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Business & Finance

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DNV’s scope at UK’s first offshore CCS project expands with independent certifier role
Business & Finance

DNV’s scope at UK’s first offshore CCS project expands with independent certifier role

DNV has been selected as the independent certifier for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project, and will verify that the project’s construction and operation comply with the carbon dioxide transport and storage licence (CO2 T&S license)

about 5 months ago
Converter station built, offshore cable installation underway in France for interconnector to Ireland
Business & Finance
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Converter station built, offshore cable installation underway in France for interconnector to Ireland

France’s Nexans has completed the first cable pull-in on the French side of the first interconnector between Ireland and France, following the initial campaign in Ireland. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGrid, the Celt

about 5 months ago
Second Maersk Tankers vessel fitted with Spain-made suction sails
Business & Finance

Second Maersk Tankers vessel fitted with Spain-made suction sails

After completing installation on the first vessel in January, Spanish automated wind-assisted propulsion system specialist bound4blue has installed four 24-meter eSAIL suction sails on the second of the planned five tankers owned by Danish Maersk Tankers. Maersk’s 29,445 gwt medium-range (MR) tanker

about 5 months ago
Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway
Business & Finance

Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway

Energy technology company Baker Hughes has opened a new subsea services center and manufacturing plant in Norway as part of its ambition to strengthen its North Sea capabilities. Located in Dusavik near Stavanger, the 49,000-square-meter facility features a 12,000-square-meter workshop, multiple tes

about 5 months ago
Platform that turns ocean temperature differences into electricity installed in Spain
Business & Finance

Platform that turns ocean temperature differences into electricity installed in Spain

UK-based pioneer in ocean thermal energy conversion (OTEC) development, Global OTEC, has installed a floating prototype offshore Spain designed to produce electricity by using the temperature difference between warm surface water and cold deep ocean water. It is said to be the first purpose-built of

about 5 months ago
Van Oord’s first sea-going USV makes multi-day offshore debut
Business & Finance

Van Oord’s first sea-going USV makes multi-day offshore debut

Van Oord’s first uncrewed survey vessel (USV) specialized for operations at sea has completed its first multi-day offshore operation. VO:X Barentsz was deployed at Ecowende’s Hollandse Kust West offshore wind farm where it supported the monopile and cable installation works carried out by installati

about 5 months ago
Illustration; Credit: Lone Stormoen/Equinor
Business & Finance

Equinor prolongs Norwegian firm’s offshore assignment

Norway-based cleantech service provider Soiltech has secured a contract extension with the compatriot state-owned energy giant Equinor for offshore waste management services.

about 5 months ago
EIB continues its support for Malta-Italy interconnector with €100 million
Business & Finance

EIB continues its support for Malta-Italy interconnector with €100 million

The European Investment Bank (EIB) is supporting the development of the second electrical interconnector between Malta and Italy with €100 million. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna substation at Ragusa, Si

about 5 months ago
Naming ceremony held for Nexans Electra with three godmothers
Business & Finance

Naming ceremony held for Nexans Electra with three godmothers

Norwegian shipbuilder Ulstein has held the naming ceremony for Nexans’ new 155-meter-long cable-laying vessel (CLV) Nexans Electra. Based on the ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version of the sister ve

about 5 months ago
Ireland and Spain formalize plan to explore electricity interconnection
Business & Finance

Ireland and Spain formalize plan to explore electricity interconnection

Irish and Spanish ministries have signed a memorandum of understanding (MoU) to explore the potential for a future electricity interconnector between the two countries. The MoU was signed by Ireland’s Department of Climate, Energy and the Environment and Spain’s Ministry for the Ecological Transitio

about 5 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

North Sea oil & gas seen as linchpin of UK’s energy security and net zero transition

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has portrayed the oil and gas production from the North Sea as a backbone of the nation’s security of supply to prevent over-reliance on imports and continue to pursue and implement the transition to a low-carbon and

about 6 months ago
Illustration; Source: Archer
Business & Finance

Multimillion-dollar extension keeps Archer busy in Norway for three more years

Oslo Stock Exchange-listed oil services company Archer has won a multi-year contract extension with Norway’s state-owned energy giant Equinor for work on the Norwegian Continental Shelf (NCS).

about 6 months ago
€100 million EU financing backs Port of Klaipėda’s energy transition path
Business & Finance

€100 million EU financing backs Port of Klaipėda’s energy transition path

The European Investment Bank (EIB) has approved approximately €100 million in financing to support the energy transition, among other things, at the Port of Klaipėda in Lithuania. The €201 million project targets the modernization and expansion of the core Trans-European Transport Network (TEN-T) Po

about 6 months ago
Transocean Enabler rig at sea
Business & Finance

Equinor picks up permit for drilling ops with Transocean rig

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

about 6 months ago