Business Developments & Projects
Japan Bank joins Hy24-managed Clean H2 Infra Fund
The Japan Bank for International Cooperation (JBIC) signed an agreement for equity participation in the Clean H2 Infra Fund of France, managed by Hy24.
Peel Ports eyes 70% landside carbon emission reduction by using greener fuels
UK port operator Peel Ports is to use greener alternative fuels for straddle carriers and plant equipment across the majority of its estate, starting from 1 April.
Hellenic Cables to connect several Greek islands
Greece’s Hellenic Cables has secured a contract with the Hellenic Electricity Distribution Network Operator (HEDNO) to undertake the implementation of several new interconnections between islands. As the main contractor, Hellenic Cables is in charge of the production and supply of submarine cables,
Neptune to deliver spreader pontoon for Femern
Neptune Marine has won a contract for the delivery of a spreader pontoon for Femern Link Contractors (FLC). The vessel will be used for construction of the tunnel between Denmark and Germany, said Neptune. The main function will be back fulling of the tunnel elements with sand. Besides that, the ves
Hyundai Samho orders LNG tank design from GTT
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design for a new LNG carrier from French LNG containment specialist GTT.
Canada stalls decision on giant new oil project while environmentalists call for rejection and shift to wind
The ever-widening chasm between the oil and gas industry and environmentalists is evident in this as well as other new oil projects, think of Cambo in the UK, as each group holds a vastly different opinion on the effects that this project development would have within the context of the energy trans
Breeze to design ammonia-fueled oil tanker
Norwegian ship design company Breeze Ship Design will design an ammonia-powered oil tanker as part of the Norway-backed Green Shipping Program (GSP).
Post-merger with Aker BP, Lundin Energy leaving behind oil & gas business to focus on renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will leave behind renewable energy assets.
Plexus to suspend activities with Russian licensee
Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its Russian licensee Gusar until further notice as a result of the ongoing situation in Ukraine. Plexus has a license agreement with Gusar under which the Russian company is able to supply the Russian and CIS
RINA, 5M Renewables to develop floating green hydrogen production vessel
Italian classification society RINA has signed a memorandum of understanding (MoU) with marine systems provider 5M Renewables for the collaboration on the concept development for the floating green hydrogen production vessel.
Marine Power Systems looking for wind turbine supplier
Marine Power Systems (MPS) has launched a tender searching for a contractor to support the engineering, procurement and construction management (EPCM) of the wind turbine system for its combined wave energy and floating wind solution. Applicants are invited to submit their expressions of interest by
Havyard to convert Norled’s diesel ferry to electric operation
Norwegian ferry operator Norled has contracted compatriot shipyard Havyard Leirvik to convert its MF Ibestad ferry to electric operation with hybrid capacity in line with the green shift.
IOG takes final step to first gas from UK project
IOG is finishing the final works required for the start-up of its Saturn Banks Project – Phase 1 to bring it online next week.
Austria’s OMV stops pursuing investments in Russia due to Ukraine crisis
Austria’s oil and gas company OMV is also reevaluating its engagement in Russia following the attack on Ukraine.