Business & Finance

Dutch company embarks on Denmark-Belgium interconnector project
Danish and Belgium transmission system operators (TSOs) have awarded a Dutch company with a contract to deliver consultancy services for an interconnector that will link the high-voltage grids in Belgium and Denmark through two energy islands in the North Sea. Denmark’s Energinet and Belgium’s Elia

Spain bankrolls APM Terminals Barcelona’s electrification pilot project
The Government of Spain, via the Moves Singular Projects II Programme, has granted EUR 3.9 million ($4.28 million) to APM Terminals Barcelona to finance part of a pilot project for the electrification of the container handling equipment operating at the terminal. The Moves Singular Projects II Progr

EC approves €246 million Dutch renewable hydrogen scheme
The European Commission (EC) has approved a €246 million Dutch scheme to support the production of renewable hydrogen and the construction of at least 60 MW electrolysis capacity. The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen S

CMA CGM turns to Wärtsilä for methanol-fuelled auxiliary engines
Technology group Wärtsilä has won a contract to supply methanol-fuelled auxiliary engines for the French shipping company CMA CGM. The engines have been ordered for six 15,000 TEU container vessels which are being built at the Dalian Shipbuilding yard in China. The order was booked by Wärtsilä in Q2

DeepOcean charters newbuild USV with hybrid diesel-electric propulsion
DeepOcean is chartering a newbuild unmanned surface vessel (USV) which will be used for subsea inspection, maintenance and repair (IMR) and survey work in the offshore renewables and oil & gas industries. DeepOcean entered into a long-term charter agreement with USV AS, a joint venture company estab

Fugro performs another fully remote survey for TAQA
Fugro has completed another fully remote offshore survey inspection in the North Sea for the oil and gas operator TAQA Group. Fugro completed its first fully remote offshore integrity inspections campaign in the North Sea for TAQA Netherlands at the beginning of the year using the Fugro Orca Blue Es

Svanehøj sees growing number of LPG tankers adding ammonia to cargo list
Amidst a shifting landscape in the quest for carbon neutrality, shipowners worldwide are now gearing up to embrace the anticipated demand growth for ammonia, with multiple tankers slated to incorporate ammonia in their cargo list. Svanehøj, a Danish-based pump manufacturer, has witnessed a remarkabl

Viking and Acorn picked as two new clusters to expand UK’s carbon capture and storage industry
The UK government has selected two carbon capture and storage (CCS) projects to establish two new clusters through the Track 2 process.

Thailand’s energy major joins ‘wave power for subsea equipment’ scheme
Thailand’s state energy company PTTEP has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

EU expands list of approved ship recycling yards
The European Commission adopted the 11th edition of the European List of ship recycling facilities, which has been updated with three new yards located in Türkiye. The facilities in question are Anadolu Gemi Söküm Orman Ürn. Gida Tur. Nak, San. Ve Tic. A.Ş., BMS Gemi Geri Dönüşüm San Ve Tic. A.Ş. an

Spanish firm begins another survey for first UK-Germany energy link
An environmental survey is about to commence on the UK side of an interconnector that will link the UK and Germany for the first time. Spain’s Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilometer

North Sea gas supports both energy security and net-zero goals, says UK regulator
North Sea Transition Authority’s new analysis shows that domestically produced gas is significantly cleaner than the imported LNG.

‘Major’ modification work at Norwegian offshore platform is a go
Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.

Equinor receives nod for North Sea drilling ops
Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.