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Business Developments & Projects

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Swedish state-owned corp backs financing of large UK subsea link with €800M
Business Developments & Projects

Swedish state-owned corp backs financing of large UK subsea link with €800M

Swedish Export Credit Corporation (SEK), a state-owned company that finances Swedish exporters, their subcontractor, and foreign customers, has agreed a €800 million loan facility with National Grid Electricity Transmission to fund a portion of what is said to be the UK’s largest-ever electricity tr

about 1 year ago
Floating data
Business Developments & Projects

MOL, Karpowership’s Kinetics join forces on ‘world’s first’ integrated floating data center platform

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Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MOU) with Kinetics, the energy transition initiative of Turkish floating power company Karpowership, to jointly develop a next-generation floating data center platform.

about 1 year ago
Photo of L&T Umbilical
Business Developments & Projects

JDR Cable Systems wins service deal for offshore umbilical testing in Middle East

UK-based manufacturer of subsea and power cables, JDR Cable Systems, part of TFKable Group, has secured a service contract with an Indian multinational enterprise engaged in engineering, Larsen & Toubro (L&T), to test 14 umbilical cables for offshore platforms in the Middle East. According to JDR Ca

about 1 year ago
EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters
Business Developments & Projects

EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters

EDGE Navigation and DNV have signed an agreement to jointly develop a classification framework for a 20,000 cbm ocean-going liquid hydrogen (LH2) carrier.

about 1 year ago
HelioRec's 250kW floating solar in Domaine De Cicé-Blossac, Bruz, France
Business Developments & Projects

HelioRec completes O&M for 250 kW floating solar plant in France

French floating solar company HelioRec has completed operations and maintenance (O&M) activities on its 250 kW floating solar installation at Domaine de Cicé-Blossac in France. Commissioned on 29 October 2024, the system has so far helped avoid 70 tonnes of CO₂ emissions – “the equivalent of plantin

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

TechnipFMC and Vår Energi chart a way forward for ‘faster’ North Sea oil & gas developments

TechnipFMC and Vår Energi have struck a deal related to the model that will be used to bring to life future subsea developments in the Gjøa area in the North Sea, off the coast of Norway.

about 1 year ago
Singapore’s first fully electric tug launched
Business Developments & Projects

Singapore’s first fully electric tug launched

Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has launched Singapore’s first fully electric tug as the next step in the adoption of electric vessels.

about 1 year ago
Mist rig; Source: Borr Drilling
Business Developments & Projects

Valeura advances multi-well drilling campaign offshore Thailand

Canada-based oil and gas company Valeura Energy is moving forward with its drilling program offshore Thailand.

about 1 year ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Business Developments & Projects

Rovco and Vaarst’s recently shut-down brand acquired by Swiss group

Rosenxt UK, part of Swiss technology group Rosenxt Holding, has acquired selected assets and talent from subsea robotics and engineering firm Beam, which ceased operations earlier this year. Beam, formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst in

about 1 year ago
New Nexans cable layer arrives in Norway to wrap up construction (Gallery)
Business Developments & Projects

Last destination before finalization: New Nexans cable layer arrives in Norway (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) has arrived at Ulstein Verft in Norway, marking the start of its outfitting and completion phase. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version o

about 1 year ago
A rig offshore
Business Developments & Projects

Australian state rethinking gas market settings to secure supply and boost investments

The Government of Australia’s State of Victoria has opened a review into the legislation governing the gas market to ensure a sufficient and affordable gas supply in the longer term.

about 1 year ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea oil & gas search underway as drilling ops kick off at first of three wells

Norwegian oil and gas company OKEA has begun its three-well hydrocarbon exploration drilling campaign in the North Sea off the Norwegian coast, with the spudding of the first well.

about 1 year ago
Final design unveiled for Port of Newcastle’s Clean Energy Precinct project
Business Developments & Projects

Final design unveiled for Port of Newcastle’s Clean Energy Precinct project

Australia’s Minister for Climate Change and Energy, Chris Bowen, joined by Deputy Speaker of the House of Representatives, Sharon Claydon, and Port of Newcastle’s CEO, Craig Carmody, has unveiled the final design of the Clean Energy Precinct (CEP) project, marking a step toward positioning the site

about 1 year ago
HGK Shipping and Wattlab pioneer hybrid solar-powered inland shipping vessel
Business Developments & Projects

HGK Shipping and Wattlab pioneer hybrid solar-powered inland shipping vessel

Inland waterway shipping company HGK Shipping has joined forces with the Dutch maritime solar specialist Wattlab for what is claimed to be the world’s first hybrid solar-powered inland shipping vessel.

about 1 year ago