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Business & Finance

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Nautilus
Business & Finance

Danalec acquires Nautilus Labs

Copenhagen-based technology provider specializing in maritime safety and sustainability Danelec has acquired New York-based maritime technology company Nautilus Labs. “With the acquisition of Nautilus Labs’ AI-based technology platform, we are looking to broaden our scope of impact. Not only do we g

about 2 years ago
BASF wins funding approval to build one of Germany’s largest PEM electrolyzers
Business & Finance

BASF wins funding approval to build one of Germany’s largest PEM electrolyzers

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Germany’s chemical producer BASF has secured the approval of funding from the German Federal Ministry for Economic Affairs and Climate Action (BMWK) and the State of Rhineland-Palatinate to build a proton exchange membrane (PEM) electrolyzer which is expected to produce up to 8,000 metric tons of hy

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago
HMM Tacoma
Business & Finance

Report: Dongwon and Harim dueling for dominance in HMM bidding race

In the ongoing contest for control of South Korean shipping line HMM, Dongwon Group and Harim Group have emerged as the primary contenders, narrowing down the field in this maritime competition. Previous reports indicated that four companies from South Korea were in the bidding race including, SM Gr

about 2 years ago
Dow joins HEH consortium for Stade LNG terminal
Business & Finance

ČEZ books capacity at LNG Stade terminal in Germany

Energy conglomerate ČEZ Group has contracted a long-term annual capacity of 2 billion cubic meters at the LNG Stade terminal in Germany, strengthening the energy security of the Czech Republic. The capacity at the terminal has been leased for 15 years, with an option to extend this to 25 years in co

about 2 years ago
Askepott rig; Source: Equinor
Business & Finance

Thumbs-up for Equinor to begin drilling at North Sea field

Equinor has received consent for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.

about 2 years ago
Prysmian's Monna Lisa ready for assembly, launch in March
Business & Finance

Prysmian’s Monna Lisa ready for assembly, set to hit the water in March

Prysmian’s new cable-laying vessel Monna Lisa has reached the hull erection stage, marking the start of assembly and preparing to be launched into the water. The addition of Monna Lisa will expand Prysmian’s installation fleet to six cable-laying vessels and will have installed the same main equipme

about 2 years ago
€800 million in subsidies under EC’s pilot hydrogen bank auction is up for grabs
Business & Finance

€800 million in subsidies under EC’s pilot hydrogen bank auction is up for grabs

The European Commission (EC) has launched the first auction under the European Hydrogen Bank to support renewable hydrogen production in Europe, with an initial €800 million of emissions trading revenues available to producers in the European Economic Area (EEA). The auction, which is funded by the

about 2 years ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

New UK player joining North Sea oil project ahead of field development plan submission

Jersey Oil & Gas has agreed to sell a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy.

about 2 years ago
Port of Hamburg
Business & Finance

European Commission’s €4 billion Innovation Fund call for proposals expands to include maritime sector

The European Commission has announced the opening of the Innovation Fund’s 2023 call for proposals, boasting a historic budget of €4 billion. The significant financial injection aims to accelerate the deployment of cutting-edge decarbonization technologies, and the funds for this initiative are sour

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Shell finds gas in Mediterranean Sea with Stena drillship

Shell Egypt, a subsidiary of oil major Shell, has made a new gas discovery in an offshore block located in Egypt’s Mediterranean Sea.

about 2 years ago
Swedish electrolyzer manufacturer steps into Chinese market
Business & Finance

Swedish electrolyzer manufacturer steps into Chinese market

Swedish manufacturer of energy systems for green hydrogen production Metacon has entered into a memorandum of understanding (MoU) with Chinese company PERIC Hydrogen Technologies to establish a strategic partnership for the production and sale of Metacon’s electrolyzers on the Chinese market. The Mo

about 2 years ago
Illustration; Source: Hellenic Cables
Business & Finance

Hellenic Cables hired for high-voltage interconnection project fortifying Sweden-Denmark energy ties

Hellenic Cables has tucked under its belt a new contract with Energinet, which will enable it to deliver high-voltage cables for an electrical interconnection project.

about 2 years ago
Germany awards funding for Cargill-chartered all-electric, wind-assisted ships
Business & Finance

Germany awards funding for Cargill-chartered all-electric, wind-assisted ships

German Government has awarded a subsidy for fully electric, wind-assisted Damen Combi Freighter (CF) 3850 vessels being built for German joint venture Gerdes Green, which will be chartered by Swiss freight trader Cargill.

about 2 years ago