Business Developments & Projects
Ocean Energy Europe backs push for 45% renewables target and greater energy diversity
Ocean Energy Europe has welcomed the political initiative for raising renewable energy share target in the revised EU Renewable Energy Directive (RED III) to 45% that would also include more diverse energy sources.
Ratings of Wintershall Dea on review for downgrade over Russian projects ties
Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.
Kongsberg propulsion for new zero-emission ferry
Norwegian technology company Kongsberg Maritime (KM) has been commissioned to supply a complete propulsion and control system package for a forthcoming Scandlines zero-emissions vessel.
PanGeo Subsea and EODEX come together for UXO removal
EODEX and PanGeo Subsea, a Kraken Robotics company, have set up a partnership to collaborate on unexploded ordinance (UXO) detection and disposal services. The two parties joined forces on several UXO survey projects over the past year and, as they state, this recent more-defined collaboration suppo
DSME orders GTT tank design for new LNG carrier
Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design for a new LNG carrier from French LNG containment specialist GTT.
BV OKs lightweight rudder flap for 18,500 TEU boxship
Classification society Bureau Veritas (BV) has awarded approval in principle (AiP) to InfraCore Company for its design, modelling, production and testing of a full glass fibre-reinforced polymer (GFRP) rudder flap for an 18,500 TEU containership.
Hellenic Cables submits its net-zero targets to SBTi
Greek cable manufacturer Hellenic Cables has submitted its near and long-term net-zero targets to the Science Based Targets initiative (SBTi), aiming to halve its scope 1 and 2 emissions by 2030 and cut scope 3 emissions by 25% within the same timeframe. Hellenic Cables has committed to a 50% reduct
More jobs to be created as Bilfinger UK launches new fabrication facility
Bilfinger UK has expanded its presence in the North East with the opening of a new fabrication facility, spurring further headcount increase.
Magseis acquires node-on-a-rope business amid ‘optimistic’ OBN market outlook
Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.
Creating sand causeway in Bahrain by Boskalis
Boskalis completed the second phase of the Busaiteen project in Bahrain recently. The work involved the construction of a large sand causeway for a five-kilometer-long, six-lane motorway. In the first phase (2018 and 2019), the Papendrecht based giant had already constructed a three-kilometer-long e
Resen Waves launches €4M investment opportunity
Danish wave energy developer Resen Waves has opened an investment opportunity to support the company’s growth and global roll-out of its smart power buoys.
Offshore wind pioneer buys Ordtek
Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge
Oil demand to take a severe hit if Russia’s war in Ukraine is prolonged – Rystad
War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.
Quoceant starts Q-Connect dry trials
Scottish engineering consultancy Quoceant has started testing its novel quick connection system for wave energy – the Q-Connect – at Hydrus Group’s facilities.