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Business Developments & Projects

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CETO technology
Business Developments & Projects

Australian govt agency backs Carnegie to support wave energy deployment in Spain

Carnegie Clean Energy has secured a bond facility agreement with Export Finance Australia (EFA) to support the ACHIEVE Program’s CETO wave energy technology deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The agreement is said to see EFA provide advanced paymen

about 1 year ago
Noble Interceptor rig; Source: Noble Corporation
Business Developments & Projects

Noble signs up for Kongsberg Digital’s ‘cutting-edge’ simulator tech

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Noble is bent on enhancing its operational safety and performance with simulator technology for dynamic positioning (DP) training and analysis, which will be provided by Kongsberg Digital.

about 1 year ago
As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant
Business Developments & Projects

As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant

Switzerland’s Federal Council adopted the national hydrogen strategy the same day that Axpo and its partners broke ground on the site of a new hydrogen production plant to be constructed by H2Uri.

about 1 year ago
Ostwind 4
Business Developments & Projects

50Hertz awards contract for Ostwind 4 offshore grid connection in Germany

UAE-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2 GW offshore wind grid connection in Germany. Ostwind 4 will connect Baltic Sea offshore wind farms to the national grid using high-voltage direct current (HVDC) technology. This will

about 1 year ago
Utkilen upgrades 2019-built chemical tanker to operate on LNG
Business Developments & Projects

Utkilen upgrades 2019-built chemical tanker to operate on LNG

Norwegian shipping company Utkilen has upgraded its 10,500 dwt chemical tanker Mostraum to operate on liquefied natural gas (LNG).

about 1 year ago
Argeo halts bankruptcy plans as industry player shows interest
Business Developments & Projects

Argeo nets five-year site investigation agreement with TotalEnergies, extensions possible

Norway’s subsea services provider Argeo has entered into a five-year agreement, with potential for an additional two years, with France’s energy giant TotalEnergies for offshore site investigation services. The two companies established a global framework agreement on legal terms and conditions (FAL

about 1 year ago
Appraisal well was drilled by COSL Prospector rig; Source: COSL
Business Developments & Projects

Vår Energi and Equinor mull over oil discovery tie-back to existing Barents Sea FPSO

Following a new oil discovery near an asset that is already in operation, Vår Energi and its Equinor, are in the process of contemplating a tie-back of their latest discovery to the existing floating production, storage, and offloading (FPSO) unit in the Barents Sea.

about 1 year ago
Zeebrugge to get its first shore power facilities for cruise ships
Business Developments & Projects

Zeebrugge to get its first shore power facilities for cruise ships

Antwerp-Bruges Port Authority will introduce shore power facilities for cruise ships in Zweedse Kai, Zeebrugge, Belgium, allowing the switch to green electricity from the high-voltage grid at the quay.

about 1 year ago
Symphony Wave Power has completed the installation of a turbine in its dry-test system, marking a step towards the development of its wave energy technology.
Business Developments & Projects

Symphony Wave Power gears up for sea trials after prototype assembly completion (Video)

The Netherlands-based tidal and wave energy developer Symphony Wave Power has completed its prototype assembly, paving the way for upcoming sea trials. According to the company, the hull and roll membrane have been installed, while hoses and electrical systems are now operational. Final preparations

about 1 year ago
An offshore platform at sunset
Business Developments & Projects

British firm buying into Orcadian’s North Sea assets, with eyes on ‘zero carbon energy’ development

UK-headquartered oil and gas player Orcadian Energy has inked two deals with compatriot power developer and operator of power plants, the Independent Power Corporation (IPC), and its affiliates.

about 1 year ago
FPSO Prof. John Evans Atta Mills operating on TEN fields; Source: Tullow
Business Developments & Projects

US oil & gas player pondering takeover of UK firm with initial talks underway

Kosmos Energy is mulling over a potential acquisition of the UK-headquartered Tullow Oil, which is set on exploring oil and gas resources in Africa.

about 1 year ago
Port-La Nouvelle
Business Developments & Projects

Changes in ownership follow Höegh Evi’s rebranding

Funds managed by Igneo Infrastructure Partners have entered into agreements to acquire a 50% ownership stake in Larus Holding Limited, the 100% owner of energy infrastructure solutions provider Höegh Evi, from funds managed by Morgan Stanley Infrastructure Partners (MSIP).

about 1 year ago
Van Oord picks Baltic Eagle inter-array cables
Business Developments & Projects

Vestas, TKF secure contracts for 1.1 GW Inch Cape offshore wind farm

Inch Cape Offshore Limited, a joint venture between Red Rock Power Limited and ESB, has awarded TKF with a turnkey contract to supply and install inter-array cables at the Inch Cape offshore wind farm. Additionally, Vestas has secured a firm order to deliver its V236-15.0 MW wind turbines to the 1.1

about 1 year ago
Proteus Marine Renewables' worker
Business Developments & Projects

Normandie Hydroliennes launches crowdfunding for Raz Blanchard pilot tidal farm

Tidal energy developer Normandie Hydroliennes has initiated a crowdfunding campaign on the WiSEED platform to support the development of its 12 MW tidal turbine pilot farm in the Raz Blanchard, located near Cherbourg, France. Scheduled for commissioning in 2028, the project marks an important miles

about 1 year ago