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Business & Finance

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GermanyConstruction begins for €2.8 billion, first-ever energy link to UK
Business & Finance

Germany: Construction begins for €2.8 billion, first-ever energy link to UK

The main construction phase of the first-ever energy link between the UK and Germany has commenced on the German side of the project, ten months after work had begun in the UK. More than 80 guests from politics, business and authorities celebrated the official groundbreaking today, May 21, at the co

about 2 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe’s fleet utilization rate rebounds from last year’s drop in activity

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Norway’s Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during 1Q 2024.

about 2 years ago
Continued EPCI projects growth brings UK subsea player to Paris
Business & Finance

Continued EPCI projects growth brings UK subsea player to Paris

UK-headquartered provider of subsea infrastructure installation and protection Enshore Subsea has opened an office in France to support continued growth in its EPCI Projects division. Located in central Paris, the new office is set to provide a base for the company’s team working on turnkey EPCI pro

about 2 years ago
Urgent political alignment needed for UK to achieve 'just and fair' energy transition by 2030, report finds
Business & Finance

Urgent political alignment needed for UK to achieve ‘just and fair’ energy transition by 2030

The UK will fail to achieve a “just and fair” energy transition by 2030 unless there is urgent alignment across the political spectrum to sustain offshore energy industry jobs, supply chain investments and the economic contribution of the workforce, a new report by Robert Gordon University (RGU) sta

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Türkiye reinforces gas ties with US and Azerbaijan, notches up renewable electricity milestone

In the wake of the BOTAŞ-ExxonMobil LNG deal, Türkiye has taken steps to strengthen its energy bonds with the United States and Azerbaijan.

about 2 years ago
New jobs expected in North East England as Prysmian inks deal with Middlesbrough Port
Business & Finance

New jobs expected in North East England as Prysmian inks deal with Middlesbrough Port

Italian cabling giant Prysmian has established a long-term partnership with Port of Middlesbrough, its northern European marine base, as part of its growth plans, expected to create new jobs in the region. Prysmian, which has been a tenant at Port of Middlesbrough for several years, has signed a ten

about 2 years ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

UK oil & gas firm gets the go-ahead to bring field online as tie-back to North Sea FPSO

Serica Energy has received a stamp of approval to develop its operated field in the North Sea, which will be tied back to an existing FPSO.

about 2 years ago
Ministers from Qatar, the United States, the United Arab Emirates, Saudi Arabia, Canada, and Norway at Net Zero Producers Forum; Source: QatarEnergy
Business & Finance

Net-Zero Producers Forum seeks emission reduction pathways with carbon utilization and storage

The Net Zero Producers Forum has set in motion a new working group to explore and step up technologies for the utilization and storage of carbon dioxide.

about 2 years ago
Jan De Nul orders twin to XL cable-layer Fleeming Jenkin
Business & Finance

Jan De Nul orders twin to XL cable-layer Fleeming Jenkin

Jan De Nul has ordered a new XL cable-laying vessel (CLV), identical to the Fleeming Jenkin ordered at a Chinese shipyard last year. With a cable-carrying capacity of 28,000 tonnes, the vessels are said to be the largest capacity CLVs in the world. Like Fleeming Jenkin, the new vessel will be 215 me

about 2 years ago
GTT backs Energo’s solution for production of low-carbon fuels
Business & Finance

GTT backs Energo’s solution for production of low-carbon fuels

According to GTT, Energo’s solutions can contribute to the decarbonization of maritime transport through the production of low-carbon fuels.

about 2 years ago
Another local firm receives order for Norwegian ‘first of its kind’ energy subsea construction vessel
Business & Finance

Thruster package ordered for ‘first of its kind’ energy subsea construction vessel

Norwegian Myklebust Shipyard has awarded compatriot Brunvoll with a contract to deliver a thruster package for an energy subsea construction vessel (ESCV) it is building for REM Offshore. Brunvoll will deliver a thruster package consisting of two propulsion azimuth thrusters, two retractable azimuth

about 2 years ago
COSL Promoter; Source: COSL Drilling Europe
Business & Finance

COSL Drilling hands out multi-million assignment to Odfjell Technology

The UK’s Odfjell Technology has inked a long-term deal for the provision of tubular running services with COSL Drilling Europe.

about 2 years ago
Three European countries planning to develop hybrid electricity interconnector
Business & Finance

Plan unveiled for Europe’s first hybrid electricity interconnector between three countries

Belgium, Ireland and the UK have signed a joint statement to increase their cooperation on renewables and interconnection opportunities, as well as a letter of agreement on the development of what is said to be Europe’s first planned hybrid electricity interconnector between three countries. The joi

about 2 years ago
New solution recycles free seismic data to help wind farm developers
Business & Finance

New solution recycles free seismic data to help wind farm developers

UK-headquartered Ocean Geophysics has introduced a solution that recycles and reprocesses freely available seismic data with the aim of helping developers reduce cost and risk when deciding which wind farms to bid for. In Europe and Australia, historical seismic data – for example from offshore oil

about 2 years ago