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UK government backs EMEC's growth with £3 million

Business & Finance

EMEC seeks partners and collaborators for clean energy innovations

The Orkney-based European Marine Energy Centre (EMEC) has unveiled a search for collaborators and partners under the 2024 Clean Energy Transition Partnership (CETPartnership) joint call, co-funded by the European Union and Scottish Enterprise. Aimed at advancing clean energy solutions, this call in

about 1 year ago

Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling

Business & Finance

North Sea drilling leads to another oil & gas discovery where 12 more sprung up since 2018

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Equinor has made a new oil and gas discovery in the North Sea off the coast of Norway, using one of the semi-submersible rigs owned by Odfjell Drilling.

about 1 year ago

An offshore platform with several smaller vessels around it

Business & Finance

Axess helping Floatel cut emissions and costs across assets

Axess Group has signed a long-term frame agreement with the provider of offshore accommodation vessels Floatel International aimed at delivering cost savings and reducing carbon footprint in the latter’s operations.

about 1 year ago

Business & Finance

TechnipFMC wins contract worth over $1 billion for recently sanctioned oil project in Suriname

UK-headquartered energy technology provider TechnipFMC has secured a contract it describes as major for an oil project offshore Suriname for which France’s TotalEnergies recently reached the final investment decision (FID). TechnipFMC has been awarded an integrated engineering, procurement, construc

about 1 year ago

Business & Finance

TGS wins contract in Europe for 2025 summer season

Norway-based energy data and intelligence company TGS has secured its first 3D streamer contract for the 2025 summer season, set to be performed in Northwest Europe. According to TGS CEO Kristian Johansen, the company is experiencing higher bidding activity for this region compared to recent years,

about 1 year ago

PSV undergoing upgrades completes its first geotechnical project

Business & Finance

PSV undergoing refit completes its first geotechnical project

Ross Offshore, part of ABL Group’s AGR, has performed the first geotechnical project with Ross Eagle, following the completion of the first phase of upgrades on the vessel that was built as a platform supply vessel (PSV). Owned by Eagle Offshore Bømlo, the 2003-built Ross Eagle was constructed at Br

about 1 year ago

Business & Finance

Proteus Marine Renewables hits Crowdcube funding target for its tidal energy tech

UK-based tidal energy company Proteus Marine Renewables (PMR) has met its funding target on the Crowdcube platform, securing new capital to advance its tidal energy projects worldwide. In September, PMR launched its Crowdcube campaign as part of a broader commercialization strategy for its tidal ene

about 1 year ago

Business & Finance

Shell emerges victorious from battle to overturn ruling in historic climate litigation case

Shell, now headquartered in the UK and not the Netherlands as was the case during the original ruling, has welcomed its new legal win, which overturns the decision that ordered the energy giant to step up its carbon emissions reduction game.

about 1 year ago

Business & Finance

Orkney Islands step closer to mainland connection as substation works start

SSEN Transmission has broken ground on a new electricity substation that is part of the subsea link that will connect the Orkney Islands to the UK mainland for the first time. The start of work at the Finstown Substation is said to mark a major step forward for the Orkney-Caithness 220 kV Subsea Lin

about 1 year ago

Business & Finance

DOF secures additional 150 days in APAC region

Norwegian vessel owner DOF Group is set to spend 150 days in the Asia–Pacific (APAC) region in 2025 as part of an inspection, maintenance, and repair (IMR) and associated subsea services contract award. The scope includes project management, engineering, logistics support and all related subsea acti

about 1 year ago

Business & Finance

With sustainability in mind, Port of Rotterdam sets tariffs for next 3 years

In line with its goal to become carbon-neutral by 2050, the Dutch Port of Rotterdam Authority has set the port’s tariffs for the next three years, placing special emphasis on sustainability.

about 1 year ago

Business & Finance

Great Britain approves five undersea energy links, two being its first offshore hybrid assets

Great Britain’s energy market regulator Ofgem has approved five new undersea energy links, with two creating Great Britain’s first-ever offshore hybrid assets (OHAs), all expected to be operational by the end of 2032. The approved OHA projects include the up to 1.8 GW LionLink, which will connect Du

about 1 year ago

Business & Finance

‘Largest ever’ vessel-based UK North Sea decommissioning campaign wraps up, Mermaid Subsea reports

Mermaid Subsea Services (UK) has performed what it says is the largest vessel-based UK North Sea decommissioning campaign ever. The project included the plugging and abandonment (P&A) of 21 wells spread across the Northern and Central North Sea over a duration of two years, carried out on behalf of

about 1 year ago

Business & Finance

BAR Technologies taps WindWaves to manufacture new 20-24m WindWings

Wind propulsion developer BAR Technologies (BAR) and WindWaves, Nervion Naval Offshore (Nervion), have expanded their partnership with a new agreement for manufacturing BAR’s new 20 and 24-meter WindWings. The deal will see the offshore wind platforms pioneer WindWaves manufacture, sell, and deliver

about 1 year ago