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Business & Finance

DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992

Norway’s state-owned oil & gas giant Equinor has awarded DeepOcean with a contract for subsea construction and installation activities for a project that aims to extend the production life of an oil & gas field operational since 1992. DeepOcean’s scope of work includes the installation of a subsea s

about 10 months ago

Business & Finance

Australian firm secures milestone payment under EuropeWave contract

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Australian wave energy developer Carnegie Clean Energy has received a €351,471 payment under its EuropeWave contract, following the completion of the system integration review for the ACHIEVE program. “Thank you to the EuropeWave Project Buyers Group for their continued support!” the company said in

about 10 months ago

Business & Finance

NYK to issue new round of transition bonds to support its ambitious decarbonization plan

Japanese shipping major Nippon Yusen Kaisha (NYK) has announced plans to issue transition bonds in late November in an effort to accelerate its decarbonization projects.

about 10 months ago

Business & Finance

2009-built source vessel to spend more time in Western Hemisphere

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its source vessel for work in the Western Hemisphere. The three-month contract extension for the 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, will

about 10 months ago

Business & Finance

Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway

Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England. The marine survey activities for the 2 GW EGL5 are expected to commence on November 23

about 10 months ago

Business & Finance

Weco secures support to advance scalable wave energy solutions

The Hague-based Wave Energy Collective (Weco) has raised €600,000 to accelerate the development and testing of its modular wave energy technology. According to Weco, the investment comes from the Netherlands Enabling Water Technology fund (NEW-ttt), Init Power, and Cyriel de Jong. The company said t

about 10 months ago

Business & Finance

Saipem gives out €8.5M contract to compatriot NextGeo for work offshore Libya

Italy’s Next Geosolutions (NextGeo) has won a €8.5 million contract with compatriot engineering, drilling, and construction services giant Saipem for survey and support to installation activities for an offshore gas project in North Africa. NextGeo will deploy the vessels NG Worker and NG Surveyor t

about 10 months ago

Business & Finance

New Asso.subsea cable layer to sport automation system from Finnish company

Greece’s Asso.subsea has placed an order with a firm headquartered in Finland for an Integrated Automation System (IAS) to be delivered for its DP 2 cable-laying vessel (CLV) currently being built in China. Valmet will supply its automation technology for the vessel named Althea, which the China Mer

about 10 months ago

Business & Finance

Svitzer buys into Norwegian maritime services company

Denmark-based towage service provider Svitzer has acquired a majority stake in Norwegian maritime services company Buksér og Berging.

about 10 months ago

Subsea mooring installation call keeps DOF vessel offshore Australia

Business & Finance

DOF gets call from the Atlantic from BP

Norwegian vessel owner DOF Group has secured a three-year firm, with two-year options, contract with UK-headquartered energy giant BP for subsea services in the Atlantic region. DOF said it would deploy a high-capability subsea vessel to support BP with subsea construction, installation, repair, and

about 10 months ago

Business & Finance

GreenH making strides in developing green hydrogen projects

Taking the next step in the development of green hydrogen hubs, Norwegian company GreenH has selected compatriot Nel ASA as the technology provider for its projects in Kristiansund and Slagentangen.

about 10 months ago

Business & Finance

Large contract win gives Ocean Installer more work with Vår Energi

Norway’s marine construction and operations player Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a contract defined as large with compatriot oil & gas player Vår Energi for the Balder Next development. Under the contract that is expected to bring NOK 1-2 billion ($98-$196 m

about 10 months ago

Business & Finance

Port of Newcastle taps HPC to drive Clean Energy Precinct project forward

Australia’s Port of Newcastle has appointed German port and logistics consultancy HPC Hamburg Port Consulting to develop a final business case for its Clean Energy Precinct (CEP) project.

about 11 months ago

Business & Finance

Canada’s first large-scale LNG export project firing on all cylinders as it ignites second train

LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, has put into operation mode the second train at its liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia.

about 11 months ago