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EU approves €1.1 billion Danish scheme for carbon capture and storage
Business Developments & Projects

EU approves €1.1 billion Danish scheme for carbon capture and storage

The European Commission has given its approval for a €1.1 billion scheme to support the roll-out of carbon capture and storage (CCS) technologies in Denmark. The aid will be awarded through a competitive tendering procedure open to companies active in any industrial sector, including the waste and e

about 3 years ago
Vision Energy adds new subsidiaries for its project in the Netherlands
Business Developments & Projects

Vision Energy adds new subsidiaries for its project in the Netherlands

Vision Energy has incorporated new Dutch subsidiaries to accommodate strategic initiatives for prospective partners, operators, and launching customers for its integrated Green Energy Hub development in the North Sea Port of Vlissingen, the Netherlands. It incorporated Vision Hydrogen BV as a projec

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Business Developments & Projects

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
Illustration; Image by Port of Haifa
Business Developments & Projects

Privatization of Haifa Port completed

Israel’s Haifa Port has been officially taken over by a consortium headed by India’s Adani Group, Israel’s Finance Ministry said updating on the privatization. The privatization conclusion comes on the back of the acquisition of the necessary approvals from Israeli’s governmental bodies. A consortiu

about 3 years ago
2014-built multi-purpose support vessel getting battery hybrid system
Business Developments & Projects

2014-built multi-purpose support vessel getting battery hybrid system

DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server. DeepOcean is chartering the MPSV from Stavanger-based shipowner Simon Møkster Shipping, who will upgrade the vessel to include battery power notati

about 3 years ago
World’s largest wind-assisted, LNG-fueled sailing ship unveiled
Business Developments & Projects

World’s largest wind-assisted, LNG-fueled sailing ship unveiled

Orient Express, part of Paris-based hotel conglomerate Accor, has unveiled the world’s largest wind-assisted sailing ship that will also run on liquified natural gas (LNG).

about 3 years ago
Stena Ebba
Business Developments & Projects

Stena Ebba named and launched into operation between Sweden and Poland

Stena Line has held a christening ceremony for its fifth E-Flexer vessel Stena Ebba, marking the launch of its second E-Flexer ferry on the Karlskrona-Gdynia route. Stena Ebba was named by her godmother Ulrica Messing, the governor of the Blekinge region in Sweden, who traditionally smashed a bottle

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Business Developments & Projects

ADNOC starts new business venture ADNOC Gas

Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has established ADNOC Gas, a new world-scale gas company that will combine the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global consolidated business. The n

about 3 years ago
Illustration/Sabella’s D10 tidal turbine (Courtesy of Sabella)
Business Developments & Projects

Sabella gets green light to deploy tidal turbines in the Gulf of Morbihan

French company Sabella has received the official authorization for the deployment of two tidal turbines offshore Brittany region in France, as part of the EU-backed TIGER project.

about 3 years ago
New assignment for Equinor to tackle nonconformities at North Sea project
Business Developments & Projects

New assignment for Equinor to tackle nonconformities at North Sea project

Norway’s regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
US company expands subsea product portfolio for offshore wind market
Business Developments & Projects

US company expands subsea product portfolio for offshore wind market

Panduit, a US provider of electrical and network infrastructure solutions, has bought the subsea cable and pipe protection product portfolio and related technologies from South Korea marine manufacturer DongWon EN-Tec (DWE).

about 3 years ago
Knutsen welcomes new LNG carrier for charter with Shell
Business Developments & Projects

Knutsen welcomes new LNG carrier for charter with Shell

Norwegian shipping company Knutsen has taken delivery of a newbuild liquefied natural gas (LNG) carrier Ferrol Knutsen from South Korean Hyundai Samho Heavy Industries (HSHI) shipyard. The delivery of another 174,000 cbm LNG carrier was confirmed in a social media update by Knutsen Group on 12 Janua

about 3 years ago
Shell unveils five energy sector trends to watch in 2023
Business Developments & Projects

Shell unveils five energy sector trends to watch in 2023

Shell lists five trends in its energy outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon.

about 3 years ago
Strohm receives its 'largest order to date' from ExxonMobil
Business Developments & Projects

Strohm receives its ‘largest order to date’ from ExxonMobil

Dutch Strohm has secured a second contract with U.S. oil and gas giant ExxonMobil for the delivery of thermoplastic composite pipe (TCP) jumpers for a field development located offshore Guyana. The award, said to mark Strohm’s largest order so far, will see the delivery of more than 24 of the compan

about 3 years ago
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