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Business & Finance

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New DNV standard for hybrid TCPs targets improved reliability of deepwater projects
Business & Finance

New DNV standard for hybrid TCPs targets improved reliability of deepwater projects

Independent energy expert and assurance provider DNV has released its latest standard for hybrid thermoplastic composite flexible pipes (TCPs) intending to facilitate the integration of innovative technologies, such as carbon fiber armor, into flexible riser designs. DNV’s latest standard, DNV-ST-F2

about 2 years ago
Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
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Business & Finance

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago
Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more
Business & Finance

Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more

Norwegian shipping group Island Offshore has awarded compatriot shipbuilder VARD with a contract to design and construct one hybrid power ocean energy construction vessel (OECV) and has also agreed on an option for two more vessels. In 2020-2021, Island Offshore, whose 19-vessel fleet operates in th

about 2 years ago
Visualization of the future power corridor of Black Sea Oil & Gas (BSOG), Romanian Black Sea
Business & Finance

Romanian oil & gas company plans to build 3 GW of offshore wind in Black Sea

Romania’s independent energy company Black Sea Oil & Gas (BSOG) has completed an offshore wind feasibility study of potential areas in the Romanian sector of the Black Sea. Last year, BSOG and its Midia Gas Development (MGD) partners revealed plans to use their existing MGD infrastructure to connect

about 2 years ago
Dragon LNG
Business & Finance

Shell gets Dutch partner at one of UK’s three LNG terminals

VTTI has put the wheels into motion to join Shell in Dragon LNG, the owner of a major onshore import terminal for the supply of LNG to the UK market.

about 2 years ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

First oil gushes out of $1.2 billion project in North Sea

ConocoPhillips has brought on stream an oil project, which has been tied to one of the fields in the Greater Ekofisk Area in the North Sea.

about 2 years ago
Ruwais; Source: ADNOC
Business & Finance

Germany and UAE bolster natural gas ties as ADNOC strikes third 15-year deal for giant LNG project

Germany’s EnBW has sealed its first liquefied natural gas (LNG) deal in the Middle East by inking a long-term contract with the UAE’s ADNOC.

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

New oil & gas license awards seen as boon to energy security and business confidence across UK’s offshore energy arena

Offshore Energies UK (OEUK) is convinced that the 31 new oil and gas licenses will boost energy security across offshore energy sectors.

about 2 years ago
Boskalis expands range of 2023-commissioned vessel with new fallpipe (Gallery)
Business & Finance

Boskalis expands range of 2023-commissioned vessel with new fallpipe (Photos)

Dutch offshore services provider Boskalis has outfitted its new subsea rock installation vessel with a new inclined fallpipe with the aim of expanding its range. Following its first rock installation project in Australia earlier this year, the Seapiper subsea rock installation vessel was outfitted w

about 2 years ago
James Fisher and Sons bags its first tidal energy project
Business & Finance

James Fisher and Sons bags its first tidal energy project

James Fisher and Sons has secured what it says is its first tidal energy project as part of which it will manage high-voltage equipment and cables at Menter Môn’s Morlais tidal energy substations in the UK. James Fisher and Sons will manage, repair and maintain high-voltage equipment and cables at t

about 2 years ago
Everfuel secures green hydrogen supply deal with German industrial offtaker
Business & Finance

Everfuel secures green hydrogen supply deal with German industrial offtaker

Everfuel signed a letter of intent (LoI) with a German industrial offtaker for the supply of up to 10,000 tons of green hydrogen annually.

about 2 years ago
Vard hires TMC Compressors yet again for Prysmian's cable-layer
Business & Finance

TMC Compressors to deliver equipment for another newbuild Prysmian cable-layer

Norway’s shipbuilder VARD has contracted compatriot TMC Compressors to supply a complete marine compressed air system for a cable-laying vessel (CLV) that it is constructing for Italian cabling giant Prysmian. Under the contract whose value has not been disclosed, TMC will deliver a marine compresse

about 2 years ago
Baker Hughes and CGG in alliance for carbon capture and storage
Business & Finance

Baker Hughes and CGG in alliance for carbon capture and storage

France-based geoscience technology services company CGG and U.S. energy technology company Baker Hughes have signed a memorandum of understanding (MoU) to jointly explore carbon capture and storage (CCS) solutions. CGG said that the collaboration and proposed commercial alliance intends to support t

about 2 years ago
Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)
Business & Finance

137 MW of wave and tidal energy capacity to seek deployment offshore Europe in next five years

Ocean Energy Europe (OEE) has announced that EU funding and domestic revenue support are expected to facilitate the deployment of 137 MW of tidal and wave energy projects over the next five years, following the OEE’s report of the latest statistics about the ocean energy sector.

about 2 years ago