Search results for: race bank

2139 results

A list of search results

  • Wind-installed vessels set to surpass 40+ target by year-end

    3 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The wind-assisted propulsion sector has experienced remarkable growth and continued momentum during the first half of 2023, with significant advancements reshaping the maritime industry. During this period the sector has seen five new installations, the delivery of six wind-ready vessels, and boasts a promising pipeline of projects in progress, the International Windship Association (IWSA) said. […]

  • Four contenders join the race for HMM’s privatization

    27 July 2023
    Business & Finance, Business Developments & Projects

    Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). After receiving the Investment Memorandum (IM), SM Group, LX Holdings, Dongwon Group, and Harim emerged as prospective investors, as reported by […]

  • Interview: As America’s energy mix decarbonizes, growth spurt in the air for renewables with offshore wind as centerpiece

    2 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    Thomas Gros, a senior energy industry executive, sees offshore wind as the linchpin of the decarbonised energy mix.

  • Valaris: As four rigs land new jobs, all roads lead to ‘strong and sustained upcycle’ in offshore drilling

    2 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Valaris has won new contracts for two floaters and two jack-ups in its rig fleet for work in West Africa, the Gulf of Mexico, and Australia.

  • Nestlé UK and Ørsted sign offshore wind PPA

    27 April 2020
    Business & Finance

    Nestlé UK has signed a long-term corporate power purchase agreement to buy the output of 31 MW from Ørsted’s Race Bank offshore wind farm. The UK subsidiary of the world’s largest food and beverage company, Nestlé, signed a 15-year indexed fixed price agreement with Ørsted. This is Ørsted’s largest fixed-price corporate power purchase agreement (PPA) […]

  • Ørsted expects much lower hit from cable protection system issues than anticipated

    29 April 2022
    Business & Finance, Operations & Maintenance

    Ørsted now expects costs to reinstate the integrity of inter-array cables affected by cable protection issues at some of the company’s offshore wind farms to amount to up to DKK 1.3 billion (around EUR 175 million) and not up to DKK 3 billion as initially anticipated. As reported, Ørsted discovered the issue with Cable Protection […]

  • Prysmian’s renewed credit facility includes environmental and social KPIs

    13 July 2023
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Transition, Vision

    Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolving credit facility sustainability-linked with a pool of Italian and international banks. This five-year […]

  • Japanese companies set to invest billions in UK’s offshore wind, green hydrogen

    19 May 2023
    Authorities & Government, Business & Finance

    Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately €16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Minister’s business reception in Tokyo on 18 May, the UK government announced […]

  • WinGD: X-DF-A dual-fuel engine to run on ammonia by Q1 2025

    18 July 2023
    Business Developments & Projects, Equipment, Project & Tenders

    Swiss marine power company WinGD has revealed that it is on track to deliver its first X-DF-A dual-fuel ammonia engines by the first quarter of 2025.

  • Saipem’s €860 million credit facilities come into force

    22 June 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Saipem has strengthened its financial structure and liquidity, after its two new credit facilities came into effect.

  • MAN ES’ low-emission engines to power Svitzer’s TRAnsverse tugs

    18 July 2023
    Business Developments & Projects, Equipment

    Turkish Uzmar Shipyards has selected MAN Energy Solutions’ (MAN ES) 12V175D-MM marine propulsion engines for Svitzer’s TRAnsverse tugboats.

  • Two More Contracts for Jan De Nul

    21 April 2015
    Business & Finance, Equipment, Technology, Vessels

    Jan De Nul Group has secured two contracts with Dong Energy to execute cable installation works for the Burbo Bank Extension Offshore Wind Farm in Liverpool Bay. A first one for the installation of the export cables, and a second one for the installation of the infield cables. Jan De Nul Group will install and […]

  • Seabird’s latest contract ‘reflective of improving OBN market’

    14 July 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Cyprus-headquartered seismic firm SeaBird Exploration has secured a two-year contract with a repeat client for services spanning several projects in the Western Hemisphere. Seabird reported on 14 July that it had signed a Letter of Award (LoA) for ocean bottom node (OBN) source services, with the counterparty being a “repeat tier 1 client”. The contract is expected […]

