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Business Developments & Projects

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Business Developments & Projects

Swedish tidal energy developer sees South Korea as ‘highly attractive market’

Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim

about 1 year ago

Business Developments & Projects

MSC Cruises marks back-to-back shore power connections in Malta

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The cruise division of the Switzerland-based shipping heavyweight Mediterranean Shipping Company (MSC) has marked another decarbonization target as complete, having connected two of its vessels to shore power in Valetta, Malta. According to the company’s officials, the MSC World Europa—the maritime

about 1 year ago

Business Developments & Projects

Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech

DeepOcean as the project owner and its five partners have launched a joint industry project to commercialize an innovative subsea flowline heating technology designed to reduce manufacturing and installation costs by up to 35% and carbon emissions by 30% through the separation of pipeline and heatin

about 1 year ago

Business Developments & Projects

UK Ammonia Alliance launches to power decarbonization and economic growth

A coalition of businesses has formed the UK Ammonia Alliance (UKAA) to drive adoption of low-carbon ammonia across industry, energy, agriculture, and transport to support the UK’s energy security, decarbonization, and economic growth.

about 1 year ago

Business Developments & Projects

QatarEnergy makes use of ‘largest LNG receiving terminal’ in Europe

QatarEnergy has started utilizing liquefied natural gas (LNG) storage and regasification capacity at a giant LNG terminal in the UK, which is described as Europe’s largest LNG regasification terminal, located at Isle of Grain to the east of London.

about 1 year ago

Business Developments & Projects

Turkish-built, methanol-powered subsea vessel faces deferred delivery

The delivery of a next-generation subsea vessel being built at the Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas has been delayed for the third quarter of 2026, instead of the initial plan for early next year. The 100-meter-long Viking Vigor will be powered by methanol and, upon

about 1 year ago

Business Developments & Projects

Norwegian Cruise Line and Repsol ink long-term renewable marine fuels deal

Cruise company Norwegian Cruise Line Holdings (NCLH) and Spanish multi-energy player Repsol have established “an unprecedent long-term relationship within the cruise industry” with a landmark 8-year agreement covering supply of renewable marine fuels at the Port of Barcelona.

about 1 year ago

Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy

Business Developments & Projects

North Sea FPSO back online after temporary production halt

Serica Energy has disclosed the restart of production from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS).

about 1 year ago

Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways

Business Developments & Projects

UK firm set on quadrupling gas and hydrogen energy storage capacity with new license push

With energy storage capacity growth in mind, EnergyPathways, the England-based energy transition-focused player, is moving forward with its expansion aspirations by pursuing new storage license applications for its proposed large-scale offshore wind-powered energy storage project in the East Irish S

about 1 year ago

Business Developments & Projects

Aasen Shipping takes delivery of new hybrid methanol-ready self-discharger

Norwegian shipping company Aasen Shipping has taken delivery of a new hybrid methanol-ready self-discharging general cargo vessel, Aasvaer.

about 1 year ago

Business Developments & Projects

EU puts its foot down on Russian oil & gas imports with gradual phase-out

The latest step taken to end the EU’s dependence on Russian fossil fuels is contained within its plans to gradually ban imports of oil, gas, and liquefied natural gas (LNG) from next year, with limited exceptions for existing short-term and long-term contracts. This legislation is described as a res

about 1 year ago

Business Developments & Projects

Nigerian oil & gas firm orders two new UK-made remotely operated vehicles

UK’s Forum Energy Technologies (FET) has secured an order from Nigerian oil & gas company Marine Platforms (MPL) for the delivery of two of its new generation work-class remotely operated vehicles (WROVs). The contract secured by FET’s Subsea product line marks the first sale of the XLX EVO III, whi

about 1 year ago

Business Developments & Projects

HelioRec seeks partners to boost global floating solar presence

French floating solar company HelioRec is looking to strengthen its global footprint by partnering with distributors and commercial representatives for its floating solar systems. According to the company, its patented technology is designed for lakes and nearshore areas, providing a “reliable and c

about 1 year ago

Åsgard B platform; Credit: Gudmund Nymoen/Equinor

Business Developments & Projects

Major modifications at Norway’s offshore oil & gas field are a go

Norwegian state-owned energy giant Equinor has received the blessing from the country’s authorities for the subsea tie-back in the Norwegian Sea to up the hydrocarbon production ante at its field off the coast of Norway.

about 1 year ago