Outlook & Strategy
Floating solar demo project in Valencia reaches first milestones
BlueNewables, a Spanish engineering consultancy supporting the marine energy sector, is moving forward with its floating solar demonstration project in Valencia with the first round of contacts with main suppliers finished. BlueNewables reported on January 18 that its 1 MW PV-bos project in Valencia
N-Sea’s fleet to welcome yet another vessel
Another vessel is set to join N-Sea Group’s fleet as the company has chartered a 2016-built offshore support vessel for IRM, survey, UXO and cable operations. N-Sea has entered into an agreement with Rederij Groen to long-term charter the modern offshore support vessel Aquarius-G. With its length of
Höegh Autoliners bags long-term deal with East Asian auto giant ahead of Aurora-class fleet debut
Oslo-based shipping company Höegh Autoliners ASA has revealed a new contract with a major East Asian car producer to transport cars, predominantly electric vehicles (EVs), from Asia to Europe. Valid until the conclusion of 2028, the agreement signifies a significant step for the company in the autom
Norwegian subsea company makes ‘giant leap’ into Asian market with new contract
Norwegian supplier of subsea products and services IK Group has secured a contract to deliver clamps to an oil & gas pipeline emergency repair base in China, said to mark a giant leap for the company into the Asian market. IK Subsea and its in-country partner PAG Subsea Technology (Guangzhou) have s
COSCO hands over first FSRU to Cyprus
Shanghai COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, has held a delivery ceremony for the floating storage and regasification unit (FSRU) Etyfa Prometheas, which will serve the first Cyprus LNG import terminal in Vasilikos. According to COSCO, the project is China’s
WoodMac’s gas and LNG trends to watch in 2024
Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.
Clean Hydrogen Partnership issues €113.5M call for hydrogen projects
Clean Hydrogen Partnership has launched a new hydrogen research call for proposals where a total of €113.5 million will be made available through Horizon Europe for projects to cover R&I activities across the whole hydrogen value chain. Furthermore, an additional €60 million, coming from the RePower
Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal
Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally
UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future
A geophysical survey is currently underway at a new proposed HVDC interconnector in the UK that will reinforce the electricity network between Suffolk and Kent, contributing to the UK’s 2050 net-zero goal. The 2 GW Sea Link, developed by National Grid Electricity Transmission (NGET), will be approxi
Fratelli Cosulich pens charter deal for its second LNG bunkering vessel
Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy major Petronas, have signed a two-year charter agreement for Paolina Cosulich, Fratelli’s latest LNG bunker barge. Operating under PTLCL, the bunker barge will cater to the increas
Fortescue awards FEED contract for green ammonia plant in Norway
Australia-based green energy, technology and metals company Fortescue has allocated Tecnimont, a business unit of Italy’s Maire, a front-end engineering design (FEED) work for the green ammonia plant in the Nordgulen fjord in Norway. The scope of work entails the design of electrolyzer integration,
Fairplay Towage to provide assisting tugs for German LNG terminals
German tugboat operator Fairplay Towage Group has been nominated towage provider for the floating LNG terminals in Brunsbüttel, Stade and Wilhelmshaven by Deutsche Energy Terminal (DET), which, on behalf of the German Federal Ministry for Economics Affairs and Climate Action, operates LNG terminals
Spanish logistics company secures 50% stake in ammonia terminal in US
Spanish logistics company for liquid products Exolum has completed the acquisition of a 50% interest in Vopak Moda Houston (VMH), an ammonia storage, import and export terminal located on the Houston Ship Channel, from U.S. Moda Midstream. The operation took place after obtaining approval from the c
New Spanish technology company joins Hydrogen Europe organization
Spanish materials technology company Matteco has become a member of the industry organization Hydrogen Europe. Matteco said the company’s commitment to sustainable innovation aligns perfectly with the mission of Hydrogen Europe, adding that with its next-generation catalysts and electrodes for elect