  • DPC Innovation Awards for Jan De Nul Group

    24 November 2016
    Business & Finance

    Jan De Nul Group has won two DPC Innovation Awards, one for Project Design in Open Water (trenching tools Sunfish and Moonfish) and another for Project Design in Inland Dredging (engineered sediments for flood control dyke construction). The Award for Innovative Open Water Dredging Project went to the in-house engineering and construction of two trenching […]

  • Manor settles at Siemens Gamesa’s Hull facility

    14 April 2020
    Business & Finance, Ports & Logistics

    Manor Renewable Energy has established an operational hub at Siemens Gamesa’s manufacturing and port facility in Hull, the UK. Manor said its new offices and presence on the Siemens Gamesa 450,000m2 site means the business is geographically closer to its offshore wind customers. “The Siemens Gamesa port in Hull offers us excellent services and facilities, to […]

  • Are Britain’s green and low-carbon ambitions hanging by a thread?

    1 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    A deep dive into the recent developments in the UK and the way the energy industry feels about their potential impact on net-zero aspirations.

  • TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day

    27 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.

  • GTT nets new LNGC tank design order from Samsung Heavy

    7 July 2023
    Business Developments & Projects, Vessels

    French LNG containment specialist GTT has received several orders from its partner, the Korean shipyard Samsung Heavy Industries (SHI), for the tank design for a total of five new LNG carriers (LNGCs). According to GTT, the order was made on behalf of a number of international ship owners. GTT will design the tanks of these […]

  • WoodMac pinpoints five global energy transition themes through Asian lens

    26 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Wood Mackenzie, an energy intelligence group, lists five global challenges in the energy transition story from the Asian perspective.

  • Jan de Nul Selects Tekmar for Northwester 2 Project

    31 January 2019
    Equipment, Project & Tenders

    Tekmar Energy has been selected by Jan De Nul to provide its Cable Protection System (CPS) TekLink Mechanical Latch for the Northwester 2 offshore wind farm. Northwester 2 will be the sixth wind farm in the North Sea off the Belgian coast, consisting of 23 turbines and will provide a total of 219 MW from its […]

  • NKT delivers Triton Knoll wires

    2 March 2021
    Business Developments & Projects, Equipment, Infrastructure, Technology

    NKT has finalised the manufacturing and delivery of the export cables and array cables for the 857 MW Triton Knoll offshore wind farm located in the North Sea east of Lincolnshire in the UK. The project comprises the manufacture of 100 kilometres of 220 kV HVAC offshore export cables and 144 kilometres of 66 kV […]

  • JDR’s Inter-Array Cables for Ørsted’s Hornsea Project Two

    30 August 2018
    Equipment, Project & Tenders

    UK-based JDR Cables, owned by the TFKable Group, has won a multi-million pound contract to supply inter-array cables and termination work for Ørsted’s offshore wind farm Hornsea Project Two. The contract includes 100 km of inter-array cables, all to be assembled in JDR’s Hartlepool facility. Inter-array cables link turbines together, and carry the clean electricity generated […]

  • Awel y Môr offshore wind farm secures Crown Estate lease agreement

    6 July 2020
    Project & Tenders

    Awel y Môr offshore wind farm has secured an Agreement for Lease with the Crown Estate for a 106-square-kilometre seabed area located to the west of the existing Gwynt y Môr offshore wind farm. Namely, in February 2017, the Crown Estate invited operators of the existing offshore wind farms in the UK for expressions of […]

  • Ørsted devising ‘band-aid’ solution for €403 million cable issue

    15 June 2021
    Business Developments & Projects, Operations & Maintenance, Technology

    Ørsted is developing a solution that could potentially save the company from spending as much as €403 million to repair damaged inter-array cables across up to ten of its offshore wind farms. As previously reported, Ørsted discovered an issue with Cable Protection Systems (CPSs) on the Race Bank wind farm off the UK earlier this […]

  • Clarksons: 44 pct of ships ordered in H1 are alternatively fueled

    12 July 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, methanol continues to close in on LNG as […]