Business & Finance
PLOCAN takes the baton for MUSICA project
The Oceanic Platform of the Canary Islands (PLOCAN) has been confirmed as the new coordinator of the EU-backed MUSICA project that aims to develop a multi-use platform combining renewable energies, aquaculture, water desalination, energy storage and green support services.
Kongsberg and Norsepower join forces for rotor sail integration in maritime industry
Norwegian Kongsberg Maritime (KM) and Finnish Norsepower have signed a Memorandum of Understanding (MoU) to facilitate the integration of auxiliary wind propulsion to new and existing vessels in diverse maritime markets.
Searoutes raises $2.7M to cut shippers’ GHG emissions
Searoutes, the Marseilles-based startup that helps shippers reduce the carbon footprint of their transport, has unveiled a new, €1.3 million (about $1.5 million) financing round.
Offshore gas platform owner to test wind potential in North Adriatic
A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wind Lidars at gas platforms as part of the company’s Low Carbon Development Strategy. Lidar ZX 300M will be deployed to begin taking measurem
Tekmar CPS for Parkwind’s German offshore wind project
Tekmar Group has secured a contract with Global Offshore to supply cable protection systems (CPS) for the Arcadis Ost 1 offshore wind project in Germany. Tekmar will design, manufacture, and supply its latest generation of TekTube CPS to protect the project’s inter-array cables as they transition fr
Aibel to bank $560 million from four new contracts with Equinor
Norwegian oil and gas giant Equinor has signed contracts with Aibel worth around NOK 5 billion (about $560 million), including options.
Prysmian inks €68 million deal for new subsea power link in Italy
Prysmian has received a Letter of Award from Italian transmission system operator (TSO) Terna to develop a submarine power link between the island of Elba and the Italian mainland.
IKM Elektro to take care of Vår Energi assets in next five years
Vår Energi has entered into an agreement with IKM Elektro to support all of its operated facilities on the Norwegian continental shelf.
IOG’s North Sea project still on track for first gas after repairs on Noble rig
IOG plc expects to continue working on a UK North Sea project soon following repairs to a damaged Noble Corporation-owned rig.
Wärtsilä and MPA team up for smart port solutions
Finland-based Wärtsilä Voyage and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) to collaborate on smart port innovation and digitalisation.
North Sea 4D OBN win for Magseis Fairfield
Norway’s Magseis Fairfield has secured a conditional award for a 4D ocean bottom node (OBN) survey in the North Sea.
Lundin secures permit for Norwegian wildcat well
The Norwegian Petroleum Directorate has granted Lundin Energy Norway a drilling permit for a wildcat well in the Norwegian Sea.
Standard Drilling disposes of vessel to diversify energy investments
Standard Drilling has agreed to sell one of its large-sized PSVs for $10.3 million to increase its capital to pursue diversified investments within the energy sector.
Clock is ticking for the future of tidal stream energy in UK, industry warns
Leading figures in the marine energy sector have warned that the UK’s world-leading position in tidal energy can only be maintained with ‘practical support from Government to match its undoubted goodwill’.