Business & Finance

Triumph Subsea and Harland & Wolff’s wind farm vessel deal off, Triumph says InfraStrata’s statement ‘misleading’
The Letter of Intent (LoI) for the construction of a Windfarm Development Vessel (WDV) – issued last year by Triumph Subsea Services to InfraStrata plc – has been formally cancelled, Triumph Subsea said after InfraStrata reported the LoI had been set aside as the shipbuilder was not confident the pr

Nexans opens cable harness production facility in China
Nexans has inaugurated a new cable harness production facility in the city of Tianjin, China, dedicated to the local wind energy industry. The facility has 3,000 square meters of production and storage space and will manufacture M12 sensor cables, valve connectors, and customized solutions specific

Seal of approval to Equinor for next phase of Troll project
Equinor has secured regulatory consent to start-up facilities and modifications associated with the Troll phase 3 project in the North Sea.

Chart buys L.A. Turbine to boost hydrogen and LNG solutions
US-based LNG engineer Chart Industries has acquired turboexpander engineering company L.A. Turbine for $80 million in order to utilise its expenders for LNG, CCS and hydrogen processes.

Australia seeks expressions of interest to decommission stranded FPSO
The Australian Government has released a Request for Expressions of Interest for Phase 1 works to decommission the Northern Endeavour FPSO.

TECO 2030 moves into its new giga fuel cell production factory
The Norwegian cleantech company TECO 2030 has taken over the building that will become home to its new fuel cell giga factory in Narvik, northern Norway. The planned combined fuel cell factory and innovation centre is set to become Norway’s first large-scale production of hydrogen-based fuel cells.

Eco Wave Power starts trading on U.S. Nasdaq
Swedish-Israeli wave energy company Eco Wave Power Global (EWPG) has opened the initial public offering (IPO) of shares on Nasdaq in the United States, targeting $8 million in proceeds.

Equinor hires M.A.R.S. Europe for Veslefrikk B recycling
Norwegian oil major Equinor has awarded Modern American Recycling Services Europe (M.A.R.S) a contract for deconstruction and recycling of the Veslefrikk B platform in the North Sea offshore Norway.

Simon Møkster vessel to support Aker BP drilling campaign
Norwegian Simon Møkster Shipping has been awarded more work with Aker BP to support its drilling campaign offshore Norway.

ExxonMobil lobbyists filmed saying oil major’s climate policy a PR stunt
A lobbyist for ExxonMobil stated in an aired interview recorded by undercover Greenpeace activists that the company was still fighting efforts to tackle climate change in the U.S., despite publicly claiming to support the Paris climate agreement.

SOVs wanted for two offshore wind farms in Germany
An operator of two offshore wind farms in Germany has opened a tender looking for a service operation vessel(s).

Containership companies show record delays in 2021
The level of delays in 2021 has been the highest across each month when compared to the previous years, with average delays going up to 6 days, a new report shows.

Innovation challenge to track animals around tidal turbines goes live
The Marine Energy Engineering Centre of Excellence (MEECE) and ORE Catapult have launched an innovation challenge to find solutions for tracking underwater species behaviour and movements in and around tidal stream turbines.

RWE assembling offshore wind supply chain team in Poland
RWE Renewables, through its Polish subsidiary Baltic Trade & Invest Sp. z o.o., has signed Letters of Intent (LoI) with three Polish companies from the maritime sector, which will support the construction of the FEW Baltic II 350 MW offshore wind project in Poland. RWE has entered into cooperation w