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Minesto receives funding for next-generation mooring system
Business & Finance

Minesto receives funding for next-generation mooring system

The Swedish Energy Agency has awarded Minesto with 2.8M SEK (approximately $267,000) to support the development and testing of a mooring system for ocean energy deployment. The grant co-funds a project through which Minesto will advance the performance of the next-generation tether system that moors

about 2 years ago
Gasum bunkers Seaworks’ LNG-powered dry bulk vessel in Norway
Business Developments & Projects

Gasum bunkers Seaworks’ LNG-powered dry bulk vessel in Norway

Energy company Gasum has performed the first LNG bunker delivery to shipping company Seaworks’ new dry bulk vessel in Norway. Gasum said that the “delivery not only marks a historic moment for our customer, Seaworks, but also signifies their inaugural venture into LNG dual fuel technology.” Furtherm

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Authorities & Government

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago
Smyril Line
Business Developments & Projects

Smyril Line orders two e-methanol-ready RoRo ships in China

Faroese shipping company Smyril Line has signed a contract with China’s shipbuilder CIMC Raffles for the construction of two environmentally friendly roll-on/roll-off (RoRo) ships.

about 2 years ago
GasLog’s newbuild LNG carrier duo hits the water in South Korea
Business Developments & Projects

GasLog’s newbuild LNG carrier duo hits the water in South Korea

South Korean shipbuilder Hanwha Ocean, formerly known as DSME, has launched two LNG carriers built for Greek LNG shipping services provider GasLog. GasLog shared the milestone via social media on February 7. The launching ceremony for two LNG carriers, which will be named GasLog Italy and Marvel Pho

about 2 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, the President and CEO of QatarEnergy; Courtesy of QatarEnergy
Business & Finance

QatarEnergy’s CEO: Transition to low-carbon and green future hinges on balancing the energy trilemma scales

QatarEnergy’s CEO believes the energy transition jackpot can be hit by employing a balancing act between energy security, affordability, and sustainability.

about 2 years ago
TGE completes mechanical work on China’s Huizhou LNG terminal
Business Developments & Projects

TGE completes mechanical work on China’s Huizhou LNG terminal

TGE Gas Engineering, an engineering, procurement and construction (EPC) contractor for the storage and handling of liquefied gases, has reached the mechanical completion of the Huizhou LNG receiving terminal EPC project. The milestone was achieved 20 days earlier than contractually initiated, TGE sa

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago
EST-Floattech
Business Developments & Projects

EST-Floattech Octopus battery system for SFK’s electric ferry Laboe

Dutch energy storage systems provider EST-Floattech has announced the delivery and commissioning of the Octopus Series battery system on the SFK Ferry Laboe.

about 2 years ago
Courtesy of the European Commission; Credit: Mauro Bottaro
Authorities & Government

CCS, nuclear come under fire as EU sets 2040 climate goals, broadens scope of Net-Zero Industry Act

The European Council and Parliament reached a provision deal on Tuesday, February 6, on the ‘net-zero industry act’ (NZIA), a regulation that establishes a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem. The regulation aims at boosting the indus

about 2 years ago
UK's Grain LNG posts utilization records
Business & Finance

Centrica concludes LNG supply deal with Repsol

UK’s Centrica Energy and Spain’s Repsol have signed an LNG supply deal that will see Centrica purchase 1 million tons of LNG shipments between 2025 and 2027. According to Centrica, all of the cargos are expected to be delivered to the Grain LNG import terminal, which is expected to soon have enough

about 2 years ago
UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact
Business & Finance

UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact

Freeport East, one of twelve Freeports established in the UK, and Australian green hydrogen storage company Rux Energy have signed a collaboration agreement to achieve the safe storage, distribution, and supply of low-carbon hydrogen within the UK and exporting green hydrogen across the world. The a

about 2 years ago
Polar Onyx
Business & Finance

Seaway7, Dong Fang Offshore partner in Taiwan

Seaway7 and Dong Fang Offshore (DFO) have signed a memorandum of understanding (MOU) on collaboration in the Taiwanese offshore wind market that will focus on cable installation. According to Seaway7, the MOU outlines the intention of the two companies “to collaborate in an exclusive manner and furt

about 2 years ago
Asso subsea cable laying vessel Ariadne
Business Developments & Projects

Sulmara and Asso.subsea shake hands for multi-year collaboration

Scottish subsea surveys and inspections provider Sulmara and Greek Asso.subsea have signed a master service agreement to collaborate on cable installation operations globally.As part of the multi-year collaboration, Sulmara will support Asso.subsea during cable installation operations and will provi

about 2 years ago
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