Outlook & Strategy
Enagás joins Hanseatic Energy Hub as industrial partner and co-shareholder
Hanseatic Energy Hub (HEH) has selected Enagás, the Spanish transmission system operator (TSO), as its industrial partner for the operation of the liquefied gases terminal in Stade, Germany. Enagás joined the HEH as an industrial partner and co-shareholder with a 10% stake, subject to compliance wit
Norwegian partners extend cooperation on subsea production systems
Aker Solutions has signed a frame agreement extension with Aker BP under which it will provide subsea production systems to the company’s projects on the Norwegian continental shelf (NCS) until 2029. The agreement may also cover assistance to Aker BP for feasibility studies and concept developments,
Ireland and Germany formalise cooperation on green hydrogen
The Irish Department of the Environment, Climate and Communications and the German Federal Research Ministry have signed a Joint Declaration of Intent (JDoI) on cooperation in the field of green hydrogen. The Irish Department said that realising the full potential of offshore renewable energy resour
Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?
The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.
New development plan for reservoir off Cyprus includes ‘change to fundamental project concept’
The partners behind the Aphrodite Reservoir in Cyprus have submitted an updated plan for the development of the project to the country’s government, said to include a change to the fundamental project concept of the approved development and production plan. Chevron Cyprus, BG Cyprus, part of Shell,
Sener designs new biofuel tanker able to capture CO2 from other vessels
Technology and engineering group Sener has completed the conceptual design of a new model of sustainable tanker that can carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and can also store the captured CO2 from nearby vessels. According to Sener, the
Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone
A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr
GOGL CEO relinquishes leadership role
Ulrik Uhrenfeldt Andersen, the CEO of Golden Ocean Group, revealed his decision to step down from the position after leading the company through a period of immense growth and environmental transformation. GOGL’s board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to
Prysmian investing €120 million in ‘world’s first cable plant to have achieved net zero’
Italian cabling giant Prysmian Group is set to invest around €120 million in its plant in Pikkala, Finland, in order to further increase the production capacity of 525 kV HVDC submarine cable systems. New vertical continuous vulcanization (VCV) lines at the Finnish plant are expected to more than do
Large-scale hydrogen valley project between Finland and Estonia set to kick off
BalticSeaH2 project – a large-scale cross-border hydrogen valley gathering 40 partners from nine Baltic Sea region countries – with production potential for hydrogen to reach 100,000 tonnes annually, is ready to kick off. BalticSeaH2, prepared by Finnish CLIC Innovation as the project coordinator an
Frontline inks sustainability-linked loan as Fredriksen clashes with International Seaways
Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin
Selkie project reaches finish line after four years of operation
The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland,
Eidesvik’s seismic trio finds new owners
Norwegian offshore vessel owner Eidesvik Offshore has entered into agreements with two separate parties for the sale of its three seismic vessels. In a statement issued on 1 June, Eidesvik reported that it was selling the seismic vessels Veritas Viking, Vantage and Viking Vision to two separate buye
UECC’s Auto Energy completes 1st LNG bunkering operation in Mediterranean
United European Car Carriers’ (UECC) state-of-the-art LNG dual-fuel vessel Auto Energy has completed its first LNG bunkering operation in the Mediterranean. According to UECC, a provider of sustainable short sea ro-ro transportation in Europe, the operation took place in the port of Sagunto, Spain,