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Business & Finance

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Google buys offshore wind power from Vattenfall-CIP JV
Business & Finance

Google buys offshore wind power from Vattenfall-CIP JV

Google has signed a power purchase agreement (PPA) with Denmark’s Copenhagen Infrastructure Partners (CIP) for 250 MW of energy capacity at the Zeevonk offshore wind project in the Netherlands.

about 1 year ago
Shortly after reaching FID, Shell awards TechnipFMC with subsea contract for Nigerian project
Business & Finance

TechnipFMC to deliver subsea production systems for Shell’s oil & gas project off Nigeria

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UK-headquartered energy technology provider TechnipFMC has secured a contract with Shell to deliver subsea production systems for a deepwater oil and gas project off the coast of Nigeria for which the final investment decision (FID) was reported earlier today. As part of the contract with Shell Nige

about 1 year ago
Two men sitting behind a desk signing documents
Business & Finance

Third formal deal sealed for ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s energy supply company EnBW Energie Baden-Württemberg (EnBW) for gas from its lower-carbon Ruwais liquefied natural gas (LNG) project. The deal for supplying 0.6 million tonnes per annum (mtpa) of LN

about 1 year ago
Wärtsilä's
Business & Finance

Wärtsilä’s €200M revenue ANCS unit to be sold to Solix Group

Finnish technology heavyweight Wärtsilä is set to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group AB. Pending formal approvals, the transaction is expected to be completed in the second quarter of 2025. ANCS—which was acquired by Wär

about 1 year ago
Ex-PSV to join Geoquip's fleet after makeover
Business & Finance

Ex-PSV to join Geoquip’s fleet after makeover

Geoquip Marine, a provider of offshore geotechnical solutions, has added a new vessel to its fleet, currently undergoing conversion from a platform supply vessel (PSV) into a geotechnical services platform. As part of the conversion in Norway, Geoquip Silvretta, originally built as a PSV by Green Ya

about 1 year ago
OEEC: CCS will employ as many people as oil & gas at its peak
Business & Finance

OEEC: CCS will employ as many people as oil & gas at its peak

Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply

11 minutes read
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business & Finance

Fresh oil & gas discovery comes to light in North Sea’s ‘exploration hotspot’

Equinor has struck oil and gas once again in an area where previous commercial discoveries were made, putting tie-back to existing infrastructure on the table as a development option to combine the recent discoveries.

about 1 year ago
Fugro on ground investigation duty for Equinor's European CO2 highway
Business & Finance

Fugro on ground investigation duty for Equinor’s European CO2 highway

Fugro is performing a comprehensive ground investigation offshore Belgium for a new CO2 highway developed by Norwegian state-owned energy giant Equinor which will be used for transporting CO2 between mainland Europe and Norway. Fugro said its data acquisition will allow Equinor to quickly calculate

about 1 year ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business & Finance

New shallow gas discovery prompts suspension of drilling ops

Equinor has found shallow gas during drilling activities with an Odfjell Drilling-owned semi-submersible rig at a well in the Norwegian Sea off the coast of Norway.

about 1 year ago
UK's growing underwater industry hits £9.2B, gov't urged to react to reach potential
Business & Finance

UK’s growing underwater industry hits £9.2B, gov’t urged to react to reach potential

The UK’s underwater industry has grown from £8 billion to £9.2 billion in the last 12 months, now supporting over 51,000 jobs. Thereby, the Global Underwater Hub (GUH) has called on the UK Government to recognize the scale and potential of the industry and to deliver an industrial strategy to boost

about 1 year ago
CETO technology
Business & Finance

Australian govt agency backs Carnegie to support wave energy deployment in Spain

Carnegie Clean Energy has secured a bond facility agreement with Export Finance Australia (EFA) to support the ACHIEVE Program’s CETO wave energy technology deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The agreement is said to see EFA provide advanced paymen

about 1 year ago
Noble Interceptor rig; Source: Noble Corporation
Business & Finance

Noble signs up for Kongsberg Digital’s ‘cutting-edge’ simulator tech

Noble is bent on enhancing its operational safety and performance with simulator technology for dynamic positioning (DP) training and analysis, which will be provided by Kongsberg Digital.

about 1 year ago
As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant
Business & Finance

As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant

Switzerland’s Federal Council adopted the national hydrogen strategy the same day that Axpo and its partners broke ground on the site of a new hydrogen production plant to be constructed by H2Uri.

about 1 year ago
Ostwind 4
Business & Finance

50Hertz awards contract for Ostwind 4 offshore grid connection in Germany

UAE-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2 GW offshore wind grid connection in Germany. Ostwind 4 will connect Baltic Sea offshore wind farms to the national grid using high-voltage direct current (HVDC) technology. This will

about 1 year ago