Consortium working on the hydrogen-powered tanker concept HyEkoTank has signed a grant agreement with the European Union, which comprises €5 million in grants under the funding scheme HORIZON EUROPE. The partners involved in the project are Shell International Trading and Shipping Company Limited and Shell International Exploration and Production BV, Ektank
Autonomous shipping alliance One Sea has welcomed South Korea’s Avikus, a subsidiary of Hyundai Heavy Industries Group (HHI Group), as its latest member. One Sea Secretary General Sinikka Hartonen said: “Welcoming Avikus on board is an exciting development which brings in participation from one of our industry’s most important hubs
Finnish transmission system operator Gasgrid Finland has completed construction work for the floating LNG terminal in the deep harbour area in Inkoo as it expects Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar to reach the terminal as early as 25 December. On 20 December, Gasgrid also informed it
NEOM Green Hydrogen Company (NGHC) has signed facility agreements with local, regional, and international banks along with the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF) for a mega green hydrogen plant, set to produce green ammonia, in NEOM, Saudi Arabia. Courtesy of NGHC Local, regional,
Norwegian energy player Equinor and its partners in the Snøhvit project have revealed plans to invest NOK 13.2 billion (around $1.3 billion) in upgrading the Hammerfest LNG (HLNG) plant at Melkøya with onshore gas compression and electrification. On 20 December, Equinor submitted a plan for development and operation (PDO) of
Swedish green electrofuels developer Liquid Wind has informed that its partner, Danish offshore wind developer Ørsted, will acquire full ownership of the FlagshipONE project, the largest green electrofuel facility in Europe that has reached a final investment decision (FID). The project was developed and previously co-owned by Liquid Wind and
European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title Transfer
Finnish shipbuilder Rauma Marine (RMC) has launched the construction of the second car and passenger ferry being built for the Spirit of Tasmania (TT-Line) based in Australia. The steel-cutting ceremony for the vessel, named Spirit of Tasmania V, was held on December 20. The construction of the first vessel from the
Air Liquide Engineering and Construction (Air Liquide) has won a liquefaction contract for Woodside Energy’s proposed H2OK hydrogen project in Oklahoma, US. Conceptual Image / Courtesy of Woodside According to the contract, Air Liquide will provide the engineering and fabrication of two 30 tonnes per day liquefaction units which will