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Business & Finance

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CablingInterconnectorsSubseaBusiness Developments & ProjectsInfrastructureOutlook & StrategyProject & TendersTransitionVisionDecommissioningFossil EnergyRigsVesselsAlternative FuelsClean FuelGreen MarineMethanolOther FuelsCollaborationMarket OutlooksFoundationsGridOffshore WindWind FarmsEquipmentTechnologyLiquefied Natural GasLow-Carbon TransitionOil & GasAuthorities & GovernmentEnvironmentExploration & ProductionRegulation & PolicyRules & Regulation
Nexans to link Orkney Islands to Scottish mainland
Business & Finance

Nexans to link Orkney Islands to Scottish mainland

SSEN Transmission has selected Nexans to supply and install the high-voltage cables that will provide a transmission link from the Orkney Islands to the Scottish Highlands. A capacity reservation agreement has been signed and Nexans has committed to reserve manufacturing and installation capacity fo

about 3 years ago
Spirit Energy gives more work to Well-Safe Solutions rig
Business & Finance

Spirit Energy gives more work to Well-Safe Solutions rig

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Aberdeen-based decommissioning services provider Well-Safe Solutions has signed an agreement with Spirit Energy to add a well to the existing scope of the Well-Safe Defender semi-submersible rig. The expanded scope will include a well from the Appleton field located 160 miles east of Dundee, origina

about 3 years ago
Liquid Wind and partners eye ten additional eMethanol facilities by 2027
Business & Finance

Liquid Wind and partners eye ten additional eMethanol facilities by 2027

Swedish electrofuel developer Liquid Wind, through its partnership with Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has revealed plans for developing and marketing ten additional eMethanol facilities in the Nordics by 2027. The newly-announced plans build on the partnership that was initia

about 3 years ago
ESL Shipping
Business & Finance

New investor to help drive ESL Shipping’s green transition

Finnish conglomerate Aspo has attracted a new investor for ESL Shipping to accelerate the green transition of its shipping subsidiary.

about 3 years ago
NAVTOR
Business & Finance

NAVTOR, Voyager Worldwide merge to advance maritime tech industry

NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.

about 3 years ago
Van Oord wins export cable work on Taiwan’s new offshore wind farm
Business & Finance

Van Oord wins export cable work on Taiwan’s new offshore wind farm

Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than €500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, incl

about 3 years ago
Njord
Business & Finance

Njord to install energy-saving tech on another Greenheart vessel

Njord and Greenheart, a subsidiary of Hayfin Capital Management, have added an extra vessel to their partnership.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition

A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.

about 3 years ago
Updated converter station plan for UK-France interconnector gets OK
Business & Finance

Updated converter station plan for UK-France interconnector gets OK

The FAB interconnector that will link Great Britain and France has received updated planning permission for its converter station in the UK. The FAB Project will link the national electricity grids of Great Britain and France with the aim of increasing energy security, equalising electricity prices

about 3 years ago
50Hertz award brings NKT's order backlog to record €11 billion
Business & Finance

50Hertz award brings NKT’s high-voltage order backlog to record €11 billion

Denmark-headquartered cable supplier NKT has reported a new record high-voltage order backlog of €11 billion for the third quarter of 2023, driven by the award of five firm projects under a larger framework agreement with German transmission system operator 50Hertz. In Q3 2023, NKT’s revenues increa

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Vår Energi gearing up to spud two North Sea wells

Vår Energi has secured a drilling permit to spud two wildcat wells in the North Sea, using one of Odfjell Drilling-managed rigs.

about 3 years ago
Ocean GreatWhite at Kishorn Port back in 2019; Source: Kishorn Port
Business & Finance

Diamond Offshore spots signs of ‘strong and lasting upcycle’ as its rigs land new jobs in UK

Diamond Offshore Drilling is optimistic about the future after winning more assignments for its rig fleet in the UK during the third quarter of 2023.

about 3 years ago
Valaris 121 rig; Source: Valaris
Business & Finance

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.

about 3 years ago
Offshore Energies UK (OEUK)
Business & Finance

As UK pledges more oil & gas licensing opportunities, calls emerge to supercharge renewables instead

Britain’s government is putting the wheels into motion to embrace more hydrocarbons with open arms by opening new licensing opportunities to ensure energy security while hoping to unlock more green investments in the process.

about 3 years ago