Outlook & Strategy
Remotely controlled well completion operation wraps up in Nigeria’s waters
Shell Nigeria Exploratioration and Production Company (SNEPCo), a subsidiary of the UK-headquartered energy giant Shell, has completed the first remotely controlled well completion operation in 1,060-meter water depth offshore Nigeria. The operation, performed at the Bonga field, was conducted using
Lhyfe looking to build 20 MW green hydrogen plant in UK
French hydrogen producer Lhyfe has unveiled plans for its first UK plant, which, if approved, would have an initial capacity of 20 megawatts (MW), capable of producing up to eight tons of green hydrogen per day. According to Lhyfe, the plant, named Lhyfe Wallsend, aims to supply a range of organizat
Increased charter rates and OSV demand lift Siem Offshore up
Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support ve
Samsung Heavy Industries taps GTT for tank design of 15 new LNGCs
French LNG containment specialist GTT has received an order from its partner, the Korean shipyard Samsung Heavy Industries (SHI), for the tank design of 15 new liquefied natural gas carriers (LNGCs). According to GTT, the order was received in early 2024 on behalf of a “leading” LNG player. GTT will
EC clears creation of Japanese JV for liquefied hydrogen supply chain
The European Commission (EC) has approved, under the EU Merger Regulation, the creation of a joint venture by Japanese companies INPEX Corporation, Kawasaki Heavy Industries, and Iwatani Corporation that aims to develop a liquefied hydrogen supply chain. On February 22, the EC issued a document stat
Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant
Spanish energy major Cepsa and Bio-Oils, a subsidiary of Singapore’s Apical, have commenced construction of a second-generation (2G) biofuels plant in Southern Europe, which will produce sustainable aviation fuel (SAF), renewable diesel (HVO) and biogas. Biogas is a fundamental raw material for the
After Sweden, Denmark ends investigation into Nord Stream pipeline explosions
Denmark has ended its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022, becoming the second country to do so. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were foun
Germany’s Mukran LNG terminal starts trial operations
According to the LNG terminal operator Deutsche ReGas, Germany’s floating LNG terminal in the port of Mukran has begun trial operations. The floating storage and regasification unit (FSRU) Energos Power reached the industrial port of Mukran and moored at berth 12 on February 24, the operator said, a
New cable layer joins Boskalis fleet following major conversion
Dutch offshore services giant Boskalis has commissioned its new cable-laying vessel (CLV) BOKA Ocean following a major conversion program. Boskalis welcomed BOKA Ocean to its fleet in August 2023 as a pipe-laying vessel, which was then converted into a broadly deployable cable layer. After completin
New JV sets up engineering and asset integrity management firm in Guyana
Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance,
Axpo and SGV to pioneer hydrogen passenger vessel on Swiss Lake Lucerne
Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation
Korea Eximbank, KfW IPEX to cooperate on financing eco-friendly ship, renewable energy projects
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.
Scorpio Tankers picks FOWE fuel emulsion systems for 100+ vessels
Monaco-based shipping company Scorpio Tankers has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions (FOWE) fuel emulsion systems across its entire fleet of over 100 vessels.
UK’s PHE and Australia’s National H2 link up for multiple hydrogen projects
UK’s Powerhouse Energy Group (PHE) and Australia’s National Hydrogen (National H2) have signed an initial 5-year framework agreement, which sets out the terms on which PHE’s technology and engineering expertise will be provided, on a project-by-project exclusivity basis, to National H2 for its inten