Business & Finance
Furetank, Algoma sign up for two more Vinga ships
Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten
Japanese power cable company pinpoints location for factory in Europe
Japan-headquartered Sumitomo Electric has chosen the location for its planned power cable factory in Scotland, announced earlier this year as part of the company’s goal of expanding its business in Europe. Sumitomo Electric announced in April the plans to establish a power cable factory in Scotland
A.P. Moller Holding-backed C2X to produce over 3 mln tonnes of green methanol by 2030
C2X, a new, independent company, backed by A.P. Moller Holding, the controlling shareholder of the A.P. Moller – Maersk, one of the world’s largest shipping and logistics companies, has unveiled plans to build large-scale green methanol production facilities. The move follows a successful fundraisin
Mammoet done with jacking, load-out and float-over job for BP’s Caspian Sea platform – gallery
Mammoet has performed jacking, load-out and float-over operations for a 19,600-tonne offshore platform destined for BP’s project in the Caspian Sea, offshore Azerbaijan.
ProSep gets work on Aker BP’s new North Sea platform
ProSep has secured a contract for produced water treatment on Aker BP’s new central processing and wellhead platform (PWP) in the North Sea off Norway.
Converter station suppliers selected for UK subsea electricity superhighway
National Grid Electricity Transmission (NGET) and SP Energy Networks have selected preferred grid suppliers for HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway. The 525kV, £2.5 billion HVDC link will connect Torness in East Lothian, Scotland, to Hawth
Ithaca buying Shell’s stake in UK’s ‘second largest undeveloped oil and gas discovery’
Shell has wrapped up a marketing process with Ithaca Energy for its interest in the controversial Cambo offshore development.
Resen Waves puts company and tech on sale
Danish company Resen Waves is looking to sell the company or patent and know-how for its wave energy technology after 12 years of development.
Funding awarded for hydrogen-fuelled USV
SEA-KIT International has secured funding from the Zero Emissions Vessels and Infrastructure (ZEVI) competition to design and manufacture a hydrogen-fuelled uncrewed surface vessel (USV). The Zero Emissions Ports Hydrogen Refilling Survey Vessel (ZEPHR) project aims to extend vessel operation for po
Elogen and Valmax pen new electrolyzer supply deal
Elogen, a GTT group company, has signed a new contract with Valmax Technology, a system integrator for energy solutions in the hydrogen sector, to design and manufacture a proton exchange membrane (PEM) electrolyzer with a power of 2.5 MW. The electrolyzer, with a production capacity of up to 1 ton
MSC vows to acquire a 49% shareholding in Hamburg’s HHLA
A wholly owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping company, has revealed plans to acquire a substantial 49% shareholding in HHLA Hamburger Hafen und Logistik AG, a prominent port operation, container transport, and logistics group headquartered in
After its CEO steps down, BP puts current CFO in charge on interim basis
BP has decided to appoint its current CFO as its interim Chief Executive Officer, following the resignation of Bernard Looney from the role.
Maritime giants unite in methane abatement trial on Angelicoussis Group’s LNG carrier
Major maritime industry players led by Greek shipping company Maran Gas Maritime and Swiss-based climate tech firm Daphne Technology have joined forces on a methane abatement project involving one of Angelicoussis Group’s LNG carriers, the Maran Gas Chios. Under the project, Daphne Technology’s Slip
Repsol hires Golden Energy Offshore’s vessel for more work
Golden Energy Offshore Services (GEOS) has secured a new contract for one of its platform supply vessels (PSVs) with Repsol Norge, a subsidiary of Spain’s Repsol.