Business Developments & Projects
Equinor finds ‘high-value barrels’ in North Sea
Equinor has made a significant hydrocarbon discovery with excellent reservoir quality in the Kveikje exploration well, located off Norway.
EDP Renewables secures grid link in floating solar auction in Portugal
EDP Renewables (EDPR) has secured grid connection deal as part of floating solar auction in Portugal, expected to enable the company to install up to 154MW of renewable energy capacity.
Amon Maritime, BSM form ammonia-powered ship management JV
Hamburg-based maritime services company Bernhard Schulte Shipmanagement (BSM) and the Norwegian ammonia specialist Amon Maritime have decided to form a 50/50 joint venture named Ula Ship Management.
Zero-Emission Shipping Mission publishes Industry Roadmap
Zero-Emission Shipping Mission, which aims to accelerate international public-private collaboration to scale and deploy new green maritime solutions, has published the Industry Roadmap as a step closer to achieving its goal.
Wärtsilä, partners join forces to speed up ammonia engine development
A consortium of shipping stakeholders, coordinated by the technology group Wärtsilä, is working to develop demonstrators for two-stroke and four-stroke marine engines running on ammonia fuel.
CGG and Kent partner up for hydrogen and CCUS
French geophysical services firm CGG and Dubai-based energy engineering company Kent will work together on CCUS development and hydrogen production and supply.
Grieg Edge’s green ammonia tanker design gets DNV’s approval
Classification society DNV has issued an Approval in Principle (AiP) for the design of a green ammonia tanker that also runs on green ammonia developed by LMG Marin, Wärtsilä and Grieg Edge.
CoolCo buys 5th and 6th LNG carrier from Golar LNG
The newly formed shipping firm CoolCo has completed acquisition of fifth and sixth out of eight LNG carriers from Bermuda-based shipper Golar LNG.
Bornholm to become green fuel hub for 60,000 ships
Bornholm Bunker Hub, an international shipping consortium, has come one step closer to establishing a green bunkering station at Bornholm after conducting a feasibility study and is looking for partners and customers seeking to accelerate decarbonisation and refuel vessels with sustainable fuels. Th
N-Sea boosts its subsea services offering with new vessel addition
N-Sea Group has entered into an agreement with DOF Subsea Rederi to acquire the multipurpose support vessel Geosea with the aim of strengthening its subsea services. The vessel has been under management by N-Sea on a long-term vessel agreement with DOF Subsea Rederi for the last few years and has wo
Sempra signs Cameron LNG Phase 2 deal with partners
U.S. energy company Sempra Infrastructure has signed a deal for the Cameron LNG Phase 2 export project with TotalEnergies, Mitsui, Mitsubishi, and NYK.
World Bank: How can carbon revenues support the green transition of shipping?
The money raised through carbon pricing could be allocated towards many purposes. The decarbonization of the shipping industry itself is priority number one, according to a new report released by the World Bank.
MPC Container Ships orders two 5,500 TEU green methanol-ready vessels
Norwegian container tonnage provider MPC Container Ships has ordered two 5,500 TEU wide beam eco-design vessels to improve the environmental footprint of its fleet.
Denmark uncovers emission reduction potential of North Sea electrification
The Danish Energy Agency has published an analysis of the potential for reducing CO2 emissions from domestic oil and gas extraction by electrifying the platforms in the North Sea.