French engineering company Technip Energies and Abu Dhabi-based National Petroleum Construction Company (NPCC) have signed a deal to advance the energy transition in the United Arab Emirates (UAE) and other countries in the MENA region. Courtesy of Technip Energies Technip Energies and NPCC will specifically form a joint venture (JV)
Norway’s cleantech company TECO 2030 has been granted up to NOK 5.4 million (around $630,000) in indirect government support for developing its first production line for hydrogen fuel cells at its new fuel cell factory in Narvik. As disclosed, the project that has been granted tax relief involves the development
NED-Project, a Poland-headquartered naval architecture and ship design company with an office in the US, has developed a new wind turbine installation vessel (WTIV), which features a hydrogen-ready set-up and has the capability to install 15-20 MW wind turbines as well as to load and transport monopiles vertically. The vessel
Weekly LNG exports increased week over week, while Henry Hub spot prices lowered, according to the U.S. Energy Information Administration (EIA) report. Courtesy of Cheniere For the period between 16 September and 22 September, in its latest Short-Term Energy Outlook, EIA reports that the Henry Hub spot price fell from
U.S. classification society American Bureau of Shipping (ABS) and South Korean shipyard Hyundai Heavy Industries (HHI) have completed a joint development project to develop an optimized LNG carrier design. Illustration only; Courtesy of HHI The project resulted in a new LNG carrier hull design, as well as optimization of the machinery, electrical,
Danish shipping giant A.P. Moller – Maersk has made an investment in US-based startup company Prometheus Fuels focused on developing cost-efficient, carbon-neutral eFuels for shipping. This investment is made through Maersk Growth, the corporate venture unit of A.P. Moller – Maersk. The company expects several fuels to exist alongside in
UK’s oil and gas regulator has launched a decarbonisation competition for the electrification of offshore oil and gas installations following the government’s commitment in the North Sea Transition Deal to support the funding for early-stage electrification studies by the end of 2021. Source: OGA The Oil and Gas Authority (OGA)
The Finnish technology group Wärtsilä and the Finnish–Swedish ferry operator Wasaline have signed a ten-year optimised maintenance agreement for the Aurora Botnia LNG-powered ferry. Courtesy of Wasaline The parties signed the deal back in June 2021, but it became effective only in September. The Aurora Botnia is a 150-metre car and passenger
Germany’s boat builder Fassmer Shipyard and compatriot electric drive system provider Torqeedo have developed a fully electric ferry concept for public transport — the Fassmer CIT-E Ferry powered by a Torqeedo integrated drive system. Image Courtesy: Torqeedo As explained, the CIT-E Ferry can be operated in inner-city waterways cost-effectively —
South Korean shipyard Hyundai Sahmo Heavy Industries (HSHI) has ordered French containment specialist GTT’s tank design for two new LNG carriers on behalf of a European ship-owner. Courtesy of GTT HSHI ordered GTT‘s design and associated engineering services for the tanks of two new LNG carrier vessels. The vessels in