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Strike steel ceremony for FPSO Raia; Source: Seatrium

Business & Finance

Seatrium hosts strike steel ceremony for MODEC’s Brazil-bound FPSO – gallery

Seatrium has welcomed the first steel fabrication milestone for the construction of a new FPSO destined for a project off the coast of Brazil.

about 2 years ago

Business & Finance

With construction nearing completion, FPSO on course for first gas next year

BW Offshore is coming closer to the end of the construction phase for a floating production storage and offloading (FPSO) vessel.

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about 2 years ago

A project to develop a severe weather resistant OTEC structure.

Business & Finance

Tropical storm-proof OTEC system nears fabrication phase

Seven European partners are set to begin fabrication of an ocean thermal energy conversion (OTEC) platform said to be capable of surviving in tropical storm areas, destined for deployment offshore Spain. Being developed under the EU-funded project PLOTEC, fabrication of the system is to begin this m

about 2 years ago

Business & Finance

TotalEnergies and QatarEnergy entering South African offshore block

TotalEnergies and QatarEnergy have laid the groundwork to expand their presence in the Orange Basin by getting interests in a block off South Africa.

about 2 years ago

Business & Finance

Hanwha sets up new division to build eco-friendly fuel engines

South Korean conglomerate Hanwha Group has launched a new affiliate, Hanwha Engine, after acquiring marine engine company HSD Engine.

about 2 years ago

Business & Finance

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago

Business & Finance

LS Cable wins preferred supplier status for Taiwanese offshore wind project

Copenhagen Infrastructure Partners (CIP) has signed a preferred supply agreement with LS Cable for the supply of offshore and onshore cables to Feng Miao 1, the company’s third offshore wind project in Taiwan. Under the agreement, Korea-based LS Cable will supply offshore export cables, inter-array

about 2 years ago

Business & Finance

EU grants €8.9 million for advanced hydrogen valley in Western France

An 18-member consortium, coordinated by French hydrogen producer Lhyfe, has launched a new project to establish an advanced green hydrogen valley in Western France. The project has received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking. The project c

about 2 years ago

TKF workers producing the first power cores in its new cable factory in Eemshaven

Business & Finance

TKF starts production in new cable factory in Eemshaven

Netherlands-based company BV Twentsche Kabelfabriek (TKF) has produced its first power cores in its new cable factory in Eemshaven. The company produced three power cores for the type test cable, which were provided with the welded aluminum screen and PE outer sheath. The investment in the new fact

about 2 years ago

Wavepiston opens capital raise to back wave energy system

Business & Finance

Danish firm to explore wave energy deployment offshore Barbados

Danish company Wavepiston and Export Barbados (BIDC), an agency of the Barbados Government, are set to explore the deployment of wave energy farms offshore Barbados. According to Wavepiston, Barbados and most of the Caribbean region hold a large potential for wave energy. Barbados has set a net-zero

about 2 years ago

Business & Finance

Chevron taking over operatorship at block with ‘enormous potential’ off Uruguay

Challenger Energy is in the process of selling a partial stake in a shallow water exploration block off the coast of Uruguay to Chevron.

about 2 years ago

NKT pursues shift to low-carbon aluminium with latest partnership

Business & Finance

NKT seeks to cut carbon footprint of power cables with latest partnership

Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz

about 2 years ago

Business & Finance

Aker Solutions selected as owner’s engineer for 3GW hydrogen project in Scotland

UK-based energy company Statera has appointed Norwegian energy services provider Aker Solutions as owner’s engineer for the first 500 MW phase of its 3 GW Kintore Hydrogen project in Aberdeenshire, Scotland. Under the contract, Aker Solutions will build on its process industry expertise within green

about 2 years ago

Business & Finance

World’s first ammonia-powered PCTCs get financial boost

Norwegian RoRo shipping company Höegh Autoliners has been granted substantial million-dollar funding from local government enterprise responsible for the promotion of environmentally friendly production Enova for the construction of the world’s first ammonia-powered PCTCs.

about 2 years ago