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Business & Finance

New Asso.subsea cable layer to sport automation system from Finnish company

Greece’s Asso.subsea has placed an order with a firm headquartered in Finland for an Integrated Automation System (IAS) to be delivered for its DP 2 cable-laying vessel (CLV) currently being built in China. Valmet will supply its automation technology for the vessel named Althea, which the China Mer

about 11 months ago

Business & Finance

Svitzer buys into Norwegian maritime services company

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Denmark-based towage service provider Svitzer has acquired a majority stake in Norwegian maritime services company Buksér og Berging.

about 11 months ago

Subsea mooring installation call keeps DOF vessel offshore Australia

Business & Finance

DOF gets call from the Atlantic from BP

Norwegian vessel owner DOF Group has secured a three-year firm, with two-year options, contract with UK-headquartered energy giant BP for subsea services in the Atlantic region. DOF said it would deploy a high-capability subsea vessel to support BP with subsea construction, installation, repair, and

about 11 months ago

Business & Finance

GreenH making strides in developing green hydrogen projects

Taking the next step in the development of green hydrogen hubs, Norwegian company GreenH has selected compatriot Nel ASA as the technology provider for its projects in Kristiansund and Slagentangen.

about 11 months ago

Business & Finance

Large contract win gives Ocean Installer more work with Vår Energi

Norway’s marine construction and operations player Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a contract defined as large with compatriot oil & gas player Vår Energi for the Balder Next development. Under the contract that is expected to bring NOK 1-2 billion ($98-$196 m

about 11 months ago

Business & Finance

Port of Newcastle taps HPC to drive Clean Energy Precinct project forward

Australia’s Port of Newcastle has appointed German port and logistics consultancy HPC Hamburg Port Consulting to develop a final business case for its Clean Energy Precinct (CEP) project.

about 11 months ago

Business & Finance

WATCH: NKT Eleonora parts to come together in Tulcea

The aftship of NKT’s new cable-laying vessel (CLV) NKT Eleonora has arrived at another Vard shipyard in Romania to be connected to the foreship and superstructure. To remind, NKT Eleonora entered the water for the first time in mid-October following the launch of its aftship at VARD’s shipyard in Br

about 11 months ago

Business & Finance

Equinor gearing up to spud Barents Sea wildcat with COSL rig

Norway’s state-owned energy giant Equinor has obtained the all-clear from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 11 months ago

Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals

Business & Finance

‘Major’ North Sea operator renews Vallourec’s contract

French provider of tubular solutions Vallourec has secured the renewal of a multi-year contract with an undisclosed operator in the North Sea for the supply of oil country tubular good (OCTG) products, accessories, and integrated services. Vallourec said it was in charge of providing logistics, main

about 11 months ago

Deepsea Yantai; Source: Odfjell Drilling

Business & Finance

Norwegian duo’s asset exchange paving the way for North Sea oil & gas discovery’s development

An oil and gas discovery in the North Sea, which is expected to reap the benefits of a decision by two Norwegian oil and gas players, Aker BP and DNO, to swap assets, is now poised to witness an acceleration of its development off the coast of Norway.

about 11 months ago

Sval Energi closes Equinor and Suncor deals worth $1.3 bln

Business & Finance

Equinor keeps Aker Solutions busy on inspection missions across over 15 oil & gas assets

Norwegian state-owned energy giant Equinor is retaining Aker Solutions as its inspection services provider across more than 15 onshore and offshore facilities in Norway, thanks to a multi-year contract extension.

about 11 months ago

Business & Finance

Chinese shipyard starts building Asso.subsea’s new cable-laying vessel

The China Merchants Heavy Industry shipyard has begun the construction of a DP 2 cable-laying vessel (CLV) ordered by Greece’s Asso.subsea for the offshore wind market. The steel-cutting ceremony for Althea was held today, November 5, at the CMHI shipyard on Mazhou Island, Shenzhen, China. “The firs

about 11 months ago

Business & Finance

Survey to begin on damaged section of almost 40-year-old interconnector

The UK National Grid is about to begin a marine survey of a damaged section of an interconnector between France and the UK that has been operating since 1986. The survey of the IFA 2000 submarine cable is scheduled to begin today, November 5, approximately 3 nautical miles offshore Folkestone, Kent,

about 11 months ago

Business & Finance

Stena Line takes over world’s northernmost shipping company

In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline.

about 11 months ago