Business & Finance
Waves4Power targets global markets with Bnd-Engineering partnership
Swedish company Waves4Power has formed strategic partnership with Dutch engineering specialist Bnd-Engineering in a move to commercialize and deploy its WaveEL wave energy system globally.
Everfuel inks hydrogen supply deal for zero-emission ship concept
Danish green hydrogen fuel provider Everfuel A/S has signed a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for the supply of hydrogen to a new zero-emission shipping solution. Under the cooperation deal, Everfuel will be responsible for delivery of hydrogen
Petrofac extends $700 million loan
Oilfield services provider Petrofac has extended $700 million of its banking facilities at its request with the unanimous support of lenders.
Zero-emission wind turbine installation solution gets financial push
Nekkar has secured a NOK 21 million grant from Innovation Norway to progress with the development of SkyWalker, its disruptive wind turbine installation solution. SkyWalker uses active heave compensation derived from offshore lifting systems combined with digital solutions that allow for remote-cont
Simec Atlantis in talks with UK government for MeyGen’s next phase
Simec Atlantis has informed about ongoing talks with the UK government regarding the support mechanisms necessary for the expansion of the MeyGen tidal energy project.
Norwegian oil fund partners with Ørsted on Borssele 1&2 offshore wind farm
Ørsted has signed an agreement with Norges Bank Investment Management (NBIM) to divest a 50% ownership share in its Borssele 1 & 2 offshore wind farm in the Netherlands. As part of the deal, Ørsted will continue to provide long-term operations and maintenance services from its O&M base at the Port o
Jersey closes purchase of CIECO V&C from Japanese owners
North Sea-focused Jersey Oil & Gas (JOG) has now completed its acquisition of the entire issued share capital of CIECO V&C.
ABB and Siemens to handle electrical equipment on all Equinor facilities
ABB and Siemens Energy are awarded framework agreements by Equinor for providing the service of electrical equipment on all installations in Norway.
Report: Delek Drilling in talks to sell Tamar stake to Cairn Energy
Israel’s Delek Drilling is in talks to sell its stake in the Tamar offshore natural gas field for up to $1.1 billion, Israeli media outlets reported.
Dutch Offshore Contractors sets up dedicated subsea cable business unit
Dutch Offshore Contractors (DOC) has reorganized its growing subsea cable activities into a new dedicated business unit named DOC Cable Solutions.
Tailwind acquires Decipher Energy and its North Sea assets
UK-based oil and gas company Tailwind Energy has acquired compatriot Decipher Energy Limited which owns several assets in the UK North Sea.
Wood gets 5-year job on TAQA’s North Sea assets
Wood will build upon its 12-year relationship with TAQA following the award of a new contract across the company’s North Sea assets.
Novatek working on $11 bln Arctic LNG 2 financing
Russia’s largest independent natural gas producer Novatek reportedly aims to secure additional $11 billion financing for its Arctic LNG 2 project.
Saudi group acquires Enshore Subsea
Al Gihaz Contracting, part of Saudi-based Al Gihaz Holding, has completed the acquisition of assets, intellectual property and the management systems of subsea trenching company Enshore Subsea.