Business Developments & Projects

Eco Wave Power’s MW-scale wave energy project in Portugal takes off
Swedish-Israeli wave energy developer Eco Wave Power has launched its first MW-scale wave energy project in Porto, Portugal.

Partners eye hydrogen supply chains from Nordics to North-Western Europe
Provaris, Norwegian Hydrogen and Uniper have entered an MoU to develop hydrogen supply chains from the Nordics to North-Western Europe.

UK’s oil & gas windfall tax hike – Coup de grace or boon for North Sea jobs and upstream investment?
How can the UK put all the puzzle pieces together to cultivate a sweet spot in an uncertainty-ridden backdrop of energy investment in the North Sea?

Heerema’s barge hauls topside and jacket from Dutch yard for installation at North Sea gas field (Video)
Heerema Marine Contractors (HMC) is in the process of transporting the topside and jacket to their designated site in the North Sea, where the installation activities will take place at a gas field, operated by One-Dyas.

Fugro completes four-year work for Atlantic Shores, says integrated campaign program 30% more efficient
Fugro has completed four years of continuous survey operations for Atlantic Shores Offshore Wind in New York and New Jersey, where the company was supporting the site assessment for five offshore wind projects across three lease areas. According to Fugro, a new data collection and management approac

Over $86 million to be split between UK and Belgium consumers as 1 GW subsea interconnector’s ‘remarkable’ revenues exceed Ofgem’s cap
An interconnector between the UK and Belgium, which is the first subsea electricity cable link to be regulated under the cap and floor regime set by the UK’s regulator Office of Gas and Electricity Markets (Ofgem) to spur further interconnector developments, will be giving back more than $43 million

Taking subsea research and tech to new level with UK duo’s marine domain partnership
The National Subsea Centre (NSC), an Aberdeen-based center for subsea research and technology development, has partnered with NOC Innovations, a Southampton-based facility doing innovative marine research, to bring together specialist researchers, engineers, and scientists, forming a community dedic

Allied Green Ammonia’s hydrogen-to-ammonia project in Australia moves forward
SPG Steiner has signed an agreement with Allied Green Ammonia (AGA) for the supply of two large-scale 40,000-tonne cryogenic full containment double-wall ammonia storage tanks and an associated refrigeration system.

CPLP cleared to shift focus to LNG carriers and energy transition business
CPLP has secured approval of corporate conversion and name change as it plans strategic pivot to the LNG and energy transition business.

Shell hands out multi-year commissioning assignment to Kent across oil & gas and new energy projects
Shell has hired Kent on a global long-term enterprise framework agreement (EFA) for commissioning and start-up services (CSU) across various onshore and offshore projects.

HelioRec completes wave tank testing of its floating solar model
France-based start-up HelioRec and Centrale Nantes, a component institution of the Nantes University, have finished wave tank testing of the W200CM floating solar model.

BP to acquire 49% stake in Hyport Duqm green hydrogen project in Oman
DEME and OQ have reached an agreement to have BP as an equity partner and operator in the Hyport Duqm green hydrogen project.

Boskalis connects all export cables and platforms for offshore wind farm in Netherlands
Boskalis, an offshore construction company, has completed the connection of all export cables and platforms for the offshore wind farm being developed by RWE in the Dutch North Sea. Off the coast of the Netherlands, Boskalis connected all the export cables the company recently installed for the shor

VARD’s new cable-laying vessel making its way to Norwegian waters (Video)
VARD is looking forward to welcoming to Norway a cable-laying vessel (CLV) it is constructing for Denmark’s subsea specialist NCT Offshore.