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Business & Finance

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North Sea countries to ink pact with offshore wind industry, TSOs
Business & Finance

North Sea countries to ink pact with offshore wind industry, TSOs

Government officials from Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway and the UK are set to sign a declaration confirming the ambition to build 300 GW of offshore wind in the North Seas by 2050, and an investment pact with the offshore wind industry and transmissi

about 9 months ago
WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels
Business & Finance

WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels

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Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see

about 9 months ago
Prysmian to buy Spanish cable survey and installation solutions provider
Business & Finance

Prysmian to buy Spanish cable survey and installation solutions provider

Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its

about 9 months ago
Newbuild Dutch multifunctional workboat to hit the market in September
Business & Finance

Newbuild Dutch multifunctional workboat to hit the market in September

Dutch Van Wijngaarden Marine Services has signed a contract with compatriot shipbuilder and designer Neptune Marine for the construction of an EuroCarrier that will be capable of performing survey and geotechnical services, among other things. The new EuroCarrier 2712 – DP1 – TIER III, to be named M

about 9 months ago
German dry bulk carrier firm adopts fleet-wide energy optimization technology
Business & Finance

German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 9 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 9 months ago
Dutch partnership formed to pursue scalable autonomous maritime operations
Business & Finance

Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 9 months ago
Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology
Business & Finance

Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology

Spanish scale-up company H2SITE has launched a subsidiary in Norway to focus on deploying its ammonia-to-hydrogen systems in the maritime sector and accelerate vessel decarbonization. Through H2SITE Norway AS, based in Bergen, H2SITE is looking to supply onboard cracking systems to Norwegian compani

about 9 months ago
Wärtsilä will supply the engines for Allseas’ new semi-submersible Heavy Transport Vessel, built to deliver lower emissions and greater fuel efficiency; Credit: Allseas
Business & Finance

Allseas’ newbuild heavy transport vessel to sport Wärtsilä’s ‘future-proof’ engines

Wärtsilä has been hired to equip a new purpose-built semi-submersible heavy transport vessel (HTV), which will expand the fleet of Switzerland-based offshore contractor Allseas Group upon completion, with engines, featuring readiness to use alternative sustainable fuels and a modular design, said to

about 9 months ago
TGS on duty offshore Australia
Business & Finance

TGS on duty offshore Australia

Norwegian energy data and intelligence company TGS has kicked off a reprocessing project offshore Australia designed to enhance subsurface imaging and geological understanding. The multi-client Bonaparte Basin Pre-Stack Depth Migration (PSDM) Reprocessing Project includes the reprocessing of the Cyg

about 9 months ago
West Capella drillship; Source: Seadrill
Business & Finance

Three Seadrill rigs line up jobs in Malaysia, Norway, and Brazil

Seadrill, an offshore drilling contractor, has secured work assignments for a drillship and a jack-up rig off the coasts of Malaysia and Norway, alongside a contract extension for another drillship deployed in Brazilian waters.

about 9 months ago
WATCH: Dutch hybrid survey vessel hits the water
Business & Finance

WATCH: Dutch hybrid survey vessel hits the water

A hybrid survey and remotely operated vehicle (ROV) support vessel that will kickstart a charter for N-Sea Group has officially been launched in the Netherlands. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, built by Neptune Cons

about 9 months ago
Deutsche Ostsee; Source: Deutsche Regas
Business & Finance

Private LNG operator takes EU to court over €4.96 billion state funding

Deutsche ReGas, Germany’s private operator of liquefied natural gas (LNG) terminals, has embarked on a legal battle to challenge the European Commission’s approval of the €4.96 billion subsidy scheme, claiming that state aid for LNG terminals harms competition and weakens gas security.

about 9 months ago
Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says
Business & Finance

Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says

Consumers in Great Britain have benefited more than £1.65 billion (around $2.211 billion) from subsea electricity interconnectors since 2023, the UK National Grid reported. The analysis of the benefit of National Grid’s subsea electricity interconnector portfolio, said to be the largest in the world

about 9 months ago