Business Developments & Projects
Minesto hires technical support for Deep Green oceanographic modelling
Swedish marine energy developer Minesto has hired two UK-based consultancies to deliver oceanographic modelling support for its Deep Green tidal energy technology.
Prysmian books WIND for Hollandse Kust Zuid OWF cable transport
Dutch cable shipping company WIND has secured a contract to transport Prysmian’s cables to Hollandse Kust Zuid offshore wind farm.
HydroQuest validates performance of new tidal turbine design at Insean
French marine energy company HydroQuest has tested the scaled model of its new tidal turbine technology at the Institute of Marine Engineering, part of the National Research Council (CNR) of Italy.
Heerema’s Thialf removes Shell’s Goldeneye platform
Heerema Marine Contractors’ giant Thialf vessel has removed Shell’s Goldeneye wellhead platform after installing the structure in 2003.
Energinet predicts increased costs for Baltic Pipe construction
Energinet has revised the budget for the Baltic Pipe as the capital expenditure for the Danish part of the project is now estimated at one billion euros.
CGG closes sale of GeoSoftware business
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software.
Safe Bulkers inks its 1st sustainability-linked loan
Monaco-based bulker owner Safe Bulkers has unveiled its first sustainability-linked credit facility that incorporates an incentive discount on interest rate, linked to independently verified pre-determined emission targets.
Subsea Drilling Systems, MHWirth merge into offshore drilling solutions company
The merger of Baker Hughes’ Subsea Drilling Systems business (SDS) and Akastor’s wholly-owned subsidiary, MHWirth, has been completed to form a global offshore drilling equipment company.
In focus: Shoulder to shoulder towards a sustainable future
In this In Focus column, we report on initiatives that reduce the ecological footprint of the offshore energy and maritime industry.
Poland’s PGNiG spins drill bit at Fat Canyon prospect
PGNiG has started drilling an exploration well offshore Norway following a takeover of Ineos’ Norwegian assets.
Arup, WES create Convex tool to showcase cost-cutting benefits of concrete for wave energy
Arup Group has found that replacing steel with concrete could reduce the costs of floating wave energy converters by 20%, as part of a project funded by Wave Energy Scotland (WES). Also, a new decision-making tool dubbed Convex has been developed to help wave energy device developers assess the feas
ROSATOM to launch hydrogen fuel cell transport in Sakhalin Region
Russia’s atomic energy corporation Rosatom will collaborate with other industry players on hydrogen fuel cell transport to decarbonize the Sakhalin Region.
Lundin produces first oil from tie-back project in North Sea
Lundin Energy has achieved the first oil from the Solveig field, a subsea tie-back development into the Edvard Grieg platform offshore Norway.
Norway-UK interconnector begins trial operations
The 720-kilometer North Sea Link between Norway and the UK began its three-month trial operations today, 1 October.