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Business & Finance

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Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

2019-built rig changing hands thanks to $480 million sale deal

A six-year-old semi-submersible rig, managed by Odfjell Drilling and owned by Northern Ocean, is getting a new owner, as the current manager sets the stage to become the new owner of this mobile offshore drilling unit (MODU).

about 11 months ago
Nexans Electra
Business & Finance

Nexans Electra makes a splash, sea trials set for spring (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) Nexans Electra has been launched from the dock hall at Ulstein Verft in Norway, marking the start of the finalizing phase of testing and tuning before delivery next year. The vessel is nearing the completion of the outfitting phase, which has include

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about 11 months ago
Lukoil
Business & Finance

Russian oil & gas giant set on preventing ops disruption during divestment talks

Moscow-headquartered energy giant PJSC Lukoil is doing its utmost to ensure all operations at its assets are functioning properly during the sale discussions, shortly after receiving a bid from Switzerland’s Gunvor Group for its international portfolio of assets.

about 11 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

New gig keeping Odfjell Drilling’s 2014-built rig busy up to Q2 2029

Odfjell Drilling, a 52-year-old offshore drilling player, has landed a new assignment for one of its semi-submersible rigs, which will enable the unit to be booked until the second quarter of 2029.

about 11 months ago
BRANDED CONTENT
TAP Air Portugal – Connecting the world’s maritime industry
Business & Finance

TAP Air Portugal – Connecting the world’s maritime industry

With 80 years of history, TAP Air Portugal is proud to be the leading airline connecting Europe, Africa, and the Americas. Operating more than 1,200 weekly flights to 90 destinations across 30 countries, TAP plays a vital role in linking key global trade and energy hubs. Recognising the specific ne

about 11 months ago
Normand Ocean
Business & Finance

Solstad vessel to keep sailing with DeepOcean in 2027, instead of work with Prysmian

A construction support vessel (CSV) owned by Norway’s Solstad Maritime is set to return to work for DeepOcean in 2027 instead of beginning a five-year contract with Italian cabling giant Prysmian Group as announced in 2024. Under a contract defined as very large, meaning it is worth between $50 mill

about 11 months ago
Les Ilots Blandin floating solar farm, France. Copyright: Romain Berthiot
Business & Finance

Spanish firm acquires ‘Europe’s largest’ floating solar plant

Spain-based Velto Renewables has completed the acquisition of what is described as “Europe’s largest” 74.3 MWp Les Ilots Blandin floating solar power plant from renewable energy developer Q Energy, becoming the sole owner of the facility located in Perthes, Haute-Marne, France. The company previousl

about 11 months ago
Audacia
Business & Finance

France’s Audacia launches €150M fund dedicated to next-gen fuels

France-based growth equity firm Audacia has launched Calderion, a €150 million fund dedicated to next-generation fuels such as low-carbon hydrogen, CO2 capture, and e-fuels.

about 11 months ago
One of Solstad’s largest CSVs fully commited until end of 2027
Business & Finance

One of Solstad’s largest CSVs fully commited until end of 2027

One of the largest construction support vessels (CSVs) in the Solstad fleet has won a contract award that will keep it fully committed until the end of 2027. As Solstad Maritime (SOMA) reported, the CSV Normand Sentinel secured the award with an international subsea contractor for operations worldwi

about 11 months ago
DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992
Business & Finance

DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992

Norway’s state-owned oil & gas giant Equinor has awarded DeepOcean with a contract for subsea construction and installation activities for a project that aims to extend the production life of an oil & gas field operational since 1992. DeepOcean’s scope of work includes the installation of a subsea s

about 11 months ago
CETO technology
Business & Finance

Australian firm secures milestone payment under EuropeWave contract

Australian wave energy developer Carnegie Clean Energy has received a €351,471 payment under its EuropeWave contract, following the completion of the system integration review for the ACHIEVE program. “Thank you to the EuropeWave Project Buyers Group for their continued support!” the company said in

about 11 months ago
Fulmar Explorer
Business & Finance

2009-built source vessel to spend more time in Western Hemisphere

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its source vessel for work in the Western Hemisphere. The three-month contract extension for the 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, will

about 11 months ago
Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway
Business & Finance

Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway

Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England. The marine survey activities for the 2 GW EGL5 are expected to commence on November 23

about 11 months ago
Source: Weco
Business & Finance

Weco secures support to advance scalable wave energy solutions

The Hague-based Wave Energy Collective (Weco) has raised €600,000 to accelerate the development and testing of its modular wave energy technology. According to Weco, the investment comes from the Netherlands Enabling Water Technology fund (NEW-ttt), Init Power, and Cyriel de Jong. The company said t

about 11 months ago