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Business Developments & Projects

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Swedish hybrid ocean energy platform on sea trials in commercialization push
Business Developments & Projects

Swedish hybrid ocean energy platform on sea trials in commercialization push

Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St

about 3 months ago
Rescue mission showing two men being lifted onto a helicopter; Courtesy of CHC Helicopter
Business Developments & Projects
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Multimillion-dollar encore extends CHC choppers’ Norwegian oil & gas run until 2030

Norwegian state-owned energy giant Equinor has ensured the continuation of helicopter activity in Central Norway by prolonging CHC Helikopter Service’s flight assignment until the end of the decade.

about 3 months ago
Covelya Group acquisition expands Kraken’s geographic reach
Business Developments & Projects

Covelya Group acquisition expands Kraken’s geographic reach

Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 3 months ago
Höegh Evi and Nord Gas Solutions have validated ammonia-to-hydrogen cracking technology for floating hydrogen terminals; Courtesy of Höegh Evi
Business Developments & Projects

Floating hydrogen terminals edge closer to reality with ammonia cracking tech validation

Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), and Nord Gas Solutions, formerly Wartsila Gas Solutions, have wrapped up the performance testing of their ammonia-to-hydrogen cracking technology for floating hydr

about 3 months ago
Ocean energy can supply 13% of global electricity demand, report says
Business Developments & Projects

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
UK power superhighway first HVDC cable to use 100% recycled copper
Business Developments & Projects

UK power superhighway first HVDC cable to use 100% recycled copper

The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2

about 3 months ago
Ormen Lange development; Source: Shell
Business Developments & Projects

Shell tasks AGR with workforce provision for its ops in Norway

Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, has entrusted AGR, part of the Oslo-listed energy and marine consultancy Aqualis (formerly ABL Group), with the task of supplying the human capital for its onshore and offshore operations in Norway.

about 3 months ago
NKT completes expansion of Danish power cable factory, over 100 new employees join
Business Developments & Projects

NKT completes expansion of Danish power cable factory, over 100 new employees join

Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. The expansion works began in September 2024 and include a new production hall, new

about 3 months ago
Block 10 map; Source: QatarEnergy
Business Developments & Projects

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

Qatar’s state-owned oil and gas giant QatarEnergy and the U.S.-headquartered energy heavyweight ExxonMobil have inked a commercial discovery declaration for natural gas finds at a block off the coast of Cyprus.

about 3 months ago
DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions
Business Developments & Projects

DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions

Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions. “This Statement of Compliance represents a significant milest

about 3 months ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has lined up assignments for three of its harsh environment semi-submersible rigs with Norway’s state-owned energy giant Equinor on the Norwegian Continental Shelf (NCS).

about 3 months ago
Eidesvik vessel scores new long-term gig with Aker BP
Business Developments & Projects

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP

Norway’s offshore vessel owner Eidesvik Offshore has strengthened its relationship with Aker BP, a compatriot oil and gas player, through a new deal, which enables one of its platform supply vessels (PSVs) to secure a long-term assignment with the Norwegian operator.

about 3 months ago
Gjøa platform
Business Developments & Projects

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

As operators embark on portfolio optimization quests, a series of asset exchanges is reshaping the Norwegian Continental Shelf (NCS), with the latest such move coming from Norway’s state-owned energy giant Equinor and its compatriot Vår Energi, which have agreed to a swap of offshore oil and gas ass

about 3 months ago
FPSO Cidade de Niteroi MV18; Source: MODEC
Business Developments & Projects

MODEC’s FPSO reaches recycling yard after finishing Brazilian assignment

Japan’s MODEC has confirmed the arrival of a floating production, storage, and offloading (FPSO) vessel at a ship recycling facility in Denmark, following the completion of the unit’s work at an oil field off the coast of Brazil.

about 3 months ago