McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,
The Clean Hydrogen Partnership, a public-private partnership supporting research and innovation activities in hydrogen technologies in Europe under the Horizon Europe Programme, has announced it will invest €105.4 million for funding nine hydrogen valley projects across Europe, following its first c
Energy technology company Baker Hughes has signed a memorandum of understanding (MoU) with Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, to collaborate on decarbonisation of hard-to-abate industries. Under the MoU, Baker Hughes and FFI will jo
New global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching $33 billion.
Prysmian Group has finalized the cable laying and burial operations for the submarine power interconnection between Ibiza and Formentera in Spain. Marine installation operations were performed by Prysmian’s cable-laying vessel Cable Enterprise, while burial activities were carried out by the company
From the summer of 2023, the Port of Rotterdam, Europe’s top bunkering port, will provide methanol bunkering to sea-going vessels on a regular basis. Last year saw several sea-going ships bunker methanol at the port, the port figures show, resulting in a total of 1,500 tons of methanol sold in 2022.
Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.
Low and zero-emission fuels supplier Titan has acquired two small-scale liquefied natural gas (LNG) carriers from Canadian gas transportation company Seapeak for bunkering retrofit. Titan plans to retrofit the vessels – Seapeak Unikum and Seapeak Vision – to ensure suitable LNG bunkering capabilitie
Germany-headquartered Subsea Europe Services (SES) has opened a new research and development (R&D) center dedicated to the development of new integrated, autonomous and digital technologies. The new facility, located at the company’s premises in the Ocean Technology Campus Rostock, will focus on the
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
The Netherlands and Australia have signed a memorandum of understanding (MoU) to support the development of a renewable hydrogen supply chain from Australia to Europe. In what was described as a milestone agreement, Australia’s Climate Change and Energy Minister Chris Bowen and the Dutch Minister fo
Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart
German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of
Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines
