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BP and WasteFuel to collaborate on low-carbon fuels for shipping sector
Business Developments & Projects

BP and WasteFuel to collaborate on low-carbon fuels for shipping sector

BP, through its arm BP Ventures, has expanded its investment in bioenergy by committing $10 million and leading the Series B investment round in WasteFuel, a California-based biofuels company focused on converting municipal bio-waste into low-carbon fuels, such as bio-methanol. WasteFuel’s existing

about 3 years ago
PSV Normand Arctic; Credit: Langsten Harald M Valderhaug/Solstad Offshore
Business Developments & Projects

No more PSVs in Solstad’s fleet as Tidewater takes over 37 vessels to establish ‘largest hybrid OSV fleet’

Tidewater has boosted its fleet of platform supply vessels (PSVs) by wrapping up the acquisition of the PSV fleet owned by Solstad Offshore.

about 3 years ago
Denmark plans future backup capacity to come from hydrogen and storage
Business Developments & Projects

Denmark plans backup capacity to come from hydrogen and storage

Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

about 3 years ago
Aker Horizons, Statkraft pen long-term deal on Narvik green ammonia project
Business Developments & Projects

Aker Horizons, Statkraft pen long-term deal on Narvik green ammonia project

Green energy developer Aker Horizons has signed a 10-year power purchase agreement (PPA) with the supplier of renewable energy Statkraft, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway. According to A

about 3 years ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Six more wells added to Transocean rig’s backlog

Transocean has secured a new contract extension for a semi-submersible rig working on the Norwegian Continental Shelf (NCS).

about 3 years ago
Study identifies ‘great potential’ for importing hydrogen from Tasmania to Rotterdam
Business Developments & Projects

Study identifies ‘great potential’ for importing hydrogen from Tasmania to Rotterdam

The Port of Rotterdam Authority and the Tasmanian government have conducted a joint study which shows that importing green hydrogen from Tasmania, an island southeast of Australia, has great potential to decarbonise Northern European industry. To remind, the Dutch port and the Tasmanian government s

about 3 years ago
ICTSI: New initiative to drive decarbonization efforts launched
Business Developments & Projects

ICTSI: New initiative to drive decarbonization efforts launched

International Container Terminal Services, Inc. (ICTSI) has launched Climate Change Action Initiative to decarbonize and contribute to global efforts in addressing climate change.

about 3 years ago
Alpha Gas launches LNG carrier Energy Endurance
Business Developments & Projects

Alpha Gas launches LNG carrier Energy Endurance

Greek ship management company Alpha Gas SA has launched a new LNG carrier Energy Endurance at the South Korean shipyard Hyundai Samho Heavy Industries (HSHI). With a cargo capacity of 174,000 cbm and XDF engine technology, the vessel is due for delivery from the yard in Q1 2024. Besides Energy Endur

about 3 years ago
FSO Safer; Source: Boskalis
Business Developments & Projects

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling

Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

about 3 years ago
Stolt Tankers claims emissions reduction from barge ops at Houston Port
Business Developments & Projects

Stolt Tankers claims emissions reduction from barge ops at Houston Port

Norwegian tanker operator Stolt Tankers has revealed that barge operation in the Port of Houston is not only reducing the duration of port calls for its ships, but also cutting greenhouse gas (GHG) emissions.

about 3 years ago
Japanese trading company buys UK provider of pipeline integrity solutions
Business Developments & Projects

In push towards energy transition, Mitsui & Co. buys UK provider of pipeline integrity solutions

Japanese trading company Mitsui & Co. has completed the acquisition of 100 per cent of shares of STATS (UK), a provider of pipeline integrity solutions, as part of its path towards a global energy transition. STATS (UK) announced on 5 July that it had executed a share purchase agreement to sell 100

about 3 years ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

New task for DNO regarding work with Odfjell Drilling-managed rig

Norwegian regulator has carried out an audit of DNO’s planning of drilling operations using an Odfjell Drilling-managed rig.

about 3 years ago
HPA sets up new division to focus on sustainable energy hub
Business Developments & Projects

HPA sets up new division to focus on sustainable energy hub

The Hamburg Port Authority (HPA) has established a new corporate division “Port Energy Solutions” that will take on responsibilities and projects related to Sustainable Energy Hub. The division will be led by Jannes L. Elfgen and Hanno Bromeis, focusing on topics related to the expansion of renewabl

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Business Developments & Projects

Norway racks up high gas production while pursuing decarbonisation with CCS and offshore wind

Norway’s role as natural gas exporter becomes more entrenched, with the country keeping up high gas production.

about 3 years ago
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