Business Developments & Projects
ExxonMobil joins other majors in ditching Russian projects and investments
Following the footsteps of the European giants, U.S. major ExxonMobil is also looking to exit its position from a project in Russia.
Spanish partners look into solutions for maritime decarbonisation
Spanish energy company Repsol and compatriot shipbuilder Navantia have signed a collaboration agreement to develop solutions for maritime transport decarbonisation.
$23B of Russia to UK trade to be disrupted by British ports closure to Russian ships
£17 billion ($23 billion) of annual Russian exports to the UK will be disrupted by the closure of all UK ports to Russian ships, an analysis conducted by data and analytics company Russell Group finds.
Prysmian wins €1.2 billion contract to deliver UK-Germany interconnector
Prysmian has won a contract worth around €1.2 billion to deliver the 725-kilometer NeuConnect interconnector that will directly link the German and UK electricity grids for the first time. The Italian cabling giant will provide the turnkey design, manufacturing, installation, testing and commissioni
RW Power installs wave-powered desalination pump off Canary Islands
Norwegian company RW Power has installed its wave energy-powered seawater pumping device for a new set of trials at the Oceanic Platform of the Canary Islands (PLOCAN).
SEA-KIT expands production facility to answer growing USV demand
SEA-KIT is expanding its Tollesbury production facility on the UK’s East Coast to deliver on a growing uncrewed surface vessel (USV) order book, with new jobs set to be created. According to SEA-KIT CEO Ben Simpson, the current order book means that the company is moving from one to three production
World’s 1st large-scale e-methanol project to fuel Maersk’s boxships
Technology firm Siemens Energy has secured an order from European Energy to deliver an electrolyzer plant for what is deemed as the world’s first large-scale commercial e-methanol project.
Eureka Shipping secures $32M loan for three ECO cement carriers
Germany’s bank KfW IPEX-Bank is providing a €29 million (about $32 million) loan for the financing of three 4,250 dwt ECO cement carrier newbuildings for Cyprus-based shipping company Eureka Shipping.
NFE and Eni team up for Fast LNG in Congo
New York-based LNG infrastructure company New Fortress Energy (NFE) has signed a deal with Italian energy giant Eni to deploy its Fast LNG floating liquefaction technology off the coast of Congo.
Gastrade plans Sea of Thrace FSRU
Gastrade is planning the Thrace INGS project that will include its second floating storage and regasification unit (FSRU) at the Sea of Thrace, offshore Alexandroupolis.
Shearwater returns to Edvard Grieg, divests four seismic vessels
Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed
Mocean Energy lands funds to build wave energy device for oil and gas sector
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
Työvene to build dredger for Polish maritime administration
Finnish shipbuilder Työvene and Maritime office of Gdynia has signed a contract worth €20 million for the construction and delivery of a trailing suction hopper dredger (TSHD). According to shipbuilder, the order is a result of a tender where the design developed by Työvene and Dutch partners C-Job
Baltic Pipe to restart paused construction as it obtains new environmental permit
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a