Business Developments & Projects
Neptune getting rid of non-core assets in Norway
Neptune Energy will divest its non-operated working interests in three producing fields and two export pipelines in Norway.
Purus Marine buys two LNG carriers
London-based maritime holding company Purus Marine has acquired two 180,000 cubic metres LNG carriers (LNGCs).
French offshore renewable energy hybrid leaves sea after two-year trial
The WAVEGEM hybrid autonomous platform, which generates clean power by exploiting both solar and wave energy, has been retrieved ashore after two years of tests at the SEM-REV site offshore France.
Draft COP26 deal calls for phasing out fossil fuels subsidies as U.S. and China tie up for climate action
As the final day of the COP26 conference is approaching, the pressure to end the era of fossil fuels is mounting and all eyes are on Glasgow.
GES to prepare existing Rotterdam terminal for low-carbon future
Singapore-based storage terminals operator Global Energy Storage (GES), which launched in May this year, has unveiled its first major investment at Europoort in the Port of Rotterdam, the Netherlands.
Shell and RWE team up on H2 production, use and distribution
Shell and RWE Generation have signed a memorandum of understanding (MoU) to jointly advance projects for the production, use and distribution of green hydrogen (H2).
Solstad keeps CSVs busy with new contracts
Norwegian shipowner Solstad Offshore has secured two term contracts for its medium sized construction support vessels (CSVs).
Oceans of Energy plans twentyfold scale-up of floating solar plant in North Sea
Dutch offshore floating solar specialist Oceans of Energy has announced the upscaling of the world’s first offshore solar farm system for 20 times to 1MW in capacity.
Minesto’s largest owner sells part of stake in tidal energy company
Minesto’s largest owner, BGA Invest, has sold 4.8% of shares in the tidal energy company to the European financial fund.
AYRO wins EMFF grant to boost its wingsail tech
French wind propulsion specialist AYRO has received a grant from the European Maritime and Fisheries Fund (EMFF) for its wingsail project WINNEW.
AqualisBraemar LOC buys ship design business from Damen
Energy and marine consultancy AqualisBraemar LOC will acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen shipyards.
Offshore regulator looking into incident on Equinor’s Troll C platform
The regulator has launched an investigation following findings of corrosion on Equinor-operated Troll C platform’s gas compressor coolers.
Vår Energi aims for net-zero emissions from all 35 oil & gas fields by 2030
Norwegian oil and gas company Vår Energi is setting new climate goals, aiming to be climate neutral in Scope 1 and 2 activities by 2030.
Noble shareholders voice concerns over Maersk merger plans despite ‘appealing optics’
Following an announcement that Maersk Drilling and Noble Corporation are merging, certain shareholders have voiced their concerns.