Business Developments & Projects
DOF makes local ROV systems order
Norwegian vessel owner DOF Group has placed an order with compatriot Kystdesign for two remotely operated vehicle (ROV) systems. Under the new contract, Kystdesign will deliver two complete Constructor Compact ROV systems, a newly developed compact version of the Constructor ROV, to DOF. “We are ple
SRC allies with Green Marine to bring its methanol storage solution to market
SRC and Green Marine have signed a collaborative agreement under which the two parties will work together to develop and deliver SRC’s methanol storage solution to the market.
Wave energy to rival offshore wind costs by 2030s, study shows
A study led by European universities has shown that wave energy could rival the cost-effectiveness of offshore wind by the 2030s at favorable locations.
Two German terminals to receive Norwegian gas for 12 more years
Vår Energi has secured a multi-year contract extension for the supply of natural gas to Germany’s VNG Handel & Vertrieb.
Nine gas TSOs join forces for hydrogen infrastructure in Baltic Sea region
Nine gas transmission system operators (TSOs) from the Baltic Sea region agreed to facilitate the region’s hydrogen transmission and storage infrastructure.
Hydrogen infrastructure in Germany receives financial backing
Bayernets is investing €210 million in the energy infrastructure in Germany, specifically a pipeline expected to meet the basic requirements for the transportation of hydrogen.
Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing
Paris-headquartered investment management company Meridiam has entered into the shareholding structure of the company responsible for the implementation of the electric interconnection project between Greece, Cyprus, and Israel. Greek transmission system operator (TSO) Independent Power Transmission
With takeover of compatriot energy firm out of the way, Norwegian firm’s headcount tops 500
Norway’s AGR, a subsidiary of ABL Group, has acquired Ross Offshore, enabling it to expand its team with more than 220 additional employees.
Norway’s Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure
Norwegian state-owned energy giant Equinor and French gas transmission operator GRTgaz have signed a project development agreement (PDA) for a transport system for captured CO2 from industrial emitters in France to permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project
Ocean Harvesting advances InfinityWEC with new control system and design
Swedish company Ocean Harvesting Technologies is developing the sixth generation of its wave energy converter InfinityWEC, including the implementation and evaluation of a moment-based model predictive control (MPC) in its simulation model.
Fresh LNG deal enables US to give European and Ukrainian energy security a leg up
Venture Global has secured a new LNG agreement with D.Trading, which will enable it to bolster energy security in Ukraine and Eastern Europe.
90-year-old French firm rebrands for strategic growth
With the wish to accelerate growth as an advanced technology company, France-based geophysical services company CGG has rebranded following 90+ years of history. With the launch of the new brand, CGG, created in 1931 and now known as Viridien, said it marks the next stage in its strategic growth as
DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations
A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.
TotalEnergies spuds North Sea well with Shelf Drilling rig
TotalEnergies has embarked on drilling operations at a well in the Danish sector of the North Sea. If more gas is found it will be exported through the Tyra facilities.