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Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.

Business Developments & Projects

Minesto targets Asian market with Swedish Energy Agency funded program

Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden. According to Minesto, the initiative supports companies with an international market strategy that con

about 1 year ago

Polish shipyard starts ordering equipment for DOF's next-gen offshore support vessel

Business Developments & Projects

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Polish shipbuilder starts ordering equipment for DOF’s next-gen offshore support vessel

Polish shipbuilder CRIST S.A. has awarded a number of contracts to equip a next-generation offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group, set to operate offshore Newfoundland and Labrador, Canada. Provisionally named Sea Dragon and scheduled for delivery by Q1 202

about 1 year ago

Business Developments & Projects

NKT wraps up first cable installation campaign to connect oil & gas area off Norway to shore

Denmark-headquartered power cable manufacturer and installation company NKT has completed the first installation campaign in Norway to connect an offshore oil & gas development area to shore. NKT is currently carrying out the installation of 255 kilometers of HVAC power cables to connect the Yggdras

about 1 year ago

Business Developments & Projects

Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector.

about 1 year ago

Business Developments & Projects

Second of three Sea1 high-end subsea vessels joins Aurora Offshore’s fleet

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the second of three high-end subsea vessels from compatriot operator Sea1 Offshore, ex-Siem Offshore. A total of 11 vessels will transfer to Aurora Offshore as a part of its collaboration

about 1 year ago

Noble Resolve jack-up rig; Source: Noble

Business Developments & Projects

Noble shines light on overcoming challenging rig move through minefield

Noble Corporation has offered insights into the difficulties it had to come to grips with to transport one of its jack-up rigs for the firm’s inaugural drilling assignment off the coast of Poland.

about 1 year ago

SolarinBlue has completed a geotechnical survey and anchor traction tests for its 1 MW offshore solar project, Méga Sète, supported by France 2030.

Business Developments & Projects

SolarinBlue validates anchoring system for 1 MW offshore solar project

French renewable energy company SolarinBlue has completed a geotechnical survey and anchor traction tests for its 1 MW offshore solar project, Méga Sète, supported by France 2030. According to SolarinBlue, the field tests, conducted on February 27 and 28, assessed the viability of the anchoring syst

about 1 year ago

Business Developments & Projects

Norwegian firm quadrupling its North Sea oil & gas production with Sval Energi buy

DNO has set the wheels into motion to augment its hydrocarbon portfolio with the acquisition of Sval Energi.

about 1 year ago

FPSO Western Isles; Source: Jersey Oil & Gas

Business Developments & Projects

UK’s fiscal and regulatory hurdles pull the plug on FPSO buy as North Sea oil project awaits policy reset

A deal for an FPSO, picked for an oil redevelopment project in the North Sea, has been taken off the table as New European Offshore (NEO Energy) and its partners, Serica Energy and Jersey Oil & Gas (JOG), continue to wait clarity on the fiscal and regulatory woes arising from the UK’s current oil an

about 1 year ago

Greater Kittiwake Area (GKA); Source: EnQuest

Business Developments & Projects

UK oil & gas duo mulling over potential merger

Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion.

about 1 year ago

VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July

Business Developments & Projects

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago

Business Developments & Projects

UK firm’s ROV going to US to serve offshore wind market

UK’s Forum Energy Technology (FET) is set to deliver a remotely operated vehicle (ROV) to a North American subsea organization which will be used for offshore wind, as well as river bed surveys in the U.S. FET’s Subsea Product Line signed a contract for the sale of an electric Sub Atlantic Super Moh

about 1 year ago

Business Developments & Projects

CMA CGM plans to pour $20 billion into US maritime sector in next four years

French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

about 1 year ago

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas

Business Developments & Projects

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago