Business & Finance
Clarksons: 93 pct of car carrier newbuilds LNG capable, 23 pct ammonia/methanol ready
Car carrier newbuild ordering has increased significantly in 2021 and 2022 on record markets and the resumption of owners’ fleet renewal programmes, including efforts to support manufacturers to become ‘green through the supply chain’. The market recovery is primarily driven by post-covid car trade
Lhyfe and Schaeffler enter multi-deal partnership, hydrogen included
German automotive and industrial supplier Schaeffler has signed a letter of intent (LOI) with French hydrogen producer Lhyfe that includes a technology partnership, green hydrogen, and a 15 MW industrial electrolysis plant in Herzogenaurach, Germany. The first part of the agreement is in regard to g
Digitized, net zero ships at the core of Fincantieri’s new business strategy
Italian shipbuilder Fincantieri has laid out its strategy for the upcoming period putting a major focus on building up its competencies in the construction of digital and net zero ships. The company’s 2023-2027 Business Plan aims to create greater synergies between the company’s cruise, defense, and
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.
Danish Power-to-X flagship project receives IPCEI funding
Ørsted-led Power-to-X project Green Fuels for Denmark has been awarded DKK 600 million (around $86 million) by the Danish Business Authority as part of Denmark’s participation in the Important Project of Common European Interest (IPCEI) programme. The project, which is being developed by Ørsted in p
Vår Energi to address nonconformity for its FPSO modification project
Norwegian regulator has carried out an audit of Vår Energi and its management of barriers and maintenance on an FPSO modification project.
Equinor all set to drill North Sea wildcat
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Equinor tasked with assessment of improvement points for North Sea platform
Norwegian offshore safety regulator has carried out an audit at one of the Equinor-operated North Sea platforms.
Waves4Power signs deal to develop wave energy parks offshore Indonesia
Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.
Strohm secures €15 million investment to support its TCP solutions
Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the largest funding round in the company’s 15-year history by securing a €15 million investment to support its TCP solutions. The €15 million investment includes a €10 million commitment made by ING Corporate Investments (a 100%
Scottish public bodies appoint financial advisor for MeyGen tidal energy project
Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.
Giant North Sea oil field going full throttle as Phase 2 comes on stream
Equinor has started production from the Johan Sverdrup Phase 2 project in the North Sea, ensuring that the entire field is now online.
LNG-powered Arvia delivered to P&O Cruises
German shipbuilder Meyer Werft has handed over the LNG-fuelled cruise ship Arvia to the British shipping company P&O Cruises. Arvia is a sister ship of the Iona, built-in 2020. Both vessels have been described as ‘future proof’ as they will be able to run on carbon-neutral liquefied natural gas (eLN
Oil & gas players pursuing electrification in Norwegian Sea to curb emissions
OKEA and Equinor in collaboration with license partners have set the wheels into motion to electrify the Draugen field and Njord A platforms.