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Business Developments & Projects

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Wisting illustration; Source: Equinor
Business Developments & Projects

Equinor eyes final call on Norway’s largest undeveloped oil discovery by 2027-end

Norway’s state-owned energy giant Equinor has submitted a proposed program for the environmental impact assessment (EIA) of a possible field development in the Barents Sea for public consultation.

about 4 months ago
Hitachi Energy wins €770M contract for first Europe-Africa interconnector
Business Developments & Projects

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

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Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 4 months ago
Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies
Business Developments & Projects

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 4 months ago
Gjøa; Source: Vår Energi
Business Developments & Projects

North Sea oil output on the rise as FID moves coordinated subsea development forward

Norway’s oil and gas player Vår Energi is setting the wheels in motion to bring subsea tie-back development projects in the North Sea to life, in a bid to bolster the oil production arsenal on the Norwegian Continental Shelf (NCS).

about 4 months ago
Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea
Business Developments & Projects

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 4 months ago
Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement
Business Developments & Projects

Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement

The Norwegian Geotechnical Institute (NGI) and Japan’s OYO Corporation have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects, research and knowledge sharing, marking a step in NGI’s expansion into the Japanese offshore wind market. The agreement was signed on June

about 4 months ago
Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector
Business Developments & Projects

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w

about 4 months ago
Prysmian lands €910 million job for Greek island grid interconnections
Business Developments & Projects

Prysmian lands €910 million job for Greek island grid interconnections

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac

about 4 months ago
CLV Monna Lisa; Source: Prysmian
Business Developments & Projects

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic

about 4 months ago
Methanol-ready subsea vessel traveling from Vietnam to Norway for completion
Business Developments & Projects

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion

Rem Offshore’s second energy subsea construction vessel (ESCV) is currently on its way from Vietnam to Norway, where it will undergo outfitting and final completion. The Norwegian shipping company reported that REM Ocean was delivered from the hull yard in Song Cam, Vietnam, on June 15. The tow star

about 4 months ago
Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels
Business Developments & Projects

Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels

Australian green technology, energy, and metals company Fortescue is set to charter a fleet of 12 ammonia-capable vessels from Bocimar, CMB.TECH’s dry bulk shipping operator, under a newly signed agreement. Fortescue will charter 12 Newcastlemax dry bulk vessels (210,000 dwt), with up to three to be

about 4 months ago
Wellesley Petroleum and partners confirm gas discovery in North Sea
Business Developments & Projects

Wellesley Petroleum and partners confirm gas discovery in North Sea

An appraisal well drilled by Norway’s oil & gas player Wellesley Petroleum and its partners offshore Norway has confirmed gas/condensate discovery in the North Sea. The well 35/10 16 S is the third well drilled in production license 1148, which is valid from March 11, 2022, up to the same date in 20

about 4 months ago
OEG clearing seabed at East Anglia Two OWF site
Business Developments & Projects

OEG clearing seabed at East Anglia Two OWF site

OEG has returned to the East Anglia Two site for seabed clearance before construction work starts on the UK’s new offshore wind farm. According to a recently issued Notice to Mariners, the company will be carrying out the disposal of unexploded ordnance (UXO), boulder clearance, and the removal of o

about 4 months ago
Shearwater Geoservices to start 2025 in Ghana
Business Developments & Projects

Shell-Equinor joint venture hires Shearwater for more work

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has awarded Norwegian Shearwater GeoServices with more work. Shearwater has been selected to carry out a 4D towed streamer seismic acquisition project for the Mariner field in the UK North Sea using it

about 4 months ago