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Illustration; Source: Samsung Engineering

Business & Finance

Samsung Engineering and Malaysian firm set on lending each other a helping hand in global tenders

The duo is combining forces for participation in worldwide tendering activity, which entails EPC projects in the oil and gas arena.

about 2 years ago

Business & Finance

Varma invests in green transformation of ESL Shipping

Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.

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about 2 years ago

Business & Finance

Germany and Algeria boost cooperation with new hydrogen pact

Germany and Algeria have signed a declaration of intent to establish a bilateral hydrogen task force as part of their energy partnership. Furthermore, there are plans for a hydrogen pilot plant installation. According to the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the

about 2 years ago

Business & Finance

Shell’s new projects benefiting from ABL’s ‘one-stop solution’ for asset management

Shell is set on employing a cloud-based master data build and optimization software from ABL across various new projects to achieve asset management efficiencies.

about 2 years ago

Business & Finance

DNV carries out overhaul of ‘go-to standard’ for oil & gas, subsea, and offshore wind ops

DNV has taken steps to undertake a significant revamp of the standard used for the design and planning of marine operations.

about 2 years ago

Business & Finance

Final piece of European Investment Bank’s €1.9 billion financing puzzle for Italy’s subsea electricity link slides into place

Terna and the European Investment Bank (EIB) have inked a deal for the final tranche of the €1.9 billion financing for the Tyrrhenian Link.

about 2 years ago

Business & Finance

Two Diamond Offshore floaters find more work in Gulf of Mexico and North Sea

Diamond Offshore has secured a new job in the UK sector of the North Sea and a contract extension in the U.S. Gulf of Mexico.

about 2 years ago

ALP Sweeper and Striker vessels; Source: Ocean Installer

Business & Finance

Ocean Installer gets hold of three ‘cutting-edge’ vessels for FPSO towing and hook-up work

As Ocean Installer pools resources with ALP Maritime Services, the collaboration puts three new vessels at its disposal.

about 2 years ago

Business & Finance

Floating solar plant in France’s Isère taking shape

Ciel & Terre has completed the anchoring and is assembling the floating system for the Saint Savin floating solar project in Isère, France. The Saint Savin is an 11 MWp floating solar project being developed by Énerg’isère and EGREGA on a gravel pit. Currently, the team is progressing with the proj

about 2 years ago

EthosEnergy teammates working on a gas turbine; Courtesy of EthosEnergy

Business & Finance

North Sea operator hands out five-year gig for three UK assets to EthosEnergy

Harbour Energy has inked a five-year master service agreement, covering three production assets in the UK North Sea, to EthosEnergy.

about 2 years ago

Business & Finance

Maersk bids farewell to towage unit Svitzer after more than 40 years

Danish shipping and logistics major A.P. Møller – Mærsk A/S (APMM) has decided to initiate the separation of its towage and marine services activities in Svitzer A/S through a demerger.

about 2 years ago

Mariner platform; Credit: Jamie Baikie/Equinor

Business & Finance

Equinor pens deal to enhance working conditions for North Sea workers

Unite the union has inked a recognition deal with Equinor for multiple workers, who are employed on the operator’s offshore facilities in the North Sea.

about 2 years ago

Business & Finance

Minesto receives funding for next-generation mooring system

The Swedish Energy Agency has awarded Minesto with 2.8M SEK (approximately $267,000) to support the development and testing of a mooring system for ocean energy deployment. The grant co-funds a project through which Minesto will advance the performance of the next-generation tether system that moors

about 2 years ago

Business & Finance

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago