Business & Finance
Breeze acquires Bulgarian engineering firm to back net-zero projects
Norwegian company Breeze Ship Design has acquired Varshyp Design in Varna, Bulgaria, an engineering firm specialized in all fields required for ship design, marine engineering and marine consultancy.
Aker BP gets all-clear to deploy Noble rig at North Sea oil & gas field
Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs at a field located in the North Sea off Norway.
International shipping firm orders cable-laying vessel from Vard
Vard, a subsidiary of Fincantieri, has signed a contract with an international shipping company for the design and construction of a new cable-laying vessel. The 95-meter-long vessel will be built entirely by the Vard network, including the main systems and equipment. It will comprise 60 single cabi
Shell and Equinor complete LNG project negotiations with Tanzania
Tanzania’s Ministry of Energy has announced on Twitter that the negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway’s Equinor, and UK’s Shell are complete and experts are now writing contracts. The ministry notified the public that Tanzani
UK’s Mermaid Subsea wins ‘largest contract to date’
Mermaid Subsea Services UK has secured a multi-well contract to be carried out on behalf of a North Sea operator, said to represent the company’s largest contract to date. The two-year contract includes the decommissioning of 22 wells and will see the creation of 12 new roles at Mermaid’s Aberdeen h
URBAS and AECOM team up for green and sustainable fuels projects
Spain-based URBAS, specialised in sustainable infrastructures and buildings, real estate development, and renewable energies, has signed an agreement with US-based AECOM, an engineering, architecture and sustainability company, to develop green hydrogen, green ammonia, and sustainable fuels projects
Hellenic Cables firms contract for Greek interconnectors
Greek cable manufacturer Hellenic Cables has signed a contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for the fourth phase of the Cyclades interconnection project. The project includes the Lavrio-Serifos and Serifos-Milos interconnections with a total
Solstad selling its PSV fleet to Tidewater for $577 million
Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are
Vessel scores its ‘first major drilling contract’
Caspian Sunrise, an oil and gas company with a focus on Kazakhstan, has inked a deal for the Caspian Explorer drilling vessel, enabling it to undertake operations in the Caspian Sea.
VoltH2 bags ‘substantial’ SDE++ operating subsidy for green hydrogen production
The Netherlands Enterprise Agency (RVO) and the Dutch Ministry of Economic Affairs and Climate Policy (EZK) have awarded VoltH2 a substantial operating subsidy for the Stimulation of Sustainable Energy Production and Climate Transition (SDE++) to support the production of green hydrogen. SDE++ is th
Prysmian to use €120 million loan for innovation and digitalization
Italy’s cabling giant Prysmian has secured a €120 million loan from Italian investment bank Cassa Depositi e Prestiti (CDP) which will be invested in R&D for network upgrading purposes. The loan will be used to support R&D plans focused on the implementation of innovative technologies and contribute
Five companies in line for carbon storage acreage in Norway’s waters
The Norwegian Ministry of Petroleum and Energy has received applications from five companies seeking permits related to the injection and storage of CO2 on the Norwegian continental shelf (NCS). The area is located in the North Sea and was announced on 11 January in accordance with the storage regul
International offshore rig count takes a nosedive
Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.
Stanlow Terminals to develop open-access green ammonia import terminal
Essar Group’s Stanlow Terminals has announced it will develop a major new open-access import terminal for green ammonia in the Port of Liverpool, UK. According to Stanlow, this new terminal, which will be an expansion of existing facilities, will provide the connecting infrastructure to enable signi