Business & Finance
CMA CGM in talks to acquire La Méridionale
French container shipping major CMA CGM Group has entered into exclusive discussions with STEF Group to acquire 100% of La Méridionale, a mixed freight and passenger shipping company based in Marseille. “With this acquisition, CMA CGM Group wishes to pursue its development in the Mediterranean, whil
Wave of unrest across UK’s offshore energy sector grows with more workers to cast votes on strike action
Workers employed by Wood Group on TAQA platforms and Petrofac on one of Ithaca’s platforms are being balloted for strike action.
Nexans achieves ‘all-time-high’ performance, ramps up emissions reduction efforts
Nexans has reported an all-time high adjusted backlog of €3.5 billion for its Generation & Transmission business in 2022, an increase of 51 per cent compared to 2021, said to be pulled by the Celtic Interconnector project. In the “record financial year” for the French cable maker, Generation & Trans
Ocean Sun grows 2022 revenues
Norwegian floating solar company Ocean Sun has released financial results for 2022, marking a significant increase in revenues when compared to a year before.
Gasgrid advances Finland’s first hydrogen transmission network project
State-owned transmission system operator Gasgrid Finland is progressing its hydrogen transfer infrastructure demonstration project with a €9.5 million grant for project design and potential construction. The demonstration project aims to construct a pipeline to enable the hydrogen generated at Kemir
Spanish water utility sets sights on floating solar
Spain-based water utility Miya has expanded its activities to the renewables sector with the acquisition of a stake in Xfloat, an Israeli floating solar developer.
BMS United, Bunkernet, and SBI merge to form Baseblue
Marine fuel supply companies BMS United Bunkers, Bunkernet, and SBI bunkering BV have entered into a definitive merger agreement to create Baseblue. The trio said that the merger would result in a larger and financially more reliable company. As disclosed, Baseblue will also offer a wider range of s
New owner takes delivery of Solstad CSV
Normand Ships, a wholly owned subsidiary of Solstad Offshore, has delivered the construction support vessel (CSV) Normand Jarl to an undisclosed new owner.
Equinor extends charter of Havila PSV
Norwegian offshore vessel owner Havila Shipping has secured another contract with compatriot oil giant Equinor for one of its platform supply vessels (PSVs). Havila reported on 15 February that Equinor awarded the contract to the PSV Havila Clipper. The contract is for a firm period of six months, i
Safe Bulkers keeping eye on the prize with ambitious fleet renewal, eco-upgrades
Monaco-based dry bulk shipping company Safe Bulkers is set to welcome eight eco-newbuilds in the upcoming two years pushing its fleet with improved energy efficiency to 23 ships. The company’s fleet currently consists of 44 vessels, with 12 of them being eco-ships built after 2014, and three of them
WATCH: Semi-submersible rig sets off to Nigeria to embark on its drilling assignment
One of Dolphin Drilling’s semi-submersible rigs is now on its way to Nigeria, where it will start its new drilling campaign in March 2023.
Scottish company secures over €1M to advance tidal energy turbine
Scottish company Flex Marine Power has been awarded significant funding from the UK government’s Energy Entrepreneurs Fund (EEF) to further develop and demonstrate its low-cost tidal energy turbine.
Equinor awards EPCI Hammerfest LNG contract to Aibel
Norway’s energy company Equinor has granted compatriot energy services company Aibel an engineering, procurement, construction, and installation (EPCI) contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract, awarded on behalf of the Snøhvit partnership,
Greenpeace activists end 13-day occupation of Shell’s oil platform (Gallery)
Greenpeace activists have disembarked Shell’s oil platform at the port of Haugesund in Norway after 13 days of occupation and a journey of almost 4,000 kilometers from the Canary Islands, with no arrests having taken place. Four activists boarded the floating production storage and offloading (FPSO