Business & Finance
Norwegian contractor designs hull for Bay du Nord FPSO
Norway’s Salt Ship Design has designed a hull for a harsh environment FPSO, which will serve on Equinor’s Bay du Nord project in Canada.
Ports of Halifax and Hamburg forge ties on hydrogen, green energy corridor
The Halifax Port Authority and Hamburg Port Authority have joined hands on decarbonizing the shipping corridor between Halifax, on Canada’s east coast, and Hamburg, along Germany’s northwest coast. The two port authorities signed a Memorandum of Understanding in Hamburg on September 29, 2022. The Mo
4.1 GW Scottish offshore wind site soon to buzz with activity
SSE Renewables is set to soon return to the 4.1 GW Berwick Bank Wind Farm located off the east coast of Scotland to commence further geotechnical survey work. Fugro is in charge of carrying out the work and will use the 83-meter long Fugro Scout. The survey is planned to mobilize between 7 and 10 [&
UK’s Capricorn to merge with Israel’s NewMed instead of Tullow
NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.
Sweco to carry out feasibility study for floating solar technology in Uganda
Swedish engineering consultancy Sweco has been tasked with conducting a feasibility study for floating solar technology at hydroelectric dams in Uganda and a detailed design of a pilot plant.
Fourth gas leak found on Nord Stream pipeline
The Swedish Coast Guard has discovered a new gas leak on the Nord Stream pipelines that connect Russia and the European Union, representing the fourth one found this week. According to local media reports, the Swedes discovered the fourth leak on Nord Stream 2, near a larger leak discovered earlier
UK Govt assigns £60 million for clean shipping
The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses
Norwegian govt tightening security around oil and gas installations
Following reports about increased drone activity, the Norwegian Government has decided to heighten emergency preparedness.
Ashtead Technology targets expanded geographical presence with latest purchase
UK-headquartered subsea technology specialist Ashtead Technology has completed the acquisition of the entire share capital of WeSubsea, a provider of subsea dredging technology solutions. According to Ashtead, the move comes as part of its commitment to expand its geographical presence and grow its
Germany and UAE reinforce energy partnership
Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J
Welsh business finds work at Morlais tidal power scheme
OBR Construction has been awarded a €2.24 million contract by Morlais main contractor to build the structures associated with the landfall substation for the Holy Island tidal energy scheme.
New deal to take Siem OSCV to oil and gas sector
Siem Offshore has secured a new three-year contract for the offshore subsea construction vessel (OSCV) Siem Stingray with Subsea 7 as charterer. Subsea 7 will employ the vessel supporting its clients predominantly within the oil and gas sector, undertaking projects within offshore construction and i
BP hands out multi-region deal for offshore assets to UK oilfield services provider
BP has awarded a long-term deal for its offshore portfolio, to Wood, enabling the UK player to support its energy production.
Windcat Workboats orders additional hydrogen-powered CTVs
Windcat Workboats, part of Compagnie Maritime Belge (CMB), together with its joint venture partners Thomas Services Maritimes (TSM) and FSR, has ordered six hydrogen-powered crew transfer vessels (CTVs) to be built by 2024. The new order follows the launch of the world’s first hydrogen-powered CTV,