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Business Developments & Projects

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Troll A platform; Source: Jan Arne Wold/Equinor
Business Developments & Projects

Up to $420 million investment in North Sea subsea project unleashing more European gas

Norway’s state-owned energy giant Equinor and its partners – Petoro, Shell, TotalEnergies, and ConocoPhillips – have set their cap on investing just over NOK 4 billion (around $410–420 million) in a new subsea development, which will boost gas production from a field in the Norwegian sector of the N

about 4 months ago
AUV can operate at depths of up to 6,000 meters collecting high-resolution data; Credit: Jørgen Ramse Vadla
Business Developments & Projects
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Advanced underwater vehicle goes on first mission to chart Norwegian Sea’s subseascape

An advanced underwater vehicle (AUV), obtained by the Norwegian Offshore Directorate (NOD), a government agency responsible for managing and overseeing Norway’s offshore energy and subsurface resources, has embarked on its first assignment to map subsea areas in the northern Norwegian Sea.

about 4 months ago
ACUA's Pioneer USV in Plymouth Sound; Source: ACUA Ocean
Business Developments & Projects

UK’s testbed on the lookout for partners after spotlighting subsea range with multi-robot demo

The UK’s newest subsea trials site has made waves with a multi-robot demonstration, highlighting its potential to accelerate marine autonomy and ocean sensing. The Smart Sound Connect Subsurface (SSCS) project — part of Plymouth’s growing marine innovation hub — showcased cutting-edge underwater tes

about 4 months ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Norwegian oil and gas operators, Equinor and Aker BP, have each obtained drilling permits for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with semi-submersible rigs owned by COSL Drilling Europe and Saipem.

about 4 months ago
Inter-array cabling completed at Nordseecluster A offshore wind farm
Business Developments & Projects

Inter-array cabling completed at Nordseecluster A offshore wind farm

The inter-array cable installation campaign at the Nordseecluster A offshore wind farm in Germany has been completed, with 48 cables laid, buried, terminated, and tested. “Cables rarely draw the attention that foundations, substations, or turbines do. Yet this package – laying, burial, termination,

about 4 months ago
Ringvei Vest concept combines several discoveries in one project; Source: Equinor
Business Developments & Projects

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Norway’s state-owned energy giant Equinor has unveiled a development concept for a project that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase

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

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Norwegian oil and gas player Vår Energi and its partner, Kistos Energy, have rubberstamped a final investment decision (FID) to develop another multi-well addition to an oil project in the North Sea next year, augmenting oil output off the coast of Norway.

about 4 months ago
USV Elite; Source: OMS Group
Business Developments & Projects

Uncrewed surface vessel’s mobilization set for Q4 as sea trials continue off France

Singapore-based OMS Group, a neutral and integrated digital infrastructure service provider, has provided insight into the ongoing sea acceptance tests (SAT) for its long-range uncrewed surface vessel (USV), currently being conducted off the South of France. Upon mobilization, the unit will support

about 4 months ago
Edda Freya vessel (for illustration purposes); Source: DeepOcean
Business Developments & Projects

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland,

about 4 months ago
From Left to Right: Michail Cheliotis, Marine Surveyor at Lloyd’s Register; Peter Van de Graaf, Strategic Key Account Business Partner at Lloyd’s Register; Tim Berckmoes, CEO at Anglo Belgian Corporat
Business Developments & Projects

Hydrogen-fuelled shipping takes step forward as BeHydro’s engine gets go-ahead

UK-based classification society Lloyd’s Register (LR) has given its stamp of approval for a 100% hydrogen-fuelled, spark-ignited marine engine developed by BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC) Engines, focusing on hydrogen-powered internal combustion engines.

about 4 months ago
Plaquemines LNG; Courtesy of Venture Global LNG
Business Developments & Projects

Germany clinches more US LNG as Venture Global and EnBW pen multi-year deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed on the dotted line with EnBW Energie Baden-Württemberg (EnBW), a German energy player, to send additional long-term U.S. LNG supply to Germany, aside from the volumes included in the du

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

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Norwegian oil and gas player Vår Energi has embarked on a mission to high-grade its portfolio on the Norwegian Continental Shelf (NCS) to strengthen long-term value creation through deals that encompass the acquisition of Pandion Energy’s portfolio, a swap agreement with DNO Norge, a subsidiary of D

about 4 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business Developments & Projects

Chevron joins Helleniq in Eastern Mediterranean offshore block

U.S.-headquartered energy giant Chevron has signed on the dotted line to acquire a majority stake and operatorship in a block off the coast of Greece, currently solely owned by Helleniq Energy, a Greek integrated energy player.

about 4 months ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Business Developments & Projects

Ocean Sun leading floating solar-desalination demonstrator in Canary Islands

Norway’s Ocean Sun has secured approximately NOK 2.1 million (around €193,000) in EU funding for a floating solar demonstrator project in La Palma, one of Spain’s Canary Islands. The 310 kWp La Palma demonstrator, located at the port of Tazacorte, will combine renewable energy from an Ocean Sun FPV

about 4 months ago