Business Developments & Projects
EIB’s €200M loan to boost Nexans’ role in energy transition
The European Investment Bank (EIB) has granted a €200 million loan facility to Nexans to support its role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030.
Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
UK regulator says no to Konecranes, Cargotec merger
The UK CMA has provisionally found that the proposed merger of Cargotec and Konecranes raises competition concerns.
Mitsubishi Heavy wins order for Ust-Luga LNG
Linde Engineering has awarded Mitsubishi Heavy Industries (MHI) contract to supply the main refrigeration gas compression trains for the Ust-Luga LNG project in Russia.
Wood secures work on Turkey’s largest gas reserve
Scottish consulting and engineering company Wood has secured a contract with Turkish Petroleum (TP) for the Sakarya gas field development project.
World’s first multi-megawatt wind and wave energy hybrid secures test site
Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its 5MW hybrid floating wind and wave energy platform off the coast of Gran Canaria.
CGG’s new study targets CO2 storage sites in North Sea
Geophysical services company CGG has delivered a new carbon storage screening study in the Northern North Sea.
VT Group, Inovyn to develop Europe’s 1st hydrogen-fuelled chemical barge
Inovyn, a subsidiary of UK-based oil and gas company Ineos, has joined forces with Dutch bunkering company VT Group to develop Europe’s first bulk liquid chemical barge powered by hydrogen.
Canada’s first instream tidal energy project set for early 2022 delivery
Sustainable Marine has unveiled plans to start operating its floating tidal energy platform early in 2022 to demonstrate that Nova Scotia can produce vast amounts of clean and predictable energy from its world-famous tidal streams.
Korean shipyards order GTT tank design for 3 new LNG carriers
Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) have ordered the tank design for three new LNG carriers from French containment specialist GTT.
Wärtsilä and RINA join in on a hydrogen fuel solution to meet climate goals
The Finnish technology group Wärtsilä, together with class society RINA other stakeholders, is working on delivering a solution with hydrogen as fuel.
TECO 2030: Port of Narvik to build hydrogen-powered high-speed boat
Norway’s cleantech company TECO 2030 is leading a project group that will build a hydrogen-powered high-speed vessel for the Port of Narvik.
Offshore regulator probes into Equinor’s management system for materials, lifting equipment & ops
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.
OEE: Time for EU to join drive to create global ocean energy market
The voice of Europe’s ocean renewable energy industry, Ocean Energy Europe (OEE), has applauded the UK government’s decision to ringfence £20 million a year for tidal stream energy, calling the EU to step up for ocean energy as well.