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Business Developments & Projects

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€2.45 million wave energy project targets Atlantic coastal deployment
Business Developments & Projects

€2.45 million wave energy project targets Atlantic coastal deployment

Wave energy developer Eco Wave Power has joined a newly approved €2.45 million project under the Interreg Atlantic Area Program, focused on advancing scalable wave energy deployment across Europe’s Atlantic coastline. According to Eco Wave Power, the project, named Atlantic Wave Energy Sustainable

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Business Developments & Projects

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

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French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
Skandi Tender vessel at sea
Business Developments & Projects

AHTS vessel pair leaving DOF’s fleet

The Danish subsidiary of Norway’s vessel owner DOF Group has inked deals with an undisclosed international buyer to sell two vessels from its fleet.

about 1 year ago
European Investment Bank approves €168M for second Malta-Italy interconnector
Business Developments & Projects

European Investment Bank approves €168M for second Malta-Italy interconnector

The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to decommission permanently inactive wells now to stave off a future sce

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business Developments & Projects

Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security.

about 1 year ago
Fugro's new partnership aims to keep Northern European subsea infrastructure safe
Business Developments & Projects

Fugro’s new partnership aims to keep Northern European subsea infrastructure safe

Fugro has partnered up with high-tech software company DTACT and AI-powered satellite intelligence company Ubotica to develop a data fusion and intelligence platform that will provide government organizations with the information needed to strengthen national security and safeguard critical underwat

about 1 year ago
Utility module for Valhall; Source: Aker BP
Business Developments & Projects

WATCH: Aker BP slotting puzzle pieces in place to ensure North Sea oil project’s 40-year lifespan

Aker BP is piecing together the remaining sections of the utility model puzzle designed for a production and wellhead platform (PWP) that will help ensure hydrocarbon production at its field in the southern part of the Norwegian sector in the North Sea for 40 more years.

about 1 year ago
Heimdal riser platform; Source: Gassco
Business Developments & Projects

Platform removal marks end of era in Norway’s energy history

Norwegian state-owned gas grid operator Gassco has completed one portion of the decommissioning job it is undertaking at a field in the North Sea.

about 1 year ago
Vessel Olympic Electra at Baltica 2 offshore wind farm site
Business Developments & Projects

Offshore work starts at PGE and Ørsted’s 1.5 GW project site in Poland

The vessel Olympic Electra has begun relocating boulders at the Baltica 2 project site, marking the start of the preparatory work ahead of offshore construction of what will be the biggest offshore wind farm in Poland. Boulder relocation is a key stage in preparing for the installation of foundation

about 1 year ago
New water assessment study to support green hydrogen production at Port of Pecém
Business Developments & Projects

New water assessment study to support green hydrogen production at Port of Pecém

RINA has been selected to conduct a water assessment study aimed at securing industrial water supply for green hydrogen production at the Pecém Industrial and Port Complex (CIPP).

about 1 year ago
Carnegie aims for stronger European investor ties via DGWA
Business Developments & Projects

Carnegie aims for stronger European investor ties via DGWA

Australian wave energy developer Carnegie Clean Energy has appointed German investment firm DGWA as its advisor for European financial markets and investor relations. The move aims to leverage Carnegie’s existing dual listing on the Frankfurt, Tradegate, and Stuttgart Stock Exchanges, increasing exp

about 1 year ago
Fugro, TGS to carry out detailed surveys for Norway’s first commercial offshore wind farm
Business Developments & Projects

Fugro, TGS to carry out detailed surveys for Norway’s first commercial offshore wind farm

Fugro and TGS have been awarded contracts for detailed site investigations at the Sørlige Nordsjø II (Southern North Sea II) site, where Norway’s first commercial offshore wind farm will be built by a consortium consisting of Parkwind and Ingka Investments. Fugro, which already performed surveys at

about 1 year ago
COSL Prospector rig; Source: COSL
Business Developments & Projects

New gas discovery puts another subsea tie-back on Norwegian field’s menu

Norwegian state-owned energy giant Equinor has made a fresh gas discovery, which is a tie-back candidate to a giant field in the Barents Sea off the coast of Norway.

about 1 year ago