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Business Developments & Projects

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Dutch firm takes over management of 40-meter catamaran research vessel
Business Developments & Projects

Dutch firm takes over management of 40-meter catamaran research vessel

Dutch offshore services company Mark Offshore is set to manage and operate a catamaran research vessel for offshore renewables, marine survey and nearshore energy projects under an agreement with Lithuania’s Klaipėda University. Built in 2014, the 40-meter DP1 subsea support vessel Mintis has suppor

about 7 months ago
UK union urges talks before offshore drillers and contractors down tools
Business Developments & Projects
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UK spotlights British steel, AI, shipbuilding, and energy infrastructure as priority for govt deals

The United Kingdom (UK) has made a move to designate British shipbuilding, steel, artificial intelligence (AI), and energy infrastructure as priority sectors for government contracts, as these are perceived to be key industries required to ensure national security.

about 7 months ago
Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link
Business Developments & Projects

Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link

Norway’s Reach Subsea has appointed GeoForce Technical Services, part of Oceanscan and the wider Venterra Group, to deliver the geotechnical component of a bigger offshore survey campaign for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Lin

about 7 months ago
New IMCA president comes from DEME
Business Developments & Projects

New IMCA president comes from DEME

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the

about 7 months ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea oil discovery adds low-cost barrels for OKEA with resource estimate boost

Norway’s oil and gas company OKEA has upped the recoverable resource estimates from discoveries at an oil field in the Norwegian sector of the North Sea.

about 7 months ago
Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands
Business Developments & Projects

Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands

Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, with its cable-laying vessel (CLV) now moving to Dutch waters. F

about 7 months ago
LNG vessel; Source: GTT
Business Developments & Projects

Chinese shipyard books GTT for tank design of LNG vessel quartet

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard.

about 7 months ago
Statnett chooses DOF for replacement of ageing subsea power cables
Business Developments & Projects

Statnett chooses DOF for replacement of ageing subsea power cables

Norway’s transmission system operator (TSO) Statnett has awarded DOF Group with a contract defined as substantial, meaning it is worth between $25 million and $50 million, for the replacement of high-voltage subsea power cables. The scope covers partial removal of ageing subsea power cables across O

about 7 months ago
Illustration; Source: Wood Mackenzie
Business Developments & Projects

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 7 months ago
€693 million financing to support UK’s subsea electricity superhighway
Business Developments & Projects

€693 million financing to support UK’s subsea electricity superhighway

ScottishPower, through its parent company Iberdrola, has secured £600 million (around €693 million) in financing from the National Wealth Fund to support the development of the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4) high

about 7 months ago
German TSO makes order for four cable storage carousels
Business Developments & Projects

German TSO makes order for four cable storage carousels

German transmission system operator (TSO) 50Hertz has awarded the Netherlands-headquartered Subsea Cable Assets (SCA) with a framework contract for the delivery of four cable storage carousels. SCA’s scope includes the engineering, manufacturing, delivery, installation and commissioning of four caro

about 7 months ago
Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres
Business Developments & Projects

Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres

The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh

about 7 months ago
Stillstrom, Faber Group and Prysmian launch offshore charging pilot project
Business Developments & Projects

Stillstrom, Faber Group and Prysmian launch offshore charging pilot project

Stillstrom has partnered with Faber Group and Prysmian to develop an offshore charging solution aimed at reducing emissions from vessels operating in the offshore wind sector. The first demonstration trial is scheduled for the fourth quarter of 2026 in Esbjerg. The companies will pilot a system that

about 7 months ago
European shipowner takes Red Rock to subsea crane market
Business Developments & Projects

European shipowner takes Red Rock to subsea crane market

Norway-headquartered advanced lifting and handling solutions provider Red Rock has entered the subsea crane market thanks to a contract with an undisclosed client. Red Rock reported today, March 24, that it had secured a contract for the delivery of an offshore subsea crane, marking the company’s en

about 7 months ago