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Business & Finance

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Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

UK firm set on quadrupling gas and hydrogen energy storage capacity with new license push

With energy storage capacity growth in mind, EnergyPathways, the England-based energy transition-focused player, is moving forward with its expansion aspirations by pursuing new storage license applications for its proposed large-scale offshore wind-powered energy storage project in the East Irish S

about 1 year ago
Illustration; Source: Novatek
Business & Finance
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EU puts its foot down on Russian oil & gas imports with gradual phase-out

The latest step taken to end the EU’s dependence on Russian fossil fuels is contained within its plans to gradually ban imports of oil, gas, and liquefied natural gas (LNG) from next year, with limited exceptions for existing short-term and long-term contracts. This legislation is described as a res

about 1 year ago
Nigerian oil & gas firm orders two new UK-made remotely operated vehicles
Business & Finance

Nigerian oil & gas firm orders two new UK-made remotely operated vehicles

UK’s Forum Energy Technologies (FET) has secured an order from Nigerian oil & gas company Marine Platforms (MPL) for the delivery of two of its new generation work-class remotely operated vehicles (WROVs). The contract secured by FET’s Subsea product line marks the first sale of the XLX EVO III, whi

about 1 year ago
HelioRec
Business & Finance

HelioRec seeks partners to boost global floating solar presence

French floating solar company HelioRec is looking to strengthen its global footprint by partnering with distributors and commercial representatives for its floating solar systems. According to the company, its patented technology is designed for lakes and nearshore areas, providing a “reliable and c

about 1 year ago
Ramform Tethys
Business & Finance

TGS wins new contracts in Gulf of America and Africa

Norwegian energy data and intelligence company TGS has secured two new acquisition contracts, one in the Gulf of America (Gulf of Mexico) and another in Africa, both expected to start by the end of the year. TGS has been awarded an ocean bottom node (OBN) acquisition contract in the Gulf of America

about 1 year ago
WATCH: NKT Eleonora gets first taste of water
Business & Finance

WATCH: NKT Eleonora gets first taste of water

NKT’s cable-laying vessel (CLV) NKT Eleonora has entered the water for the first time following the launch of its aftship, set to be connected to the foreship at a separate location. The official keel laying took place on January 15 at one of VARD’s facilities in Romania, some two months after the f

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

Triple contract win for Saipem in Azerbaijan valued at $600M

Italian engineering, drilling, and construction services firm Saipem has secured three new contracts for a gas project in Azerbaijan operated by UK-headquartered energy giant BP, which together have a value of approximately $600 million. The offshore contracts were awarded in consortium with BOS She

about 1 year ago
DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities
Business & Finance

DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities

Ocean services provider DeepOcean has entered into a time charter agreement with Glomar Offshore for a 2009-built multipurpose support vessel to enhance its survey and inspection, maintenance and repair (IMR) offering in the offshore wind and oil & gas sectors. Glomar Supporter will join DeepOcean’s

about 1 year ago
Skandi Olympia
Business & Finance

DOF continues its winning streak with Petrobras with two new contracts

Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy company Petrobras that have a combined value of approximately $200 million. Skandi Chieftain and Skandi Olympia have been awarded four-year charters, with both vessels to operate with one work-c

about 1 year ago
George W. Goethals
Business & Finance

New Jan De Nul subsea rock installation vessel to sport Seatools’ fall pipe ROV

The Netherlands-headquartered subsea technology company Seatools has secured a contract with Jan De Nul for the design and delivery of a fall pipe ROV for the recently ordered subsea rock installation vessel (SRIV) George W. Goethals. The fall pipe ROV, to be installed at the lower end of the vessel

about 1 year ago
Site studies certification needed for 4 GW Dutch offshore wind zone
Business & Finance

Tekmar, Jan De Nul sign framework agreement for TenneT’s 2 GW offshore grid

Tekmar Group has signed a framework agreement with Jan De Nul for the engineering, manufacturing, and supply of the cable protection system (CPS) for TenneT’s 2 GW offshore grid connection program in Germany. The first awards under the agreement cover two projects. Work has commenced immediately on

about 1 year ago
COSL Prospector rig; Source: Canarship
Business & Finance

All systems go for Equinor’s drilling ops with Transocean and COSL rigs

Equinor has secured the go-ahead from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with semi-submersible rigs owned by Transocean and COSL Drilling Europe, two offshore drilling contractors.

about 1 year ago
Reach Subsea
Business & Finance

Road to full certification: Norwegian USV cleared to ditch support vessel

Norway’s Reach Subsea has secured a trading permit to operate its Reach Remote 1 uncrewed surface vessel (USV) entirely through remote operations without a support vessel, marking an important step towards full certification. The permit, issued by the Norwegian Maritime Authorities with technical va

about 1 year ago
New CEO to take the lead at Nexans
Business & Finance

New CEO to take the lead at Nexans

French cable systems designer and manufacturer Nexans has appointed a new chief executive officer (CEO), effective immediately. Nexans‘ Board of Directors has resolved to appoint Julien Hueber as the new CEO and to part ways with Christopher Guérin, who held the position for seven years. Guérin will

about 1 year ago