Business & Finance
Shell comes aboard subsea 3D printing joint industry project
Shell has joined a joint industry project dedicated to developing and testing advanced 3D printing technologies as an in situ, metal-to-metal, repair method for subsea assets. Shell joins project partners Kongsberg Ferrotech, Equinor, Gassco and SINTEF who have been working on this industrial projec
New action plan comes into the limelight to accelerate decarbonisation
With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.
Enagás unit receives funding to boost LNG and BioLNG supply in Canary Islands
Scale Gas, a subsidiary of Spanish energy company Enagás, has received funding from the Ministry of Transport, Mobility and Urban Agenda to boost the construction of a bunkering vessel for the supply of LNG and BioLNG in the Canary Islands. Scale Gas will receive a total of €15 million and plans to
Avance Gas keeps divesting older VLGCs to renew fleet and improve fuel efficiency
Norway-based liquefied petroleum gas (LPG) transporter Avance Gas has signed an agreement to sell another very large gas carrier (VLGC) as it is renewing its fleet. The company agreed to sell the 2009-built VLGC Promise with a time charter attached. The vessel is expected to be handed over to the ne
Danish player bags five-year deal for TotalEnergies’ North Sea oil & gas assets
TotalEnergies has handed out a long-term deal for the provision of manpower and construction service to its assets in the Danish North Sea.
UK and German representatives meet to celebrate NeuConnect
German Ambassador to the UK Miguel Berger and UK Trade Commissioner for Europe Chris Barton have joined an industry event to help celebrate continued progress on the NeuConnect project that will create the first direct connection between the UK and German energy markets. Led by Meridiam, Allianz Ca
Cargo owners roll out a roadmap to decarbonize ocean freight by 2040
Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the
Furetank, Algoma expand investment to eight dual-fuel product tankers
Swedish Furetank and Canadian Algoma Central Corporation are expanding the FureBear joint venture to include eight dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August with an order for four dual-fuel tankers and is now extended with four addit
Port of Aberdeen gets £200,000 to speed up its drive to net zero
The UK’s Port of Aberdeen has been awarded more than £200,000 from the UK Government to accelerate its drive to Net Zero by 2040. The ‘Port Zero’ feasibility study, which is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2), will analyse future port power demands, assess low carbo
Zero-emission hydrogen USV receives UK government funding
SEA-KIT International has secured funding through the second round of the Clean Maritime Demonstration Competition (CMDC) to design a hydrogen-powered, zero-emission uncrewed surface vessel (USV). SEA-KIT and Bramble Energy will implement outputs from a Round 1 project that marinized a printed circu
Marubeni to install four suction sails on Panamax bulker
Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panama
Nexans inks reservation agreement for EuroAsia Interconnector
Nexans Norway has signed a reservation agreement for the HVDC cable systems for the Cyprus – Greece link of the EuroAsia Interconnector. EuroAsia Interconnector is a multi-terminal high-voltage, direct current scheme which will comprise three converter stations with sea electrodes, interconnected by
Offshore drilling results confirm CO2 storage capacity for Northern Lights project
Northern Lights has confirmed the storage capacity of at least 5 million tonnes of CO2 per annum in the North Sea licence off Norway.
Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds
Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.