Business Developments & Projects
MAN ES finds another Korean partner for EEXI solution
German engine manufacturer MAN Energy Solutions has signed a cooperation agreement with South Korean company STX Heavy Industries (STX HI) to deliver its three Energy Efficiency eXisting ship Index (EEXI) solutions to MAN B&W-branded low-speed engines manufactured by STX HI.
National Grid’s early payment of interconnector revenues to cut household bills
Ofgem has approved National Grid’s request to make early payments to consumers of £200 million over the next two years as part of the regulatory regime for electricity interconnections. National Grid has offered to pay interconnector revenues ahead of schedule rather than at the end of the standard
Europe eyes gas-rich African nations for new supplies, Rystad says
Africa is conservatively forecast to reach peak gas production at 470 Bcm by the late 2030s, according to Rystad Energy research.
Port of Kiel to get more shore power plants on journey to net zero
Port operating company Seehafen Kiel has commissioned technology company Siemens AG to build two onshore power plants in the Ostuferhafen at the Port of Kiel.
Chinese floating solar modules supplier on point for Ocean Sun’s project
China-based GCL System Integration Technology (GCLSI) has provided solar modules for Ocean Sun’s floating solar project in Albania, which will be expanded to 2MWp by the end of the year.
XOCEAN buys Irish survey specialist Geomara
Ireland-based ocean data company XOCEAN has completed the acquisition of compatriot hydrographic survey company Geomara as part of its strategic global growth plan. The acquisition follows the investment of €8 million in September last year aimed to accelerate XOCEAN’s growth. Geomara has been provi
Bureau Veritas approves electro-hydrogen power generator for maritime industry
Classification society Bureau Veritas (BV) recently approved the second generation of the REXH2 developed by Energy Observer Developments (EODev), a turnkey electro-hydrogen power generator for the supply of low carbon electricity onboard ships.
Nova Innovation showcases tidal turbine ahead of installation in Canada
Scottish company Nova Innovation has welcomed Nova Scotia’s premier Tim Houston at its facilities to showcase the first turbine to be deployed in the waters of Petit Passage in July 2022.
Noreco CFO takes over CEO role as well
Noreco has appointed its CFO as its new CEO, enabling him to carry out the required duties for both roles in the future.
Sustainability-led investor buys majority stake in new UK interconnector
Sustainability-led infrastructure and private equity investment manager Foresight Group Holdings Limited has acquired a majority stake in the MaresConnect interconnector project. The firm completed the acquisition through its energy transition fund Foresight Energy Infrastructure Partners (FEIP), wh
North Sea well comes up dry for Aker BP
Oil and gas company Aker BP has concluded the drilling of a wildcat well in the North Sea offshore Norway but it failed to find hydrocarbons.
Safety regulator investigating lifting incident on Odfjell rig
Norwegian offshore safety regulator has launched an investigation into a lifting incident on one of the Odfjell Drilling-owned rigs.
Sustainable Marine exports first floating tidal power to Nova Scotia grid
UK-based marine energy company Sustainable Marine has harnessed the enormous tidal currents in Canada’s Bay of Fundy, delivering the first floating in-stream tidal power to Nova Scotia’s grid.
Polish firm to scale up Norwegian gas production in push for ‘more energy security’
PGNiG Upstream Norway plans to produce an additional volume of approximately 0.5 billion cubic meters of natural gas this year.