Business & Finance
Hugin AUVs bring over €43 million to Kongsberg
Kongsberg Maritime has secured more than NOK 450 million (around €43.7 million) in new contracts for its Hugin autonomous underwater vehicles (AUV). The Q2 2022 order income consists of a mix of recurring business with existing customers and new customers that will use the Hugin platform in their op
UK regulator to ring in the new year with new boss after current one steps down
UK’s NSTA has appointed a new Chief Executive, which will replace its current one, who is due to leave at the end of the year.
Gas leak forces key Norwegian hub into shutdown
A gas leak in a contained area related to a turbine on the Equinor-operated Sleipner A platform in Norway was reported on 11 July.
Beach de-risks Otway with largest drilling campaign in basin’s history
Beach Energy has completed its drilling campaign in Australia’s Otway Basin, describing it as a critical investment in new gas supply for the east coast.
Neptune Energy extends collaboration with TechnipFMC
Oil and gas company Neptune Energy has awarded TechnipFMC with a new contract for the delivery of technical services in Norway. The Technical Service Agreement (TSA) builds on an existing contract that is said to have been optimised to fit Neptune’s future requirements. TechnipFMC will continue prov
Two UK oil & gas players pondering merger
Kistos is contemplating making a possible cash and share offer for Serica Energy to create a “leading independent North Sea champion.”
Fincantieri inks €500M sustainability-linked loan to build cruise ships
Italian shipbuilder Fincantieri has signed a sustainability-linked revolving credit facility with compatriot bank Intesa Sanpaolo for a maximum amount of €500 million (around $505 million). According to Fincantieri, the three-year financing is aimed at covering the financial requirements of the cons
Spanish developer plans another floating wind farm in Italy
The western coast of Sardinia could see a floating wind farm of a little less than 500 MW being built by a Spain-based renewable energy developer, which is so far known to have submitted at least two applications for floating offshore wind projects in Italy. Following the recent news on Acciona’s ap
Lamprell board keen to endorse firm takeover offer
Lamprell has now received a combined takeover offer, adding another one of its shareholders into the mix.
Euronav Frontline tie-up to capitalise on sustainable shipping opportunities
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have entered into a definitive agreement to create a global independent tanker operator.
Ofgem approves Final Needs Case for Eastern HVDC subsea links
UK energy market regulator Ofgem has approved the Final Needs Case (FNC) for the proposed Eastern HVDC electricity transmission projects, conditional on the projects securing the necessary planning consent. National Grid Electricity Transmission (NGET), SP Transmission and Scottish Hydro Electric Tr
Rovco charters Vroon vessel for offshore wind campaigns
Rovco has signed an agreement with Vroon Offshore Services for the charter of offshore support vessel VOS Star for the delivery of its offshore wind projects. The 68-meter long DP2 multi-purpose support vessel will support Rovco’s offshore wind campaigns throughout 2022, including the provision of s
Harbour Energy working to establish full potential of ‘play-opening well’ in Indonesia
Harbour Energy has completed the drilling of the Timpan-1 exploration well, located 150 kilometres offshore Indonesia.
MOL Drybulk, Drax target reduced biomass shipping emissions with wind power tech
Japanese shipping company MOL Drybulk and the UK-based renewable energy company Drax Group have formed a partnership to reduce emissions and fuel costs associated with shipping biomass by deploying wind power technology on vessels. As part of their partnership, the companies plan to facilitate the d