Business Developments & Projects

Eco Wave Power widens interim loss
Swedish-Israeli wave energy company Eco Wave Power has posted a larger net loss for the first nine months of 2021, as compared to the same period a year earlier.

Rotech finishes London Array OWF gig
Aberdeen-based Rotech Subsea has concluded de-burial and post-lay trenching works on the London Array offshore wind farm.

Hundreds of North Sea workers set to down tools to stop terms & conditions cuts
About 300 oil and gas workers in the UK North Sea are preparing to take strike action amid a dispute over terms and conditions cuts.

NKT Victoria pulls up at Ulstein Verft
Cable-laying vessel NKT Victoria is currently at Ulstein Verft for maintenance and a five-year classification.

EMEC crowned champion of renewables
The European Marine Energy Centre (EMEC), a world-leading test facility for marine energy, has scooped the ‘Champion of Renewables’ award at this year’s Scottish Green Energy Awards.

DNV studies hydrogen to support Ready4H2 roadmap
Contracted by the Ready4H2 project, independent energy expert DNV will lead a study that will produce a roadmap for European distribution networks.

OMV books Maersk rig for HPHT well in North Sea
Maersk Drilling has secured a one-well contract with OMV (Norge) for a high-pressure, high-temperature exploration well off Norway.

PD Ports hires Konecranes to retrofit 4 RTGs to run on electricity
PD Ports, owner and operator of Teesport, the fifth largest port in the UK, has contracted Finnish manufacturer Konecranes to convert the primary power supply of four diesel-driven rubber-tired gantry cranes (RTGs) to electric

Kongsberg launches world’s 1st full-scale hydrogen-based propulsion system
Norwegian technology group Kongsberg has celebrated a world first by testing and verifying a full-scale, full-size, zero-emission drivetrain powered by hydrogen fuel cells designed for ships and ferries.

Rolls-Royce to supply mtu engines for new Svitzer tugs
UK’s engineering company Rolls-Royce has received a contract to supply eight mtu engines to Brazilian shipyard Rio Maguari.

Vår Energi CEO now member of Norwegian Oil and Gas Association’s board
The CEO of Vår Energi has been appointed as one of the new board members of the Norwegian Oil and Gas Association (NOROG).

Samsung Heavy gets rid of ex-Ocean Rig drillship with hopes to sell three more
South Korea’s shipbuilder Samsung Heavy Industries has agreed to sell a former Ocean Rig drillship to an unnamed European company.

UK port set for revival with plans to recycle old rigs into foundations for floating wind farms
UK’s Ardersier Port, which was one of the largest oil rig fabrication yards in the world, is now set to be transformed into Europe’s first fully circular energy transition facility.

SELKIE guides drones to cheaper tidal energy surveys
The partners in the EU-backed SELKIE project are making progress on the development of drone methodology, set to improve the measurements of surface currents at tidal stream sites.