Business Developments & Projects
Aker BP seeks to simplify subsea ops with ROCS order
Norwegian oil and gas player Aker BP has awarded compatriot subsea technology company Optime Subsea with a contract to develop and deliver multiple remotely operated controls systems (ROCS) for use on the Norwegian continental shelf (NCS). Aker BP has placed an order with Optime Subsea for the renta
ESPO study: European ports in need of €80 billion investment by 2034
European ports will need multi-billion euro investments in the next decade in order to be fit for the future, a new study found.
Germany’s LNG terminal operator turns to KN Energies for work at Wilhelmshaven 2
KN Energies has widened its footprint in Germany with its first deal to provide technical operation and maintenance services to an LNG terminal in the country.
With third and final license batch, 82 awards put forward so far in UK’s 33rd oil & gas round
The NSTA has offered 31 more licenses across 88 blocks/part blocks in the most recent phase of Britain’s 33rd oil and gas licensing round.
UK setting the stage for construction of $5 billion subsea green electricity superhighway in autumn
The development of an HVDC cable connection, which is said to be the longest ever built in Great Britain, is moving forward, with the construction works slated to kick off this autumn.
North Sea operator unveils $571 million investment in oil & gas field
OKEA has handed over a plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway.
Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player
Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.
UK player snaps up multimillion-dollar job on North Sea oil project
Apollo has been hired on a project management consultancy (PMC) contract, enabling it to work on a partially developed oil field in the North Sea.
Chouest’s subsea fleet offering grows to over 100 ROVs and 6 AUVs with acquisition of UK firm
Chouest Group has bought ROVOP, an Aberdeen-based remotely operated vehicle (ROV) company, to widen its subsea capabilities.
European Commission grants €720 million to renewable hydrogen projects
European Commission has awarded nearly €720 million to seven renewable hydrogen projects, selected through the bidding process under the European Hydrogen Bank.
Ocean Sun forges partnership with Indian company to deploy floating solar tech
Signed on 29 April 2024, this MoU aims to explore primary areas of partnership concerning Ocean Sun’s floating solar energy technology, which utilizes photovoltaic (PV) panels installed on hydro-elastic membranes at suitable locations identified by NHPC.
GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million
GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.
Copenhagen Infrastructure Partners and Uniper forge hydrogen ties
Copenhagen Infrastructure Partners (CIP) has signed an MoU with Uniper to strengthen collaboration on bringing green hydrogen from CIP’s HØST PtX Esbjerg project to Germany.
FSRU embarks on voyage to Denmark for drydock inspection
KN Energies (KN) has confirmed the departure of an FSRU to Denmark, where an inspection and repair is planned to be carried out in the dry dock.