Business & Finance
Verlume secures over €8M to boost expansion plans
Scottish intelligent energy management and storage technologies specialist Verlume has secured €8.1 million for business scale-up and development of larger projects.
EnBW doubles booking for LNG import in Stade terminal
After booking import rights for three billion cubic metres of LNG on a long-term basis via the Hanseatic Energy Hub in Stade in December 2022, German energy company EnBW has now secured a further three billion cubic metres, thus doubling its future import capacity. The company noted that all booking
Is the EU on the cusp of grabbing methane by the horns or will it let these emissions slip through the cracks?
The EU is preparing to cast its vote on the first methane emissions regulation, which could help lower methane in the oil and gas sector.
Exowave partners up with turbine technology supplier
Danish clean energy start-up Exowave has signed cooperation agreement with Gugler Water Turbines for a wave energy project planned for Danish North Sea.
Fugro performs world’s first fully remote offshore wind farm inspection
Fugro has completed what is said to be the world’s first fully remote ROV inspection of an offshore wind farm using its Blue Essence uncrewed surface vessel (USV). The operations were carried out at the Aberdeen offshore wind farm in the North Sea, also known as the European Offshore Wind Deployment
Oceans of Energy to build offshore solar array at Hollandse Kust Noord offshore wind park
Oceans of Energy has been awarded the contract for installing and operating offshore solar farm inside the Hollandse Kust Noord offshore wind park being developed by CrossWind, a joint-venture between Shell and Eneco.
European partnership eyes new solutions for renewable energy transmission
SuperNode, an Irish developer of energy transmission technology based on superconductivity, and the European Laboratory for Particle Physics CERN are collaborating to develop a novel type of insulation for superconducting cables in an effort to improve energy transmission and accelerate the transiti
Hellenic Cables secures offshore wind contract with RWE and Northland Power
RWE and Northland Power have selected the Greek cable manufacturer Hellenic Cables as the preferred supplier of the inter-array cables for their up to 1.6 GW Nordseecluster development in the German North Sea, a cluster consisting of four offshore wind farm sites. Hellenic Cables will supply approxi
Minesto grows first quarter loss
Swedish marine energy company Minesto has started 2023 with an increase in net loss for the first quarter, when compared to the first three months of the year before.
James Fisher Subtech busy with fifth ‘major’ contract with BP
James Fisher Subtech (JF Subtech) is carrying out its fifth “major” contract with BP and foreshore terminal underwater inspection services at the oil & gas major’s import terminal in the South East of England. The targeted condition survey constitutes phase one of the maintenance project, completed
World’s first as IMCA approves Fugro’s ROV introductory training course
The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping
GTT sees high level of orders in Q1 2023, revenues of €80 million
French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first qu
UK player ‘disappointed’ with ruling in first rig arbitration case, as Keppel shipyard wins
Awilco Drilling has expressed disappointment with the arbitration tribunal ruling in favour of Keppel shipyard.
KCC links freight earnings to carbon reduction in shipping contract
KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou