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Business & Finance

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maritime
Business & Finance

SEA Europe: EU needs to address ‘fragmented funding landscape’ to drive maritime innovation, decarbonization

As the European Union prepares its next long-term budget, the Shipyards & Maritime Equipment Association of Europe (SEA Europe) has urged the European Commission to address the current funding fragmentation with regard to the maritime sector.

about 1 year ago
CRP wins contract with Shell for deepwater development offshore Houston
Business & Finance

CRP Subsea wins contract with Shell for deepwater development offshore Houston

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UK-headquartered CRP Subsea, part of AIS, has won a contract with Shell for the supply of crushable foam wrap (CFW) for a deepwater development located offshore Houston in the Gulf of Mexico/America. The initial order for the Whale development is for one well-set, with additional orders for four mor

about 1 year ago
Italy's Eni taps another compatriot firm for UK CCS project
Business & Finance

Italy’s Eni taps another compatriot firm for UK CCS project

Italy-headquartered Rosetti Marino has secured an engineering, procurement and construction (EPC) contract valued at over €300 million for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. The contract for the Liverpool Bay CCS project covers the

about 1 year ago
Solstad trio to work for Petrobras starting from December
Business & Finance

Solstad trio to work for Petrobras starting from December

Norwegian shipping company Solstad Offshore has secured multiple contracts with Brazilian oil & gas company Petrobras for two anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV). The new contracts for the AHTS vessels have a duration of four years each, whereof one in

about 1 year ago
Association Wind Ship
Business & Finance

Steering shipowners towards financing wind-powered vessels: Association Wind Ship, partners release ‘first-ever’ guide

Association Wind Ship, a French association created in 2019 to accelerate the adoption of wind propulsion in commercial shipping, has published its first guide to help shipowners navigate the complexities of financing wind-powered vessels.

about 1 year ago
Nexans to deliver second Malta-Italy interconnector, ten years after the first one
Business & Finance

Nexans to deliver second Malta-Italy interconnector, ten years after the first one

Nexans has secured a contract with government-owned Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector, a new 225 MW high-voltage alternating current (HVAC) link that will reinforce Malta’s electricity system and ensure a stable and resilient energy supply. Under the contract

about 1 year ago
Hy2gen secures €47 million to boost its hydrogen and derivatives projects
Business & Finance

Hy2gen secures €47 million to boost its hydrogen and derivatives projects

Hy2gen has completed a funding round of €47 million from existing shareholders to further accelerate the development of its hydrogen and derivatives projects.

about 1 year ago
NKT inks €1B contract with long-term partner for low-carbon aluminium wire rod
Business & Finance

NKT inks €1B contract with long-term partner for low-carbon aluminium wire rod supply

Denmark-headquartered power cable manufacturer and installation company NKT has signed an agreement with Norway’s aluminium and renewable energy company Hydro for the supply of low-carbon aluminium wire rod through to 2033. The two firms have been partners for over 40 years. According to NKT, the ag

about 1 year ago
Sumitomo Electric, Siemens Energy hand over 500 MW Ireland-Great Britain interconnector
Business & Finance

Sumitomo Electric, Siemens Energy hand over 500 MW Ireland-Great Britain interconnector

The consortium of Sumitomo Electric Industries and Siemens Energy has completed the trial operations and handover of the Greenlink interconnector linking the electricity grids of Ireland and Great Britain to its client, Greenlink Interconnector Limited, for operational and commercial use. The 500 MW

about 1 year ago
Carnegie's CETO wave energy converter
Business & Finance

Spanish govt backs Carnegie’s wave energy tech with €1.17M

Carnegie Clean Energy’s wholly owned subsidiary, Carnegie Technologies Spain, has received an advance payment of €1,171,800 from the Spanish government to support the construction of the first CETO wave energy technology unit in Europe. According to Carnegie, the funding was awarded through Spain’s

about 1 year ago
CMA CGM
Business & Finance

CMA CGM secures Brazilian gateway with terminal operator transaction

Following regulatory approvals from relevant authorities, Marseille-based logistics and shipping giant CMA CGM has closed the acquisition of Santos Brasil Participações, a major Brazilian multi-terminal operator. As divulged, the company has wrapped up the purchase of 47.9% of the terminal operator.

about 1 year ago
Eni
Business & Finance

UK CCS project enters construction phase with financial close now secured

Italy’s oil & gas giant Eni has reached financial close with the UK Government for a carbon capture and storage (CCS) project in northern England, now free to move to the construction phase. Eni announced today, April 24, that it had reached financial close with the Department of Energy Security and

about 1 year ago
Fugro to conduct surveys for Equinor's stalled $12B oil project off Canada
Business & Finance

Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago
CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’
Business & Finance

CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’

Dry bulk shipping company Golden Ocean Group (GOGL) and Belgian shipowner CMB.TECH have signed a term sheet for a contemplated merger, which is expected to create “one of the largest diversified listed maritime groups in the world” with a combined fleet of more than 250 vessels.

about 1 year ago