Business Developments & Projects
REPowerEU: Renewables industry calls for ‘bolder action’ on cleantech innovation
Ocean Energy Europe (OEE) has signed a joint letter supporting the objectives of the REPowerEU Plan to phase out Europe’s dependency on fossil fuels faster, calling also for ‘bolder action’ on the accelerated roll-out of renewable energy.
Third hybrid RoRo newbuild joins Finnlines’ eco fleet
Finnish shipping company Finnlines has taken delivery of the third and the last of three roll-on/roll-off (RoRo) vessels in the company’s new Eco class. The vessel, named Finneco III, was delivered at the China Merchants Jinling Shipyard (Jiangsu) on 6 June 2022. Finneco III will enter the company’s
DeepOcean sees major revenue jump following diversification moves
DeepOcean has reported a revenue of $499.4 million for 2021, an increase of 42% from the $352.5 million in 2020, said to be driven by structural changes that the company undertook to strengthen and drive its diversification strategy. DeepOcean secured an order intake of $542 million in 2021 and had
Equinor bites the dust in North Sea well despite ‘play opener’ expectations
Norwegian oil and gas giant Equinor has found no traces of a hydrocarbon reservoir after drilling a North Sea well off Norway.
CMA CGM orders its first methanol-powered containerships
French shipping and logistics major CMA CGM has placed its first order for methanol-powered vessels in an effort to expand its energy mix and become carbon neutral by 2050.
BIO-UV Group completes its first full turnkey BWTS project
France-based BIO-UV Group has retrofitted the general cargo ship MSC Caledonia II with BIO-SEA ballast water treatment systems (BWTS) in what is said to mark the completion of the company’s first full turnkey BWTS project. As part of the project, the 35,079 dwt ship was retrofitted in Port Khalid, S
French tidal energy company bags €2.5M investment
French company Sabella has collected €2.5 million through bond issue to help support its tidal energy business and activities.
SINTEF designs world’s first electric speedboat
SINTEF, a Norway-based independent research organisation, has designed “the world’s first electric speedboat” as part of a European research project aimed at creating an emission-free boat.
Dutch player secures permit to develop North Sea gas field with wind-powered platform
ONE-Dyas has been granted a final permit for the development of the N05-A gas field located in the North Sea.
Carnegie, Hewlett Packard Enterprise boost CETO wave device performance
The collaboration between Carnegie Clean Energy and Hewlett Packard Enterprise (HPE) has delivered significant improvements to the performance of CETO wave energy device.
Cortus Energy, Glocal Green plan production of renewable methanol for shipping
Swedish green technology company Cortus Energy has entered into a term sheet with the Norwegian company Glocal Green AS after completing technical verification of gasification of forest residues for the production of renewable methanol for shipping.
Activists target UK govt in protest against Shell’s Jackdaw project
Activists from environmental organisations have staged protests in the UK in response to the government’s approval of Shell’s Jackdaw gas project.
Surveys underway at planned Celtic Sea floating wind farm
N-Sea has commenced geophysical, (limited) UXO and environmental surveys within the area of the White Cross floating offshore wind project in the Celtic Sea. The activities, which began on 29 May, will see the company survey the offshore wind farm location and the project’s export cable route corrid
Sabella’s 1MW tidal turbine starts exporting power in France
French company Sabella has started exporting power to the Ushant Island’s grid, following the redeployment of its D10 tidal turbine in the Fromveur Passage.