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Business & Finance

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EnQuest gives out HVAC contract for its UKCS assets
Business & Finance

EnQuest gives out HVAC services contract for its UKCS assets

London Stock Exchange-listed energy player EnQuest has awarded engineering, procurement, and construction (EPC) services provider Nexos, formerly known as Global E&C, with a contract for heating, ventilation, and air conditioning (HVAC) services for its offshore assets on the UK Continental Shelf (U

about 1 year ago
Planning application submitted for 'key element' of Scottish Pathway to 2030 investment program
Business & Finance

Planning application submitted for ‘key element’ of Scottish Pathway to 2030 investment program

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SSEN Transmission has submitted a planning application to Aberdeenshire Council for a hub that will comprise the converter stations of the Spittal to Peterhead and the Eastern Green Link 3 links, among others, seen as a crucial component of the £20 billion Pathway to 2030 investment program in the n

about 1 year ago
A large vessel at sea
Business & Finance

New extension deal paves the way for Flex LNG’s carrier duo to stay with ‘supermajor’ until 2039

Bermuda-headquartered liquefied natural carriers (LNG) shipping company Flex LNG has secured an extension of the time charter (TC) agreements for two tankers from its fleet.

about 1 year ago
Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe
Business & Finance

Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe

Australian energy company Provaris has secured A$1.5 million (around US$985,000) via a share placement to support its priority business developments related to hydrogen and CO2 projects in Europe. The funding, raised through a well-subscribed placement supported by existing and new institutional and

about 1 year ago
Sval Energi exits Norwegian Sea development by selling share to Equinor
Business & Finance

Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 1 year ago
An offshore platform
Business & Finance

Valeura combines Gulf of Thailand assets through corporate restructuring to pursue growth opportunities

Canada-based oil and gas company Valeura Energy has completed an internal restructuring of its Thailand-based subsidiaries, which is expected to optimize the financial and operational aspects of its Thai assets.

about 1 year ago
Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry.
Business & Finance

Marine Energy Wales and National Hydropower Association forge cross-Atlantic partnership to boost marine energy

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry. The agreement seeks to leverage the strengths of each organization to promote industry growth, share expertise,

about 1 year ago
Equinor LS Cable & System
Business & Finance

Equinor, LS Cable & System ink South Korean floating wind agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

about 1 year ago
Seaway Moxie at an offshore wind farm
Business & Finance

Seaway7 wins East Anglia Two inter-array cable contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between $150 million and $300 million, as per Subsea7’s definitio

about 1 year ago
ADNOC-Alpha Dhabi JV buying US downhole visualization company for $45 million
Business & Finance

ADNOC Drilling-Alpha Dhabi JV buying US downhole visualization company for $45 million

A joint venture (JV) of UAE’s ADNOC Drilling and Alpha Dhabi is set to acquire a U.S.-headquartered provider of vision-based diagnostics and analytics services for the oil & gas sector for a consideration of approximately $45 million. The partners’ Enersol JV has agreed to acquire a 100% equity stak

about 1 year ago
Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition
Business & Finance

Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition

Dutch engineering consultancy firm Royal HaskoningDHV has acquired compatriot renewable energy consultancy Pondera to pursue new renewable energy and integrated energy systems projects. Through this acquisition, Royal HaskoningDHV seeks to grow and strengthen its offering from offshore wind generati

about 1 year ago
A vessel at sea
Business & Finance

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.

about 1 year ago
Deltama
Business & Finance

Finnlines readies to pick builder of three new green fueled RoPaxes

Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.

about 1 year ago
Construction begins for NKT's second cable layer with steel-cutting in Romania
Business & Finance

Construction begins for NKT’s second cable layer with steel-cutting in Romania

Danish power cable manufacturer and installation company NKT has cut the first steel for its new cable-laying vessel (CLV) which will be able to run on both methanol and HVO/marine diesel oil. The milestone was celebrated at Vard’s shipyard in Romania where the construction, planning and engineering

about 1 year ago