Business & Finance
Norden expands into wind energy and general cargo market with Thorco Projects acquisition
Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s
Erik Thun to fit battery packs on nine ships
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t
UK’s first HVDC cable factory granted another approval
UK-based XLCC has secured detailed planning approval to build what is said to be the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. North Ayrshire Council Planning Committee granted full planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Sco
Heerema lands jacket construction deal for North Sea platform
Heerema Fabrication Group has been hired by Aker BP for the procurement and construction of a jacket destined for a North Sea platform.
Carbon capture seen as ‘key tool’ in fight against greenhouse gas emissions
OEUK has outlined that the recently offered carbon storage licences signify the UK could bury 30 million tonnes of CO2 a year by 2030.
NKT unveils investment plans worth €1 billion in new factory and cable-laying vessel
NKT is planning to boost its high-voltage power cable business with a €1 billion investment in a new factory in Sweden and a power cable vessel.
‘Significant’ oil discovery for Aker BP in North Sea
Aker BP has made -what it describes as – a significant oil discovery in the North Sea off Norway, using a Saipem-owned rig.
Harbour Energy hands out five-year deal for North Sea assets to Stork
Stork has been awarded a long-term deal for the delivery of asset integrity services to Harbour Energy’s assets on the UKCS.
Prysmian revealed as preferred bidder for UK’s cable connection project
Prysmian Group has been picked as the preferred bidder for a high voltage direct current (HVDC) cable connection in the UK.
Eni and Sonangol pooling resources to step up their decarbonisation game
Eni and Sonangol have joined forces to identify and assess opportunities in the areas of the energy transition.
Hanwha Ocean, formerly known as DSME, eyes $107 million in stock sale
Daewoo Shipbuilding & Marine Engineering, one of South Korea’s top three shipbuilders, plans to raise 141.3 billion won ($107.7 million) through a stock offering. The proceeds from this offering will primarily be used to pay off the company’s debts, according to regulatory filings. In the stock offe
New milestone at giant North Sea oil field, as it reaches record-high production level
Equinor’s capacity test at the Johan Sverdrup field in the North Sea off Norway confirms the field can produce at an increased plateau.
OKEA tasked with tackling nonconformity at Norwegian Sea field
Norwegian regulator has carried out an audit of OKEA and its management of major accident risk and barriers at a field off Norway.
Seven ‘major’ oil & gas players join phase II of JIP assisting with improving wellhead, riser fatigue estimates
Acteon’s subsidiary 2H Offshore has launched the second phase of its measurement-based wellhead fatigue joint industry project (JIP).