The Finnish tech group Wärtsilä is collaborating with Norwegian shipowner Eidesvik Offshore to convert the “Viking Energy” offshore vessel to run on ammonia fuel by 2026. This transformation makes it the world’s first ammonia-powered vessel in operation, reducing emissions by at least 70%. Equinor supports this initiative to meet global emissions targets.
Equinor ASA (EQNR) has extended its partnership with Gasum for LNG bunkering, ensuring supply to Equinor’s fleet. Gasum’s specialized vessels showcase operational readiness, supporting Equinor’s sustainability goals. Both companies prioritize reducing emissions, with Equinor aiming for net-zero emissions by 2050. The renewed agreement highlights the importance of strategic partnerships in advancing sustainability in the maritime industry through the use of LNG and bio-LNG.
Equinor has agreed to a swap transaction with BP, resulting in a significant reshuffle of ownership of several offshore wind projects in New York State. The deal will see Equinor take full control of Empire Wind’s lease and projects, while BP will take full ownership of Beacon Wind’s lease and projects. This transaction involves Equinor acquiring 100% ownership of Empire Offshore Wind Holdings LLC and, under certain conditions, acquiring BP’s half interest in the South Brooklyn Marine Terminal (SBMT) lease. In the meantime, BP will acquire Beacon Wind Holdings LLC and the associated project company and thus become the operator of the Beacon Wind projects.
