Business & Finance
Liquid Wind raises €15.2M to develop green electrofuel for maritime industry
Swedish green electrofuel development company Liquid Wind has raised €15.2 million in Series B financing that will build its capabilities and develop projects for decarbonising the maritime industry. Liquid Wind said that the existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and o
Another cable manufacturer wraps up test for 525 kV HVDC cable
South Korean cable manufacturer LS Cable & System has completed official certification for its 525 kV cross-linked polyethylene (XLPE) high-voltage direct current (HVDC) system. According to the company, the long-term reliability (pre-qualification) test of the HVDC submarine and underground cables
International wave energy project sets course for demonstration offshore Scotland
A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.
Grimaldi clears €70 million loans for renewal of its eco-friendly fleet
Grimaldi Group has secured two loans, totaling €70 million, from the Intesa Sanpaolo bank for the purchase of two vessels belonging to the Grimaldi Green 5th Generation (GG5G) class.
World’s largest e-methanol facility gets €53 million boost
Danish renewables developer European Energy has received €53 million from the Danish Green Investment Fund (DGIF) for its upcoming Power-to-X (PtX) facility in Kassø, which will be the largest e-methanol facility in the world to date. The financing from the fund is part of the total investment in th
Tidal stream energy could achieve major cost reductions by 2035, report finds
Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.
Equinor gearing up for two North Sea wells
Equinor has secured a permit from the country’s authorities to drill two wildcat wells in the Norwegian sector of the North Sea.
Repsol Sinopec elects new COO
Repsol Sinopec Resources UK has appointed a new chief operating officer, less than two months after the appointment of a new CEO.
Dutch newcomer steps on the ocean energy scene
Named Equinox Ocean Turbines, a new ocean energy company has been launched in the Netherlands with a clear goal of exploiting the vast potential of ocean currents by using its tidal energy technology designed for low-speed waters.
Helicopter operator bags five-year deal in North Sea
Belgium-based helicopter operator NHV Group has secured a contract award for operations in the North Sea.
Five shipowners to provide supply vessels for Equinor
Equinor has awarded six contracts to five shipowners, for a total value estimated at more than NOK 2.5 billion including options.
Transocean adds more work to its backlog
Transocean has secured more work for its fleet of rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India.
Reach Subsea gets first post-pandemic job in Trinidad and Tobago
Norway’s Reach Subsea has secured a “larger” contract as well as several contract extensions that encompass projects in Trinidad and Tobago and Northern Europe. According to Reach Subsea, the contracts are an indication of good development in terms of utilization of its resources for Q4 2022 and int
Furetank sells two dual-fuel tankers
Swedish shipping company Furetank has sold two duel-fuel product tankers from the Vinga Series to Finnish oil refining and marketing company Neste.