Outlook & Strategy
Hellenic Cables gets turnkey contract for project aimed at improving energy reliability of Greek islands
Greece’s Hellenic Cables has secured a turnkey contract with Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) for the submarine interconnection of the Ionian islands. Under the contract, Cenergy Holdings’ cable segment is in charge of the design, supply, and in
Von der Leyen: Investment in European hydrogen to grow by 140% in 2024
Investment in European hydrogen is set to grow by 140% in 2024, according to European Commission President Ursula von der Leyen.
ExxonMobil buys FPSO working off Guyana for $1.23 billion
U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio
Madoqua and partners unveil plans for Portugal-Netherlands-Germany green fuels corridor
Dutch-Portuguese project development company Madoqua has signed a memorandum of understanding (MoU) with Port of Sines, Port of Rotterdam, and duisport to establish a green fuels corridor connecting Portugal with the Netherlands and Germany. Backed by the Portuguese government, the parties signed th
Final preparations for OEEC 2024 underway
Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and Offshore-Energy.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors ar
Reprocessing project wraps up for ‘largest OBN survey on Norwegian Continental Shelf’
A tripartite partnership has completed the reprocessing project for what is said to be the largest ocean bottom node (OBN) survey conducted on the Norwegian Continental Shelf (NCS). Viridien, TGS and Aquila Holdings, under its subsidiary Axxis Multi-client, announced on November 4 the completion of
EU called to unlock investments in production of clean maritime fuels
Clean Maritime Fuels Platform, an industry initiative aiming to enhance communication between the shipping sector and fuel producers, has called on policymakers to create regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.
Christiania Shipping concludes acquisition of stainless steel chemical carrier operator
Chemical ship-owning and chartering company Christiania Shipping has finalized the acquisition of NAVQUIM Holding, an owner and operator of stainless steel chemical carriers. Christiania Shipping announced the acquisition of NAVQUIM Holding from Sogestran Shipping at the beginning of September 2024.
Call for Interest launched for Europe’s first major hydrogen corridor
Five European transmission system operators (TSOs) involved in the H2med project, the first European major hydrogen corridor, have launched a non-binding Call for Interest to identify the needs of future infrastructure users along the corridor. The Call of Interest was officially opened today (Novem
Swedish cleantech company joins Ammonia Energy Association
As part of its strategic growth plan, Swedish technology development and integration partner for the commercialization of hydrogen and fuel cell technologies, Catator, has joined the Ammonia Energy Association (AEA).
Planning application submitted for ‘key element’ of Scottish Pathway to 2030 investment program
SSEN Transmission has submitted a planning application to Aberdeenshire Council for a hub that will comprise the converter stations of the Spittal to Peterhead and the Eastern Green Link 3 links, among others, seen as a crucial component of the £20 billion Pathway to 2030 investment program in the n
Direct access to tidal energy could benefit Scottish coastal communities, report finds
A recent study led by the European Marine Energy Centre (EMEC) and the Offshore Renewable Energy (ORE) Catapult has shown that direct access to tidal energy could reduce the dependency of Scottish coastal communities on costly diesel and oil power by enabling cleaner, locally sourced energy without
Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe
Australian energy company Provaris has secured A$1.5 million (around US$985,000) via a share placement to support its priority business developments related to hydrogen and CO2 projects in Europe. The funding, raised through a well-subscribed placement supported by existing and new institutional and
Sval Energi exits Norwegian Sea development by selling share to Equinor
Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi