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Business & Finance - Offshore Energy

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Castorone pipelaying vessel; Source: Saipem

Business & Finance

Saipem scores $1.9 billion contract wins offshore Guyana and Brazil

Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil and Equinor.

about 2 years ago

Business & Finance

Transocean rig becomes first semi-sub to sport DNV’s notation for GHG abatement

Transocean has tucked under milestone under its belt, thanks to one of its semi-submersible rigs being awarded DNV’s Abate (Power+) notation.

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about 2 years ago

Business & Finance

LR to class Capital’s ammonia-ready LCO2 Carriers

Lloyd’s Register (LR) classification society is joining hands with Greek shipowner Capital Gas Ship Management (Capital) and South Korean shipbuilding major Hyundai Mipo Dockyard (HD HMD) on the construction of two ammonia-ready 22,000m3 low-pressure LCO2 carriers set to be delivered in 2025 and 202

about 2 years ago

Kadri Simson, European Commissioner for Energy; Source: European Commission

Business & Finance

CCS, hydrogen, and electricity cross-border energy projects hailed as ‘missing links’ to future-proof EU

EU’s PCI list entails grid upgrades and the buildout of more hydrogen, green electricity, and carbon capture, utilization, and storage (CCUS).

about 2 years ago

Business & Finance

Kellas brings in first customer for blue hydrogen project in Teesside

Aberdeen-based energy infrastructure company Kellas Midstream has signed a heads of terms agreement with Statera Energy for the provision of low-carbon hydrogen from the H2NorthEast project in Teesside to Statera’s Saltholme power stations. The agreement, described as a significant first for H2North

about 2 years ago

Illustration/HydroQuest's 1MW turbine for Paimpol-Bréhat site (Courtesy of HydroQuest/Photo by Avotrimage)

Business & Finance

France steps up its tidal power game

French president Emmanuel Macron has announced commercial tenders for tidal stream as part of the French energy strategy update (PPE), saying ‘we have to be at the top of our game in tidal stream’.

about 2 years ago

Illustration; Source: Gulf Island Fabrication

Business & Finance

Multi-million ‘critical’ fabrication projects land on US player’s Gulf of Mexico work agenda

Gulf Island Fabrication has secured multiple subsea fabrication awards with an undisclosed integrated subsea engineering, procurement, construction, and installation (EPCI) company.

about 2 years ago

Nova Innovation's facility in Edinburgh (Courtesy of Nova Innovation)

Business & Finance

Nova Innovation secures €20M from EU for 4MW tidal energy project

Nova Innovation has won EU funding for a 4MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world.

about 2 years ago

Business & Finance

RINA teams up with PCF, Oceania on low-carbon LNG production and bunkering project in Port Hedland

Pilbara Clean Fuels (PCF), Oceania Marine Energy, and Italy’s classification society RINA have signed a Memorandum of Understanding (MoU) to develop an ‘end-to-end’ low-carbon profile LNG production and marine vessel bunkering capability concept for the port of Port Hedland. The three companies plan

about 2 years ago

Business & Finance

India’s GRSE partners with Shift Energy and SeaTech Solutions to build electric tugs

Indian defense shipyard Garden Reach Shipbuilders and Engineers (GRSE) has signed a Memorandum of Understanding (MoU) with Shift Energy Group, SeaTech Solutions International Pte Ltd, and the American Bureau of Shipping (ABS) to develop Electric Tugs, named E-VOLT 50. The deal is part of India’s amb

about 2 years ago

Business & Finance

TotalEnergies dishes out millions for stake in huge renewable Morocco-UK power project

TotalEnergies has expanded its portfolio by acquiring a minority stake in Xlinks First Limited, a company founded in 2019 in the UK.

about 2 years ago

Business & Finance

Survey deal for buried subsea pipelines knocks on Kraken Robotics’ door

Kraken Robotics has been hired by an undisclosed company for a specialized sub-seabed survey to map the exact location and integrity of buried pipelines.

about 2 years ago

Business & Finance

€307 million set aside for Italy-Tunisia subsea interconnection

The signing of the grant agreement for the Italy-Tunisia electricity interconnection has been welcomed by Terna and Steg.

about 2 years ago

Business & Finance

Hughes Subsea plays ‘pivotal role’ in topside and subsea work scopes for North Sea FPSO

Hughes Subsea has won a contract to provide daughter-craft diving services for an FPSO vessel operating in the North Sea.

about 2 years ago