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Business & Finance

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Dutch wave energy device all good during first night at sea
Business & Finance

Dutch wave energy device all good during first night at sea

A wave energy converter (WEC) developed by Wave Energy Collective (Weco) has spent its first night in the North Sea, with the Hague-based company confirming that everything worked as expected. Weco reported that its Kaizen 2.0 WEC had been deployed with an improved installation procedure and exposed

about 8 months ago
Four companies jointly bid to develop Britain’s first hydrogen network in the Humber
Business & Finance

Four companies jointly bid to develop Britain’s first hydrogen network in the Humber

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National Gas, Centrica, Equinor and SSE Thermal have launched a coordinated bid to develop Great Britain’s first regional hydrogen transport and storage network in the Humber. Together as Humber Hydrogen, the partners are looking to develop a network that would connect projects across Yorkshire and

about 8 months ago
Illustration; Source: Saipem
Business & Finance

Saipem’s agreement with Aramco takes it to ‘one of world’s largest offshore oil fields’

Italy’s Saipem has secured a new offshore contract in Saudi Arabia worth approximately $500 million under its existing long-term agreement with the country’s energy heavyweight Aramco. Under the contract release purchase order (CRPO), Saipem’s scope of work includes the engineering, procurement, con

about 8 months ago
Korean-Dutch partnership pursuing hydrogen retrofit for feeder vessel
Business & Finance

Korean-Dutch partnership pursuing hydrogen retrofit for feeder vessel

South Korea’s maritime decarbonization technology specialist Vinssen and Dutch engineering firm MANA Engineering have signed a memorandum of understanding (MOU) to jointly develop a hydrogen fuel cell-based retrofit solution for an 800 TEU feeder container vessel operating in Northern Europe and the

about 8 months ago
Transocean Deepwater Skyros drillship (former Ocean Rig Skyros); Source: Egon Stefanic
Business & Finance

Transocean’s backlog stands at $6.1 billion in the wake of $610M rig deals

Switzerland-based offshore drilling contractor Transocean has obtained multimillion-dollar assignments and extensions for seven mobile offshore drilling units (MODUs) from its rig fleet.

about 8 months ago
Tekmar
Business & Finance

Long-standing customer taps Tekmar for cable protection under €4.7M contract

UK-headquartered Tekmar Group has won a contract worth over £4 million (around €4.68 million) under which it will deliver cable protection systems (CPS) for an offshore wind farm development in Europe. The contract was awarded by a long-standing customer, as Tekmar said, for the delivery of the 10th

about 8 months ago
AHTS Skandi Laser; Source: DOF
Business & Finance

One vessel leaving its fleet as DOF moves to bring in 2011-built duo

Norwegian vessel owner DOF Group has taken steps to expand its fleet with the acquisition of two anchor handling tug supply (AHTS) vessels. The firm has also decided to offload one AHTS ship.

about 8 months ago
NKT secures copper supply for next ten years
Business & Finance

NKT secures copper supply for next ten years

As its copper demand continues to grow in line with the expansion of production facilities, Denmark-headquartered NKT has renewed its long-term copper supply agreement with European mining and smelting company KGHM, ensuring availability for the next decade. The current contract was signed in 2023 a

about 8 months ago
€17.5M investment to expand EMEC’s tidal energy test facilities
Business & Finance

€17.5M investment to expand EMEC’s tidal energy test facilities

The European Marine Energy Centre (EMEC) has secured a £15 million (around €17.5 million) investment to expand its tidal energy research and development (R&D) infrastructure in Orkney, Scotland. The Blue Horizon project will expand EMEC’s tidal test facilities to enable the demonstration of tidal en

about 8 months ago
Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link
Business & Finance

Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link

Norway’s Reach Subsea is anticipated to commence an offshore survey campaign next week for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Link 2. Shetland 2 will connect 330 kilometers between Shetland and the mainland to bring 2 GW of renewa

about 8 months ago
PSV model; Source: Golden Energy Offshore
Business & Finance

2016-built vessel goes to its new owner

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has parted ways with one of its platform supply vessels (PSVs), optimizing its fleet.

about 8 months ago
LNG vessel; Source: GTT
Business & Finance

Six LNG vessels to sport GTT’s tank design

France’s technological containment specialist Gaztransport & Technigaz (GTT) has been hired to provide the tank design for multiple new liquefied natural gas (LNG) carriers (LNGCs).

about 8 months ago
COSL Innovator rig; Source: COSL
Business & Finance

North Sea oil & gas drilling ops with COSL rig good to go

Norwegian state-owned energy giant Equinor has secured the go-ahead from the country’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations in the North Sea off the coast of Norway.

about 8 months ago
‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning
Business & Finance

‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning

A new subsea trencher destined for Danish power cable manufacturer and installation firm NKT, deemed the world’s most powerful, has arrived at the UK’s Port of Blyth to continue the fit-out and commissioning. NKT announced the investment in the NKT T3600 trencher in June 2025, as part of its ongoing

about 8 months ago