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Business Developments & Projects

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DME Systems, a subsea engineering firm based in Newcastle upon Tyne in the UK, has merged with U.S.-based deepwater geosciences firm, Woocheen, broadening the latter’s expertise and capabilities.
Business Developments & Projects

Woocheen strengthens geosciences’ subsea offering through acquisition of UK engineering firm

DME Systems, a subsea engineering firm based in Newcastle upon Tyne in the UK, has merged with U.S.-based deepwater geosciences firm, Woocheen, broadening the latter’s expertise and capabilities. DME focuses on the telecommunications and offshore wind sectors by building and modifying subsea vehicl

about 2 years ago
NKT has completed the turnkey project of connecting the Shetland Islands to the main grid in Scotland with the Shetland HVDC Link. The 320 kV HVDC interconnector is now a key contributor to the integr
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Business Developments & Projects

Energization of Europe’s first and world’s second multi-terminal HVDC subsea link goes full steam ahead

NKT has wrapped its assignment on a 260-kilometer high-voltage direct current (HVDC) subsea link, which is envisioned to lend a helping hand in ensuring Shetland’s supply of clean, low-carbon power, enabling 600 MW of renewable generation as remote North Sea islands connect to Britain’s main grid in

about 2 years ago
A vessel next to an offshore platform
Business Developments & Projects

Rystad: With global gas markets in ‘fragile equilibrium,’ more LNG key to 2030 energy targets

Based on the 2024 Global Gas Report, the world may face an energy deficit soon, with renewable energy targets at risk of falling through due to insufficient funding allocated to gas and clean energy projects.

about 2 years ago
Fertiglobe and Hintco officially seal €397 million deal for green ammonia supply to Europe
Business Developments & Projects

Fertiglobe and Hintco officially seal €397 million deal for green ammonia supply to Europe

Abu Dhabi-based Fertiglobe, the winner of the first H2Global pilot auction for renewable ammonia, has officially signed a contract with Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism. The agreement is said to represent a pivot

about 2 years ago
The 2-kilometer-long cooling bundle for Fenris was slowly towed to sea; Source: Aker BP
Business Developments & Projects

Installation of 2-kilometer-long cooling bundle for North Sea field underway in Norwegian waters

Aker BP has confirmed the start of installation activities for a 2-kilometer-long cooling bundle at its field in the North Sea, as part of its development project which will ensure a lifetime extension for the Valhall field on the Norwegian Continental Shelf (NCS) past 2028.

about 2 years ago
A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water
Business Developments & Projects

EU backs Ocean Oasis with nearly €6M to advance wave energy-powered desalination tech

A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water off the coast of Gran Canaria, Spain. The European Executive Agency on Climate, Infrastructure, and

about 2 years ago
TotalEnergies INTOG
Business Developments & Projects

TotalEnergies’ floating offshore wind project to power UK oil & gas platform

France’s TotalEnergies plans to launch a floating offshore wind pilot project to supply renewable energy to the Culzean offshore platform in the UK North Sea. The 3 MW floating wind turbine will be located two kilometers west of the Culzean platform, 220 kilometers off the eastern coast of Scotland.

about 2 years ago
DSOC and partners get DNV’s blessing for LCO2 carrier vessel concepts
Business Developments & Projects

DSOC and partners get DNV’s blessing for LCO2 carrier vessel concepts

Classification society DNV has issued approval in principle (AiP) to China’s Dalian Shipbuilding Offshore Co. (DSOC) and its industry partners for liquid CO2 (LCO2) carrier vessel concepts. The certificate was issued during the international energy event ONS in Stavanger, Norway, for DSOC’s 12,000 c

about 2 years ago
Hengtong Submarine Power Cable
Business Developments & Projects

Subsea cable deal in Iceland enables Chinese firm to widen its grasp over Europe’s energy market

Hengtong Submarine Power Cable has secured a new submarine power cable project in Iceland.

about 2 years ago
Jun Zhu, Senior Concept Designer at Altera Infrastructure, presents next-generation FPSO; Credit: Nadja Skopljak/Offshore Energy
Business Developments & Projects

MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

Japan’s MODEC and the UK-based Altera Infrastructure have set their caps on addressing the pressing challenges of the energy transition era by accelerating the shift toward a more sustainable future while supporting the security of power supply.

about 2 years ago
Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activ
Business Developments & Projects

Petrobras and TGS join forces to drive innovation and sustainability in Brazil’s energy sector

Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activities in Brazil. According to TGS, this MoU establishes a strategic partnership between the compani

about 2 years ago
AquaVentus offshore wind-to-hydrogen initiative gets new member
Business Developments & Projects

AquaVentus offshore wind-to-hydrogen initiative gets new member

Technology company Elogen, part of the Gaztransport & Technigaz (GTT) group, has come onboard German offshore wind-to-hydrogen initiative, AquaVentus. Elogen expects to support this industrial development through ongoing undertaking in offshore electrolysis and take a further step in its commitment

about 2 years ago
Hybrid power ocean energy construction vessel (OECV); Source: VARD
Business Developments & Projects

Second shipbuilding deal for hybrid ocean energy construction vessel expands VARD’s orderbook

Island Offshore has taken steps to enlarge its fleet by placing a new order with VARD, covering the design and construction of another hybrid power ocean energy construction vessel (OECV) three months after ordering the first one.

about 2 years ago
NKT Victoria cable laying vessel waiting in waters off Weisdale Voe; Source: SSEN Transmission
Business Developments & Projects

North Sea subsea interconnector among ‘major’ clean energy duo bringing over $165 million to UK archipelago

SSEN Transmission has revealed an investment of £125 million (close to $165.2 million), which the construction of two big green energy projects poured into the local islands’ economy and businesses located in Shetland.

about 2 years ago