Business & Finance
Hyundai Glovis bags major car shipping deal with Volkswagen
South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and
Archer Knight bolsters its team
Subsea market intelligence and consultancy specialist Archer Knight has made a series of key appointments. The company has promoted four members of its team as it prepares for a period of UK and international expansion. On the consultancy side of the business, Derek Beddows will become director of d
GTT, Zvezda join forces to build Russian LNG carriers
French containment specialist GTT said Thursday it signed a deal with Russia’s Zvezda shipyard to partner up on the construction of LNG carriers. The technical assistance and license deal will allow Zvezda to build ARC7 ice-breaking LNG carriers fitted with GTT’s containment system. According to the
Renewable energy investments swelling, oil & gas giants’ energy transition speeding up
Offshore wind could become a $ 1 trillion industry over the next two decades, and renewable energy in general will create an investment opportunity of between $ 8 trillion and $ 16 trillion by 2030, according to some of the reports recently published. Meanwhile, oil & gas giants are making concrete
Hapag-Lloyd won’t need state aid to survive COVID-19 crisis
German container shipping major Hapag-Lloyd intends to navigate through the coronavirus crisis without seeking state aid.
Silverstream Technologies to work on maximizing its air lubrication system’s potential through machine learning
Air lubrication technology manufacturer Silverstream Technologies in collaboration with the University of Southampton, has been awarded an Innovate UK Knowledge Transfer Partnership (KTP) grant. Under the two-year partnership, an associate of the university will work with Silverstream’s technical te
Marine Power Systems sets up crowdfunding campaign
Marine Power Systems (MPS) has launched a crowdfunding campaign with Seedrs. MPS has patented technology to harness floating wind power, wave power or combined wind and wave energy at grid scale. It claims that this flexible approach is unique globally. The UK company’s R&D of its wave energy device
Hornsea Three offshore wind project hits another snag
The UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS) has once again postponed the deadline for the decision on Ørsted’s development consent order (DCO) application for Hornsea Project Three. The Secretary of State is minded to approve this application subject to further in
Wellesley ready to use Dolphin rig for Norwegian well
Wellesley Petroleum has received consent from the Norwegian offshore safety authority for exploration drilling in the Norwegian Sea using the Borgland Dolphin rig.
Polish govt and wind energy industry sign offshore wind co-op deal
The Polish government and representatives from the local wind energy industry have signed a Letter of Intent (LoI) to cooperate on the development of offshore wind in Poland. The letter, signed on 1 July, defines the next steps in the collaboration to jointly develop a strong wind industry in Poland
Marine Energy Wales releases new ‘State of the Sector’ report
Marine Energy Wales new report shows that a total of £123.7 million has been invested into the Welsh economy. The latest ‘State of the Sector’ report outlines findings from a survey carried out by Marine Energy Wales which reviewed activity and investment made in the Financial Year 2019-20 to assess
Green light for Perenco’s Amethyst decommissioning plans
Perenco has received approval for its draft decommissioning programs for four Amethyst gas field topsides, located in the Southern North Sea, from the UK authorities.
SSE: Ireland needs 1 GW of offshore wind by 2025 to meet 5 GW by 2030 target
Ireland needs to install 1 GW of offshore wind energy capacity by 2025 if it is to meet the new Irish government’s target of 5GW of installed offshore wind by 2030, SSE Renewables said. Paul Cooley, Director of Capital Projects at SSE Renewables, told the Energy Ireland ‘Offshore Energy Conference’
Neptune employs Fugro for subsea inspection in North Sea
Neptune Energy has awarded a subsea inspection contract to geo-data specialist, Fugro, which will employ remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.