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Business & Finance

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DNV to help realize UK’s carbon capture and storage projects with quality assurance
Business & Finance

DNV to help realize UK’s carbon capture and storage projects with quality assurance

Independent assurance and risk management provider DNV Inspection has secured three-year contracts to provide quality assurance for two of the UK’s first carbon capture and storage (CCS) projects. DNV is set to deliver site inspection, quality assurance and quality control services for Net Zero Tees

about 1 year ago
Petrobras awards DOF with two new long-term contracts worth over $275M
Business & Finance
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Petrobras awards DOF with two new contracts worth over $275M

Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy giant Petrobras that have a combined value of more than $275 million. Skandi Carla and Geoholm have been contracted on four-year charters with Petrobras as remotely operated vehicle (ROV) suppor

about 1 year ago
Borgsten Dolphin rig; Source: Geo Therm
Business & Finance

Dolphin Drilling makes partial payment as settlement talks continue in multi-million tax case

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has paid in part the amount required to comply with the UK Supreme Court’s decision in a historic corporation tax liability case, which

about 1 year ago
Nexans to deliver second Malta-Italy interconnector, ten years after the first one
Business & Finance

Nexans starts cable production for second Malta-Italy interconnector (Video)

Nexans has produced and shipped approximately half of the total fiber optic cable length from Norway to the U.S. to be integrated into the high-voltage subsea cable destined for the second Malta-Sicily interconnector. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC elect

about 1 year ago
Noble Intrepid jack-up rig; Source; Noble Corporation
Business & Finance

Go-ahead for Noble rig to spud North Sea hydrocarbon prospect this month

DNO Norge, a subsidiary of Norwegian oil and gas player DNO, has secured a drilling permit, which will enable it to drill a well in the North Sea off the coast of Norway with a rig owned by Noble Corporation, a U.S.-headquartered offshore drilling giant.

about 1 year ago
llustration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales/Archive)
Business & Finance

UK opens Allocation Round 7 for contracts for difference scheme

The UK government opened the application window for Allocation Round 7 (AR7) of the Contracts for Difference (CfD) scheme on August 7, 2025. The window will remain open until August 27, 2025. The CfD scheme has so far supported 10 GW of renewable capacity, with another 23 GW contracted to be operati

about 1 year ago
Following upgrades, European JV-owned cable layer goes to 1.1 GW Irish offshore wind farm
Business & Finance

Following upgrades, European JV-owned cable layer goes to 1.1 GW Irish offshore wind farm

A cable-laying vessel (CLV) jointly owned by the UK’s Enshore Subsea and Belgian Herbosch-Kiere has undergone a targeted upgrade program following the completion of a project in Senegal. Under a $200 million contract, the companies’ Dakar Marine Link joint venture was in charge of delivering onshore

about 1 year ago
Petronas forges partnership with Norwegian firm for sustainable underwater operations
Business & Finance

Petronas targets sustainable underwater operations via partnership with Norwegians

Malaysian state-owned oil and gas company Petronas has partnered up with Norwegian high-tech underwater robotics company Eelume with the aim of advancing sustainable underwater operations. The collaboration is said to support the continued development, enhancement and deployment of an advanced subse

about 1 year ago
Fugro logo
Business & Finance

Fugro’s largest-ever Asia Pacific award is for Eni’s deepwater gas fields

The Netherlands-headquartered Fugro is set to perform site investigations for Italy’s energy giant Eni in Indonesia under its largest-ever award in the Asia Pacific (APAC) region. In its latest financial results report, Fugro revealed it had been tasked with a site characterisation program for the d

about 1 year ago
Danish project to develop drone for protecting critical underwater infrastructure
Business & Finance

Danish project to develop drone for protecting critical underwater infrastructure

A new Danish research and innovation project, led by Teledyne RESON, is looking to develop a drone that can capture and immobilize unwanted underwater vehicles, thereby protecting critical underwater infrastructure such as pipelines, communication cables, and offshore wind farms. The project named U

about 1 year ago
Solstad agrees three-year service deal with compatriot Port Vantage
Business & Finance

Solstad agrees three-year service deal with compatriot Port Vantage

Norwegian Solstad Offshore and Solstad Maritime have signed a three-year framework agreement with compatriot Port Vantage covering support and services across multiple locations where Solstad operates. The agreement covers the delivery of maritime support services, including technical maintenance, l

about 1 year ago
CIP takes 70% stake in H2APEX’s hydrogen project in Lubmin
Business & Finance

CIP takes 70% stake in H2APEX’s hydrogen project in Lubmin

Copenhagen Infrastructure Partners (CIP) has acquired a 70% majority stake in the first phase of H2APEX’s hydrogen project in Lubmin, Germany.

about 1 year ago
BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring
Business & Finance

BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring

U.S.-headquartered oilfield services player Halliburton has secured a contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, to deliver completions and downhole monitoring services for the UK’s first offshore carbon capture and storage (CCS) project

about 1 year ago
Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link
Business & Finance

‘Another vital piece of the jigsaw’ comes together for first UK-Germany energy link

UK energy market regulator Ofgem has certified the €2.8 billion NeuConnect project, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, as an Independent Transmission System Operator (TSO), a prerequisite necessary before the link bec

about 1 year ago