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Business & Finance

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Puzzle coming together for Western Isles' link to Scottish national electricity transmission network
Business & Finance

Puzzle coming together for Western Isles’ link to Scottish national electricity transmission network

Scottish transmission system operator (TSO) SSEN Transmission has submitted a planning application for a project that encompasses the construction of the converter station and substation for a subsea link that will connect the Western Isles to the national electricity transmission network for the fi

about 1 year ago
Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia
Business & Finance
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Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia

Norwegian subsea service provider Argeo has completed a project offshore Namibia on behalf of French multi-energy major TotalEnergies, with its vessel now demobilizing. Argeo completed its work at TotalEnergies’ Venus project in Namibia’s Orange Basin under a $39 million contract announced in April

about 1 year ago
Titan delivers bio-LNG to MOL’s vehicle carrier under new deal
Business & Finance

Titan delivers bio-LNG to MOL’s vehicle carrier under new deal

Dutch marine fuels supplier Titan and Japanese shipping company Mitsui O.S.K. Lines (MOL) have completed the first bio-LNG and LNG bunkering operation under a new multi-delivery contract for MOL’s vehicle carrier fleet.

about 1 year ago
Hellenic Cables, Jan De Nul ink deal with UK National Grid for future HVDC cable projects
Business & Finance

Hellenic Cables, Jan De Nul ink deal with UK National Grid for future HVDC cable projects

After South Korean Taihan Cable & Solution, a consortium of Hellenic Cables and Jan De Nul has signed a framework agreement with National Grid becoming the appointed contractors eligible to participate in future HVDC cable projects across the UK and Europe. The agreement enables the consortium to pa

about 1 year ago
Subsea template installation for Halten East; Source: Equinor
Business & Finance

More Norwegian gas for Europe as first segment of two-phase development comes online

Equinor has kicked off production from the first chapter of a gas and condensate project off the coast of Norway, which is envisioned to encompass multiple discoveries developed in two phases.

about 1 year ago
Sale of 504 MW interconnector between Ireland and Great Britain valued at over €1 billion
Business & Finance

Sale of 504 MW interconnector between Ireland and Great Britain valued at over €1 billion

Partners Group, acting on behalf of its clients, has agreed to sell the 504 MW Greenlink subsea electricity interconnector linking Great Britain and Ireland to Baltic Cable AB and Equitix, valuing the project at an enterprise value of over €1 billion. Partners Group acquired a controlling stake in G

about 1 year ago
Stena Immaculate tanker pictured on March 12, 2025; Credit: UK's Maritime and Coastguard Agency
Business & Finance

Pollution ‘no cause for concern’ after oil tanker-cargo ship North Sea allision, UK says

Following a collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, the UK’s Maritime and Coastguard Agency has maintained that it does not foresee a damaging pollution effect from the tanker.

about 1 year ago
South Korean cable maker gains access to £21.3B in projects through deal with UK's National Grid
Business & Finance

South Korean cable maker gains access to £21.3B in projects through deal with UK’s National Grid

South Korean Taihan Cable & Solution has signed a framework agreement with UK power transmission and distribution company National Grid UK for high-voltage direct current (HVDC) cable systems, securing participation opportunities in projects valued at approximately £21.3 billion over up to eight yea

about 1 year ago
NKT marks key milestone in Greek power cable project, reports progress on Taiwan's first subsea cable factory
Business & Finance

NKT marks key milestone in Greek power cable project, reports progress on Taiwan’s first subsea cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has achieved one of the final milestones for Greece’s Attica-Crete power cable project with the completion of the site acceptance test. Described as the largest electricity transmission project in Greece, with a budget excee

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Business & Finance

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
Prysmian brings 'first major contract' to Helix Robotics' subsea trencher
Business & Finance

Prysmian brings ‘first major contract’ to Helix Robotics’ subsea trencher

Helix Robotics Solutions, the robotics division of U.S.-headquartered offshore energy services provider Helix Energy Solutions Group, has secured a contract with Italian cable systems giant Prysmian for its T1400-2 trencher. The contract will see the trencher perform post-installation cable burial o

about 1 year ago
Kongsberg Maritime signs contract for the design of two multipurpose subsea vessels; Source: Kongsberg Maritime
Business & Finance

Methanol-ready subsea vessel pair with battery hybrid tech lands on Kongsberg’s worksheet

Kongsberg Maritime has won a new design and equipment assignment for two multipurpose subsea vessels envisioned to be methanol-ready dual-fuel ships, sporting battery hybrid technology, which are set to be built for multiple purposes and optimized for advanced offshore operations under rough conditi

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

Norwegian firm getting a stake in North Sea prospect ahead of drill-or-drop decision

OKEA and Aker BP have struck a deal, which enables the former to get an interest in a prospect the latter is contemplating to drill with the aim of finding more hydrocarbons in the North Sea off the coast of Norway.

about 1 year ago
Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture company.
Business & Finance

Wavepiston secures €900K investment for wave energy expansion

Danish wave energy firm Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture (JV) company. The Blue Line is backed by Connect the Drops, a Dutch investment fund focused on the water sector, and Unknown Group, a venture capital firm

about 1 year ago