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Business & Finance

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CablingDeepwater InstallationSubseaVessels & VehiclesAuthorities & GovernmentBusiness Developments & ProjectsInfrastructureOutlook & StrategyProject & TendersRegulation & PolicyTransitionVesselsVisionGreen MarineAlternative FuelsClean FuelFossil EnergyOil & GasSurveys & InterventionsInnovationTechnologySeismicExploration & ProductionProduction & ProcessingLow-Carbon TransitionCarbon Capture Usage & StorageEnvironmentStorageRigsGridOffshore WindCollaborationFPSO & VesselsDecommissioning
Prysmian’s cable layers start installing two subsea interconnections in Spain
Business & Finance

Prysmian’s cable layers start installing two subsea interconnections in Spain

Two cable-laying vessels (CLVs) owned by Italian cabling giant Prysmian Group have begun work on two submarine power interconnections in Spain, as part of contracts together worth approximately €250 million, announced in 2022. Prysmian is in charge of the design, supply, installation and commissioni

about 1 year ago
Baleària
Business & Finance

Baleària broadens network following strategic route acquisition in Spanish waters

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Spain-based ferry operator Baleària has finalized an agreement with compatriot shipping company Armas Trasmediterránea to acquire its business in the Canary Islands and the Alboran Sea, as well as part of the business in the Strait of Gibraltar, which has been purchased by Denmark’s DFDS. As part of

about 1 year ago
CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship
Business & Finance

CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship

Greek shipowner Capital Clean Energy Carriers (CCEC) has entered into an agreement to sell a Neo-Panamax container vessel and secured financing for six dual-fuel medium gas carrier (MGC) newbuilds.

about 1 year ago
'Proud moment' for Reach Subsea as its USV travels to Australia
Business & Finance

‘Proud moment’ for Reach Subsea as its USV travels to Australia

Norway’s Reach Subsea has sent off its uncrewed surface vessel (USV) on a trip to Australia where it will provide reservoir monitoring for Australia’s energy giant Woodside Energy. The Reach Remote 2 USV, which Reach Subsea took delivery of in June, is currently travelling to Australia to perform re

about 1 year ago
Shearwater to spend two months in Angola working for ExxonMobil
Business & Finance

Shearwater to spend two months in Angola working for ExxonMobil

Norway’s Shearwater GeoServices has secured another contract in Africa, this time for a deepwater ocean bottom node (OBN) seismic survey it will perform for ExxonMobil in Angola. The two-month project, secured with ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited, will begin during th

about 1 year ago
A large vessel at sea
Business & Finance

Efforts ongoing to unlock West of Shetland trio’s hydrocarbon arsenal

Ithaca Energy, a North Sea oil and gas operator and producer, has reported significant progress toward unlocking long-term value creation in the West of Shetland area through targeted value-led investment into three oil and gas projects being developed on the UK Continental Shelf (UKCS).

about 1 year ago
Equinor places order for all-electric subsea production system with OneSubsea
Business & Finance

Equinor places order for all-electric subsea production system with OneSubsea

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Norwegian state-owned energy company Equinor to deliver an all-electric subsea production system (SPS) for the Fram Sør field offshore Norway. The award fo

about 1 year ago
VARD takes on conversion job for 2010-built seismic vessel
Business & Finance

VARD takes on conversion job for 2010-built seismic vessel

Norway’s VARD is set to perform an extensive conversion of a seismic research vessel into a seismic source vessel for compatriot company Sanco Shipping. Following Sanco Shipping’s takeover of the PGS Apollo, now renamed Sanco Sailor, on July 31, the vessel sailed directly to Vard Langsten. VARD said

about 1 year ago
World-first third party CO2 storage facility begins operating with first injection completed
Business & Finance

World’s first third-party CO2 storage facility begins operating as first injection takes place

Joint venture partners Equinor, Shell and TotalEnergies have injected and stored the first CO2 volumes at the Northern Lights CO2 project in the Norwegian North Sea, marking the start of operations of what is said to be the world’s first third-party CO2 transport and storage facility. The first CO2

about 1 year ago
COSL Innovator; Source: Serica Energy via LinkedIn
Business & Finance

Fresh oil & gas discovery springs up in North Sea

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea, using one of COSL Drilling Europe’s semi-submersible rigs.

about 1 year ago
UK National Grid awards €14 billion in last round of supply chain framework awards
Business & Finance

UK National Grid awards €14 billion in last round of supply chain framework awards

The UK National Grid has completed the award of its high-voltage direct current (HVDC) civil works supply chain framework, with £12 billion (around €13.9 billion) worth of agreements confirmed, marking the third and final stage of its £59 billion supply chain framework awards. The HVDC supply chain

about 1 year ago
FPSO Triton; Source: Dana Petroleum
Business & Finance

Following FPSO restart, North Sea operator achieves first oil lifting

After resuming production from a floating production, storage, and offloading (FPSO) vessel in the North Sea, Serica Energy, a UK-based upstream oil and gas player, has completed the first lifting of oil from this unit, which is deployed on the UK Continental Shelf (UKCS).

about 1 year ago
Semco Maritime's investment in start-up to help bring USV tech to market
Business & Finance

Semco Maritime’s investment in start-up to help bring USV tech to market

Semco Maritime, a Danish engineering and contracting company operating in the conventional energy sector and offshore wind, has partnered up with London-headquartered start-up Stormborn to help bring unmanned surface vessel (USV) technology to market. Semco Maritime announced that it had made an inv

about 1 year ago
Kent buys decommissioning services firm in bid to become full-service energy provider
Business & Finance

Kent buys decommissioning services firm in bid to become full-service energy provider

As part of its goal to become a full-service partner across the energy lifecycle, Dubai-headquartered engineering and services company Kent has signed a binding agreement to acquire Exceed (XCD) Holdings Limited, a Scottish provider of well management, subsurface and decommissioning engineering serv

about 1 year ago