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Business Developments & Projects

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Equinor plans to invest $1.3 billion in Hammerfest LNG upgrade and electrification
Business Developments & Projects

Equinor plans to invest $1.3 billion in Hammerfest LNG upgrade and electrification

Norwegian energy player Equinor and its partners in the Snøhvit project have revealed plans to invest NOK 13.2 billion (around $1.3 billion) in upgrading the Hammerfest LNG (HLNG) plant at Melkøya with onshore gas compression and electrification. On 20 December, Equinor submitted a plan for developm

about 3 years ago
Ørsted acquires full ownership of Europe’s largest green electrofuel project with FID in place
Business Developments & Projects

Ørsted acquires full ownership of Europe’s largest green electrofuel project with FID in place

Swedish green electrofuels developer Liquid Wind has informed that its partner, Danish offshore wind developer Ørsted, will acquire full ownership of the FlagshipONE project, the largest green electrofuel facility in Europe that has reached a final investment decision (FID). The project was develope

about 3 years ago
The-Crown-Estate-Reveals-New-Floating-Wind-Leasing-Process
Business Developments & Projects

Crown Estate accelerates Celtic Sea floating offshore wind surveys

The Crown Estate has announced the awarding of the first contracts for its first major investment in surveys to help with the construction of floating offshore wind farms in the Celtic Sea. The awarding of the first contracts marks an important step in what is anticipated to be a multi-million pound

about 3 years ago
European energy ministers agree to cap gas prices
Business Developments & Projects

European energy ministers agree to cap gas prices

European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title

about 3 years ago
Spirit of Tasmania
Business Developments & Projects

Rauma cuts steel for 2nd LNG-powered Spirit of Tasmania RoPax ferry

Finnish shipbuilder Rauma Marine (RMC) has launched the construction of the second car and passenger ferry being built for the Spirit of Tasmania (TT-Line) based in Australia. The steel-cutting ceremony for the vessel, named Spirit of Tasmania V, was held on December 20. The construction of the firs

about 3 years ago
coaster Holland Shipyards
Business Developments & Projects

Holland Shipyards bags deal for wind-ready MPP coaster trio

Holland Shipyards Group has won a contract for the construction of three multi-purpose coasters of 3,800 dwt from Hartel Shipping & Chartering. The new vessels, designed by Conoship, measure 89,42 m by 13,20 m and will have a cargo hold capacity of 5.530 m³ and a tween deck to allow for increased pr

about 3 years ago
Woodside starts engineering acitities on H2OK hydrogen project
Business Developments & Projects

Air Liquide wins liquefaction contract for Woodside’s H2OK hydrogen project

Air Liquide Engineering and Construction (Air Liquide) has won a liquefaction contract for Woodside Energy’s proposed H2OK hydrogen project in Oklahoma, US. According to the contract, Air Liquide will provide the engineering and fabrication of two 30 tonnes per day liquefaction units which will liqu

about 3 years ago
NextDecade and Galp ink 20-year LNG sale and purchase deal
Business Developments & Projects

NextDecade and Galp ink 20-year LNG sale and purchase deal

US energy company NextDecade has signed a long-term sale and purchase agreement with Portuguese counterpart Galp for the supply of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. Under the 20-year agreement, Galp will purchase 1.0 million tonnes per annum (m

about 3 years ago
Floating solar unit at Banja reservoir, with mooring prepared for three additional rings (Courtesy of Ocean Sun)
Business Developments & Projects

Ocean Sun gets government grant to advance floating solar technology

Norwegian company Ocean Sun has received a grant from the Research Council of Norway to further develop its floating solar technology.

about 3 years ago
Norway and France forge ties on carbon capture and storage
Business Developments & Projects

Norway and France forge ties on carbon capture and storage

The governments of Norway and France have signed a letter of intent (LoI) to cooperate on the development and deployment of carbon capture and storage (CCS). The aim of the agreement is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate

about 3 years ago
L to R: Lindsay Bennett; Melissa Nevin (Courtesy of FORCE)
Business Developments & Projects

Canada’s flagship tidal energy test center appoints new directors

Fundy Ocean Research Center for Energy (FORCE). Canada’s flagship tidal energy test center, has appointed new directors.

about 3 years ago
Aker Solutions breaks quarterly order intake record with new Aker BP contracts
Business Developments & Projects

Aker Solutions breaks order intake record with new Aker BP contracts

Norwegian oilfield services provider Aker Solutions has secured multiple contracts with compatriot oil and gas company Aker BP, which combined represent the largest value of contract awards in a single quarter in its history. Following Aker BP’s submission of plans for development and operation (PDO

about 3 years ago
Philip Chaabane, CEO, I-Tech AB
Business Developments & Projects

‘Promising results’ from combination of I-Tech and LANXESS antifouling technologies

I-Tech AB, developers of antifouling biotechnology, and global specialty chemical company LANXESS have combined their respective antifouling technologies for the first time. The duo carried out static tests of antifouling coating formulations containing Selektope and the SEA NINE™ family of biocides

about 3 years ago
TECO 2030 and thyssenkrupp sign fuel cell production line contract
Business Developments & Projects

TECO 2030 and thyssenkrupp sign fuel cell production line contract

Norwegian cleantech company TECO 2030 has signed a contract with Germany’s engineering company thyssenkrupp Automation Engineering for the delivery of the first complete fuel cell stack production line at the TECO 2030 Innovation Centre in Narvik, Norway. The contract entails the design, manufacturi

about 3 years ago
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