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Business Developments & Projects

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Business Developments & Projects

Norway’s Odfjell places shipping’s 1st sustainability-linked bond

As the first in the international shipping industry, Norway’s Odfjell SE has successfully issued a sustainability-linked bond.

about 5 years ago
Vestas announces layoffs as offshore and onshore wind organisations integrate
Business Developments & Projects

Vestas announces layoffs as offshore and onshore wind organisations integrate

Danish wind turbine manufacturer Vestas plans to lay off around 220 people in the process of integrating its offshore and onshore wind organisations. Vestas has recently acquired MHI Vestas Offshore Wind, and following the closing of the agreement with MHI, the company has begun the integration of V

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about 5 years ago
Linde to build largest PEM electrolyzer in Germany
Business Developments & Projects

Linde to build largest PEM electrolyzer in Germany

Industrial gasses and engineering major Linde has set out to build, own and operate the world’s largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna chemical complex in Germany.

about 5 years ago
Six answer call to build Thor offshore wind farm
Business Developments & Projects

Six answer call to build Thor offshore wind farm

The Danish Energy Agency has pre-qualified a total of six consortia and companies to participate in the tender for the Thor offshore wind farm. The applicants include Ørsted, Vattenfall, a consortium of Total and Iberdrola, as well as Thor Wind Farm I/S, owned by RWE Wind Holding A/S and RWE Offshor

about 5 years ago
Photo of QED Naval's Subhub platform (Couretesy of QED Naval)
Business Developments & Projects

QED Naval crowdfunding goes live

Edinburgh-based marine energy specialist QED Naval has launched the crowdfunding campaign on the Seedrs platform.

about 5 years ago
Cyprus Subsea at work
Business Developments & Projects

Subsea Europe Services teams up with Cyprus Subsea

Hamburg-based Subsea Europe Services and Cyprus Subsea Consulting and Services based in Nicosia have entered a new strategic cooperation. The partnership will see the two companies share knowledge and services that will simplify the acquisition of high-quality marine data for clients across Europe.

about 5 years ago
Illustration; Source: Nord Stream 2 AG
Business Developments & Projects

Nord Stream 2 pipelaying set to restart. U.S. warns of new sanctions

As Gazprom prepares to continue Nord Stream 2 pipelaying work in Danish waters, the U.S. State Department has again warned European companies of sanctions if they are suspected of helping to build Russia’s new gas pipeline.

about 5 years ago
Illustration; Source: Eni
Business Developments & Projects

Third of oil and gas workers saw wages drop in 2020

According to a worldwide survey, almost one-third of workers in the oil and gas industry faced pay cuts in 2020 due to the coronavirus crisis and drop in fuel demand and prices.

about 5 years ago
Greece flag
Business Developments & Projects

Greece and Italy scoping new power link

Greece and Italy will be looking to build a new subsea power interconnector with up to 1GW capacity, Greek grid operator IPTO said in its 2022-2031 preliminary development plan. IPTO and its Italian equivalent Terna recently teamed up to prepare studies to strengthen the interconnection of the two e

about 5 years ago
(L to R) Michael Fallon; Chris Phillips; Brian Aird (Courtesy of Nova Innovation)
Business Developments & Projects

Nova Innovation strengthens directorate ranks

Scottish tidal energy company Nova Innovation has welcomed ‘a new tide of talent’ with three new appointments made to its board of directors.

about 5 years ago
Wind Lift I jack-up vessel at an offshore wind farm
Business Developments & Projects

Harren & Partner buys Wind Lift I jack-up vessel, launches SAL Renewables

The parent company of SAL Heavy Lift, Harren & Partner Group, has added the Wind Lift I jack-up vessel to its fleet and launched SAL Renewables, a specialised company that will operate in the offshore wind sector. SAL Renewables is entering the market as a supplier of specialised vessels as well as

about 5 years ago
Stena Spey rig - IDS
Business Developments & Projects

Stena to deploy automated reporting and analytics tech across its fleet

Independent Data Services (IDS) has been awarded a fleet-wide deal with Stena Drilling for the fully integrated online reporting and analytics services.

about 5 years ago
DNV GL
Business Developments & Projects

DNV GL removes GL from its name as it braces for change

Norway-based classification society DNV GL has unveiled a decision to change its name to DNV on 1 March 2021.

about 5 years ago
Sillimanite D12-B platform - Wintershall Dea
Business Developments & Projects

First gas produced from Sillimanite South field

Wintershall Noordzee has started up the production of the D12-B3 well, the Sillimanite South field discovery well located in the Southern North Sea.

about 5 years ago