Business Developments & Projects
NKT puts power cable recycling into fifth gear
NKT has reused all materials from its medium- and high-voltage power cable scrap for new applications as part of its journey towards zero waste. After entering a partnership with the Norwegian recycling specialist KMT, scrap materials from NKT’s production are being transformed into flowerpots, cabl
Norway’s seismic firms target hybrid towed streamer and OBN acquisition
PGS has entered into a strategic collaboration with Magseis Fairfield to collaborate in the hybrid towed streamer and ocean bottom node (OBN) seismic market. The strategic collaboration has a global scope with an initial focus on the North Sea, and a duration of one year, with options to extend by t
Founder Adolfo Utor takes sole ownership of Baleària
Adolfo Utor, president and founder of the Spanish LNG ferry operator Baleària, takes control of 100 per cent of the shares of the shipping company.
Bourbon embarks on fleet transformation with 40 crew transport vessels in the works
Bourbon plans to build 38 more new units after the first two crew boats from its new Bourbon Surfer-200X series completed sea trials.
Restoring seagrass in Romania by Van Oord
Van Oord was contracted by Administratia Bazinala de Apa Dobrogea-Litoral (ABA-DL) in 2019 to design and build new groynes and beaches to protect the popular seaside resort of Eforie on the Black Sea from erosion. Part of the project is the construction of three hectares of sea grass. Van Oord is cu
Shell produces first gas from North Sea field
Oil major Shell has started production from a gas and condensate field located in the UK North Sea, through a tieback to its Shearwater hub.
Valaris to reactivate stacked drillship for Petrobras
Offshore drilling contractor Valaris has been awarded a contract with Petrobras offshore Brazil for a stacked drillship.
GKinetic Energy attracts Katapult investment
Ireland-based hydrokinetic turbine developer GKinetic Energy has been selected as one of ocean impact technology startups to receive support from Katapult investment company.
IEA-OES publishes whitepaper on OTEC for policy makers and developers
Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has released a whitepaper on ocean thermal energy conversion (OTEC) providing an overview of the technology and discussing the importance of its widespread adoption.
Bill Gates in $276m clean energy partnership with UK
Bill Gates-founded Breakthrough Energy Catalyst will invest $276 million over ten years to drive UK’s new clean energy technologies, including green hydrogen.
Solstad bags contract extension for PSV in Norway
Solstad Offshore has been awarded a contract extension for its platform supply vessel (PSV) Normand Server offshore Norway.
Norway: September oil output tops regulator’s predictions
Norway’s oil production in September 2021 was 1.1 per cent over the NPD’s predictions, while the total volume equalled last year’s figures.
UK unveils landmark strategy to reach net-zero by 2050
The UK government has launched its landmark net-zero strategy, outlining measures to lower its reliance on fossil fuels and transition to a green and sustainable future.
Harland & Wolff’s Arnish facility wins its first contract
Harland & Wolff, owned by InfraStrata, has secured the first contract for its Arnish facility located in the Western Isles, Scotland.