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Business & Finance

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Submarine cable tender teaser issued for second Malta-Italy interconnector
Business & Finance

Submarine cable tender teaser issued for second Malta-Italy interconnector

InterConnect Malta, owned by the Maltese government, has issued a prior information notice (PIN) for the tender for the manufacture and installation of the submarine cable for the second electrical interconnector between Malta and Italy. The contracting authority plans to issue a tender for the deta

about 2 years ago
Borr Drilling
Business & Finance

Borr Drilling rigs find new jobs in Europe, Southeast Asia, Middle East, and Africa

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Borr Drilling has secured a batch of new contracts, extensions, and potential assignments, for several premium jack-up rigs in its fleet.

about 2 years ago
GEOxyz about to kick off surveys at fourth Eastern Green Link
Business & Finance

GEOxyz about to kick off surveys at fourth Eastern Green Link

Marine environmental surveys and geotechnical surveys are scheduled to begin next month for the fourth high voltage direct current (HVDC) electrical link that is part of the UK’s plans to enhance the electricity network. GEOxyz will carry out the surveys for the Eastern Green Link 4 (EGL4) project u

about 2 years ago
Illustration; Source: Deutsche Energy Terminal (DET)
Business & Finance

Vigilance advised but mild winter serves to lessen concerns over gas supply in Germany

FNB Gas has confirmed the easing of gas supply woes in the winter of 2023/2024 due to mild temperatures and diversification of import routes.

about 2 years ago
NSTA plans to introduce 'user pays' carbon storage levy once market is self-sustainable
Business & Finance

‘User pays’ carbon storage levy to be introduced in UK once market is self-sustainable

The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future, once the carbon capture and storage (CCS) industry begins operating on a more self-sustaining basis. The NSTA ran a call for evidence between December 4, 2023, and

about 2 years ago
DeepOcean performs first-ever subsea dredging operations remotely from shore
Business & Finance

DeepOcean performs first-ever subsea dredging operations remotely from shore

Norway-based ocean services provider DeepOcean has completed subsea dredging operations remotely from shore for the first time ever. This milestone activity was carried out for Norwegian oil and gas player Aker BP. DeepOcean’s remotely operated vehicles (ROVs) onboard the Edda Fauna were utilized fo

about 2 years ago
Minesto has completed dragon 12
Business & Finance

Minesto CEO: Dragon tidal energy technology ready for farm and microgrid deployment

Minesto’s CEO declared commercial readiness for Dragon Class, saying that they are ready for commercial deployment at the right performance levels. The existing offer is provided with a combination of wing size, power take-off (PTO), and tether length.

about 2 years ago
US state fund looking to invest in Greece-Cyprus-Israel interconnector
Business & Finance

US state fund looking to invest in Greece-Cyprus-Israel interconnector

A U.S. state fund has expressed its interest in investing in an interconnection project that will link the electricity grids of Greece, Cyprus and Israel. The U.S. International Development Finance Corporation (DFC) has submitted a letter of intent (LoI) to Greece’s transmission system operator (TSO

about 2 years ago
Illustration; Courtesy of Shell
Business & Finance

Shell takes stock of its net zero journey fueled by $5.6 billion investment in 2023

Shell has funneled $5.6 billion into its energy transition agenda last year while continuing to bankroll oil and gas projects.

about 2 years ago
MiFU onsite; Source: Adaptive Process Solutions (APS)
Business & Finance

UK firm’s new technology pans out in trials on North Sea FPSO

UK-based APS has conducted a field trial of its microbubble infusion unit (MiFU) technology, resulting in lower oil in water (OiW) levels.

about 2 years ago
GTT and Engie invest in gas handling technology developer
Business & Finance

GTT and Engie invest in gas handling technology developer

Investment funds of French companies GTT and Engie have taken part in a €4 million financing round to support the development of compatriot CryoCollect, an engineering company specialized in gas handling technologies for biomethane, carbon dioxide (CO2), and hydrogen.

about 2 years ago
'Dramatic energy savings' on the menu for one of Solstad's largest CSVs
Business & Finance

‘Dramatic energy savings’ on the menu for one of Solstad’s largest CSVs

One of the largest construction support vessels (CSVs) in Solstad Offshore’s fleet is set to receive an energy-efficient upgrade said to allow “dramatic energy savings”. Kongsberg Maritime has been appointed to upgrade the Normand Sentinel from AZP 120 CP mechanical thruster to RD-AZ2600 rim-drive a

about 2 years ago
Asso.subsea comes on board Ireland’s first power connection with continental Europe
Business & Finance

Asso.subsea comes on board Ireland’s first power connection with continental Europe

Greece’s Asso.subsea has joined forces with French cable maker Nexans to perform subsea burial operations for what will become Ireland’s first power connection with continental Europe. The Celtic Interconnector spans 575 kilometers, constituting a high voltage direct current (HVDC) connection across

about 2 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling rig staying in Norway until Q3 2026 with eight new wells added to backlog

Equinor has prolonged the assignment of an Odfjell Drilling-owned semi-submersible rig by adding more wells to the rig’s backlog.

about 2 years ago