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Business Developments & Projects

Fourfold production uptick for DNO’s North Sea oil & gas business after Sval buy

Norwegian oil and gas operator DNO has brought Sval Energi, a compatriot company, into its fold, enlarging its North Sea portfolio and quadrupling its oil and gas production levels.

about 1 year ago

Business Developments & Projects

GTT and HHI join forces to elevate LNG carrier tank design

South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) has signed two deals with French technological containment specialist Gaztransport & Technigaz (GTT) aimed at upgrading the design of liquefied natural gas (LNG) carriers.

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about 1 year ago

EIVA and Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software

Business Developments & Projects

Terradepth and EIVA integrate platforms to speed up subsea data delivery

Denmark-based EIVA and U.S. provider of ocean data management solutions Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software, aiming to automate the full subsea-to-cloud data workflow. According to Terradepth, the integration is designed to acce

about 1 year ago

Illustration of carbon capture and storage process; Courtesy of Norwegian Offshore Directorate

Business Developments & Projects

New North Sea CO2 storage exploration permit has Equinor’s name on it

Equinor has been offered an exploration license for CO2 storage in the North Sea, marking the eighth time acreage has been awarded for this purpose on the Norwegian Continental Shelf (NCS).

about 1 year ago

Nova Innovation's floating solar units (Courtesy of Nova Innovation)

Business Developments & Projects

Nova Innovation secures triple ISO certification for management systems

Scotland-based Nova Innovation has achieved triple ISO accreditation covering its quality, environmental, and health & safety management systems. The company said the certifications confirm its commitment to improving internal operations while aligning with internationally recognised standards. “It’

about 1 year ago

Business Developments & Projects

US approves OCI Global’s sale of methanol business to Methanex

OCI Global, has received U.S. regulatory approval for the sale of its global methanol business, OCI Methanol, to Methanex Corporation.

about 1 year ago

Business Developments & Projects

Meyer Werft picks TMC compressors for Carnival’s LNG-powered cruise ships

German shipbuilder Meyer Werft has selected Norway-based TMC Compressors to supply the marine compressed air system for two cruise ships being built for Carnival Cruise Line, part of cruise giant Carnival Corporation.

about 1 year ago

FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG

Business Developments & Projects

Baltic CO2 storage project gets EU funding

The European Commission has signed a grant agreement with Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN) for technical and commercial studies for a planned CO2 terminal in Klaipėda, Lithuania.

about 1 year ago

Reach Subsea's second uncrewed surface vessel (USV), Reach Remote 2.

Business Developments & Projects

Reach Subsea takes delivery of second uncrewed surface vessel

Norway’s Reach Subsea has confirmed the delivery of its second uncrewed surface vessel (USV), Reach Remote 2, after completing all technical installations, testing, and documentation. According to Reach Subsea, the vessel will be deployed for commercial projects, expanding the company’s uncrewed fle

about 1 year ago

Business Developments & Projects

NKT’s subsea trencher coming to fortify offshore power cable infrastructure

NKT has poured funds into the construction of a tool it describes as the world’s most powerful subsea trencher, which is expected to strengthen the offshore power cable ecosystem to ensure the security of supply and the transition to renewable energy.

about 1 year ago

Business Developments & Projects

Finland’s Meriaura returns to family ownership

Finnish shipping company Meriaura has been returned to family ownership under Meriaura Invest Oy’s 100% ownership.

about 1 year ago

Viking CCS project; Source: Harbour Energy

Business Developments & Projects

UK throws support behind carbon capture and storage pair set to unlock $34 billion by 2035

Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.

about 1 year ago

Type test qualification of 132kV subsea cables wraps up; Source: JDR

Business Developments & Projects

JDR makes headway with quantifications of subsea cables for offshore energy use

JDR Cable Systems, part of TFKable Group, has finished the type test qualifications for next-generation 132 kV subsea cables designed for offshore energy applications, especially in the fixed and floating offshore wind projects, where it is expected to enable the deployment of larger turbines by dou

about 1 year ago

COSL Prospector rig; Credit: COSL Drilling Europe

Business Developments & Projects

COSL rig set to spin the drill bit in Norwegian waters next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago