Sunday, May 19, 2024

Norway News

Rapid Charging Systems: Current Technology for the Future of Ferries

3mar (Mobimar) offers a ramp-mounted autonomous bow charging system, NECTOR, that can establish a rapid connection to the vessel, easily activated via push button from the bridge. Image courtesy 3mar

As the devotion to more sustainable shipping expands and regulations become more stringent, the demand for lower emissions operations continues to increase. As a result, the marine industry is confronted with the challenge of large-scale electrification as an alternative energy solution.For electric ferries…

Eni, Vaar Agree to Buy Neptune Energy in $4.9 Billion Deal

Neptune Eneergy's Gjøa platform in Norway Credit: Neptune Energy

Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…

Fred. Olsen 1848 Introduces Floating Solar Array

Source: Fred. Olsen 1848

Fred. Olsen 1848 has introduced near and offshore floating technology it has named BOLETTE.The company says it has overcome the main challenge for floating solar, particularly in marine environments: how to handle wave loads in combination with wind.BOLETTE…

Spain's Energy Firms Look to Central Europe Markets for Green Hydrogen Deals

© Corona Borealis / Adobe Stock

Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.The two Spanish companies are vying to become green hydrogen leaders, with planned investments worth billions of euros.

Markets: The Challenges of Developing Floating Wind at Scale

Hywind Scotland, the world.s first floating wind farm, operated by Equinor. (Credit: Signal Film / ©Equinor)

Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind…

NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP

Artists impression of the NH3 FPSO concept - a floating ammonia production unit developed by SWITCH2 and BW Offshore. Image courtesy SwitchH2 BV/BW Offshore

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands-based SwitchH2…

Thinking Holistically about Hydrogen’s Place in the Energy Transition

©Shawn Hempel/AdobeStock

As energy operators across the world come to terms with the continuously changing nature of the energy transition, the need for a wide-lens view of the situation is clear. This includes knowing the capabilities and pitfalls of renewable energy sources at our fingertips…

Thinking Holistically About Hydrogen’s Place in the Energy Transition

© magann / Adobe Stock

As energy operators across the world come to terms with the continuously changing nature of the energy transition, the need for a wide-lens view of the situation is clear. This includes knowing the capabilities and pitfalls of renewable energy sources at our fingertips…

Has Green Hydrogen Sprung a Leak?

©Andreas Prott/AdobeStock

The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they…

MTR100: For USVs and AUVs, is it a Hydrogen Future?

The Maxlimer hydrogen configuration.  Image courtesy SEA-KIT International

Hydrogen has been making big headlines in the energy world. It’s one of the potential routes to deliver high density energy to transport and heavy industry – but also to marine applications, as well as a way to move and store renewable energy. Various uncrewed surface vessel (USV) developers…

Molten Salt Reactors: Maritime’s Nuclear Option

Multipurpose: an illustration of Ulstein International’s nuclear-powered Thor showing its ship-to-ship resupply boom and passenger transfer, and below a close-up of a replenishment operation. Image courtesy Ulstein International

A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among…

Battery-Electric Surge: ESS Scales Up in Maritime

Battery friendly: the DC set-up aboard an ESS-equipped VARD vessel. Image courtesy Vard

Ask the right government department in any G7 state and you’ll find funding to put battery power for your vessel. Beyond funds, new battery makers and system integrators are ironing out safety issues, and a growing number of giga-sized cell factories offer hope that costs will fall for marine energy storage…

Soaring Gas Prices Power Equinor Q2 Profits

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Equinor said it will return an additional $3 billion to shareholders after reporting better-than-expected second-quarter profit on the back of soaring gas prices fuelled by the war in Ukraine. The company boosted gas supplies to Europe by 18% in the April-June period compared to a year ago…

Energy Security: Equinor Inks Deal for Winter Gas Supply with UK’s Centrica

Group photo from the signing of the agreement: Equinor and the UK’s Centrica have signed an agreement which will provide additional supplies of around 1 billion cubic meter (bcm) of gas for each of the coming three heating seasons. From left, Centrica Group CEO Chris O’Shea, Secretary of State for Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng and Equinor’s SVP Gas & Power Helge Haugane. Image courtesy Equinor

Equinor and Centrica announced an agreement to deliver additional gas supplies to the UK, effectively providing energy security for the UK over the coming three winters. The new supply agreement adds around 1 billion cubic meters (bcm) per year to Equinor’s existing…

US Prepares Renewal of Chevron's Venezuela License Without Broader Terms

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The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer…

Corvus Energy to open new Battery Factory in the U.S.

[L to R]: Chris Green, Washington State Department of Commerce Assistant Director for the Office of Economic Development and Competitiveness; Elliot Smith, Director of real estate and properties, Port of Bellingham; and Geir Bjørkeli, CEO of Corvus Energy. Photo courtesy Corvus Energy

As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations. Leading the charge are a number of battery manufacturers globally…

Future Fuels: The Pros and Cons of Methanol

No emissions methane oxidization on a MOL design Photo courtesy MOL

To say there is uncertainty regarding 'future fuels' in the maritime sector is a big understatement. With numerous options evolving, we asked William Stoichevski to produce the 'future marine fuel manifesto' for the May 2022 edition of Maritime Reporter & Engineering News.

Carbon Capture & Storage: A New Lease of Life for Submarine Pipelines?

Photo courtesy Neptune Energy

Since 2019, hydrogen and carbon capture and storage (CCS) have risen up the political agenda, globally, offering a route to decarbonization, as well as (more recently), increased energy security. Many are eying use of existing pipeline to make both happen.

Neptune Energy Targets 2030 to Store More Carbon Than It Emits

“Neptune has one of the lowest carbon intensities in the sector due to the steps we have taken already to reduce operational emissions. We have both the infrastructure and the experience with electrification and CCS to now accelerate our ambitions," said Pete Jones, CEO. Photo courtesy Neptune Energy

With increasing pressure on the oil and gas industry to cut its emissions footprint, Neptune Energy said it aims to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.According to the company…

Investors on Board as U.S. Oil Majors Dismiss Wind and Solar Projects

Credit: Mike Mareen/AdobeStock

Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers…