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Business & Finance

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Funding & RegulationHydrogenProductionTechnology & InnovationTransport & StorageValleys, Hubs & CorridorsAuthorities & GovernmentBusiness Developments & ProjectsOutlook & StrategyProject & TendersRegulation & PolicyTechnologyFossil EnergyOil & GasRigsExploration & ProductionSubseaSurveys & InterventionsVessels & VehiclesVesselsVisionEquipmentCablingClean FuelMethanolOffshore WindGreen MarineTransitionWind FarmsEnvironmentInnovationGridShipbuildingRules & RegulationLow-Carbon Transition
Clean Hydrogen Partnership issues €184.5 million call for proposals
Business & Finance

Clean Hydrogen Partnership issues €184.5 million call for proposals

The Clean Hydrogen Partnership, a public-private partnership supporting research and innovation (R&I) activities in hydrogen technologies in Europe, has launched its new call for proposals with a budget of €184.5 million for projects.

about 1 year ago
COSL Prospector rig; Source: COSL
Business & Finance

Unfavorable price environment makes new gas discovery unprofitable

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Vår Energi has found more gas in the Barents Sea, thanks to the drilling operations, which were conducted with one of COSL Drilling Europe’s semi-submersible rigs off the coast of Norway.

about 1 year ago
DOF terminates vessel contract in Mexico due to payment default
Business & Finance

DOF terminates vessel contract in Mexico due to payment default

Norwegian vessel owner DOF Group has terminated the contract for its subsea vessel Skandi Implementer in Mexico following the client’s payment default. In the announcement, DOF further revealed its plans to have the vessel fitted with two of its remotely operated vehicles (ROVs) and pursue opportuni

about 1 year ago
SmartCap’s €5 million investment to support Elcogen’s growth
Business & Finance

SmartCap’s €5 million investment to support Elcogen’s growth

Estonian clean energy technology manufacturer Elcogen has secured a €5 million investment from SmartCap, a venture capital fund supporting Estonian greentech companies.

about 1 year ago
MacArtney to upgrade ROV operations on three Allseas vessels
Business & Finance

MacArtney to upgrade ROV operations on three Allseas vessels

Allseas has selected MacArtney to enhance and future-proof its remotely operated vehicle (ROV) operations with the replacement of three existing hydraulic launch and recovery systems with the all-electric eLARS. The scope covers three over-the-side 150 kN all-electric A-frames, including docking hea

about 1 year ago
High demand brings TGS four acquisition projects offshore Norway
Business & Finance

High demand brings TGS four acquisition projects offshore Norway

Norway-based energy data and intelligence company TGS has secured four 4D streamer contract acquisition projects offshore Norway, three in the North Sea and one in the Barents Sea. The North Sea campaign is set to start in early Q2 with back-to-back scheduling and a total duration of approximately 1

about 1 year ago
Keel laying marks official construction start of NKT's second cable layer
Business & Finance

Keel laying marks official construction start of NKT’s second cable layer

Danish power cable manufacturer and installation company NKT has marked the official start of construction of its new cable-laying vessel (CLV) NKT Eleonora with the keel laying ceremony, some two months after the first steel was cut for the vessel. The official keel laying of NKT Eleonora took plac

about 1 year ago
A photo of the panelists at the Green Growth session at OEEC 2024
Business & Finance

Deputy Head of Research Unit at EU’s DG Energy: ‘Relying on targets and assuming jobs and growth will follow does not work’

Relying only on renewable energy targets and expecting the industry and economic growth would follow “does not work”, Mark van Stiphout, Deputy Head of Unit for Research, Innovation, Competitiveness and Digitalisation at European Commission’s DG Energy, said during a panel session about green growth

about 1 year ago
Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract
Business & Finance

Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract

Nexans has secured the contract for the LanWin2 offshore grid connection in Germany, valued at €1 billion, under the framework agreement TenneT awarded the French subsea cable supplier in May 2023. The project involves the engineering, procurement, construction, and installation (EPCI) of 250 kilome

about 1 year ago
AtoB@C Shipping charters six eco-vessels from German shipowner
Business & Finance

AtoB@C Shipping charters six eco-vessels from German shipowner

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has entered into long-term time charter contracts with German shipowner BAAS Shipping from six new low-emission vessels.

about 1 year ago
An offshore platform
Business & Finance

Trident kicks off the new year with fresh Congo acreage

UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo.

about 1 year ago
NextGeo continues its expansion spree with purchase of another vessel
Business & Finance

NextGeo continues its expansion spree with purchase of another vessel

As part of its growth and expansion plans aimed at strengthening the fleet and meeting increasing demand in the offshore sector, Italy-headquartered Next Geosolutions (NextGeo) has acquired another vessel, to be used for survey activities. NextGeo has completed the acquisition of the vessel Deep Hel

about 1 year ago
Gjøa; Source: Vår Energi
Business & Finance

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

UK’s ‘largest’ gas and hydrogen energy storage project on track for FID in 2025

EnergyPathways has made progress in making its proposed large-scale energy storage project in the East Irish Sea ready for a final investment decision (FID) later this year by securing operatorship for a block encompassing the project and picking a compatriot contractor to handle engineering study f

about 1 year ago