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Mitsubishi sets up new company for hydrogen business in Europe
Business Developments & Projects

Mitsubishi sets up new company for hydrogen business in Europe

Mitsubishi Corporation (MC), a global integrated business enterprise, has established a new company, Eneco Diamond Hydrogen, to develop green hydrogen and associated renewable energy in Europe. The new company is a joint venture between MC and its subsidiary Eneco, an integrated energy company headq

about 3 years ago
Illustration; Source: Eni
Business Developments & Projects

Perenco buys several oil assents in Congo from Eni

Italian oil and gas giant Eni has signed a deal with Perenco for the sale of its participation interest in several undisclosed permits located in Congo.

about 3 years ago
INEOS LNG Carrier
Business Developments & Projects

INEOS charters two LNG carrier newbuilds from MOL

London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States. These agreements follow INEOS Energy Trading’s long-term Sales and Purchas

about 3 years ago
10MW offshore hydrogen project nets €20 million European Commission grant
Business Developments & Projects

10MW offshore hydrogen project nets €20 million European Commission grant

The HOPE (Hydrogen Offshore Production for Europe) project, which aims to develop, build and operate the first 10 MW offshore hydrogen production unit in the North Sea, off the coast of Belgium by 2026, has received a €20 million (around $21.8 million) grant from the European Commission (EC). The HO

about 3 years ago
Illustration/A potential design for future scalable tidal stream energy systems (Courtesy of Oxford University/Credit: Zilic de Arcos, DPhil thesis, 2021.)
Business Developments & Projects

Industry and academia team up for €8M tidal stream energy project

The University of Oxford, along with two other universities and over twenty industry stakeholders and regulatory bodies, will work together on an ambitious €8.1 million project that will address the key challenges currently preventing the tidal energy sector from reaching its full potential.

about 3 years ago
Maersk
Business Developments & Projects

Maersk’s groundbreaking methanol-powered vessel sets sail on sea trials

This week marks a significant milestone for Maersk as its first methanol-powered container vessel undergoes crucial sea trials. The rigorous testing phase will be taking place off the picturesque Korean coast, near Ulsan. The 2,100 TEU container vessel is being built by South Korea’s Hyundai Mipo Do

about 3 years ago
Yggdrasil power from shore project; Source: Aker BP
Business Developments & Projects

North Sea project worth $10.78 billion gets contractor for power from shore scope

Aker BP has picked Linjepartner for the delivery of overhead lines for the power from shore project at its development in the North Sea.

about 3 years ago
A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine
Business Developments & Projects

World’s first offshore hydrogen production project yields first kilograms of green hydrogen

The offshore hydrogen production platform that Lhyfe is testing in France, named Sealhyfe, began producing its first kilograms of offshore hydrogen on 20 June after it was towed last month to the SEM-REV offshore test site which is connected to BW Ideol’s floating wind turbine Floatgen. Sealhyfe is

about 3 years ago
Bocimar
Business Developments & Projects

Beihai Shipbuilding names CMB’s ammonia-ready bulker duo

CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has held a naming ceremony for two ammonia-ready 210,000 dwt bulkers built for Belgian shipowner Compagnie Maritime Belge (CMB).

about 3 years ago
Illustration/Orbital Marine Power's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

Tidal stream energy can serve as ‘effective complement’ to wider UK’s net zero and energy security efforts, report finds

The report on the potential of tidal stream energy to support sustainable growth in the UK, published by Grantham Research Institute on Climate Change & the Environment, has concluded that this form of energy can serve as an effective complement to wider efforts on both net zero and energy security.

about 3 years ago
Stena line
Business Developments & Projects

Stena Line partners with Wärtsilä to convert vessels to methanol

Swedish ferry operator Stena Line has hired technology group Wärtsilä to convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The contrac

about 3 years ago
Synergia Energy
Business Developments & Projects

Carbon storage license award seen as ‘significant milestone’ for UK CCS project

Synergia Energy has been awarded a license under the North Sea Transition Authority’s first carbon storage licensing round, which it sees as an important step for its carbon capture and storage (CCS) project.

about 3 years ago
Dutch national hydrogen network project gains ground
Business Developments & Projects

Dutch national hydrogen network project gains ground

Energy infrastructure company Gasunie has taken the investment decision for the first part of the Dutch national hydrogen network. Gasunie said the section is being developed by its subsidiary Hynetwork Services, which was commissioned by the government last year. The investment exceeds €100 million

about 3 years ago
Fratelli Cosulich’s 2nd LNG bunkering vessel christened and launched in China
Business Developments & Projects

Fratelli Cosulich’s 2nd LNG bunkering vessel christened and launched in China

Italian maritime transportation group Fratelli Cosulich has celebrated the christening and launch of its second small-scale LNG bunkering vessel. The vessel named Paolina Cosulich was christened and launched on 26 June at CIMC SOE shipyard in China. This 5,300 dwt vessel, which can carry 8,200 m3 of

about 3 years ago
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