdfunding campaign to complete the deployment of its Subhub tidal platform and Tocardo turbines at Yarmouth Tidal Test Centre.

CMA CGM partners with MPA to speed up maritime decarbonisation
French shipping giant CMA CGM Group and Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MoU) to collaborate on the development of capabilities and solutions across maritime decarbonisation, digitalisation and innovation.

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes
The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

UK operator sees last rig in its fleet off to scrap yard
After completing the sale of a rig, which has been stacked for years, Awilco Drilling is left with no other drilling assets in its fleet.

SeaShuttle hydrogen-fuelled containership project wins Enova funding
SeaShuttle, the ambitious project to build two hydrogen-powered, remotely controlled and autonomous-ready containerships, has secured NOK 150 million (€15 million) in funding from Norwegian state enterprise Enova.

Electrification with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals
The NSTA has found that electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87%.

Banking on renewable energy, Norway outlines roadmap to turn into ‘green industrial giant’
The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.

X-Press Feeders opts for Value Maritime’s carbon capture tech
X-Press Feeders, the world’s largest independent common container carrier based in Singapore, has contracted Dutch technology firm Value Maritime to supply a carbon capture and clean-loop system for two X-Press vessels.

Geophysical survey to begin at Greenlink Interconnector route
A pre-construction geophysical survey for the Greenlink, a 500 MW subsea and underground electricity interconnector that will link Ireland and Wales, is about to begin. According to Jan De Nul’s notice to mariners, the survey of the Greenlink Interconnector route will be carried out between 26 June

CETO wave energy device completes tank testing
Carnegie Clean Energy has completed the three-week tank testing campaign of its CETO wave energy device as part of the first phase of the EuropeWave Pre-Procurement Programme.

A.P. Moller Foundation invests $45M in zero-carbon shipping centre
The Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping has received a second donation from the A.P. Møller and Chastine Mc-Kinney Møller Foundation valued at DKK 320 million ($45 million).

MacGregor to equip additional 4 Höegh Autoliners’ multi-fuel PCTCs
MacGregor, part of Finnish Cargotec, has been selected to supply comprehensive packages of roll-on/roll-off (RoRo) equipment for an additional four multi-fuel and zero-carbon ready Aurora-class pure car and truck carriers (PCTCs) ordered by Norwegian shipping company Höegh Autoliners.