Business Developments & Projects
EU: EuroAsia power link gets highest grant in €1B energy infrastructure investment
Under the Connecting Europe Facility (CEF) for trans-European energy networks, the EuroAsia Interconnector project will receive €657 million.
Wavepiston kicks off installation ops for wave-powered desalination system
Danish wave energy company Wavepiston has started with the installation operations for its wave-powered desalination system in Canary Islands.
Hapag-Lloyd reports $12.8 billion operating profit amid strong demand
German container shipping company Hapag-Lloyd reported an “extraordinary” strong operating result in 2021, driven by high freight rates.
d’Amico-led biofuel trial confirms positive reduction in CO2 emissions
The joint industry project launched in June 2021 to test biofuel blend (B30) derived from renewable feedstock to power a d’Amico Group LR1 product tanker, showed positive findings in terms of the reduction of CO2 emissions, reduced carbon intensity, and stable NOx emissions.
Norsepower rotor sail tech wins RINA AiP
Finnish cleantech company Norsepower has been granted approval in principle for its rotor sail technology solution from classification society RINA.
Nauticus Olympic Arm completes IKM Subsea’s all-electric ROV system
Norway-based IKM Subsea has selected Nauticus Robotics’ fully electric work-class manipulator Olympic Arm for its subsea resident remotely operated vehicle (ROV) system.
SBS inks deal for tidal energy projects in Indonesian straits
UK-based tidal energy developer SBS has signed a two-year memorandum of understanding (Mou) with state-owned enterprise Indonesia Power for the development of tidal energy projects in Larantuka and Boleng straits.
Equinor unveils key document for Barents Sea project with development plan due by year-end
Equinor has presented an impact assessment for the development and operation of Wisting development located in the Barents Sea off Norway.
Dunkerque LNG terminal offers 3.5 bcma regasification capacity
Dunkerque LNG, the owner and operator of France’s Dunkirk LNG import terminal, has put on offer 3.5 billion cubic meters per annum of regasification capacity with a minimum of three years between 2023-2036.
Fresh well lined up for Stena rig in North Sea
Offshore drilling contractor Stena Drilling has secured a new contract with Petrofac for operations in the UK North Sea.
TotalEnergies to resume Mozambique LNG project in 2022
French energy giant TotalEnergies wants to restart the $20 billion Mozambique LNG project this year after it has been put on hold due to an insurgent attack.
Van Oord uses iXblue subsea positioning tech for French OWF piles installation
Dutch maritime contractor Van Oord has deployed iXblue’s Long Baseline (LBL) subsea positioning solution to conduct the installation of 190 offshore wind farm piles in the Bay of Saint-Brieuc, France.
Yield identified as key cost reduction driver for HelioRec floating solar tech
Under the auspices of the Marine Energy Alliance (MEA) project, a French start-up HelioRec worked together with Irish techno-financial analysis provider Exceedence on the assessment of levelized cost of energy (LCOE) and key cost drivers for the company’s floating solar technology.
Spanish companies present plans for country’s largest floating wind farm
A joint venture company established by two Spanish renewable energy businesses has submitted initial plans for a gigawatt-scale floating offshore wind farm to the Spanish government, informing the authorities of its intention to explore and assess the implementation of the project.