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Business Developments & Projects

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Troll C platform in North Sea; Source: Equinor
Business Developments & Projects

Equinor hires Aker Solutions for North Sea subsea tie-in project

Norway’s energy giant Equinor has selected compatriot Aker Solutions for work on a subsea development that will combine multiple discoveries in the northern part of the North Sea.

about 1 year ago
Swedish state-owned corp backs financing of large UK subsea link with €800M
Business Developments & Projects

Swedish state-owned corp backs financing of large UK subsea link with €800M

Swedish Export Credit Corporation (SEK), a state-owned company that finances Swedish exporters, their subcontractor, and foreign customers, has agreed a €800 million loan facility with National Grid Electricity Transmission to fund a portion of what is said to be the UK’s largest-ever electricity tr

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about 1 year ago
Photo of L&T Umbilical
Business Developments & Projects

JDR Cable Systems wins service deal for offshore umbilical testing in Middle East

UK-based manufacturer of subsea and power cables, JDR Cable Systems, part of TFKable Group, has secured a service contract with an Indian multinational enterprise engaged in engineering, Larsen & Toubro (L&T), to test 14 umbilical cables for offshore platforms in the Middle East. According to JDR Ca

about 1 year ago
EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters
Business Developments & Projects

EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters

EDGE Navigation and DNV have signed an agreement to jointly develop a classification framework for a 20,000 cbm ocean-going liquid hydrogen (LH2) carrier.

about 1 year ago
HelioRec's 250kW floating solar in Domaine De Cicé-Blossac, Bruz, France
Business Developments & Projects

HelioRec completes O&M for 250 kW floating solar plant in France

French floating solar company HelioRec has completed operations and maintenance (O&M) activities on its 250 kW floating solar installation at Domaine de Cicé-Blossac in France. Commissioned on 29 October 2024, the system has so far helped avoid 70 tonnes of CO₂ emissions – “the equivalent of plantin

about 1 year ago
Gjøa; Source: Vår Energi
Business Developments & Projects

TechnipFMC and Vår Energi chart a way forward for ‘faster’ North Sea oil & gas developments

TechnipFMC and Vår Energi have struck a deal related to the model that will be used to bring to life future subsea developments in the Gjøa area in the North Sea, off the coast of Norway.

about 1 year ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Business Developments & Projects

Rovco and Vaarst’s recently shut-down brand acquired by Swiss group

Rosenxt UK, part of Swiss technology group Rosenxt Holding, has acquired selected assets and talent from subsea robotics and engineering firm Beam, which ceased operations earlier this year. Beam, formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst in

about 1 year ago
New Nexans cable layer arrives in Norway to wrap up construction (Gallery)
Business Developments & Projects

Last destination before finalization: New Nexans cable layer arrives in Norway (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) has arrived at Ulstein Verft in Norway, marking the start of its outfitting and completion phase. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version o

about 1 year ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea oil & gas search underway as drilling ops kick off at first of three wells

Norwegian oil and gas company OKEA has begun its three-well hydrocarbon exploration drilling campaign in the North Sea off the Norwegian coast, with the spudding of the first well.

about 1 year ago
HGK Shipping and Wattlab pioneer hybrid solar-powered inland shipping vessel
Business Developments & Projects

HGK Shipping and Wattlab pioneer hybrid solar-powered inland shipping vessel

Inland waterway shipping company HGK Shipping has joined forces with the Dutch maritime solar specialist Wattlab for what is claimed to be the world’s first hybrid solar-powered inland shipping vessel.

about 1 year ago
Surveys to begin at Ireland-Wales interconnector in ten days
Business Developments & Projects

Surveys to begin at Ireland-Wales interconnector in ten days

Belgian GeoXYZ will be kicking off site investigations this month for a 750 MW electricity interconnector that will link Ireland and Wales. The MaresConnect interconnector will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyd

about 1 year ago
Key Manhattan rig - Shelf Drilling
Business Developments & Projects

Multimillion-dollar drilling extension with Eni keeps Shelf Drilling rig busy in Italy

Shelf Drilling (SHLF) has got hold of a long-term contract extension for one of its jack-up rigs, enabling the unit to stay longer in Italian waters with Eni, the country’s energy giant.

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Business Developments & Projects

ExxonMobil’s new gas discovery springs into view offshore Cyprus

Two energy giants, U.S.-headquartered ExxonMobil and Qatar’s QatarEnergy, have made a new gas find off the coast of Cyprus, using a drillship owned by Valaris, an offshore drilling contractor.

about 1 year ago
ETAP facility in the North Sea; Source: BP
Business Developments & Projects

North Sea operator brings JAPEX’s UK arm into its fold

Ithaca Energy, a North Sea oil and gas operator and producer, has expanded its upstream portfolio with the acquisition of JAPEX UK E&P (JUK) from Japan Petroleum Exploration (JAPEX).

about 1 year ago