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Business & Finance

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Mystery clients book two Solstad construction support vessels
Business & Finance

Mystery clients book two Solstad construction support vessels

Norwegian offshore shipping company Solstad has entered into two letters of intent (LoIs) for two of its construction support vessels (CSVs). Solstad Maritime signed a LoI with an international subsea contractor for Normand Navigator, with the contract to start in the second quarter of the year and

about 8 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

StreamTec and Worley team up on GW-scale North Sea hydrogen pipeline

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Switzerland-based StreamTec Solutions has joined Worley in the execution team for an offshore pipeline that will connect green hydrogen obtained in the North Sea with the European mainland and onshore hydrogen infrastructure. The gigawatt-scale AquaDuctus hydrogen pipeline to be located in the Germa

about 8 months ago
SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea
Business & Finance

SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea

IMODCO Terminals, a subsidiary of the Netherlands-headquartered SBM Offshore, has secured a front-end engineering design (FEED) contract with Carbon Collectors for the development of an offshore CO2 transport and injection solution in the Southern North Sea. The nine‑month FEED will define the desig

about 8 months ago
North Sea gas wells ready for CO2 storage as part of Dutch Porthos project
Business & Finance

North Sea gas wells ready for CO2 storage as part of Dutch Porthos project

Four North Sea gas production wells have officially been converted to CO2 injection wells as part of the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project in the Netherlands, marking their readiness for CO2 injection, expected in autumn. This first large-scale CO2 transport

about 8 months ago
Stena Evolution drillship; Source: Stena Drilling
Business & Finance

Stena Drilling ups GHG abatement ante as 2024-built drillship gets DNV’s notation

Scotland-headquartered offshore drilling contractor Stena Drilling has received DNV’s Abate (P+) notation for one of its drillships, underscoring the rig owner’s efforts to cut greenhouse gas (GHG) emissions across its operations.

about 8 months ago
Fugro’s jack-up platform starts surveys for Western Isles subsea link
Business & Finance

Fugro’s jack-up platform starts surveys for Western Isles subsea link

Dutch Fugro has commenced integrated site investigations for a power transmission link that will connect the Scottish Western Isles to the UK national electricity transmission network for the first time. Fugro is carrying out nearshore surveys for SSEN Transmission’s 1.8 GW Western Isles high-voltag

about 8 months ago
Work begins on 203-kilometer Scottish HVDC transmission link
Business & Finance

Work begins on 203-kilometer Scottish HVDC transmission link

Both onshore and offshore enabling works have commenced for the development of the 2 GW Spittal to Peterhead subsea cable link project in Scotland, which will support national clean power and energy security ambitions. The 203-kilometer high-voltage direct current (HVDC) link will connect the Bannis

about 8 months ago
Noble Globetrotter I drillship; Source: Noble
Business & Finance

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well.

about 8 months ago
Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund
Business & Finance

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

The Danish Energy Agency has received two final bids for the DKK 28.7 billion (around €3.84 billion) fund for carbon capture and storage (CCS) aimed at helping the country reach its climate goals. Sixteen projects applied to be prequalified for this third CCS pool, of which ten were prequalified in

about 8 months ago
Recently converted seismic source vessel begins sea trials (Video)
Business & Finance

Recently converted seismic source vessel begins sea trials (Video)

A 2010-built seismic source vessel owned by Norway’s Sanco Shipping, recently converted from a seismic research vessel, is performing its sea trials ahead of delivery. Sanco Shipping purchased Sanco Sailor in July 2025, at the time named PGS Apollo, after which the 106.6-meter-long vessel set sail d

about 8 months ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes and Italian player team up to play ball on global LNG scene

Baker Hughes has banded together with Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, to explore prospective modularized, scalable liquefied natural gas (LNG) projects across the globe.

about 8 months ago
Germany acquiring stake in TenneT for €3.3 billion
Business & Finance

Germany acquiring stake in TenneT for €3.3 billion

TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW) on behalf of the German State to sell a 25.1% equity interest in TenneT Germany for approximately €3.3 billion. The agreement with the German State was reached some four months after three major institutional investors

about 8 months ago
Danish wave energy firm step closer to commercial pilot project in Barbados
Business & Finance

Danish wave energy firm step closer to commercial pilot project in Barbados

Danish wave energy firm Wavepiston has signed a memorandum of understanding (MoU) with Export Barbados (BIDC), an agency of the Barbados Government, as part of its journey towards commercial wave energy deployment in the Caribbean. Under the acronym WEB (Wave Energy in Barbados), Wavepiston and Expo

about 8 months ago
Pipe producer tightens its grip on giant Black Sea project with double contract win
Business & Finance

Pipe producer tightens its grip on giant Black Sea project with double contract win

Tenaris, a Luxembourg-headquartered manufacturer and supplier of steel pipe products and related services, has scored a double win for the third phase of Türkiye’s largest natural gas field development, building on its work on the earlier phases of the project. As part of two contracts secured with

about 8 months ago