Business & Finance
UK plans to ensure energy independence by scaling up renewables while maximising North Sea production
In light of the war in Ukraine and amid rising concerns over energy security, the UK government has moved to strengthen its energy security.
XOCEAN USV to survey 588 MW UK offshore wind farm
Ireland’s XOCEAN is set to soon commence non-intrusive unmanned subsea surveys of the inter-array cables and turbine locations at the operational Beatrice offshore wind farm in the UK. XOCEAN’s uncrewed surface vessel (USV) X14 will begin the operations on 20 April for a duration of about 7 days on
DeepOcean eyes offshore renewables growth with new acquisition
DeepOcean has acquired the Norwegian engineering and technology company Installit and its subsidiaries in order to accelerate offshore renewables growth. Founded in 2000, Installit provides project management and engineering services within subsea cable installation and repair, including HV cables,
DOF Subsea hits 99% repurpose rate on latest decommissioning project
DOF Subsea has achieved a 99% rate for the combined recycling and repurposing of recovered materials on its decommissioning project at the Buchan and Hannay fields in the Central North Sea. The offshore works, carried out using Skandi Acergy and Skandi Skansen, included the recovery of 135 concrete
Golar LNG sales shared in NFE to raise $250M for FLNG
LNG shipper Golar has sold a part of its shares in gas-to-power developer New Fortress Energy (NFE) to invest in FLNG projects.
New JV to provide LCO2 shipping solutions to European CCS projects
French industrial gases company Air Liquide and compatriot maritime firm Sogestran have signed an agreement to form a joint venture (JV) focused on providing large-scale liquid CO2 (LCO2) shipping and barging solutions.
Solstad completes its divestment campaign after offloading six more vessels
Solstad Offshore has sold additional six vessels in a bid to reduce its debt by successfully completing its divestment strategy.
EverLoNG ship-based carbon capture project wins EU funding
A cross-boundary project involving science and industry experts has landed €3.4 million ($3.7 million) from an EU climate action fund to accelerate the uptake of ship-based carbon capture (SBCC) by international shipping companies.
Canada caught between a rock and a hard place as decision on giant new oil project draws near
The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.
EU bans Russian vessels from ports, ‘edges closer’ to banning Russian oil imports
The European Union members have announced a new, fifth round of sanctions against Russia and its businesses due to the war in Ukraine.
Russia’s war in Ukraine will not hinder Europe’s energy transition, DNV says
DNV has revealed within its new analysis that the Ukraine crisis will not derail Europe’s energy transition, as it is expected to speed it up.
Schottel becomes complete system supplier for electrical, green propulsion with new acquisition
German propulsion expert Schottel has decided to acquire a majority stake in elkon, a Turkish specialist for marine electrical system integration.
BP and IKM Testing sign first well services contract
IKM Testing UK has secured a multi-year contract with BP to deliver well integrity services across the oil and gas giant’s portfolio of North Sea assets. The agreement is the first well services contract between the two companies and covers well integrity remediation services, including sustained ca
French stand ready to kick off SEM-REV 2.0 works
Having played a pivotal role in the advancement of marine renewable energies in France, the SEM-REV test site is ready for infrastructure upgrades to respond to the needs of the growing offshore renewable energy sector.