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Business & Finance

German offshore wind farm signs green hydrogen PPA

In an announcement on acquiring a further stake in the German Butendiek offshore wind farm earlier this month, Ireland-based Greencoat Renewables said that the project had signed one of the largest renewable energy Power Purchase Agreements (PPAs) in Germany. It has now been revealed the electricity

about 3 years ago

Business & Finance

Eidesvik PSV prolongs its time with Wintershall Dea

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Norwegian offshore vessel operator Eidesvik Offshore has secured a contract extension with Wintershall Dea for its platform supply vessel (PSV) Viking Princess. Viking Princess was hired by Wintershall Dea Norge back in October 2020 and the first extension option was exercised in October 2021 to pro

about 3 years ago

PSV Havila Foresight; Source: Havila Shipping

Business & Finance

Norwegian ship owner’s vessel secures more work with Equinor

Havila Shipping has gotten its hands on a contract extension for a platform supply vessel (PSV), which is working for Equinor.

about 3 years ago

Business & Finance

GSBN, DNV team up on verified data sharing in a major push for decarbonization

Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari

about 3 years ago

Business & Finance

HCC announces H2/NH3 supply chain from Canada to South Korea

Hydrogen Canada Corporation (HCC) has closed its C$10 million seed round financing and signed a letter of commitment on an offtake agreement with South Korea-based E1 Corporation (E1), to develop a low-carbon hydrogen/ammonia supply chain from Western Canada to South Korea and other Asian markets. I

about 3 years ago

Business & Finance

Norsepower rolls out rotor sail leasing initiative

Finnish cleantech company Norsepower Oy, Japan’s shipowner IINO Kaiun Kaisha (IINO Lines), and compatriot Mizuho Leasing Company have signed a cooperation agreement to launch a mechanical sail leasing initiative for Norsepower’s rotor sail. This move aims to increase shipping companies’ access to No

about 3 years ago

Business & Finance

€900 million win for Prysmian in New York

Prysmian Group has signed an agreement worth approximately €900 million to deliver submarine and land power cable systems for what is said to be one of the largest transmission infrastructure projects in the U.S. Clean Path New York is an $11 billion renewable energy project comprising 3,800 MW of w

about 3 years ago

Business & Finance

Stamford Shipping, Green Marine Group to invest in methanol-powered ships

Stamford Shipping, a Singapore-based shipowning, commercial, and investment management group, and Copenhagen-based Green Marine Group have entered into a joint venture to explore investment opportunities in methanol-powered ships. The JV sets out on a mission to build and manage, both commercially a

about 3 years ago

Business & Finance

Despite lower profits, European and US oil & gas giants soldier on with ‘solid’ results

TotalEnergies, Eni, ExxonMobil and Chevron have reported strong operating and financial performance in the third quarter of 2023.

18 minutes read

Rendered image of the Vinga vessel series

Business & Finance

Furetank and Algoma’s first dual-fuel Vinga-class ship hits the water

Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have welcomed the launching of the first vessel intended for their joint venture FureBear. The vessel, named Fure Vanguard, is the ninth sister ship in the Vinga class and the ship was officially launched at C

about 3 years ago

Business & Finance

DET holds capacity allocation auctions for German North Sea coast terminals

The state-owned operating company Deutsche Energy Terminal (DET), responsible for the marketing and operation of the four LNG terminals (FSRU) on the German North Sea coast, has for the first time marketed regasification capacities of the terminals in digital auction rounds. On a total of six market

about 3 years ago

Business & Finance

Petronas puts lightweight AUVs to test

A Kuala Lumpur-headquartered company has delivered a subsea pipeline inspection using lightweight autonomous underwater vehicles (AUVs) for Malaysia’s state-owned energy giant Petronas. NJ Petroniaga announced it had delivered the “innovative” subsea pipeline inspection for Petronas Gas Berhad from

about 3 years ago

Business & Finance

More action needed before Israel grants multiple exploration blocks to SOCAR, NewMed, and BP

Israel’s Ministry of Energy has set its cap on approving the award of six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ) to Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP.

about 3 years ago

Illustration; Source: Offshore Energies UK (OEUK)

Business & Finance

New licenses paving the way for ‘no cliff edge’ in UK oil & gas production

OEUK has welcomed the award of new oil and gas licenses as a step in the right direction to strengthen homegrown energy security.

about 3 years ago