Business Developments & Projects
In focus: COP26 shows world a glimpse of how it could be
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies
Cheniere and Engie sign LNG supply agreement
U.S. LNG exporter and producer Cheniere Energy has signed a medium-term LNG supply agreement with French energy major Engie.
New alliance launched at COP26 aims to set an end date for oil and gas production
A new global alliance has been announced during the COP26 summit in Glasgow, aiming to seek a managed phase-out of oil and gas production.
Mystery buyer takes possession of Solstad vessel
Solstad Rederi, a subsidiary of the offshore vessel owner Solstad Offshore, has sold one of its vessels to an undisclosed buyer.
MarineSpace secures environmental work for Morlais tidal scheme
Marine planning and environmental consultancy MarineSpace has secured a contract from Menter Môn related to the environmental monitoring for the Anglesey tidal energy project.
Höegh Autoliners raising money to fund ammonia-ready ships
Norwegian RoRo shipping company Höegh Autoliners has decided to launch a private placement of new shares and list the company’s shares on Euronext Growth Oslo in order to accelerate decarbonization investments. As informed, the private placement is expected to raise gross proceeds in the region of N
Norwegian player to hop on the CCS bandwagon
Lime Petroleum has inked a deal with Nautilus Carbon Services to take part in a carbon capture and storage (CCS) project in Norway.
EMEC seeks geophysical survey contractor at Wave Hub
The European Marine Energy Centre (EMEC) has opened a tender for the provision of geophysical survey and geotechnical investigation services.
Hapag-Lloyd enjoys earnings momentum, appoints first-ever female CIO
German container shipping company Hapag-Lloyd wrapped up the first nine months of this year with significantly higher earnings than in the corresponding period last year.
CorPower Portugal shares its wave energy mission with the community
CorPower Ocean recently opened its Portuguese base to the public and school students to share its pioneering work in wave energy, and vision to support the future green energy transition.
FSRU LNG Croatia receives 16th cargo and 1st one from Egypt
The FSRU LNG Croatia has received its 16th LNG cargo when LNG tanker Cool Explorer brought it from Egypt.
Argeo to provide AUV services for mystery client in America
Marine survey contractor Argeo had been selected for an autonomous underwater vehicle (AUV) work for a mystery client.
Prysmian buys Swiss fiber optic monitoring provider
Italian cabling giant Prysmian Group has completed the acquisition of Switzerland-based fiber optic monitoring solutions provider Omnisens.
Teekay LNG Partners tops off Norwegian bond offer
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has priced NOK 1,000 million ($115,194) in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market.