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Business & Finance

EU called to unlock investments in production of clean maritime fuels

Clean Maritime Fuels Platform, an industry initiative aiming to enhance communication between the shipping sector and fuel producers, has called on policymakers to create regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.

about 2 years ago

Business & Finance

Christiania Shipping concludes acquisition of stainless steel chemical carrier operator

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Chemical ship-owning and chartering company Christiania Shipping has finalized the acquisition of NAVQUIM Holding, an owner and operator of stainless steel chemical carriers. Christiania Shipping announced the acquisition of NAVQUIM Holding from Sogestran Shipping at the beginning of September 2024.

about 2 years ago

EnQuest gives out HVAC contract for its UKCS assets

Business & Finance

EnQuest gives out HVAC services contract for its UKCS assets

London Stock Exchange-listed energy player EnQuest has awarded engineering, procurement, and construction (EPC) services provider Nexos, formerly known as Global E&C, with a contract for heating, ventilation, and air conditioning (HVAC) services for its offshore assets on the UK Continental Shelf (U

about 2 years ago

Business & Finance

Planning application submitted for ‘key element’ of Scottish Pathway to 2030 investment program

SSEN Transmission has submitted a planning application to Aberdeenshire Council for a hub that will comprise the converter stations of the Spittal to Peterhead and the Eastern Green Link 3 links, among others, seen as a crucial component of the £20 billion Pathway to 2030 investment program in the n

about 2 years ago

Business & Finance

Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe

Australian energy company Provaris has secured A$1.5 million (around US$985,000) via a share placement to support its priority business developments related to hydrogen and CO2 projects in Europe. The funding, raised through a well-subscribed placement supported by existing and new institutional and

about 2 years ago

Business & Finance

Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 2 years ago

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry.

Business & Finance

Marine Energy Wales and National Hydropower Association forge cross-Atlantic partnership to boost marine energy

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry. The agreement seeks to leverage the strengths of each organization to promote industry growth, share expertise,

about 2 years ago

Business & Finance

Equinor, LS Cable & System ink South Korean floating wind agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

about 2 years ago

Business & Finance

Seaway7 wins East Anglia Two inter-array cable contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between $150 million and $300 million, as per Subsea7’s definitio

about 2 years ago

Business & Finance

Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition

Dutch engineering consultancy firm Royal HaskoningDHV has acquired compatriot renewable energy consultancy Pondera to pursue new renewable energy and integrated energy systems projects. Through this acquisition, Royal HaskoningDHV seeks to grow and strengthen its offering from offshore wind generati

about 2 years ago

Business & Finance

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.

about 2 years ago

Business & Finance

Finnlines readies to pick builder of three new green fueled RoPaxes

Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.

about 2 years ago

Business & Finance

Construction begins for NKT’s second cable layer with steel-cutting in Romania

Danish power cable manufacturer and installation company NKT has cut the first steel for its new cable-laying vessel (CLV) which will be able to run on both methanol and HVO/marine diesel oil. The milestone was celebrated at Vard’s shipyard in Romania where the construction, planning and engineering

about 2 years ago

Business & Finance

GreenShipping Niedersachsen secures funds to carry on with decarbonization projects

Germany’s GreenShipping Niedersachsen (GSN) Competence Center has received funding approval from compatriot NBank, allowing the center to continue its work on maritime decarbonization.

about 2 years ago