Business & Finance
Wind power in the running for electrification of West of Shetland oil & gas assets
BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.
Spain adopts regulatory framework for €200M grant program for marine renewables
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.
DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero
DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.
CMA CGM to bolster capacity at New York and New Jersey terminals following takeover
French container shipping major CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT). The Port of New York and New Jersey represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The company n
Trafigura to learn the ropes on using methanol with dual-fuel tanker chartered from Waterfront Shipping & Clean Sea
Canada’s Waterfront Shipping, a subsidiary of Methanex, the world’s largest producer, and supplier of methanol, has entered into a time-charter agreement with Trafigura for a methanol dual-fuel tanker. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-
Germany opens €900 million call for import of green hydrogen derivatives
Following the recent establishment of the world’s first financing platform for tailored financing of infrastructure for green hydrogen, Germany is now looking to award nearly €1 billion (€900 million) in funding for the import of hydrogen derivatives. On 5 December, the Federal Ministry for Economic
LH2 Europe CEO: Hydrogen bankability and financeability major challenges
“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen i
Lift-off: Watch as Airseas kite system takes to the air during sea trials
France-based wind propulsion developer Airseas has revealed the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The material is being revealed following the completion of the crucial initial stages of the trials, which are taki
Field bearing name of god from Norse mythology to be tied back to existing FPSO
Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.
Maersk to study feasibility of green fuels bunkering in Oman
Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan
SodaFlexx CEO: The best fuel is unburnt fuel
The best solution for the shipping sector to cut CO2 emissions in the short term is to resort to fuel consumption efficiency measures in anticipation of greater maturity of green fuels’ production and the development of the relevant infrastructure, as explained by Barry Bednar, CEO of SodaFlexx. The
Ashtead Technology makes another acquisition
UK-headquartered subsea technology specialist Ashtead Technology has acquired the entire share capital of Hiretech for a total consideration of £20 million on a cash and debt-free basis, expanding its mechanical solutions service offering. Established in 2011, Hiretech is a management-owned, Aberdee
Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply
Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.
Ocean Infinity’s first two high-tech ammonia-ready Armada ships head for Norway
Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are