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Business & Finance

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US firm orders first subsea-tracked trenching vehicle to back offshore wind work
Business & Finance

US firm orders subsea-tracked trenching vehicle to back offshore wind work

U.S. cable installation contractor Caldwell Marine International (CMI) has placed an order with Royal IHC Offshore Energy for a subsea-tracked trenching vehicle, expected to support its future work in the U.S. offshore wind sector. The scope of the contract award includes the new Amphibious Hi-Traq

about 3 years ago
Wallem
Business & Finance

Wallem appoints John Rowley as new CEO

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The CEO of Wallem Group John-Kaare Aune is stepping down from his role following a transitional period, culminating in his departure in January 2024. Aune’s journey with Wallem commenced in 2019 when he assumed the role of Managing Director, Shipmanagement. Subsequently, in January 2021, he ascended

about 3 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 3 years ago
Wood Mackenzie
Business & Finance

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 3 years ago
Jan De Nul puts world's first all-electric launch and recovery system to test
Business & Finance

Jan De Nul puts world’s first all-electric launch and recovery system to test

MacArtney has delivered what it says is the world’s first all-electric launch and recovery system (eLARS) to Jan De Nul, supporting the company’s dedication to a sustainable energy transition. Jan De Nul utilized the eLARS on its offshore support vessel Symphony and the new cable trencher Swordfish.

about 3 years ago
Euronav
Business & Finance

Euronav lifts option for ammonia-ready VLCC

Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The constr

about 3 years ago
Anchoring solutions provider selected for Ørsted's USVs
Business & Finance

Anchoring solutions provider selected for Ørsted’s USVs

Anchoring solutions specialist Maxwell Marine has won a contract to design and supply a technical anchoring system for uncrewed surface vessels (USVs) for the world’s leading offshore wind developer Ørsted. The USVs will be used for offshore met-ocean measurement campaigns in the wind farm industry

about 3 years ago
EU backs Dutch hydrogen innovator Battolyser Systems with €40 million
Business & Finance

EU backs Dutch hydrogen innovator Battolyser Systems with €40 million

Supported by a guarantee from the InvestEU Fund, the European Investment Bank (EIB) has signed a €40 million financing deal with Dutch hydrogen innovator Battolyser Systems. According to EIB, the financing will enable Battolyser to scale its production facility in Rotterdam towards mass production o

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

As UK’s offshore oil & gas industry slashes emissions, low-carbon era inches closer

OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.

about 3 years ago
Illustration; Source: DNV
Business & Finance

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 3 years ago
Greek TSO takes over the baton for EuroAsia Interconnector
Business & Finance

Greek TSO takes over the baton for EuroAsia Interconnector

EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that

about 3 years ago
Public consultation dates set for second Italy-Greece interconnector
Business & Finance

Public consultation dates set for second Italy-Greece interconnector

Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will i

about 3 years ago
Damen
Business & Finance

Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen

The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europ

about 3 years ago
Illustration/Havkraft’s CEO Geir Arne Solheim on a ‘Powerpier’ equipped with wave energy units (Courtesy of Havkraft)
Business & Finance

Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions

Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.

about 3 years ago