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Coral-Sul FLNG; Source: Eni
Business & Finance

Set on diversifying energy sources’ geographic mix, Eni joins peers in posting bumper profits in 2022

After more than doubling its annual profit in 2022, Eni has unveiled a strategic plan forward, putting the diversification of energy sources’ geographic mix at its core.

12 minutes read
Vestas & Co’s new wind turbine blade recycling solution: How does it work and can it make emission-intensive aviation sector greener?
Business Developments & Projects

Vestas & Co’s new wind turbine blade recycling solution: How does it work and can it make emission-intensive aviation sector greener?

On 8 February, Vestas and its CETEC partners made headlines as they completed a project that brought a novel chemical disassembly process for wind turbine blades a step away from commercialisation. It is time we look more closely at what exactly in the two-step process is new, where else it can be a

about 3 years ago
HMM
Authorities & Government

South Korea invites bids to support eco-friendly conversion of ships as it lays out strategy to decarbonize shipping by 2050

In response to the expected strengthening of decarbonization goals for the shipping industry, South Korea has released a strategy aiming to decarbonize its shipping industry by 2050. The strategy is being released ahead of the anticipated 80th meeting of the Marine Environment Protection Committee (

about 3 years ago
KPI OceanConnect, bunkering
Business Developments & Projects

KPI OceanConnect, PIL and Bunker One join hands in Singapore’s 1st overseas digital marine fuels deal

Singapore-based container shipping Pacific International Lines (PIL), marine energy solutions provider and trader KPI OceanConnect, and marine fuel supplier Bunker One have carried out their first live electronic marine fuel inventory statement for an overseas delivery through the Singapore Trade Da

about 3 years ago
CIP buys into blue ammonia project in the Gulf Coast
Business & Finance

CIP buys into blue ammonia project in the Gulf Coast

Copenhagen Infrastructure Partners (CIP), a major in offshore wind development, has acquired a majority stake in a blue ammonia project which will be developed alongside US-based Sustainable Fuels Group (SFG). While the financial terms of the transaction were not disclosed, CIP said it has acquired

about 3 years ago
Port of Rotterdam
Business Developments & Projects

Port of Rotterdam: €3 bln invested in energy transition projects in 2022

Port of Rotterdam has seen a number of investments in energy transition projects in 2022 worth a total of approximately € 3 billion. Some of these projects include investments in a major biorefinery and Europe’s largest green-hydrogen plant. To remind, in July 2022 subsidiaries of Shell have taken t

about 3 years ago
Wintershall Dea taps Norwegian firm for subsea technology
Business & Finance

Wintershall Dea taps Norwegian firm for subsea technology

Norwegian firm Optime Subsea has entered into a long-term framework agreement with oil and gas operator Wintershall Dea regarding the rental of the technology company’s remote-controlled subsea well completion and intervention systems.

about 3 years ago
Cheniere starts permitting process for Sabine Pass LNG expansion
Authorities & Government

Cheniere starts permitting process for Sabine Pass LNG expansion

Cheniere Energy Partners, a subsidiary of Cheniere Energy, has initiated permitting process for the expansion of LNG export capacity at the Sabine Pass terminal located in Cameron Parish, Louisiana. Cheniere announced on 23 February that the pre-filing review process has been initiated under the Nat

about 3 years ago
Statfjord B; Credit: Harald Pettersen/Equinor
Authorities & Government

With probe into gas leaks on North Sea platform done, Equinor gets regulatory order

Norwegian offshore safety regulator has finished investigating gas leaks on one of the Equinor-operated platforms located in the North Sea.

about 3 years ago
Erik Thun takes delivery of eco-friendly dry cargo ship Baltic Crystal
Vessels

Erik Thun takes delivery of eco-friendly dry cargo ship Baltic Crystal

Swedish shipping company Erik Thun Group has taken delivery of eco-friendly multipurpose dry cargo vessel Baltic Crystal.

about 3 years ago
University researchers at UPorto’s facilities (Courtesy of PORTOS project)
Business Developments & Projects

Researchers test novel floating solar technology as part of PORTOS project

Researchers from the universities in Portugal and Spain have joined forces to test novel technology designed to harvest solar resources of the marine environment as part of the PORTOS project.

about 3 years ago
Frey, Norled
Environment

1st hybrid battery-electric express ferry joins Norled

Norwegian ferry operator Norled AS has welcomed into the fleet the first of two hybrid battery-electric express ferries, built by compatriot OMA Baatbyggeri. The delivery of MS Frey follows the successful commissioning of the diesel-electric systems integrated by SEAM, a Norwegian supplier of zero-e

about 3 years ago
Offshore wind shines bright for Fugro yet again
Business & Finance

Offshore wind shines bright for Fugro yet again

Fugro has reported a revenue of €1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. Marine […]

about 3 years ago
Australian oil & gas player offloading partial stake in Dorado oil project
Business & Finance

Australian oil & gas player offloading partial stake in Dorado oil project

Carnarvon Energy has entered into a binding agreement to divest a 10 per cent interest in its Bedout assets, including the Dorado field.

about 3 years ago
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