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Business & Finance

LR to class Capital’s ammonia-ready LCO2 Carriers

Lloyd’s Register (LR) classification society is joining hands with Greek shipowner Capital Gas Ship Management (Capital) and South Korean shipbuilding major Hyundai Mipo Dockyard (HD HMD) on the construction of two ammonia-ready 22,000m3 low-pressure LCO2 carriers set to be delivered in 2025 and 202

about 2 years ago

Kadri Simson, European Commissioner for Energy; Source: European Commission

Business & Finance

CCS, hydrogen, and electricity cross-border energy projects hailed as ‘missing links’ to future-proof EU

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EU’s PCI list entails grid upgrades and the buildout of more hydrogen, green electricity, and carbon capture, utilization, and storage (CCUS).

about 2 years ago

Business & Finance

Kellas brings in first customer for blue hydrogen project in Teesside

Aberdeen-based energy infrastructure company Kellas Midstream has signed a heads of terms agreement with Statera Energy for the provision of low-carbon hydrogen from the H2NorthEast project in Teesside to Statera’s Saltholme power stations. The agreement, described as a significant first for H2North

about 2 years ago

Illustration/HydroQuest's 1MW turbine for Paimpol-Bréhat site (Courtesy of HydroQuest/Photo by Avotrimage)

Business & Finance

France steps up its tidal power game

French president Emmanuel Macron has announced commercial tenders for tidal stream as part of the French energy strategy update (PPE), saying ‘we have to be at the top of our game in tidal stream’.

about 2 years ago

Nova Innovation's facility in Edinburgh (Courtesy of Nova Innovation)

Business & Finance

Nova Innovation secures €20M from EU for 4MW tidal energy project

Nova Innovation has won EU funding for a 4MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world.

about 2 years ago

Business & Finance

TotalEnergies dishes out millions for stake in huge renewable Morocco-UK power project

TotalEnergies has expanded its portfolio by acquiring a minority stake in Xlinks First Limited, a company founded in 2019 in the UK.

about 2 years ago

Business & Finance

€307 million set aside for Italy-Tunisia subsea interconnection

The signing of the grant agreement for the Italy-Tunisia electricity interconnection has been welcomed by Terna and Steg.

about 2 years ago

Business & Finance

Hughes Subsea plays ‘pivotal role’ in topside and subsea work scopes for North Sea FPSO

Hughes Subsea has won a contract to provide daughter-craft diving services for an FPSO vessel operating in the North Sea.

about 2 years ago

Business & Finance

Neste secures €1.96M investment aid for green hydrogen project at Porvoo refinery

Finnish oil refining and marketing company Neste has been granted an energy investment aid of €1.96 million for heat recovery from the green hydrogen production planned for the Porvoo refinery. According to Neste, the energy investment aid was awarded in November this year by the Ministry of Economi

about 2 years ago

Borgland Dolphin drilling rig; Source: Dolphin Drilling

Business & Finance

Dolphin Drilling rig wins North Sea gig

Offshore drilling contractor Dolphin Drilling has secured a long-term contract for one of its semi-submersible rigs in the UK with EnQuest.

about 2 years ago

Business & Finance

Maersk sells stake in Höegh Autoliners

Danish industry major A.P. Møller – Maersk A/S has bid adieu to its stake in Höegh Autoliners ASA, selling the remaining 10.48% of the company’s shares. The deal, valued at a cool NOK 1,800 million, went down at NOK 90.00 per share, totaling a massive 20 million shares in the transaction. With the i

about 2 years ago

Kadri Simson, European Commissioner for Energy, at the podium, during the third edition of the carbon capture, utilisation and storage (CCUS) Forum; Source: European Commission

Business & Finance

Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europe’s CCUS market

Five countries have taken steps to build closer cooperation within the European Union on carbon capture and storage by signing a declaration.

about 2 years ago

Business & Finance

Axess lands deal with Norwegian oil & gas giant for work on North Sea platform

Axess Technologies has signed a caisson replacement contract with Equinor for a platform located in the Norwegian sector of the North Sea.

about 2 years ago

Business & Finance

N-Sea picks UK firm to provide ‘world’s first DNV-approved’ cable repair equipment

N-Sea has handed out a contract to Osbit for the delivery of a suite of equipment to enable the repair and lay of offshore cables.

about 2 years ago