Business Developments & Projects

Nexans goes greener with gas switch for high-voltage cables
Nexans High Voltage laboratory has carried out a 420 kV HVAC electrical type test with the use of g3 inside the termination, a gas said to have significantly reduced impact on the environment compared to the most commonly used SF6. According to Nexans, sulphur hexafluoride gas (SF6) has been extensi

Solstad offloads two more AHTS vessels
Solstad Offshore has sold two more of its anchor handling tug and supply (AHTS) vessels to a buyer, whose identity was not revealed.

ITSASDRONE gearing up for wave energy monitoring mission at BiMEP (Video)
The ITSASDRONE, an Autonomous Surface Vehicle (ASV) developed by Spanish research institute AZTI, has completed the first sea trials ahead of deployment at BiMEP to monitor Wello’s Penguin wave energy device.

University of Malta studying role of CO2 in offshore energy storage development
Researchers at the University of Malta have kicked off research to assess how the significant amounts of CO2 available from carbon capture and storage (CCS) facilities may support offshore energy storage systems co-located within the same footprint of wind farms. The Investigating the thermal perfor

Sabella designs new hybrid gravity-based foundation for tidal turbines
French tidal energy company Sabella has finalized the design of the new gravity-based foundation for tidal turbines which combines concrete and steel for greater cost-competitiveness.

ConocoPhillips set to deploy Prosafe unit at Norway’s first producing field
ConocoPhillips has received consent from a regulator to use one of Prosafe’s semi-submersible units at Norway’s first producing field.

OMV gets thumbs-up for Norwegian Sea ops
OMV has received consent from Norway’s offshore safety regulator for exploration drilling of a pilot hole in the Norwegian Sea.

Eni: UK industry shows outstanding interest in CO2 capture & storage project
Eni has signed 19 Memoranda of Understanding for carbon, capture & storage within the HyNet North West project in the UK.

Danish university sets up PhD scholarship focused on Crestwing’s wave device
The Centre for Energy Technologies at Aarhus University has invited applications for PhD scholarship devoted to techno-economic assessment of the overall performance of Crestwing’s wave energy technology.

Sabella formalizes partnership for tide-powered green hydrogen production
French company Sabella has signed a memorandum of understanding with H2X-Ecosystems for the development of green hydrogen production system powered by tidal energy.

Erik Thun orders next-gen dry cargo vessels
Swedish shipping company Erik Thun Group has ordered two new dry cargo vessels from Dutch shipyard Ferus Smit in an effort to replace some of the existing vessels with newbuilds.

Wärtsilä to maintain 2 LNG-fueled ferries from STQ
Wärtsilä has signed an optimised maintenance agreement with the Canadian ferry operator STQ for two LNG-fueled ferries.

2021 best-ever financial year for Reach Subsea
Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw

German partners build 3MWp floating solar plant
German renewable energy company BayWa r.e. is finalizing construction of a 3MWp floating solar plant for the compatriot company Quarzwerke which is looking to further reduce its carbon footprint.