Business Developments & Projects
European utility probing market for Tier 1 offshore wind contractors
A European electricity company has invited component manufacturers and services providers to engage in a preliminary market consultation to determine the current market capabilities within the offshore wind industry before the start of the potential procurement process.
Study: Only 35% of major shipping companies pledged to become net zero by 2050
Only 33 out of 94 (35%) of the world’s major shipping companies have a clearly expressed target to be net zero by latest 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to the 2008 level, a new study shows.
All systems go for Wintershall Dea to bring North Sea tie-back on stream
Wintershall Dea has secured all approvals from the Norwegian authorities to start production from a field in the North Sea off Norway.
Aker BP – Lundin merger to come into force today
Aker BP expects the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, to be completed today.
Vår Energi enters strategic supplier partnership for upcoming subsea projects
Vår Energi has entered into a strategic partnership agreement with Aker Solutions, Havfram and Saipem for the delivery of subsea production systems for all upcoming subsea projects for the next five years. As disclosed, the partnership covers the fabrication, delivery, and installation of subsea pro
Norway supports 5 new shore power projects
Enova, a Norwegian government enterprise, is supporting five new shore power projects in the country with NOK 34 million (about $3.4 million).
Skyfri bags contract for floating solar project in India
Bharat Heavy Electricals Limited (BHEL) has awarded an asset operations contract to Norway-based cleantech company Skyfri for its floating solar project in Kerala, India.
World’s first hybrid-electric anchor handler completes sea trials
Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.
UK’s first HVDC cable factory receives planning approval
The North Ayrshire Council Planning Committee has granted planning permission for XLCC to build the first HVDC subsea cable factory in the UK. The HVDC subsea cable manufacturing facility, which will be located in Hunterston, Scotland, received the planning approval on 29 June. Construction is expec
Faster ramp-up of investments needed to tackle double whammy of energy and climate crises
While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.
Wavepiston targets €2M through equity issue
Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.
FTAI Ocean takes delivery of new well intervention tower system
UK-based subsea engineering and offshore technology company Osbit has delivered a new well intervention tower system to FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI). The system comprises 1,300 tonnes of equipment and stands at 40 metres tall. According
SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021
Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.
World’s first climate-neutral container handling facility recertified by TÜV
Hamburger Hafen und Logistik AG (HHLA)’s Container Terminal Altenwerder (CTA) has once again received certification as a climate-neutral company from inspection, certification & testing organisation TÜV NORD.