Business Developments & Projects

Jack-up rig hired for drilling on gas field offshore Turkey
Trillion Energy has signed a definitive offshore drilling services contract with GSP to secure a jack-up rig for a campaign offshore Turkey.

Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables
Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.

Hellenic Cables’ net-zero targets approved
The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f

Star Bulk: Green shipping corridors simplify the decarbonisation challenge
Last month, Greek dry bulk shipping company Star Bulk joined a landmark initiative that aims to create the first of its kind green corridor between Australia and East Asia for shipping iron ore.

Gravitricity and Arup secure funding to develop below ground hydrogen storage
Gravitricity and Arup have secured $372,073 from the UK goverment to study storing hydrogen in purpose-built underground shafts.

Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar
The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.

HySupply winners to receive government funding for hydrogen supply innovation
The goverment of the UK will grant $74.3 million (£60 m) to HySupply competition winners to provide funding for projects to develop innovative low-carbon hydrogen supply solutions.

Fugro Mercator to survey Statkraft’s Irish offshore wind site
Fugro is set to kick off a geophysical survey campaign at the North Irish Sea Array (NISA) offshore wind project at the end of May. The 42-meter long survey vessel Fugro Mercator is expected to carry out the operations between 27 May and 30 June, weather permitting, at the site located off the coast

Prosafe eyes Brazil market for future employment of two delayed newbuilds
Prosafe has agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units.

Two Norwegian players to explore the use of hydrogen as ‘fuel for the future’ in maritime sector
Golden Energy Offshore has teamed up with Gen2 Energy to explore the use and availability of hydrogen-based fuel in the maritime industry.

EU sets out plan to tackle double whammy of dependence on Russian fossil fuels and climate crisis
The European Commission has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.

DEME’s offshore installation vessel Orion in LNG bunkering op
DEME’s new installation vessel Orion has officially joined the fleet and wrapped up a ship-to-ship LNG bunkering operation.

N-Sea sends off pontoon for Gwynt y Môr cable repair project
Multi-purpose pontoon NP459 is en route to the Gwynt y Môr offshore wind farm where it will work on repairing one of the project’s export cables. The 82.5-meter long pontoon passed N-Sea Group’s head office yesterday, 17 May, through the river Oude Maas in Dordrecht on its way to the Gwynt y Môr pro

Gasunie and Fluxys team up on North Sea Port hydrogen network
Gasunie and Fluxys have joined forces for a Dutch-Belgian hydrogen network connection in North Sea Port.