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Business Developments & Projects

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Keel laying marks official construction start of NKT's second cable layer
Business Developments & Projects

Keel laying marks official construction start of NKT’s second cable layer

Danish power cable manufacturer and installation company NKT has marked the official start of construction of its new cable-laying vessel (CLV) NKT Eleonora with the keel laying ceremony, some two months after the first steel was cut for the vessel. The official keel laying of NKT Eleonora took plac

about 1 year ago
Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract
Business Developments & Projects

Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract

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Nexans has secured the contract for the LanWin2 offshore grid connection in Germany, valued at €1 billion, under the framework agreement TenneT awarded the French subsea cable supplier in May 2023. The project involves the engineering, procurement, construction, and installation (EPCI) of 250 kilome

about 1 year ago
AtoB@C Shipping charters six eco-vessels from German shipowner
Business Developments & Projects

AtoB@C Shipping charters six eco-vessels from German shipowner

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has entered into long-term time charter contracts with German shipowner BAAS Shipping from six new low-emission vessels.

about 1 year ago
An offshore platform
Business Developments & Projects

Trident kicks off the new year with fresh Congo acreage

UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo.

about 1 year ago
New 800 MW green hydrogen project launched in Northern Germany
Business Developments & Projects

New 800 MW green hydrogen project launched in Northern Germany

Denmark’s Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), and German Friesen Elektra Green Energy have initiated project Anker, a green hydrogen production facility in Sande, Northern Germany.

about 1 year ago
NextGeo continues its expansion spree with purchase of another vessel
Business Developments & Projects

NextGeo continues its expansion spree with purchase of another vessel

As part of its growth and expansion plans aimed at strengthening the fleet and meeting increasing demand in the offshore sector, Italy-headquartered Next Geosolutions (NextGeo) has acquired another vessel, to be used for survey activities. NextGeo has completed the acquisition of the vessel Deep Hel

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

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

about 1 year ago
Fincantieri
Business Developments & Projects

Fincantieri’s new JV to focus on circular economy-based waste management

Italian shipbuilder Fincantieri and compatriot Hera Group, a multi-utility company operating in the environment, energy, and water sectors, have established CircularYard, a joint venture to create an “innovative” waste management system at the former’s eight domestic shipyards with an approach roote

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business Developments & Projects

UK’s ‘largest’ gas and hydrogen energy storage project on track for FID in 2025

EnergyPathways has made progress in making its proposed large-scale energy storage project in the East Irish Sea ready for a final investment decision (FID) later this year by securing operatorship for a block encompassing the project and picking a compatriot contractor to handle engineering study f

about 1 year ago
Man seen from behind standing inside a metal tank
Business Developments & Projects

GTT lands tank design gig for 6 very large LNG carriers

French technological containment specialist Gaztransport & Technigaz (GTT) has received an order from Chinese shipbuilder Hudong-Zhonghua, a subsidiary of China State Shipbuilding Corporation (CSSC), for the tank design of six new very large liquefied natural gas carriers (LNGCs).

about 1 year ago
UK's first HVDC cable factory gets €23.7M boost from Scottish bank
Business Developments & Projects

UK’s first HVDC cable factory gets €23.7M boost from Scottish state-owned bank

The state-owned Scottish National Investment Bank is investing £20 million (around €23.7 million) in subsea cable manufacturer XLCC which will support the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. The new manufacturing facility is located at the brownfiel

about 1 year ago
Nel halts alkaline electrolyzer production in Norway
Business Developments & Projects

Nel halts alkaline electrolyzer production in Norway

Norwegian company Nel has decided to temporarily halt production at the alkaline electrolyzer production facility in Herøya, Norway.

about 1 year ago
SMD has teamed up with Beam to deploy AI-powered autonomous vehicles for offshore wind operations using Beam’s Pathfinder software.
Business Developments & Projects

AI-enabled ROV ops chart deeper offshore pathways for wind industry work

Underwater solutions company SMD has teamed up with UK-headquartered tech player Beam to deploy AI-powered autonomous vehicles for offshore wind operations using Beam’s software. The collaboration aims to boost efficiency in offshore wind farm maintenance by combining advanced subsea technologies. A

about 1 year ago
EPS adopts SulNOx tech to cut emissons and fuel use on minimum 30 vessels
Business Developments & Projects

EPS adopts SulNOx tech to cut emissons and fuel use on minimum 30 vessels

Singapore-based ship management company Eastern Pacific Shipping (EPS) and UK tech provider SulNOx have signed an agreement encompassing investment and adoption of the latter’s products for reducing emissions and fuel consumption.

about 1 year ago