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New European partnership to support energy transition, hydrogen in focus
Business Developments & Projects

New European partnership to support energy transition, hydrogen in focus

Hydrogen Europe, Hydrogen Europe Research, and EURAMET (the European Association of National Metrology Institutes) have signed a Memorandum of Understanding (MoU) to foster cooperation for the mutual benefit of the associations, in support of hydrogen research and technology requiring metrological k

about 3 years ago
Quantum of the Seas
Business Developments & Projects

Meyer Werft, Royal Caribbean working on new fuel cell system for ships

German battery technology company Freudenberg e-Power Systems, shipbuilder Meyer Werft and cruise line Royal Caribbean Group have joined forces to develop a completely new fuel cell system tailored to the maritime sector.

about 3 years ago
Image credit Avikus
Business Developments & Projects

HD Hyundai, Avikus to spearhead verification of fuel savings through autonomous navigation

South Korea’s shipbuilding major Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, has signed an agreement with Avikus, a compatriot startup specializing in autonomous navigation solutions, to conduct a fuel-saving verification project using autonomous navigation systems. The pr

about 3 years ago
Lhyfe, Centrica unveil joint offshore wind-to-hydrogen plan in UK
Business Developments & Projects

Lhyfe, Centrica unveil joint offshore wind-to-hydrogen plan in UK

French green hydrogen production specialist, Lhyfe, and Centrica, the UK-headquartered multinational energy company, have signed an agreement to jointly develop offshore renewable hydrogen in the UK, starting with a pilot project in the Southern North Sea. Beyond the pilot, Lhyfe and Centrica will a

about 3 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Business Developments & Projects

Offshore oil worker medevaced from BP’s Gulf of Mexico platform

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 28-year-old male worker from a BP-operated platform.

about 3 years ago
Statfjord B platform in the North Sea; Credit: Rune Meyer Amundsen/Equinor
Business Developments & Projects

Equinor sets its cap on bringing OKEA as new partner in North Sea field

Equinor and OKEA have entered into an agreement, which will enable the latter to acquire 28 per cent interest in the Statfjord area.

about 3 years ago
In focus: A case for a European offshore hydrogen backbone
Business Developments & Projects

In focus: A case for a European offshore hydrogen backbone

300 terawatt hours (TWh) of green hydrogen could potentially be produced using electricity from offshore wind farms in the North Sea by 2050, and used not only to decarbonize hard-to-abate sectors but also to boost the security of energy supply in Europe, a new study has shown. The “Specification of

about 3 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Business Developments & Projects

While high demand spurs U.S. gas production, low-carbon and green shift set to curb emissions

The American natural gas production is expected to grow while the accelerated shift to low-carbon and green sources will reduce U.S. energy-related CO2 emissions through 2050.

about 3 years ago
FSO Benchamas 2; Source: MISC Berhad
Business Developments & Projects

After worker dies in FSO incident off Thailand, navy comes to the rescue to stave off oil spill

Following an incident during routine maintenance, which damaged a floating storage and offloading (FSO) unit operated by a Thai subsidiary of Chevron, Thailand has ordered its navy to join the efforts being undertaken to prevent an oil spill from the vessel.

about 3 years ago
JDR orders Arcadis Ost 1 cable hang-off systems
Business Developments & Projects

Cable works at Arcadis Ost 1 in full swing

JDR Cable Systems has begun the subsea cable termination and testing works on behalf of its client Parkwind for the Arcadis Ost 1 offshore wind farm in Germany. In 2021, JDR won a contract to supply, test, and terminate 45 kilometres of 33 kV array cable that will connect the wind farm’s 27 MHI Vest

about 3 years ago
Irish TSO seeking services for interconnector projects
Business Developments & Projects

Irish TSO seeking services for interconnector projects

Irish transmission system operator (TSO) EirGrid has launched a tender comprising five lots that seeks offshore marine support services for interconnector projects. EirGrid is looking for a strategic partner to provide a range of specialized offshore services, resources and consultancy advice, studi

about 3 years ago
Illustration/Part of OPT’s products range (Courtesy of OPT)
Business Developments & Projects

OPT widens third quarter loss

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss in the third quarter of fiscal 2023, as compared to the same period a year earlier, with revenues marking a growth.

about 3 years ago
EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?
Business Developments & Projects

EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?

As part of the Green Deal Industrial Plan, the European Commission (EC) has proposed new initiatives and a set of actions to scale up the manufacturing of clean technologies in the European Union (EU), including renewable hydrogen, carbon capture, and alternative fuel technologies, among others. On

about 3 years ago
An aerial photo of the Galloper offshore wind farm in the UK
Business Developments & Projects

‘Too low and too tight’ – UK industry calls on government to revise CfD budget

Following the announcement of the budget for the UK’s fifth Contracts for Difference (CfDs) allocation round (AR5), and the plan on how different renewable energy projects will compete, the renewable energy industry in the UK has warned the budget and the parameters were “too low and too tight” and

about 3 years ago
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