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Business & Finance

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Load out and sail away of the N05-A topside and jacket; Source: HSM Offshore
Business & Finance

Heerema’s barge hauls topside and jacket from Dutch yard for installation at North Sea gas field (Video)

Heerema Marine Contractors (HMC) is in the process of transporting the topside and jacket to their designated site in the North Sea, where the installation activities will take place at a gas field, operated by One-Dyas.

about 2 years ago
Nemo Link interconnector; Source: NLL
Business & Finance
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Over $86 million to be split between UK and Belgium consumers as 1 GW subsea interconnector’s ‘remarkable’ revenues exceed Ofgem’s cap

An interconnector between the UK and Belgium, which is the first subsea electricity cable link to be regulated under the cap and floor regime set by the UK’s regulator Office of Gas and Electricity Markets (Ofgem) to spur further interconnector developments, will be giving back more than $43 million

about 2 years ago
The National Subsea Centre in Aberdeen. Credit: RGU
Business & Finance

Taking subsea research and tech to new level with UK duo’s marine domain partnership

The National Subsea Centre (NSC), an Aberdeen-based center for subsea research and technology development, has partnered with NOC Innovations, a Southampton-based facility doing innovative marine research, to bring together specialist researchers, engineers, and scientists, forming a community dedic

about 2 years ago
CPLP cleared to shift focus to LNG carriers and energy transition business
Business & Finance

CPLP cleared to shift focus to LNG carriers and energy transition business

CPLP has secured approval of corporate conversion and name change as it plans strategic pivot to the LNG and energy transition business.

about 2 years ago
Shell's Appomattox platform in Gulf of Mexico; Source: Shell
Business & Finance

Shell hands out multi-year commissioning assignment to Kent across oil & gas and new energy projects

Shell has hired Kent on a global long-term enterprise framework agreement (EFA) for commissioning and start-up services (CSU) across various onshore and offshore projects.

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

BP to acquire 49% stake in Hyport Duqm green hydrogen project in Oman

DEME and OQ have reached an agreement to have BP as an equity partner and operator in the Hyport Duqm green hydrogen project.

about 2 years ago
VARD's newbuild 962 CLV leaves Romania and sets sail to Norway; Source: VARD
Business & Finance

VARD’s new cable-laying vessel making its way to Norwegian waters (Video)

VARD is looking forward to welcoming to Norway a cable-laying vessel (CLV) it is constructing for Denmark’s subsea specialist NCT Offshore.

about 2 years ago
CSV Edda Freya; Source: DeepOcean
Business & Finance

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)

DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

about 2 years ago
Modelling CO2 injection; Source: Kongsberg Digital
Business & Finance

Canadian integrated CCS solution enhancing North Sea carbon storage project

Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

about 2 years ago
Argus project; Source: north.io
Business & Finance

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way

Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

13 minutes read
Wearable device; Source: Salunda
Business & Finance

BP handpicks red zone monitoring tech for North Sea well intervention ops

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

about 2 years ago
Cable burial campaign delivered for Nexans; Source: OEG Renewables
Business & Finance

Nexans keeps weaving its subsea web of renewables as cable burial ops wrap up at UK offshore wind farm

With a new turnkey cable burial campaign out of the way, Nexans continues interlacing new renewable energy threads into its underwater green power network.

about 2 years ago
Canada to support clean hydrogen trade with Germany with up to $300 million
Business & Finance

Canada to support clean hydrogen trade with Germany with up to $300 million

Canada will commit up to $300 million to ensure the development of a transatlantic hydrogen trade corridor with Germany.

about 2 years ago
Illustration/NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Business & Finance

WES picks second round of Direct Generation Concept Design Competition winners

Wave Energy Scotland (WES) has granted £400,000 (approximately $514k) to be shared between two projects in the second round of the Direct Generation Concept Design Competition.

about 2 years ago