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Business & Finance

EU backs hydrogen infrastructure projects with over €250 million

To help decarbonize the European Union (EU) industry, the European Commission will allocate over €250 million in grants from the Connecting Europe Facility (CEF) to 21 hydrogen infrastructure development studies.

about 1 year ago

Business & Finance

Another offshore wind job for TGS in UK

Norway-based energy data and intelligence company TGS has secured another contract for offshore wind site characterization on the UK Continental Shelf (UKCS). To remind, TGS reported earlier this week it was set to kick off offshore wind site characterization in the UK in the first quarter of 2025 u

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about 1 year ago

Business & Finance

UK ROV under construction for Spanish subsea services provider

UK’s Forum Energy Technology (FET) has secured a contract to supply a work-class remotely operated vehicle (ROV) system and a Dynacon launch and recovery system (LARS) to Spanish maritime survey and ROV services operator ACSM. The FET Perry XLX EVO II will be delivered in the third quarter of 2025 t

about 1 year ago

Business & Finance

Metacon grows stake in Pherousa and CO2-free, ammonia-fueled deep-sea shipping

Swedish developer and manufacturer of energy systems Metacon has, through its subsidiary Metacon SA, increased its shareholding in Norway’s technology transfer company Pherousa Green Technologies, now re-named Pherousa, to approximately 35 percent of the capital.

about 1 year ago

Business & Finance

Aurora Offshore takes over first of three Sea1 high-end subsea vessels

Norway-based provider of vessel management services Aurora Offshore, part of the Borealis Group, has taken delivery of the first of three high-end subsea vessels from compatriot operator Sea1 Offshore, former Siem Offshore. A total of 11 vessels are set to transfer to Aurora Offshore as a part of it

about 1 year ago

Business & Finance

Polish companies team up to build cable laying vessel

Poland’s Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on the construction of a cable laying vessel (CLV) for the installation and maintenance of subsea cables in offshore wind farms, mainly in the Baltic Sea. On January 28, the two

about 1 year ago

Business & Finance

Powered wired drill pipe to boost sustainability in Vår Energi’s offshore ops

Norway-headquartered well construction and well intervention solutions provider Reelwell has secured a contract with compatriot oil and gas player Vår Energi for the delivery of its powered wired drill pipe, with Odfjell Technology acting as its strategic partner. The contract will see the DualLink

about 1 year ago

PGS Ramford Vanguard seismic vessel, TGS

Business & Finance

TGS secures offshore wind site characterization contract in UK waters

Norway-based energy data and intelligence company TGS has secured a contract for offshore wind site characterization on the UK continental shelf for a repeat client. According to TGS, the project is set to last around 60 days and will begin in the first quarter of 2025. The Ramform Vanguard will be

about 1 year ago

The image shows the project design consisting of an offloading system with a pipeline connected to the Nini A platform. The image is from the environmental impact report. Copyright: INEOS E&P.

Business & Finance

Public consultation opens for Denmark’s offshore CO2 storage project

The Danish Energy Agency has initiated a public consultation process for the environmental impact report related to the Greensand Future CO2 storage project in the North Sea. The report, prepared by Rambøll on behalf of INEOS E&P, supports the application for Denmark’s first CO2 storage initiative u

about 1 year ago

Business & Finance

Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline

The Danish Energy Agency has granted permission to Nord Stream 2 AG to preserve the Nord Stream 2 pipeline in the Baltic Sea that suffered damage in September 2022 following an explosion. The Nord Stream 1 and Nord Stream 2 pipelines run from Vyborg, Russia, to Lubmin near Greifswald, Germany, and c

about 1 year ago

Business & Finance

Stolt-Nielsen strengthens foothold in LNG bunkering market after Avenir LNG takeover

Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has entered into a share purchase agreement to acquire all the shares of the UK-based midstream LNG & BioLNG company Avenir LNG. As disclosed, the transaction is set to be finalized during the

about 1 year ago

Business & Finance

GreenH makes a step forward with hydrogen hub for ships

With a financing package of NOK 1 billion (around $89 million) in place, GreenH has reached a final investment decision (FID) to develop its green hydrogen facility in Bodø that will supply hydrogen to Vestfjorden ferry connection operated by Torghatten Nord.

about 1 year ago

Norwegian cleantech services firm gets to work on Romania’s first deepwater project

Business & Finance

Norwegian cleantech services firm gets to work on giant Black Sea gas project

Norway-based cleantech service provider Soiltech has secured a contract with Southeastern Europe’s integrated energy player OMV Petrom to deliver cuttings containment, transfer equipment and related services for what is said to be the largest natural gas project in the Romanian Black Sea. The contra

about 1 year ago

Business & Finance

Asso.subsea’s new cable-laying vessel to be built in China (Gallery)

Greece’s Asso.subsea has signed the shipbuilding contract for the construction of its new DP-2 cable-laying vessel (CLV), set to be built in China. The cable layer named Althea will be built at the China Merchants Heavy Industry shipyard, at Mazhou Island in Shenzen, with delivery set for the second

about 1 year ago