Outlook & Strategy
HYDS links up with px Group to increase use of green hydrogen in the Nordics
Norwegian developer of green hydrogen plants Hydrogen Solutions (HYDS) and UK-based infrastructure solutions business px Group have developed a partnership that will seek to accelerate the energy transition through the development of low-carbon, renewable fuels and power. The strategic partnership w
Minesto CEO: Dragon tidal energy technology ready for farm and microgrid deployment
Minesto’s CEO declared commercial readiness for Dragon Class, saying that they are ready for commercial deployment at the right performance levels. The existing offer is provided with a combination of wing size, power take-off (PTO), and tether length.
US state fund looking to invest in Greece-Cyprus-Israel interconnector
A U.S. state fund has expressed its interest in investing in an interconnection project that will link the electricity grids of Greece, Cyprus and Israel. The U.S. International Development Finance Corporation (DFC) has submitted a letter of intent (LoI) to Greece’s transmission system operator (TSO
Shell takes stock of its net zero journey fueled by $5.6 billion investment in 2023
Shell has funneled $5.6 billion into its energy transition agenda last year while continuing to bankroll oil and gas projects.
Offshore cable ops resume at Ireland-Wales interconnector after a break
Following a pause due to poor weather and vessel maintenance, offshore cable operations have resumed at the Greenlink interconnector that will link Ireland and Wales. Cable burial and trenching activities are ongoing along the interconnector route by the 127-meter-long DP2 offshore support vessel Gr
GTT and Engie invest in gas handling technology developer
Investment funds of French companies GTT and Engie have taken part in a €4 million financing round to support the development of compatriot CryoCollect, an engineering company specialized in gas handling technologies for biomethane, carbon dioxide (CO2), and hydrogen.
‘Dramatic energy savings’ on the menu for one of Solstad’s largest CSVs
One of the largest construction support vessels (CSVs) in Solstad Offshore’s fleet is set to receive an energy-efficient upgrade said to allow “dramatic energy savings”. Kongsberg Maritime has been appointed to upgrade the Normand Sentinel from AZP 120 CP mechanical thruster to RD-AZ2600 rim-drive a
Asso.subsea comes on board Ireland’s first power connection with continental Europe
Greece’s Asso.subsea has joined forces with French cable maker Nexans to perform subsea burial operations for what will become Ireland’s first power connection with continental Europe. The Celtic Interconnector spans 575 kilometers, constituting a high voltage direct current (HVDC) connection across
CMP and Green2x to build one of the world’s largest biofuel plants in Malmö
Copenhagen Malmö Port (CMP) and Green2x have entered into a partnership to design, establish and operate one of the world’s largest biofuel plants to date at CMP’s terminals in the port of Malmö, Sweden.
Germany: Construction begins for €2.8 billion, first-ever energy link to UK
The main construction phase of the first-ever energy link between the UK and Germany has commenced on the German side of the project, ten months after work had begun in the UK. More than 80 guests from politics, business and authorities celebrated the official groundbreaking today, May 21, at the co
Prosafe’s fleet utilization rate rebounds from last year’s drop in activity
Norway’s Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during 1Q 2024.
European Council authorizes gas and hydrogen market package
The European Council has adopted a regulation and a directive establishing common internal market rules for renewable and natural gases and hydrogen.
Continued EPCI projects growth brings UK subsea player to Paris
UK-headquartered provider of subsea infrastructure installation and protection Enshore Subsea has opened an office in France to support continued growth in its EPCI Projects division. Located in central Paris, the new office is set to provide a base for the company’s team working on turnkey EPCI pro
Thyssenkrupp and Johnson Matthey ally on integrated blue ammonia solution
Thyssenkrupp Uhde and Johnson Matthey (JM) have signed a memorandum of understanding (MoU) to jointly offer a fully integrated low-carbon (blue) ammonia solution.