Business Developments & Projects
Greek TSO opens tender for submarine power cables
Greek electricity grid operator Independent Power Transmission Operator (IPTO) has launched a tender for submarine AC cable that would be used for Aegean Islands interconnectors. IPTO has launched the tendering process for the conclusion of a framework agreement regarding submarine AC cable for the
New operator takes the reins at UK’s huge undeveloped field ahead of development plan submission
Orcadian Energy has divested a lion’s share of its interest in a giant undeveloped North Sea field and passed the operatorship baton to Ping Petroleum UK.
Dutch 2012-built offshore support vessel getting ready for first UXO identification job
The 4-Winds offshore support vessel that recently commenced a long-term charter with Netherlands-headquartered N-Sea is getting ready for its first unexploded ordnance (UXO) identification job. N-Sea reported in November 2023 that it was strengthening its fleet and subsea activities by entering into
Oceaneering’s cable manufacturing facility granted Fit 4 Offshore Renewables status
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho
Will Great Britain unlock offshore energy opportunities worth hundreds of billions?
Policymakers have been urged to put supportive policies and competitive taxes in place to enable the UK to seize domestic energy opportunities.
UK’s Industrial Doctorate Centre for Offshore Renewable Energy secures $7.5M funding
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh
New guidance to aid North Sea industry in managing CO2 storage sites
UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it
French firm launches hybrid ROV made for USV applications
Paris-headquartered provider of smart remotely operated vehicle (ROV) assets and services Forssea Robotics has introduced its newborn ROV developed for uncrewed surface vessel (USV) integration and shallow water deployments. According to Forssea Robotics, the ARGOS-X ROV has been optimized for offsh
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors
CorPower Ocean joins EIC Scaling Club’s community
Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th
SLB buying majority ownership in Norwegian carbon capture company
American oilfield services company SLB is acquiring majority ownership in Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) as part of an agreement under which the two parties will combine their respective carbon capture businesses. SLB will pay NOK 4.12 billion (around $379.4 mil
Dutch-German duo to acquire majority stake in Italy’s LNG terminal
Dutch VTTI and German IKAV have formed a consortium to buy the majority stake in Terminale GNL Adriatico, known as Adriatic LNG, in Italy.
NSTA’s plan to reduce UKCS greenhouse gas emissions puts electrification in the spotlight
UK regulator North Sea Transition Authority (NSTA) has launched a new emissions reduction plan highlighting that action is required for production decarbonization, including action on flaring and venting and the electrification of oil & gas installations, to ensure the future of the industry and ach
Boost for hydrogen industry as European Commission okays €900 million French scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production.