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Business & Finance

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Wave data campaign in Martinique paves the way for wave energy pilot
Business & Finance

Wave data campaign in Martinique paves the way for wave energy pilot

A one-year wave data campaign has commenced in the Caribbean island of Martinique to gather information that will chart the path for the development of a pilot wave energy project. Danish wave energy company Wavepiston entered into an agreement in 2023 with French firm YS Energies Marines Developpem

about 5 months ago
FPSO Catcher; Source: BW Offshore
Business & Finance

BW Offshore’s FPSO staying until 2030’s end at North Sea field

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Oslo-headquartered BW Offshore has made arrangements to keep its floating production, storage, and offloading (FPSO) vessel occupied until the end of the current decade at its ongoing assignment in the North Sea on the UK Continental Shelf (UKCS).

about 5 months ago
Andrew McKeran, Chief Growth Officer at Lloyd’s Register; Loy Wee Meng, Senior Product Manager of Wison New Energies FPSO Product Center; and Li Chaoyan, President of Americas at Wison New Energies; C
Business & Finance

Wison New Energies’ internal turret FPSO design wins endorsment from Lloyd’s Register

UK-based classification society Lloyd’s Register (LR) has given its blessing to China-based provider of clean energy services Wison New Energies (WNE) for a new harsh environment floating production, storage, and offloading (FPSO) design featuring an internal turret mooring system.

about 5 months ago
Olympic Subsea’s methanol-ready vessel duo enters construction
Business & Finance

Olympic Subsea’s methanol-ready vessel duo enters construction

The CMHI shipyard in Shenzhen, China, has begun the construction of two methanol-ready dual-fuel multipurpose subsea vessels for Norway’s Olympic Subsea. Olympic Subsea reported that earlier in April the keel laying for the first vessel and the first steel cutting for the second vessel took place at

about 5 months ago
COSL Innovator rig; Source: COSL
Business & Finance

North Sea wildcat on COSL rig’s drilling agenda for June

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 5 months ago
Port of Blyth unveils GBP 100 million expansion linking to JDR cable factory
Business & Finance

Port of Blyth unveils GBP 100 million expansion linking to JDR cable factory

Port of Blyth has launched an expansion project to support the UK offshore wind sector, with the proposed Battleship Wharf Expansion scheme representing an investment of up to GBP 100 million (approximately €116 million). The planned upgrades to the port’s marine and terminal infrastructure aim to e

about 5 months ago
NKT’s German cable accessories site becomes its first zero-carbon factory
Business & Finance

NKT’s German cable accessories site becomes its first zero-carbon factory

NKT’s medium‑voltage cable accessories site in Nordenham, Germany, has become its first zero-carbon factory as part of the Danish firm’s goal of achieving complete zero-emission operations across all sites. The factory has reached this goal by phasing out natural gas, now operating with zero carbon

about 5 months ago
COSL Innovator rig; Source: COSL
Business & Finance

Seal of approval for North Sea oil & gas exploration with COSL rig on drilling duty

Norwegian state-owned energy giant Equinor has received authorization from the country’s authorities to embark on exploration drilling activities with one of COSL Drilling Europe’s semi-submersible rigs in the North Sea off the coast of Norway.

about 5 months ago
Kommandor Susan
Business & Finance

Substitute engine parts cause of fire on board UK survey vessel, report says

The diesel generator engine failure that sparked an engine room fire and total power blackout on board the UK-flagged site investigation vessel Kommandor Susan in January 2025 was caused by substitute engine components installed during a 2019 overhaul, the investigation report issued by the UK gover

about 5 months ago
Second ORESA innovation call for offshore energy solutions closing on May 8
Business & Finance

Second ORESA innovation call for offshore energy solutions closing on May 8

Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sector to apply for its second innovation call. This 2nd Innova

about 5 months ago
Turkish shipyard delivers 100-meter cable lay vessel to Norway
Business & Finance

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian Agalas has taken delivery of a cable laying support (CLSV) and light construction vessel built in Türkiye that will operate with compatriot offshore contractor Cecon Contracting. Cecon Vigor was launched at the Sefine Shipyard in April 2025 and, following delivery to Agalas yesterday, May

about 5 months ago
MESH and existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

New gas storage license on the horizon for UK’s integrated energy storage project

England-based energy transition-focused player EnergyPathways is awaiting the award of a gas storage license (GSL) from the North Sea Transition Authority (NSTA) in connection with the firm’s flagship energy storage project off the Cumbria coast in the East Irish Sea.

about 5 months ago
Hybrid flexible pipe for ultra-deepwater to hit the market in 2028
Business & Finance

Hybrid flexible pipe for ultra-deepwater to hit the market in 2028

Energy technology company Baker Hughes and Dutch thermoplastic composite pipe (TCP) manufacturer Strohm are developing a hybrid flexible pipe (HFP) for ultradeepwater risers and flowline applications that will be half as heavy as a conventional flexible pipe. Under an inked memorandum of understandi

about 5 months ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business & Finance

Valaris’ batch of rig deals lifts total contract backlog to $4.9 billion

Bermuda-incorporated offshore drilling contractor Valaris has secured new rig assignments and contract extensions in Brazil, Brunei, Indonesia, and the UK and Dutch sectors of the North Sea.

about 5 months ago