Business Developments & Projects
Fratelli Cosulich, RINA team up on ammonia bunker barge
Shipping company Fratelli Cosulich Bunkers Singapore (Fratelli Cosulich) has signed a joint development project (JDP) agreement with Italian classification society RINA and Singapore-based vessel design specialist SeaTech Solutions to develop an ammonia bunker tanker design.
Gasum sells Risavika LNG plant to NSMP
The Nordic energy company Gasum has reached an agreement with North Sea Midstream Partners (NSMP) on the divestment of the Risavika LNG liquefaction plant.
NjordIC to provide UXO services for He Dreiht offshore wind farm
The Dutch UXO consultancy NjordIC has been contracted by EnBW to provide UXO services for the He Dreiht offshore wind project in Germany. Under the contract, which will start in the first quarter of 2022 and run until the third quarter of the year, NjordIC will provide a UXO desk study consisting of
Entire Ærfugl field now online, Aker BP says
Norwegian oil and gas company Aker BP has started production from the Ærfugl phase 2 project located in the Norwegian Sea.
Offshore drillers see meaningful improvement in market environment
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
GTT YTD revenues in line with expectations
French LNG containment specialist Gaztransport & Technigaz (GTT) says its revenues for the first nine months of 2021 are in line with expectations.
Storengy picks Elogen for green H2 storage project HYPSTER
French energy major Engie’s subsidiary Storengy has selected a GTT group company Elogen as part of the HyPSTER project, the first green hydrogen storage project supported by the EU.
Maritime tech group: Energy efficiency technologies deserve greater priority
Maritime industry is in danger of losing out on a huge opportunity to make gains in tackling the climate emergency, by only focusing on a narrow set of measures and having a preoccupation with new fuels.
QED Naval seeks partners to fast-track Subhub commercialisation
Scottish marine energy company QED Naval has launched invitation to tenders to fast-track the commercialisation and scale-up of its next generation Subhub tidal energy platform.
TenneT presents 6 GW offshore wind grid solution for Germany
TenneT has presented a new technological solution in Germany which can significantly accelerate offshore grid expansion for wind power in the North Sea and accommodate the build-out of 6 GW of offshore wind capacity in Germany three years earlier. The solution includes TenneT’s 2 GW standard for dir
Reducing ship emissions: ABB, HGS partner up on engine optimization service
Hyundai Global Service (HGS), part of South Korean shipbuilder and engine maker Hyundai Heavy Industries (HHI), has teamed up with Swiss company ABB Turbocharging to offer an engine part-load optimization (EPLO) service for shipowners seeking to cut emissions in line with the International Maritime
Vår Energi refinances with $6 billion loan from 12 banks
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.
Maersk reports record earnings, acquires German freight forwarder
Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings.
Neptune wraps up methane study in push to drive down emissions from O&G
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.