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Business & Finance

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KFW IPEX-Bank
Business & Finance

KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers

Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.

about 2 years ago
Asso.subsea completes cable work at Croatian interconnector (Gallery)
Business & Finance

Asso.subsea completes cable work at Croatian interconnector (Gallery)

Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mal

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about 2 years ago
New Japan-UK partnership eyes green hydrogen and derivatives projects
Business & Finance

New Japan-UK partnership eyes green hydrogen and derivatives projects

J-POWER and Yamna have signed an agreement for the joint development and investment in green hydrogen and derivatives projects globally.

about 2 years ago
Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group with a frame agreement for the supply of supply independent consultancy and third-party verification studies across subsurface, dri
Business & Finance

Petoro awards AGR frame agreement for suite of services

Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group, with a frame agreement for the supply of independent consultancy and third-party verification studies across subsurface, drilling, and wells and field development. Petoro manages a direct financial stake in Norway’s oil and gas in

about 2 years ago
Greek TSO opens tender for submarine power cables
Business & Finance

Greek TSO opens tender for submarine power cables

Greek electricity grid operator Independent Power Transmission Operator (IPTO) has launched a tender for submarine AC cable that would be used for Aegean Islands interconnectors. IPTO has launched the tendering process for the conclusion of a framework agreement regarding submarine AC cable for the

about 2 years ago
Pilot field development plan; Source: Orcadian Energy
Business & Finance

New operator takes the reins at UK’s huge undeveloped field ahead of development plan submission

Orcadian Energy has divested a lion’s share of its interest in a giant undeveloped North Sea field and passed the operatorship baton to Ping Petroleum UK.

about 2 years ago
Dutch 2012-built vessel getting ready for first UXO identification job
Business & Finance

Dutch 2012-built offshore support vessel getting ready for first UXO identification job

The 4-Winds offshore support vessel that recently commenced a long-term charter with Netherlands-headquartered N-Sea is getting ready for its first unexploded ordnance (UXO) identification job. N-Sea reported in November 2023 that it was strengthening its fleet and subsea activities by entering into

about 2 years ago
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Ca
Business & Finance

Oceaneering’s cable manufacturing facility granted Fit 4 Offshore Renewables status

Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho

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

Will Great Britain unlock offshore energy opportunities worth hundreds of billions?

Policymakers have been urged to put supportive policies and competitive taxes in place to enable the UK to seize domestic energy opportunities.

about 2 years ago
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Researc
Business & Finance

UK’s Industrial Doctorate Centre for Offshore Renewable Energy secures $7.5M funding

The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh

about 2 years ago
New guidance to aid North Sea industry in managing CO2 storage sites
Business & Finance

New guidance to aid North Sea industry in managing CO2 storage sites

UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it

about 2 years ago
French firm launches hybrid ROV made for USV applications
Business & Finance

French firm launches hybrid ROV made for USV applications

Paris-headquartered provider of smart remotely operated vehicle (ROV) assets and services Forssea Robotics has introduced its newborn ROV developed for uncrewed surface vessel (USV) integration and shallow water deployments. According to Forssea Robotics, the ARGOS-X ROV has been optimized for offsh

about 2 years ago
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Business & Finance

Owner of largest fleet of Seaeye Falcon ROVs buys five new units

Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors

about 2 years ago
Illustration/CorPower Ocean's wave energy farm (Courtesy of CorPower Ocean)
Business & Finance

CorPower Ocean joins EIC Scaling Club’s community

Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th

about 2 years ago