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Business & Finance

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European
Business & Finance

ESPO study: European ports in need of €80 billion investment by 2034

European ports will need multi-billion euro investments in the next decade in order to be fit for the future, a new study found.

about 2 years ago
FSRU Excelsior; Source: Excelerate
Business & Finance

Germany’s LNG terminal operator turns to KN Energies for work at Wilhelmshaven 2

KN Energies has widened its footprint in Germany with its first deal to provide technical operation and maintenance services to an LNG terminal in the country.

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about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

With third and final license batch, 82 awards put forward so far in UK’s 33rd oil & gas round

The NSTA has offered 31 more licenses across 88 blocks/part blocks in the most recent phase of Britain’s 33rd oil and gas licensing round.

about 2 years ago
Illustration; Source: SSEN Transmission
Business & Finance

UK setting the stage for construction of $5 billion subsea green electricity superhighway in autumn

The development of an HVDC cable connection, which is said to be the longest ever built in Great Britain, is moving forward, with the construction works slated to kick off this autumn.

about 2 years ago
Brage platform; Source: OKEA
Business & Finance

North Sea operator unveils $571 million investment in oil & gas field

OKEA has handed over a plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway.

about 2 years ago
Illustration; Source: Unique Group
Business & Finance

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago
Hejre jacket; Source: Apollo
Business & Finance

UK player snaps up multimillion-dollar job on North Sea oil project

Apollo has been hired on a project management consultancy (PMC) contract, enabling it to work on a partially developed oil field in the North Sea.

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

Chouest’s subsea fleet offering grows to over 100 ROVs and 6 AUVs with acquisition of UK firm

Chouest Group has bought ROVOP, an Aberdeen-based remotely operated vehicle (ROV) company, to widen its subsea capabilities.

about 2 years ago
European Commission grants €720 million to renewable hydrogen projects
Business & Finance

European Commission grants €720 million to renewable hydrogen projects

European Commission has awarded nearly €720 million to seven renewable hydrogen projects, selected through the bidding process under the European Hydrogen Bank.

about 2 years ago
NHPC signs a memorandum of understanding (MoU) with Ocean Sun to implement floating solar power tech.
Business & Finance

Ocean Sun forges partnership with Indian company to deploy floating solar tech

Signed on 29 April 2024, this MoU aims to explore primary areas of partnership concerning Ocean Sun’s floating solar energy technology, which utilizes photovoltaic (PV) panels installed on hydro-elastic membranes at suitable locations identified by NHPC.

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

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago
FSRU Independence; Source: KN Energies
Business & Finance

FSRU embarks on voyage to Denmark for drydock inspection

KN Energies (KN) has confirmed the departure of an FSRU to Denmark, where an inspection and repair is planned to be carried out in the dry dock.

about 2 years ago
New ESCV will run on green methanol and batteries and will be the first vessel to perform heavy construction work in both offshore wind and subsea with net zero emissions; Source: REM Offshore
Business & Finance

New methanol-ready subsea construction vessel to sport Corvus’ energy storage system

Corvus Energy has been picked to provide energy storage systems (ESS) for a new energy subsea construction vessel (ESCV), which will be built for REM Offshore.

about 2 years ago
Bay du Nord FPSO development concept; Source: Equinor
Business & Finance

Subsea7 and OneSubsea hired to work on Wisting and Bay du Nord oil projects

Subsea Integration Alliance, comprising OneSubsea and Subsea7, has won a long-term strategic agreement with Equinor.

about 2 years ago