Oslo-based Eitzen Group has become a majority shareholder in Høglund Marine Solutions, a compatriot provider of sustainable automation and energy solutions for the maritime industry. Høglund designs and develops smart automation, energy, and digital solutions targeting the optimization of vessels’ o
Carnegie Clean Energy and Hewlett Packard Enterprise (HPE) have extended their collaboration agreement and will continue to work together on innovations in the wave energy sector for another two years.
The construction of the new jetty for liquefied gases has officially begun in Stade, Germany, to receive one of the five floating storage and regasification units (FSRUs) chartered by the federal government. According to Hanseatic Energy Hub (HEH), the construction of the new jetty started on 20 Jan
BP has revealed that an FPSO destined for its Greater Tortue Ahmeyim LNG project has embarked on its journey to Mauritania and Senegal.
India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. Exports to India increased from virtually nothing prior to Russia’s invasion of Ukraine to 1.2 Mb/d in November last year, according to Poten & P
Swedish green electrofuel developer Liquid Wind has revealed its plan to establish the country’s third electrofuel facility for the maritime sector, following similar FlahshipONE and FlagshipTWO projects. For this purpose, Liquid Wind, in partnership with Umeå Energi, carried out a feasibility study
Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close
The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect
Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to con
The last major pieces of the contract to build the wave energy test site PacWave South have been executed, paving the way for the completion of the Oregon State University-led facility off the coast of Newport in Oregon.
A group of Shetlanders have made a short film, asking Norway to stop the development of a giant oil field off the coast of Shetland.
Greek cable manufacturer Hellenic Cables has launched an investment program of approximately €80 million over a two-year horizon in order to address the growing demand for electrification. The program includes a major expansion of the company’s subsea cable plant in Corinth that will double the prod
Clean Hydrogen Joint Undertaking, also known as the Clean Hydrogen Partnership, has launched its 2023 call for proposals for the development of clean hydrogen technologies. The call was launched on 17 January with a total of €195 million to be made available for projects that support the creation of
The construction of ESL Shipping’s energy-efficient plug-in hybrid vessels at the Chowgule Shipyard in India is progressing according to schedule, the Finnish dry bulk shipping company said. Block assembly of the first two vessels, Electramar and Stellamar, is currently progressing in four parts: af
