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Business & Finance

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Orbital Marine Power gets €8M investment boost for tidal energy development
Business & Finance

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 10 months ago
Seismic reimagining program offshore Angola to back upcoming licensing round
Business & Finance
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Seismic reimagining program offshore Angola to back upcoming licensing round

A new seismic reimagining program is scheduled to be performed over Angola’s offshore Block 22 in support of the country’s upcoming licensing round. French geophysical services company Viridien, formerly CGG, announced today, December 10, a new multi-client seismic reimaging program over Angola’s “h

about 10 months ago
$25M in new contracts for Solstad Maritime CSVs
Business & Finance

$25M in new contracts for Solstad Maritime CSVs

Solstad Maritime (SOMA) has won multiple new contracts for several construction support vessels (CSVs), with the work to start this and next month. The contracts for the 142.6-meter-long Normand Navigator and 127.5-meter-long Normand Cutter include additional services such as remotely operated vehic

about 10 months ago
Prysmian’s R&D activities get €300 million EIB boost
Business & Finance

Prysmian’s R&D activities get €300 million EIB boost

The European Investment Bank (EIB) has approved a €300 million financing package for Prysmian that will support the Italian cabling giant’s research and development (R&D) activities with the ultimate goal of accelerating energy security and digitalization in Europe. The financing will support Prysmi

about 10 months ago
€30 million EU project launches to push UK wave energy
Business & Finance

€30 million EU project launches to push UK wave energy

A consortium of six companies has launched a project aimed at addressing the competitiveness and bankability of wave energy farms by validating the technology in conditions required for large-scale deployment in UK waters. The consortium includes European Marine Energy Centre (EMEC), The University

about 10 months ago
Juniper platform - BP
Business & Finance

BP fires up more gas wells off Trinidad as terminal electrification works continue in Azerbaijan

While construction activities for its terminal electrification project are underway in Azerbaijan, the UK-headquartered energy giant BP has drilled and put into production mode three remaining wells in its seven-well drilling campaign off the coast of Trinidad and Tobago.

about 10 months ago
Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan
Business & Finance

Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan

Taiwan-based Dong Fang Offshore (DFO) has signed a shipbuilding contract with Norwegian shipyard Westcon for the delivery of a subsea and cable laying vessel (CLV), a move said to come due to the need for installation capacity in Taiwan, as another DFO vessel will be working in Europe until the end

about 10 months ago
Illustration; Source: BOTAŞ
Business & Finance

Türkiye bolsters its LNG arsenal as BOTAŞ pens two ten-year deals with SEFE and Eni

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has inked two long-term liquefied natural gas (LNG) agreements with Italy’s energy giant Eni and Germany’s Securing Energy for Europe (SEFE) to ensure the country’s energy security.

about 10 months ago
TechnipFMC picked for flexible pipe for Ithaca’s Scottish field
Business & Finance

TechnipFMC picked for flexible pipe for Ithaca’s Scottish field

North Sea oil & gas operator and producer Ithaca Energy has appointed TechnipFMC to deliver flexible pipe for its development in the UK North Sea. Under a contract defined as significant, TechnipFMC will design, manufacture, and install flexible risers, flowlines, and associated hardware for the Cap

about 10 months ago
UK opens second carbon storage licensing round
Business & Finance

UK opens second carbon storage licensing round

The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers

about 10 months ago
Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects
Business & Finance

Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects

UK-based Enshore Subsea has secured three initial projects for offshore grid systems in Germany under a six-year framework agreement with French cable systems designer and manufacturer Nexans. Enshore Subsea is responsible for installing the Wadden Sea sections of the submarine cable system for the

about 10 months ago
Man pointing at offshore platform
Business & Finance

‘Largest UK independent oil & gas producer’ arises with TotalEnergies-NEO NEXT upstream merger

French energy giant TotalEnergies is set to merge its upstream business with NEO NEXT, creating what is said to be the largest independent oil & gas producer in the UK. The partners have signed an agreement under which TotalEnergies will merge its upstream business with NEO NEXT and become the leadi

about 10 months ago
EU flag; Credit: Adrijana Buljan, Editor-in-Chief at offshoreWIND.biz, Offshore-Energy.biz's sibling site
Business & Finance

Europe urged to step-up its renewable hydrogen game

The Renewable Hydrogen Coalition (RHC), as the voice of the value chain, encompassing renewable energy suppliers, start-ups, investors, and industrial offtakers dedicated to making Europe the global leader in renewable hydrogen solutions, has called on the European decision-making realms and leaders

about 10 months ago
20,000 CBM LNG bunkering vessel – AiP granted by DNV; Source: Deltamarin
Business & Finance

Thumbs-up for Deltamarin’s five eco-efficient vessel designs from DNV and Lloyd’s Register

Finland’s marine engineering player Deltamarin has secured multiple approvals in principle (AiPs) from DNV and Lloyd’s Register (LR) for its next-generation vessel designs that come with a range of innovative concepts, including hybrid and wind-assisted propulsion solutions, enhanced safety redundan

about 10 months ago