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Business & Finance

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First step taken toward development of cable factory in Maryland
Business & Finance

Hellenic Cables lands inter-array deal for US offshore wind project

Greece’s Hellenic Cables, the cable segment of Cenergy Holdings, has signed a partnership agreement with Leading Light Wind, one of the largest offshore wind farms in the U.S., to supply some of the project’s inter-array cables. Under the agreement, Hellenic Cables will supply 65 kilometers of 132 k

about 2 years ago
The UK’s National Oceanography Center (NOC) has secured £41.4 million (around $53.7) from the Natural Environment Research Council (NERC), as part of a total of £101 million investment.
Business & Finance
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National Oceanography Centre wins nearly $54M funding for marine and climate research

The UK’s National Oceanography Centre (NOC) has secured £41.4 million (around $53.7) from the Natural Environment Research Council (NERC), as part of a total of £101 million investment. According to the UK Research and Innovation (UKRI), funding has been awarded to the center to deliver the Atlantic

about 2 years ago
Illustration; Source: IPTO
Business & Finance

Prysmian, Nexans, and Fulgor to submit final offers in submarine power cable battle for Greek interconnectors

Prysmian, Nexans, and Fulgor are being invited to provide their final offers for the tender process for submarine alternating current (AC) cables destined for Aegean Islands interconnectors.

about 2 years ago
A large vessel at sea
Business & Finance

Egyptian LNG coming to freshly opened Greek FSRU terminal

Greek energy investment firm Copelouzos Group has formed a strategic partnership with Egypt’s state-owned gas player, Egyptian Natural Gas Holding Company (EGAS), to transport the latter’s liquified natural gas (LNG) through the recently opened floating storage regasification unit (FSRU) terminal in

about 2 years ago
AWS Ocean Energy’s Waveswing installed offshore Orkney (Courtesy of EMEC)
Business & Finance

EMEC unlocks access to UK research funding

The Orkney-based European Marine Energy Centre (EMEC) has secured independent research organization (IRO) status from UK Research and Innovation (UKRI), a public sector organization that supports the research and innovation system. This status enables EMEC to compete for research grants from the UK

about 2 years ago
Illustration; Source: Energinet
Business & Finance

Nordic TSO quartet takes steps to bolster security cooperation

Four transmission system operators (TSOs) of the Nordic region have decided to take measures into their own hands and strengthen their cooperation amid rising geopolitical tensions and ongoing Russia-Ukraine and Israel-Gaza conflicts.

about 2 years ago
Sullom Voe Terminal; Source: Veri Energy
Business & Finance

Trio enriches offshore electrification of oil & gas assets in UK and Norway with carbon capture

Three players have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.

about 2 years ago
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Business & Finance

CorPower Ocean locks €32M funding to scale wave energy commercialization

Swedish company CorPower Ocean has secured €32 million in Series B1 funding to advance the commercialization of its wave energy technology, marking a step towards making wave power a mainstream, bankable energy source. This latest investment round, the largest single investment into CorPower’s techn

about 2 years ago
18 companies unite for joint industry partnership to accelerate CCUS projects
Business & Finance

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 2 years ago
Woodside delisting from London Stock Exchange
Business & Finance

Woodside delisting from London Stock Exchange

After having reviewed its current listing structure, Australian energy giant Woodside Energy has decided to delist from the London Stock Exchange (LSE), a move set to reduce the company’s administration costs. Woodside, noting that its trading volumes on the LSE are low, has applied to the UK Financ

about 2 years ago
A rig near the coast
Business & Finance

Northern Ocean using well-control solution to enhance 6th-gen semi-sub duo

Oslo Stock Exchange-listed offshore drilling contractor Northern Ocean has signed a letter of intent (LOI) with Texas-based provider of wellhead and pressure control equipment, Kinetic Pressure Control, to install the latter’s technology on its two rigs.

about 2 years ago
Emirati vessel provider wins contract in European offshore wind sector
Business & Finance

GMS wins vessel contract in European offshore wind sector

Gulf Marine Services (GMS), a UAE-headquartred provider of self-propelled and self-elevating support vessels for the offshore energy sector, has raised its backlog to $505 million thanks to a new contract in Europe and the extension of two existing ones in the Middle East. GMS reported on October 10

about 2 years ago
Malaysian player adds new country to portfolio with formal takeover of TotalEnergies’ Brunei operations
Business & Finance

Malaysian player adds new country to portfolio with formal takeover of TotalEnergies’ Brunei operations

Malaysia’s independent oil and gas exploration and production (E&P) company Hibiscus Petroleum has wrapped up the acquisition of TotalEnergies EP (Brunei) B.V., the Brunei affiliate of France’s energy giant TotalEnergies.

about 2 years ago
Four 2027-bound LNG carriers to feature tanks designed by France's GTT
Business & Finance

Four 2027-bound LNG carriers to feature tanks designed by France’s GTT

France’s technological containment specialist Gaztransport & Technigaz (GTT) has received respective orders from Korean and Chinese shipyards for tank designs for a total of four new liquefied natural gas (LNG) carriers. In the third quarter of this year, GTT secured an order from its partner Korean

about 2 years ago