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Factory acceptance testing tick for Norwegian long-range AUV

Business & Finance

Factory acceptance testing wraps up for Norwegian long-range AUV

Norway’s Kongsberg Discovery has completed factory acceptance testing for the first production system of its long-range autonomous underwater vehicle (AUV) HUGIN Endurance. Sea trials for the first production unit began in September 2023, and over the last months, the Kongsberg Discovery Uncrewed Pl

about 2 years ago

Business & Finance

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

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Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago

Business & Finance

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago

Business & Finance

Uniper and Salzgitter ink preliminary hydrogen supply deal

German companies Uniper and Salzgitter have signed a pre-contract for the supply and purchase of green hydrogen.

about 2 years ago

Business & Finance

After LS Cable & System, Hellenic Cables gets financial push for US cable factory

Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland

about 2 years ago

Business & Finance

Mocean Energy’s wave energy converter back to shore after 12-month offshore testing

Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.

about 2 years ago

Business & Finance

Fugro’s self-elevating platform moves to Japan to pursue geotechnical work

Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi

about 2 years ago

Business & Finance

Vår Energi’s intra-group merger approaching the finish line

Vår Energi has approved the plan for the recently announced intra-group merger with its wholly-owned subsidiary Vår Energi Norge.

about 2 years ago

Business & Finance

‘World-first’ eco-friendly cable protection system deployed offshore Scotland

What is said to be the world’s first eco-friendly cable protection system has been deployed at sea, The Crown Estate, UK seabed manager, reported. The UK’s Crown Estate announced that earlier this month the world’s first carbon-neutral and plastic-free cable protection was deployed off the coast of

about 2 years ago

Business & Finance

Balticconnector gas pipeline back in operation following six-month shut-down

The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec

about 2 years ago

Business & Finance

Equinor and Nexans extend long-term relationship with four-year agreement

Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that

about 2 years ago

SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore

Business & Finance

SBM Offshore gets its hands on $250 million FPSO construction loan

Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

about 2 years ago

Business & Finance

JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields

JGC Holdings has decided to invest in AP Ventures Fund III to enhance its competitiveness in the exploration of technologies in the fields of hydrogen, ammonia and CCUS.

about 2 years ago

Business & Finance

Topsoe to build electrolyzer factory for clean hydrogen in US

Topsoe has chosen Virginia, U.S., to build a new factory that will manufacture SOECs for the production of clean hydrogen and derivatives like eAmmonia and eMethanol.

about 2 years ago