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Business & Finance

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Island Frontier
Business & Finance

Norwegian vessel at work for Oceaneering in Africa, North Sea comeback in August

A multi-service vessel (MSV) owned by Norway’s Island Offshore has completed a campaign in West Africa for U.S. subsea engineering and applied technology firm Oceaneering and is getting ready for the next project in the region. The 106-meter-long Island Frontier, delivered to the owner in 2004, is c

about 1 year ago
ZOEX's wave energy converter (WEC) technology. Source: ZOEX
Business & Finance

UK’s first female-founded wave energy firm raises $700K to advance its tech

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Aberdeen-based ZOEX Power has secured £531,000 (around $715,000) in funding to support the development of its wave energy converter (WEC) technology. The round includes investment from angel syndicate Equity Gap, alongside backing from the University of Strathclyde and Scottish Enterprise. The inves

about 1 year ago
TAQA enters 700 MW Northern Ireland-Scotland interconnector, route surveys on schedule
Business & Finance

TAQA enters 700 MW Northern Ireland-Scotland interconnector, route surveys on schedule

UK expert submarine cable and survey services provider A-2-Sea Solutions has been appointed to carry out route surveys for a new HVDC subsea electricity interconnector that will link the Belfast region in Northern Ireland and the Ayrshire region in Scotland. The LirIC interconnector project will hav

about 1 year ago
Wave energy developer Eco Wave Power has started infrastructure upgrades at its 1 MW wave energy project in Porto, Portugal.
Business & Finance

Eco Wave Power pays first installment for wave energy project in Portugal

Wave energy developer Eco Wave Power has paid the first installment, 50% of the grid connection fee, for its planned 1 MW wave energy station in Porto, Portugal. The payment was made to E-REDES, the Portuguese electricity distribution system operator. Eco Wave Power also formally accepted the Connec

about 1 year ago
Noble Innovator jack-up rig; Source: Noble Corporation
Business & Finance

BP books Noble rig for carbon storage gig in North Sea

Noble Corporation has landed a new multi-well drilling assignment in the North Sea with BP, the UK-headquartered energy giant.

about 1 year ago
CMB.TECH
Business & Finance

CMB.TECH, Golden Ocean merger edges closer to the finish line

Belgian shipowner CMB.TECH and dry bulk shipping company Golden Ocean Group (GOGL) have signed an agreement and plan for a stock-for-stock merger. As disclosed, the transaction, which has been greenlit by Golden Ocean’s Board of Directors and CMB.TECH’s Supervisory Board, will see the former merge w

about 1 year ago
Scana firm wins multi-million deal for E-house modules offshore Brazil
Business & Finance

Scana firm wins multi-million deal for E-house modules offshore Brazil

PSW Power & Automation, a subsidiary of Norway-headquartered offshore energy technology and services provider Scana, has secured a contract valued between NOK 75 million (around $7.3 million) and NOK 150 million for an offshore project in Brazil involving the delivery of two E-House modules. Accordi

about 1 year ago
EU flags
Business & Finance

Plagazi receives €29.5M EU grant for its waste-to-circular hydrogen project

Sweden’s cleantech company Plagazi has received a €29.5 million grant from the EU Innovation Fund for ‘Gävle Circular Park,’ its flagship project described as a key part of efforts to advance the development of local value chains across several sectors, including hydrogen transport, CO2 transport an

about 1 year ago
Brage platform; Source: OKEA
Business & Finance

Hit and miss in North Sea: Drilling ops yield new oil find

Norwegian oil and gas player OKEA has made a new oil discovery in an exploration well in the North Sea off the coast of Norway. However, the drilling activity at another well left the firm empty-handed, as no hydrocarbons were found.

about 1 year ago
Eni
Business & Finance

UK player’s affiliates find work on Eni’s CCS project destined to serve HyNet

With over 200 companies in its arsenal, RSK Group, a UK-headquartered environmental and engineering solutions provider, has disclosed assignments for eight of its business arms at a carbon capture and storage (CCS) project, which is being brought to life by Italy’s Eni, to contribute to the delivery

about 1 year ago
Uniper and thyssenkrupp Uhde unite to scale ammonia cracking technology
Business & Finance

Uniper and thyssenkrupp Uhde unite to scale ammonia cracking technology

Uniper and thyssenkrupp Uhde have entered a strategic partnership to advance ammonia cracking technology to industrial maturity.

about 1 year ago
Shearwater GeoServices orders two deepwater XL ROVs from compatriot firm
Business & Finance

Shearwater GeoServices orders two deepwater XL ROVs from compatriot firm

Norway-headquartered marine geoscience and technology company Shearwater GeoServices has placed an order with compatriot Argus Remote Systems for the delivery of two XL work-class remotely operated vehicles (WROVs) for deepwater operations. Under the contract, Argus Remote Systems will deliver two A

about 1 year ago
ESL Shipping
Business & Finance

ESL Shipping secures new €70M loan to finance next-gen green ships

Finland-based shipowner ESL Shipping has signed a €70 million loan agreement with Swedish finance provider Svenska Skeppshypotek to partially finance a series of four methanol-fueled 17,000 dwt Handysize vessels.

about 1 year ago
Leadership change at Scana as new CEO takes over
Business & Finance

Leadership change at Scana as new CEO takes over

Norway-headquartered offshore energy technology and services provider Scana is undergoing a leadership change with the appointment of a new chief executive officer (CEO). Following Pål Selvik’s decision to step down from the position, Scana has appointed Baste Tveito, previously its chief operating

about 1 year ago