Outlook & Strategy
Boost for hydrogen industry as European Commission okays €900 million French scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production.
Seaway7 and Rhenus Port Logistics extend ten-year collaboration for another decade
Following a decade-long collaboration, Seaway7, part of Subsea7, and Rotterdam’s Rhenus Port Logistics have extended their partnership with a new ten-year contract. Under the contract, Seaway7 will remain a long-term customer of the Rhenus Deep Sea Terminal for mobilization and demobilization servic
Shell and Ocean Infinity bolster subsea ties under five-year agreement
Houston-based marine robotics company Ocean Infinity has signed a five-year global framework agreement (GFA) with energy giant Shell concerning subsea data capture services. The GFA encompasses all countries where Shell is currently active or plans to operate in the future and covers the provision o
UECC, partners join forces on CNSL-based marine biofuel
Norway-based RoRo transportation provider United European Car Carriers (UECC) has spearheaded a collaboration with industry partners to advance cashew nut shell liquid (CNSL) as a sustainable marine fuel.
Private equity investors acquire Acteon, new CEO to take over
Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm. According to Acteon, Buckthorn and OEP are making a substantial investment in the bus
ITM Power’s MW-class PEM electrolyzer installed in Japan
In collaboration with Sumitomo Corporation, ITM Power has completed the delivery and installation of a NEPTUNE electrolyzer at Tokyo Gas’ Yokohama Techno Station.
Stena Drilling’s new drillship to get equipment that allows access to ‘previously inaccessible reservoirs’
UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which
PONANT and FARWIND Energy ally on renewable marine hydrogen
PONANT and FARWIND Energy are collaborating on innovative ship refuelling solutions with renewable hydrogen.
Green North Energy’s new plants target Finland’s self-sufficiency in ammonia production
Green North Energy proposes to build green hydrogen and ammonia plants as part of BalticSeaH2 project in Finnish cities Pori and Kemi.
Great Britain’s longest-ever subsea connection presses ahead
UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required fo
Teesside University and partners eyeing new hydrogen storage solution
Teesside University is working with Northern Gas Networks and Frazer-Nash on a feasibility study investigating the potential of using chemical hydrides as a means of storing hydrogen.
Eni reaffirms commitment to low-carbon energy research as part of agreement with MIT
Eni has extended its tenure as a founding member of the MIT Energy Initiative through 2027 to reinforce its decarbonization efforts.
Eni and Ithaca Energy in ‘potential transformational combination’
North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i
Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA
German SEFE will become the sole shareholder of gas transmission network WIGA by acquiring the 50.02% shareholding held by Wintershall Dea.