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Business & Finance

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Morlais demonstration zone (Courtesy of Welsh government)
Business & Finance

Wales backs Morlais tidal energy project with almost $10M

The Welsh Government has invested £8 million (around $9,9 million) as an equity stake in the Morlais tidal energy project, set to be the largest tidal scheme in Europe, to support its expansion and strengthen grid connections. Menter Môn, the social enterprise behind Morlais, is developing the site

about 1 year ago
Dutch institute for sea research orders advanced ROV from Norway
Business & Finance

Royal Netherlands Institute for Sea Research orders advanced ROV from Norway

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Norway’s technology firm Kystdesign has signed a contract with the Royal Netherlands Institute for Sea Research (NIOZ) for the construction of an advanced remotely operated vehicle (ROV) that will serve the Dutch marine research community. According to Kystdesign, the Supporter 6000 ROV is designed

about 1 year ago
Ascenz Marorka partners with Greek firm to deliver maritime decarbonization solutions
Business & Finance

Ascenz Marorka partners with Greek firm to deliver maritime decarbonization solutions

Ascenz Marorka, a smart shipping arm of France’s GTT Group, has formed a commercial partnership with Greek company Piraeus Marine Services to strengthen its position in providing one-stop maritime decarbonization solutions for shipyards and shipping companies in Greece.

about 1 year ago
Vår Energi's precommitment to subsea systems to cut tie-back development time by up to one year
Business & Finance

Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year

Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year. Under the S

about 1 year ago
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters; Source: Aker Solutions
Business & Finance

Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat

Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a fight.

14 minutes read
CINEA
Business & Finance

Turning innovative ideas into reality: CINEA presents 4 green maritime projects

The European Climate, Infrastructure and Environment Executive Agency (CINEA) has shared details of several ‘transformative waterborne projects’ that have moved from the R&D phase to a successful scale-up stage.

about 1 year ago
EemsEnergy Terminal
Business & Finance

Dutch terminal’s open season checking the pulse of LNG import demand after 2027

EemsEnergy Terminal has taken steps to determine whether it should remain in business after 2027 or close its doors by launching an open season for the storage and regasification of LNG in the Eemshaven after 2027 in the Netherlands.

about 1 year ago
Diversified offshore oil & gas services provider to arise with new merger
Business & Finance

Diversified offshore oil & gas services provider to arise with new merger

Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration and Singapore’s tender-assisted drilling provider Energy Drilling have signed a letter of intent (LoI) to merge into a combined company that would offer diversified offshore oil & gas services. The transaction will

about 1 year ago
Repsol invests €2.549 billion in renewable hydrogen push
Business & Finance

Repsol to invest more than €800 million in renewable methanol plant in Spain

Spanish energy giant Repsol has approved a more than €800 million investment in renewable methanol project Ecoplant in Tarragona.

about 1 year ago
504 MW link between Ireland and Great Britain enters commercial operations
Business & Finance

504 MW link between Ireland and Great Britain begins commercial operations

The Greenlink interconnector linking the electricity grids of Ireland and Great Britain has officially entered commercial operation, following more than three years of construction. The start of commercial operations took place on January 29 and was announced by James O’Reilly, Chief Executive Offic

about 1 year ago
Denmark ‘willing’ to inject billion-scale sum into Danish-German hydrogen pipeline
Business & Finance

Denmark ‘willing’ to inject billion-scale sum into Danish-German hydrogen pipeline

The government of Denmark has introduced new initiatives to support the country’s emerging hydrogen market with billion-scale (DKK) funding and committed to establishing a Danish-German hydrogen pipeline by 2030. The government announced the new initiatives for hydrogen as well as offshore wind mark

about 1 year ago
Vår Energi approved to conduct more North Sea drilling
Business & Finance

Vår Energi approved to conduct more North Sea drilling

The Norwegian Offshore Directorate (NOD) has granted a drilling permit to Norwegian oil & gas player Vår Energi for another wildcat well in the North Sea. The permit is for wellbore 7/1-4 S in production license 1090, in which Vår Energi holds a 50% operating stake, with partners Petoro and Aker BP

about 1 year ago
A large vessel at sea
Business & Finance

SBM Offshore and MISC wrap up FPSO stake swap

The Netherlands’ SBM Offshore has completed the exchange of interests in two FPSO vessels with Malaysia’s MISC Berhad (MISC).

about 1 year ago
Jan De Nul to install new UK interconnector
Business & Finance

Vattenfall and BASF gather tier 1 contractors for German offshore wind project

Vattenfall and BASF have signed contracts with EEW Special Pipe Constructions (EEW SPC) and CS Wind Offshore for component supply and with DEME and Jan De Nul for installation services for the Nordlicht 1 and Nordlicht 2 offshore wind farms in Germany. Germany’s EEW SPC will manufacture 112 monopile

about 1 year ago