Outlook & Strategy
Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player
Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.
European Commission grants €720 million to renewable hydrogen projects
European Commission has awarded nearly €720 million to seven renewable hydrogen projects, selected through the bidding process under the European Hydrogen Bank.
Copenhagen Infrastructure Partners and Uniper forge hydrogen ties
Copenhagen Infrastructure Partners (CIP) has signed an MoU with Uniper to strengthen collaboration on bringing green hydrogen from CIP’s HØST PtX Esbjerg project to Germany.
Argeo granted patent for ‘innovative’ sensor configuration for subsea vehicles
Argeo has secured its fifth patent from the Norwegian Industrial Patent office, this time for an innovative sensor configuration for subsea vehicles said to provide higher reliability, better signal, and improved detection. Argeo reported that its wholly-owned subsidiary Argeo Robotics had been gran
Damen embarks on a pilot project for circular ship recycling
Dutch Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s Botlek site in a circular way and entirely in line with EU regulations.
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ
Danish wave energy firm launches crowdfunding campaign, aims to raise up to €1.5M
Danish company Wavepiston has launched a crowdfunding campaign with the ambition of raising up to €1.5 million that will be used for its wave energy technology. The €1.5 million expected to be raised in 2024 will be instrumental in further demonstrating and commercializing the wave energy technology
Japanese firm nets batteries order for large-scale hydrogen project
NGK INSULATORS has received a NAS batteries order from BSES, a subsidiary of German BASF, for a large-scale green hydrogen production project, developed by German HH2E.
Uniper and SKW Piesteritz pen ammonia and hydrogen partnership
Uniper and SKW Piesteritz have signed an agreement to support each other in the supply, production and logistics of ammonia and hydrogen derivatives.
PXGEO buys UK subsea services company
Marine geophysical service provider PXGEO has acquired UK-based subsea services company Modus Subsea Services, boosting its autonomous subsea offering. Modus Subsea Services provides offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention dr
Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses
Eight companies have submitted their applications to the Norwegian Ministry of Energy for CO2 storage licenses for two areas on the Norwegian Continental Shelf (NCS). Aker BP, Equinor Low Carbon Solution, Lime Petroleum, Northern Lights JV, OMV (Norge), PGNiG Upstream Norway, Vår Energi and Wintersh
Actis-Fortescue consortium to work on large green hydrogen project in Oman
A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.
CO2 storage licenses in English Channel up for grabs
UK regulator North Sea Transition Authority (NSTA) has launched a competitive process inviting applications for CO2 appraisal and storage licenses in an area of the English Channel. The licenses, for which the competitive process was opened on April 30, grant exclusive rights for the exploration and
Bergen Engines joins Norwegian initiative for transition to alternative marine fuels
Bergen Engines joined FME MarTrans, an initiative for reducing emissions and energy consumption and increasing the use of alternative fuels.