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Business & Finance

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One of GKinetic’s turbines generating clean, zero-emissions energy (Courtesy of GKinetic Energy)
Business & Finance

Irish hydrokinetic turbine developer finds Japanese partner for global market roll out

GKinetic Energy and Torishima Service Solutions Europe have signed a letter of intent (LOI) to jointly develop a partnership structure and commercial model for global roll out of hydrokinetic technology.

about 3 years ago
SUMED 4 is one of seven SUMED service boats fitted with Thordon SXL tailshaft bearings; Source: Thordon Bearings
Business & Finance

Seven vessels servicing oil pipeline running from Persian Gulf to Mediterranean get an upgrade

Thordon Bearings has retrofitted seven special purpose, single point mooring (SPM) service boats, which are servicing the SUMED pipeline.

about 3 years ago
Illustration; Source: Eni
Business & Finance

Perenco buys several oil assents in Congo from Eni

Italian oil and gas giant Eni has signed a deal with Perenco for the sale of its participation interest in several undisclosed permits located in Congo.

about 3 years ago
INEOS LNG Carrier
Business & Finance

INEOS charters two LNG carrier newbuilds from MOL

London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States. These agreements follow INEOS Energy Trading’s long-term Sales and Purchas

about 3 years ago
10MW offshore hydrogen project nets €20 million European Commission grant
Business & Finance

10MW offshore hydrogen project nets €20 million European Commission grant

The HOPE (Hydrogen Offshore Production for Europe) project, which aims to develop, build and operate the first 10 MW offshore hydrogen production unit in the North Sea, off the coast of Belgium by 2026, has received a €20 million (around $21.8 million) grant from the European Commission (EC). The HO

about 3 years ago
Yggdrasil power from shore project; Source: Aker BP
Business & Finance

North Sea project worth $10.78 billion gets contractor for power from shore scope

Aker BP has picked Linjepartner for the delivery of overhead lines for the power from shore project at its development in the North Sea.

about 3 years ago
Stena line
Business & Finance

Stena Line partners with Wärtsilä to convert vessels to methanol

Swedish ferry operator Stena Line has hired technology group Wärtsilä to convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The contrac

about 3 years ago
Synergia Energy
Business & Finance

Carbon storage license award seen as ‘significant milestone’ for UK CCS project

Synergia Energy has been awarded a license under the North Sea Transition Authority’s first carbon storage licensing round, which it sees as an important step for its carbon capture and storage (CCS) project.

about 3 years ago
Dutch national hydrogen network project gains ground
Business & Finance

Dutch national hydrogen network project gains ground

Energy infrastructure company Gasunie has taken the investment decision for the first part of the Dutch national hydrogen network. Gasunie said the section is being developed by its subsidiary Hynetwork Services, which was commissioned by the government last year. The investment exceeds €100 million

about 3 years ago
Trinity Exploration & Production
Business & Finance

Petrofac taking ‘fresh look’ at development plans off Trinidad to help unlock block’s potential

Trinity has hired Petrofac to undertake a concept-screening study for the development of further reserves at its block offshore Trinidad.

about 3 years ago
TitalEnergies Green Marine
Business & Finance

TotalEnergies and Green Marine team up on methanol bunkering study in Singapore

TotalEnergies Marine Fuels and Green Marine Bunkering have entered a memorandum of understanding (MOU) on a joint development study on methanol as a new marine fuel in Singapore. Under the partnership, TotalEnergies Marine Fuels and Green Marine Bunkering will study the feasibility to implement a vi

about 3 years ago
Aquaterra Energy
Business & Finance

UK player goes to Middle East for eight-well decom gig

Aquaterra Energy has secured a contract with an undisclosed Abu Dhabi-based operator, to provide offshore riser equipment and services.

about 3 years ago
Unity platform; Source: INEOS
Business & Finance

INEOS FPS books Sparrows for more work at North Sea platform

Sparrows Group has secured a long-term deal with INEOS FPS for work on the company’s UK North Sea platform.

about 3 years ago
IMO Liberia Hong Kong Convention
Business & Finance

After Liberia’s accession to Hong Hong Convention the treaty can now enter into force

Shortly after Bangladesh, Liberia has acceded to the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships enabling the treaty to finally enter into force. The Hong Kong Convention aims to ensure that ships when being recycled after reaching the end of their operational live

about 3 years ago
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