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Business & Finance

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Floatel Superior; Source: Floatel International
Business & Finance

Floatel vessel finds work with Norwegian oil & gas giant

Floatel International has won a new contract and secured an optional one for a semi-submersible support vessel off the coast of Norway.

about 2 years ago
Shell worker in the uniform
Business & Finance

New milestone for Shell thanks to its ‘longest’ USV deployment foray for pipeline route survey

The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Britain’s energy giant Shell, has launched an uncrewed surface vessel (USV) for a pipeline route survey in the Niger Delta. According to the company, the USV innovation offers time and cost savings while minimizing personnel

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

Prysmian, Hitachi Energy, and BAM pen deals for UK’s ‘largest’ subsea green electricity superhighway

Prysmian, Hitachi Energy, and BAM have inked contracts for cable and converter stations destined for a HVDC cable connection in the UK.

about 2 years ago
Illustration; Source: National Grid
Business & Finance

Harnessing North Sea power for net zero future with provisional green light for two UK subsea cable links to Europe

Ofgem has recommended for approval plans for two high-voltage cable links to Europe, which have the potential to power millions of homes.

about 2 years ago
SolarDuck and the world's largest offshore floating solar power plant
Business & Finance

Project to develop world’s largest offshore floating solar power plant takes off

The consortium behind the Nautical SUNRISE project has started work to develop the world’s largest offshore floating solar power installation. The €8.4 million project, supported by €6.8 million of the Horizon Europe program, started in December 2023 to execute research and development on offshore f

about 2 years ago
Veer
Business & Finance

Veer to pick shipyard for first 100% zero-emission ocean-going boxship

The Bahamas-based maritime startup Veer is one step closer to deploying the first clean containership to cross an ocean as it will soon select a shipyard to commence the construction process.

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

NKT put in charge of monitoring 50Hertz’s onshore and offshore power cable systems

NKT has been hired on a framework agreement to provide cable monitoring solutions for 50Hertz’s existing and future cable systems.

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Business & Finance

Yara to receive green ammonia from Oman under new deal with ACME

Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th

about 2 years ago
ALP Winger; Source: ALP Maritime
Business & Finance

Altera offloads towage business to focus on FPSO, shuttle tanker, and CCS ops

Altera Infrastructure has disposed of ALP Maritime Group, a Dutch provider of ocean towing, offshore positioning and mooring of floating platforms, heavy transport, and salvage operations.

about 2 years ago
Submarine cable installation of EstLink 2 in November 2012 in Finland; Source: Fingrid
Business & Finance

Cable fault site found but Finland-Estonia electricity interconnection months away from coming back online

Elering has confirmed the detection of the fault location in Estonia and the duration of the out-of-service period for EstLink 2.

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

Update: Flights cleared for takeoff after suspension due to tragic helicopter crash

Following suspension due to a helicopter crash, all the companies have now made up their minds to resume their flights, according to Equinor.

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

With natural gas in high demand, Shell forecasts global LNG growth will top 50% by 2040

Shell has revealed its latest outlook on the global demand for LNG, predicting a rise in demand of more than 50% by 2040.

about 2 years ago
KfW IPEX
Business & Finance

KfW IPEX finances first climate-neutral terminal based on hydrogen

Germany’s KfW IPEX-Bank is providing financing for the new Duisburg Gateway Terminal (DGT), described as Europe’s first fully climate-neutral terminal using hydrogen technology and the first one to be intelligently networked.

about 2 years ago
Transocean Norge; Source: Transocean
Business & Finance

Appraisal of gas/condensate discovery boosts resource estimate

Wintershall Dea has drilled an appraisal well, which led to a minor increase in the resource estimate for a gas/condensate discovery in the Norwegian Sea.

about 2 years ago