Business & Finance
Eimskip agrees to pay $12 million to settle collusion case
Eimskip and the Icelandic Competition Authority have reached a settlement over a collusion case investigation linked to the Dutch company Samskip. The competition case has been under investigation for the past years, where the main period of investigation was 2008 to 2013. The Icelandic shipping com
Stena Line takes delivery of upgraded eco-friendly RoPax ferry
Swedish ferry company Stena Line has welcomed its new, scrubber fitted roll-on/roll-off passenger (RoPax) ferry following a handover ceremony at the Sedef Shipyard in Tuzla, Turkey.
MAN wraps up acquisition of H-Tec Systems for hydrogen demand
Germany’s engine manufacturer MAN Energy Solutions has completed the acquisition of the majority of shares in German hydrogen tech company H-Tec Systems, replacing GP Joule as the main owner.
Romgaz, ExxonMobil sign exclusivity deal for Black Sea block buy
Romanian oil and gas company Romgaz has signed an exclusivity agreement with ExxonMobil’s subsidiary in Romania for the acquisition of a Black Sea offshore block.
Aker BP puts Norwegian Sea project on stream
Aker BP and its partners in Skarv have started production from Gråsel in the Skarv area in the Norwegian Sea, ahead of the schedule.
French company finds compatriot partner to deliver Raz Blanchard tidal farm
The development of a 17.5MW tidal energy farm, planned for Raz Blanchard in the French region of Normandy, is gaining momentum with the newly established partnership between French tidal turbine designer and manufacturer HydroQest and independent renewable power producer Qair.
Circular FPSO in Norway and reuse in UK as Equinor moves ahead with new projects
Norwegian energy major Equinor has made progress with two of its offshore project developments located offshore Norway and the UK.
Maersk in talks with yards on methanol-powered containership
Container shipping heavyweight Maersk is currently in discussions with equipment suppliers and yards on the order of a methanol-powered containership. The company announced plans to order the world’s first container vessel that can operate on carbon-neutral methanol in February 2021. Under the plan,
Eco Wave Power joins two European business accelerators
Swedish-Israeli wave energy company Eco Wave Power has been selected to join business accelerator programs in two of the most attractive markets for wave energy – the UK and Spain. The Spanish governmental organisation ICEX selected Eco Wave Power to join its Rising UP program, that will run over si
EU approves Alexandroupolis LNG terminal funding
The European Commission has approved €166.7 million ($ 198.9 million) Greek support measure for the construction of a new LNG terminal in Alexandroupolis.
Blue-GIFT backs final three marine renewable energy demos
The Interreg Atlantic Area-funded Blue-GIFT programme has awarded recommendations for support to three marine renewable energy projects under its third and final call to test and validate technologies in real sea environment.
Rovco and PanGeo team up for 3D O&M and survey solutions
UK companies Rovco and PanGeo Subsea have joined forces to offer innovative 3D operations & maintenance and survey solutions. According to Rovco, the partnership is designed to combine the companies’ areas of expertise to capture and provide early insight into changing subsea components and environm
Siem Offshore vessel to support Kinsale P&A campaign
Offshore vessel owner Siem Offshore has been awarded a three-month firm contract for an AHTS with PSE Kinsale Energy.
Shell to bid for two offshore wind areas in Norway
Dutch oil major Shell has partnered with Norwegian hydropower producers BKK and Lyse to apply for licenses in two areas currently offered by Norwegian government for offshore wind development. The consortium is now working to prepare applications for projects in the Utsira Nord area, deemed better s