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Business & Finance

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AHTS Skandi Vega; Source: DOF
Business & Finance

DOF’s 2010-built vessel staying longer with Equinor in Norwegian waters

Norway’s state-owned energy giant Equinor has prolonged an assignment, which is being carried out on the Norwegian Continental Shelf (NCS) by one of the anchor handling tug supply (AHTS) vessels owned by DOF Group, a compatriot operator of a fleet of advanced vessels for the energy and marine sector

about 3 months ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Vår Energi in the clear to fire up sixth chapter of North Sea oil project

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Norway’s oil and gas player Vår Energi has received authorization from the country’s authorities to bring online another segment of an oil project in the North Sea off the coast of Norway.

about 3 months ago
Swedish hybrid ocean energy platform on sea trials in commercialization push
Business & Finance

Swedish hybrid ocean energy platform on sea trials in commercialization push

Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St

about 3 months ago
Rescue mission showing two men being lifted onto a helicopter; Courtesy of CHC Helicopter
Business & Finance

Multimillion-dollar encore extends CHC choppers’ Norwegian oil & gas run until 2030

Norwegian state-owned energy giant Equinor has ensured the continuation of helicopter activity in Central Norway by prolonging CHC Helikopter Service’s flight assignment until the end of the decade.

about 3 months ago
Covelya Group acquisition expands Kraken’s geographic reach
Business & Finance

Covelya Group acquisition expands Kraken’s geographic reach

Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 3 months ago
Höegh Evi and Nord Gas Solutions have validated ammonia-to-hydrogen cracking technology for floating hydrogen terminals; Courtesy of Höegh Evi
Business & Finance

Floating hydrogen terminals edge closer to reality with ammonia cracking tech validation

Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), and Nord Gas Solutions, formerly Wartsila Gas Solutions, have wrapped up the performance testing of their ammonia-to-hydrogen cracking technology for floating hydr

about 3 months ago
Ocean energy can supply 13% of global electricity demand, report says
Business & Finance

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
UK power superhighway first HVDC cable to use 100% recycled copper
Business & Finance

UK power superhighway first HVDC cable to use 100% recycled copper

The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2

about 3 months ago
Ormen Lange development; Source: Shell
Business & Finance

Shell tasks AGR with workforce provision for its ops in Norway

Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, has entrusted AGR, part of the Oslo-listed energy and marine consultancy Aqualis (formerly ABL Group), with the task of supplying the human capital for its onshore and offshore operations in Norway.

about 3 months ago
NKT completes expansion of Danish power cable factory, over 100 new employees join
Business & Finance

NKT completes expansion of Danish power cable factory, over 100 new employees join

Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. The expansion works began in September 2024 and include a new production hall, new

about 3 months ago
Føn Energy Services secures multi-year O&M contract for Polish offshore wind farm
Business & Finance

Føn Energy Services secures multi-year O&M contract for Polish offshore wind farm

Føn Energy Services Poland has signed a long-term, multi-million-euro agreement with the joint venture between Orlen Group and Northland Power to provide integrated operations and maintenance (O&M) services for the 1.2 GW Baltic Power offshore wind farm in the Polish Baltic Sea. Under the agreement,

about 3 months ago
Block 10 map; Source: QatarEnergy
Business & Finance

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

Qatar’s state-owned oil and gas giant QatarEnergy and the U.S.-headquartered energy heavyweight ExxonMobil have inked a commercial discovery declaration for natural gas finds at a block off the coast of Cyprus.

about 3 months ago
DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions
Business & Finance

DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions

Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions. “This Statement of Compliance represents a significant milest

about 3 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has lined up assignments for three of its harsh environment semi-submersible rigs with Norway’s state-owned energy giant Equinor on the Norwegian Continental Shelf (NCS).

about 3 months ago