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Business & Finance

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Another Solstad CSV to work for Petrobras, deal worth $108M
Business & Finance

Another Solstad CSV to work for Petrobras, deal worth $108M

Norwegian shipping company Solstad Offshore has secured another contract with Brazilian oil & gas company Petrobras for a construction support vessel (CSV). The CSV Normand Commander will be on a bareboat contract from the vessel owner Solstad Maritime (SOMA) to Solstad Offshore, who holds the contr

about 1 year ago
Van Oord kicks off dredging works for Poland’s FSRU terminal in Gulf of Gdańsk; Source: Gaz-System
Business & Finance

Van Oord on dredging mission to lay the groundwork for Europe’s next FSRU

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Dutch marine contractor Van Oord has set off on a dredging quest to prepare the site where Poland’s floating storage and regasification unit (FSRU) will be stationed as part of a liquefied natural gas (LNG) terminal in the Gulf of Gdańsk, representing a new gas entry point for the European country.

about 1 year ago
Fugro picks up survey contracts for UAE field developments
Business & Finance

Fugro picks up survey contracts for UAE field developments

The Netherlands-headquartered Fugro has secured a series of contracts for offshore and onshore site surveys in the United Arab Emirates, supporting two of the country’s largest energy field development programs. Work is set to begin in August 2025. The scope includes geophysical and geotechnical inv

about 1 year ago
CMA CGM
Business & Finance

Finnish cleantech company Hycamite receives financial backing from CMA CGM

Hycamite TCD Technologies, a Finland-based cleantech company specializing in low-carbon hydrogen production, has welcomed CMA CGM, a France-based shipping and logistics major, as a new strategic investor.

about 1 year ago
Port of Nigg’s owner passes the baton to Japanese investor
Business & Finance

Port of Nigg’s owner passes the baton to Japanese investor

Global Energy Group (GEG) has concluded an agreement with Japanese company Mitsui & Co. for the sale of its group companies, including The Port of Nigg.

about 1 year ago
Mark Rasmusen and Barry Summers shaking hands
Business & Finance

IKM Testing gets €26M in new contracts, appoints regional director

IKM Testing UK, a company within the IKM Group, has appointed Barry Summers as its new Regional Director, following the retirement of Mark Rasmusen. The move comes as the company reports £23 million (approximately €26,5 million) in new contract awards during the first half of 2025, just 14% short of

about 1 year ago
Two offshore platforms connected by a bridge
Business & Finance

Energean and INA sanction €71M investment in Adriatic gas project

UK-based oil and gas player Energean and Croatia’s national petroleum company Industrija nafte (INA) have taken a final investment decision (FID) for the development of a gas field offshore Croatia.

about 1 year ago
EU flags
Business & Finance

EU at energy crossroads: €700 billion to triple US oil, gas, and nuclear imports puts Europe’s decarbonization at risk

The European Environmental Bureau (EEB), said to be Europe’s largest network of environmental non-government organizations (NGOs), has portrayed the new trade deal between the European Union (EU) and the United States (U.S.) in a different light from the one presented by the European Commission, whi

about 1 year ago
Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo
Business & Finance

Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo

UK shipping company Union Maritime has closed a $130 million delivery financing agreement for two newbuild long-range (LR2) tankers that will be fitted with LNG dual-fuel and wind-assisted propulsion solutions.

about 1 year ago
Noble Sam Croft drillship; Source: Noble Corporation
Business & Finance

Noble’s rigs and Kongsberg Maritime’s tech opening doors to drilling innovation

Noble Corporation, a U.S.-based offshore drilling giant, has joined forces with Kongsberg Maritime, a Norway-headquartered marine technology player, to drive the creation of advanced marine technologies for the offshore drilling realm.

about 1 year ago
Armada platform
Business & Finance

UK operator gets $200K fine for vent breaches at North Sea gas hub

As Great Britain’s regulator, North Sea Transition Authority (NSTA), tightens the noose on excessive emissions of greenhouse gases by tackling flaring and venting activity, Chrysaor, which became part of Harbour Energy in 2021, has been fined £150,000 ($200,269.5) for vent breaches at its offshore p

about 1 year ago
Carnegie unlocks funding for European wave energy push
Business & Finance

Carnegie unlocks funding for European wave energy push

Australian wave energy developer Carnegie Clean Energy has received two milestone payments totalling €290,855 under the EuropeWave Phase 3 contract, supporting the company’s ACHIEVE Program and the first European deployment of its CETO wave energy technology. The payments, made to Carnegie’s wholly

about 1 year ago
Tor Boreas. Source: Inyanga Marine Energy Group
Business & Finance

New hybrid utility vessel for offshore ops now managed by Inyanga Marine Energy

UK-based Inyanga Marine Energy Group has assumed operational management of the newly built Tor Boreas, a hybrid utility vessel developed for offshore wind operations. According to Inyanga, the 26.95-meter vessel will be operated in partnership with compatriot company, Tor Group, and is designed for

about 1 year ago
Repsol backs Stargate Hydrogen’s global electrolyzer scale-up
Business & Finance

Repsol backs Stargate Hydrogen’s global electrolyzer scale-up

Stargate Hydrogen has entered into an alliance with Repsol through a transaction in which Repsol’s corporate venture arm acquired a minority stake in Stargate to support its international growth, manufacturing scale-up, and technology development.

about 1 year ago