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Business & Finance

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European JV getting ready for installation of subsea cables for two Senegalese links (Photos)
Business & Finance

European JV getting ready for installation of subsea cables for two Senegalese links (Photos)

A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has made progress in preparation for the installation of subsea power cables for two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people.

about 1 year ago
Call issued for renewables investments in Africa
Business & Finance
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Call issued for renewables investments in Africa

European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa have launched the global campaign ‘Scaling up Renewables in Africa’ during the Global Citizen NOW event in Rio de Janeiro, Brazil.

about 1 year ago
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Business & Finance

Russian gas and LNG play ‘major’ part in global energy security, Gazprom says

Russia’s giant Gazprom has highlighted the contributions its gas is making to oil the wheels of global energy security while discussing the size of the hand its gas and liquefied natural gas (LNG) supplies have in the worldwide energy mix.

about 1 year ago
MSC
Business & Finance

MSC gets all regulatory green lights for HHLA acquisition

Swiss MSC Mediterranean Shipping Company, the world’s largest container shipping company, has received all regulatory approvals to participate in the ownership structure of Germany’s logistics provider Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).

about 1 year ago
Green light from Ofgem for 2 GW subsea electricity superhighway
Business & Finance

Green light from Ofgem for 2 GW subsea electricity superhighway

UK energy market regulator Ofgem has greenlit the Eastern Green Link 1 (EGL1) electricity superhighway by awarding a £2 billion funding package for the construction of the project. The 2 GW EGL1 HVDC multi-directional cable is being developed by National Grid Electricity Transmission (NGET) and SP T

about 1 year ago
An offshore platform
Business & Finance

Norwegian State bringing into its fold world’s ‘most extensive’ gas network for $1.6 billion

Norway’s Ministry of Energy has signed purchase agreements with seven companies forming part of three joint ventures (JV) that own “key” parts of the country’s gas transportation system. Agreements have been concluded with A/S Norske Shell, CapeOmega, ConocoPhillips Skandinavia, Equinor Energy, Hav

about 1 year ago
In midst of expansion initiatives, N-Sea to develop new-built operations support base
Business & Finance

In midst of expansion initiatives, N-Sea to develop new-built operations support base

Netherlands-headquartered subsea solutions provider N-Sea Group is planning to develop a new-built operations support base in IJmuiden in 2025, said to enable it to support all offshore activities in the Europe region from one location. N-Sea Group has signed a contract to build a new operations sup

about 1 year ago
ERMA FIRST
Business & Finance

ERMA FIRST acquires Ecochlor to expand global BWTS footprint

Greek ballast water treatment specialist ERMA FIRST has completed the acquisition of its US-based counterpart, Ecochlor, as part of its growth strategy to increase market share.

about 1 year ago
One Italian approval to go for second interconnector to Malta
Business & Finance

One Italian approval to go for second interconnector to Malta

Sicily has given its approval for the second interconnector between Malta and Italy, some eleven months after the project had been granted the development permit from the Maltese side. The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electrical cable int

about 1 year ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies, Shell, BP, and Equinor to assist in tackling energy access woes with $500M pledge

Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.

about 1 year ago
Illustration; Source: OMV
Business & Finance

Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home

OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany.

about 1 year ago
DeepOcean’s inaugural USV taking shape at Spanish shipyard (Photos)
Business & Finance

DeepOcean’s inaugural USV taking shape at Spanish shipyard (Photos)

An advanced unmanned surface vessel (USV) being built in Spain for DeepOcean and its partners has started taking shape at GONDAN Shipbuilders. GONDAN Shipbuilders started the construction of the USV Challenger in March, following the order from USV A/S, a joint venture of DeepOcean, Solstad Offshore

about 1 year ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Shell begins laying the groundwork for recent North Sea gas discovery to become FID-ready

Shell is taking steps to set the stage for a potential final investment decision (FID) to be taken in relation to its recent gas discovery in the North Sea, which is located on the UK Continental Shelf (UKCS).

about 1 year ago
Allseas installs pipeline for 'flagship' Dutch gas development
Business & Finance

Allseas installs pipeline for ‘flagship’ Dutch North Sea gas development

Allseas has completed the pipeline installation and post-lay activities for what is said to be a flagship project in the Dutch North Sea led by the Netherlands-based exploration and production player ONE-Dyas. Under a contract secured at the beginning of 2023, Allseas was in charge of the transport

about 1 year ago