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Business Developments & Projects

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N-Sea workers in their flourescent equipment
Business Developments & Projects

Netherlands-based subsea company wraps up nearshore cable repair in Irish Sea

Netherlands-headquartered subsea solutions provider N-Sea has completed a nearshore export cable repair in the Irish Sea after a fault in one of its client’s four subsea cables reduced transmission capacity between offshore and onshore substations. According to N-Sea, the company was awarded a contr

about 2 years ago
DOF closes purchase of Maersk Supply Service, now employing 5,000 people
Business Developments & Projects

DOF closes purchase of Maersk Supply Service, now employing over 5,000 people

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Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding

about 2 years ago
FPSO Alvheim; Source: Aker BP
Business Developments & Projects

Sale of North Sea oil field brings $24 million to Eni’s Vår Energi

Vår Energi, majority-owned by Italy’s Eni, has wrapped up the divestment of its interest in an Aker BP-operated field located in the Norwegian sector of the North Sea.

about 2 years ago
Acteon has partnered with Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind.
Business Developments & Projects

Acteon and Applied Fiber join forces for advanced offshore mooring solutions

Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners

about 2 years ago
US-German project developing low-cost subsea energy storage gets $7.7M boost
Business Developments & Projects

US-German collab gets $7.7M boost for development of low-cost subsea energy storage

U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut

about 2 years ago
Munin utility module; Source: Aker BP
Business Developments & Projects

North Sea-bound 2,900-ton module for offshore platform all set to sail away toward gas project

Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.

about 2 years ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business Developments & Projects

Shell’s North Sea gas discovery now expected to be at lower end of pre-drill forecast

A further insight into the preliminary findings related to a recent gas discovery, made by the UK-headquartered energy giant Shell in the North Sea, indicates recoverable resources level may be at the lower end of pre-drill estimates.

about 2 years ago
ORPC cross-flow turbine being readied for installation at the Queen’s Marine Laboratory (QML) Tidal Test Site in Strangford Lough, Northern Ireland by Cuan Marine Services (Image courtesy of ORPC)
Business Developments & Projects

ORPC Ireland kicks off real-sea testing of tidal turbine in Northern Ireland

ORPC Ireland has deployed and started real-sea testing of a next-generation marine hydrokinetic turbine at Northern Ireland’s Strangford Lough tidal test site. This marks ORPC Ireland’s first European deployment after 17 previous setups in North America. The testing is part of the X-Flow project, le

about 2 years ago
MAN ES’ methanol engines to power series of very large container vessels
Business Developments & Projects

MAN ES’ methanol engines to power series of very large container vessels

Germany-based engine manufacturer MAN Energy Solutions (MAN ES) has received multiple orders for MAN B&W G95ME-LGIM Mk 10.5 methanol engines to power a series of very large container vessels (VLCVs).

about 2 years ago
Shearwater not yet done with work in 2024 as 'landmark' OBN survey comes its way
Business Developments & Projects

Shearwater not yet done with work in 2024 as ‘landmark’ OBN survey comes its way

Norwegian marine geoscience and technology company Shearwater GeoServices has added more work in Africa to its to-do list, following the award of a deepwater ocean bottom node (OBN) project. Set to start in the fourth quarter of 2024, the deepwater OBN survey, marked as “landmark”, will have a one-m

about 2 years ago
Shipbroker SSY enters LPG and ammonia markets
Business Developments & Projects

Shipbroker SSY enters LPG and ammonia markets

Independent shipbroker SSY is to enter the liquefied petroleum gas (LPG) and ammonia markets, with Thorstein Bergersen joining the company as Head of LPG, effective from November 1, 2024.

about 2 years ago
RWE gets go-ahead for 100 MW electrolyzer for offshore wind-to-hydrogen project
Business Developments & Projects

RWE gets go-ahead for 100 MW electrolyzer for offshore wind-to-hydrogen project

German energy company RWE has secured construction and environmental permits to build a 100 MW electrolyzer in Eemshaven, the Netherlands. The electrolyzer is part of system integration solutions associated with OranjeWind, an offshore wind project RWE is jointly developing with TotalEnergies in the

about 2 years ago
Aerial view of workers carrying out operations on an offshore platform
Business Developments & Projects

Trillion makes progress with ‘highly anticipated’ gas flow optimization ops at field off Türkiye

Canada’s oil and gas player Trillion Energy has started velocity string operations on its production platform at a gas field offshore Türkiye.

about 2 years ago
TECO 2030 reveals plans for high-volume fuel cell production facility in US
Business Developments & Projects

TECO 2030 reveals plans for high-volume fuel cell production facility in US

TECO 2030 is launching a potential capitalization process for its U.S. subsidiary. If successful, the capital infusion would be directed toward establishing a high-capacity fuel cell production facility in the U.S.

about 2 years ago