Business Developments & Projects
Eni joins technical advisory board of EU-backed wave energy project
Italian energy giant Eni has joined the technical advisory board of the IMPACT project, a collaborative research and innovation scheme which aims to develop next-gen testing approaches for wave energy devices.
Germany to break free from Russian gas with two LNG terminals
Germany has revealed plans to build two liquefied natural gas (LNG) terminals in the near future in an effort to reduce its dependence on Russian gas.
KBR will support Shell in hydrogen liquefaction
U.S. engineering company KBR has been granted a contract to provide professional services to energy giant Shell for hydrogen liquefaction development.
Nordic Hydrogen Partnership gets Nordic Innovation financing
The Nordic Hydrogen Partnership (NHP) has been granted financing by Nordic Innovation, extending its hydrogen collaboration project in the Nordic countries.
Germans launch participation procedure for subsea power link to Sweden
Germany’s Federal Maritime and Hydrographic Agency (BSH) has launched the participation procedure for the German continental shelf section of the Hansa PowerBridge subsea cable project. BSH is now accepting submissions from public interest representatives as part of the participation procedure for t
Eco Wave Power to apply for stock exchange delisting
Eco Wave Power has informed it plans to apply for delisting from Nasdaq First North Growth Market, shifting the attention to the Nasdaq Capital Market in the United States.
CMA CGM, DB Schenker fueling green container transport
Logistics companies DB Schenker and CMA CGM are moving towards decarbonising ocean freight by joining forces to offer green container transport, which immediately reduces the environmental footprint of maritime transport.
Neptune spuds North Sea prospect close to existing infrastructure
Neptune Energy has started drilling the Hamlet exploration well located in the Norwegian sector of the North Sea.
Hagland Shipping orders 3rd battery-hybrid self-unloader
Norwegian shipping company Hagland Shipping has signed a contract with Dutch shipyard Royal Bodewes for the construction of one additional 5,000 dwt self-discharging bulk carrier.
Energinet looking for Bornholm cable fault following power outage
Denmark’s energy operator Energinet has kicked off activities to re-establish the power on the submarine cable between Bornholm and Sweden following a power outage. A fault occurred on the cable at 06:17 a.m. on Saturday, 26 February, causing a power outage for Bornholm, Energinet reported. On Sunda
KN green-lights decision on FSRU Independence acquisition
Lithuanian LNG terminal operator Klaipedos Nafta (KN) has approved a decision on the acquisition of the FSRU Independence from Hoegh LNG at the end of its lease agreement in 2024.
Terntank takes delivery of second fossil-free hybrid tanker
Swedish tanker operator Terntank has taken delivery of the second 100% biofuel compatible chemical and product tanker that emits no greenhouse gases or carbon particulates during port operations.
In focus: Energy system transformation gathers pace with government-backed innovations
Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.
Winds of change to sweep through German seaports
The world is moving away from fossil fuels and so is the maritime industry. Ports — being an important maritime segment — are facing significant changes. For the German port sector, the transformation is seen as a mammoth task that lies ahead.