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Business & Finance

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Illustration; Source: Prysmian
Business & Finance

Prysmian picks up new electricity interconnection job to link Mallorca with Spain’s mainland power grid

With a letter of award (LoA) in hand, Italy’s cable giant Prysmian is anticipating to pen a formal contract for an energy transmission project by year-end to connect the island of Mallorca with the Spanish mainland.

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

Seapeak turns to Wärtsilä for 16-year optimization of ten LNG vessels

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Wärtsilä has secured a multi-year renewal of its lifecycle agreement with Seapeak Maritime, an independent owner-operator of LNG vessels.

about 2 years ago
Illustration; Source: NATO-L
Business & Finance

World’s ‘most ambitious’ subsea interconnector igniting zest for clean power superhubs: Embracing NATO-L to reinforce energy security bonds between America and Europe

The first-ever interconnection between North America and Western Europe is anticipated to enable a new dawn to brake over energy security across the Atlantic.

about 2 years ago
Illustration; Source: Trillion Energy
Business & Finance

End of perforation ops at Black Sea field spurs hopes for higher gas output post-tubing installation

Following perforation ops, Trillion Energy is anticipating a ramp-up in gas production once it wraps up the installation of velocity strings.

about 2 years ago
Illustration of the factory in Karlskrona, Sweden, with the three extrusion towers; Source: NKT
Business & Finance

NKT embarks on construction of new addition for big high-voltage offshore power cable factory

NKT has begun works on a new cable extrusion tower for a power cable factory in Karlskrona, Sweden, which is expected to be the world’s largest high-voltage offshore power cable factory upon completion.

about 2 years ago
Illustration of Magallanes Renovables tidal stream device. Source: UK Marine Energy Council
Business & Finance

UK increases tidal stream ringfence budget

The Marine Energy Council (MEC) welcomed the increase, which is expected to contract an additional 25 MW of tidal stream capacity to the UK’s deployment pipeline.

about 2 years ago
Clipper platform in the North Sea; Source: Viaro Energy
Business & Finance

Shell and ExxonMobil downsize North Sea portfolio enabling British firm to snap up giant gas-producing assets in UK

Viaro Energy is expanding its gas footprint by taking over a 100% working interest in the UK Southern North Sea assets from Shell and ExxonMobil.

about 2 years ago
The UK Marine Energy Council (MEC)'s five key asks
Business & Finance

MEC hails Great British Energy, Crown Estate partnership

This partnership is set to support early site development, speeding up marine energy deployment and creating a pipeline of projects for future renewable auctions.

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

Saipem and Curtiss-Wright enrich subsea playbook with new all-electric tool to prolong oil & gas assets’ life

Saipem has pooled resources with Curtiss-Wright to bring into play an all-electric seabed barrier fluid-less pump, marking a new milestone for the subsea applications toolbox.

about 2 years ago
EU flag; Source: Council of Europe
Business & Finance

EU approves two Dutch renewable hydrogen measures

European Commission has approved a €998 million Dutch scheme to support the production of renewable hydrogen, as well as an €80 million measure to support Djewels, a subsidiary of HyCC, in the demonstration of a hydrogen production technology.

about 2 years ago
CETO Wave Energy Ireland (CWEI) has secured funding to participate in the MEGA WAVE PTO project, funded by Horizon Europe.
Business & Finance

CETO Wave Energy Ireland wins EU-backing for wave energy project

CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has secured funding to participate as an industry partner/wave energy technology representative in the Modular Electrical Generator PTO system for wave (MEGA WAVE PTO) project, funded by Horizon Europe.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Shell spins the drill bit in North Sea with Valaris rig

Shell has embarked on drilling operations at a high-impact gas prospect in the UK sector of the North Sea with a jack-up rig, owned by Valaris.

about 2 years ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP gives multimillion-dollar job on North Sea oil & gas project to Subsea7 and OneSubsea

Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7, will handle work at BP’s subsea tie-back in the North Sea.

about 2 years ago
TenneT extends collaboration with Intertek for North Sea offshore wind grid connections
Business & Finance

TenneT extends collaboration with Intertek for North Sea offshore wind grid connections

UK-headquartered Intertek has been re-appointed by the Dutch-German transmission system operator (TSO), TenneT, to provide long-term client representation services in support of North Sea offshore wind grid connections. Intertek Metoc has been selected for the full framework contract scope that incl

about 2 years ago