This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.
Wind propulsion developer BAR Technologies (BAR) has entered into a partnership agreement with Nervion Naval Offshore (Nervion), a pioneer in floating offshore wind platforms, to manage and oversee the production of BAR Technologies’ WindWings in Europe. The agreement with Nervion, a company owned b
InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra
A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tank
Swiss cleantech company Cavotec revealed that it has signed a $5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of th
Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation f
Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.
India-based firm Larsen & Toubro has secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India. The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation rese
Norway-based energy services provider Aker Solutions has been awarded a front-end engineering and design (FEED) contract by Hafslund Oslo Celsio (Celsio) to develop the CO2 terminal for intermediate storage and export to ship at the Port of Oslo.
UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chu
MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 k
Borr Drilling has managed to extend existing and secure new assignments for three premium jack-up rigs in its fleet.
Finnish state-owned energy company Gasum has been selected to manage shipping company Wasaline’s EU Allowances (EUA) portfolio.
