Business Developments & Projects

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)
DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

Veer selects Fosen to build ‘first’ zero-emission ocean-going boxship
Veer and Fosen Shipyard have signed a letter of intent (LOI) to develop, construct, sell and purchase two firm units of wind-powered and hydrogen-assisted container ships.

Canadian integrated CCS solution enhancing North Sea carbon storage project
Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

Ocean Infinity, Fugro win contracts for Dutch geotechnical surveys
The Netherlands Enterprise Agency (RVO) has awarded Fugro and Ocean Infinity AB contracts to carry out geotechnical investigations at the Doordewind zone, one of the three new areas designated by the Dutch Government in 2022 to increase offshore wind capacity. RVO launched the tender for offshore ge

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way
Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

BP handpicks red zone monitoring tech for North Sea well intervention ops
Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

Nexans keeps weaving its subsea web of renewables as cable burial ops wrap up at UK offshore wind farm
With a new turnkey cable burial campaign out of the way, Nexans continues interlacing new renewable energy threads into its underwater green power network.

Canada to support clean hydrogen trade with Germany with up to $300 million
Canada will commit up to $300 million to ensure the development of a transatlantic hydrogen trade corridor with Germany.

UXO clearance completed at Iberdrola’s Windanker site offshore Germany
Rovco has completed a critical unexploded ordnance (UXO) clearance project for Iberdrola’s 315 MW Windanker offshore wind farm in the German Baltic Sea. The operation, which was Rovco’s first UXO project in Germany, was conducted using the company’s newly chartered multipurpose vessel MV Patriot, eq

WES picks second round of Direct Generation Concept Design Competition winners
Wave Energy Scotland (WES) has granted £400,000 (approximately $514k) to be shared between two projects in the second round of the Direct Generation Concept Design Competition.

HD KSOE taps GTT for tank design of 12 CMA CGM’s LNG-fueled vessels
GTT has received two orders from HD KSOE to design the cryogenic fuel tanks for 12 new LNG-fueled container vessels on behalf of CMA CGM.

Prysmian picks up new electricity interconnection job to link Mallorca with Spain’s mainland power grid
With a letter of award (LoA) in hand, Italy’s cable giant Prysmian is anticipating to pen a formal contract for an energy transmission project by year-end to connect the island of Mallorca with the Spanish mainland.

Seapeak turns to Wärtsilä for 16-year optimization of ten LNG vessels
Wärtsilä has secured a multi-year renewal of its lifecycle agreement with Seapeak Maritime, an independent owner-operator of LNG vessels.

World’s ‘most ambitious’ subsea interconnector igniting zest for clean power superhubs: Embracing NATO-L to reinforce energy security bonds between America and Europe
The first-ever interconnection between North America and Western Europe is anticipated to enable a new dawn to brake over energy security across the Atlantic.