Business & Finance
Red Light for £709M Shetland Subsea Link
Energy regulator for Great Britain Ofgem said it is unable to approve a proposal by Scottish and Southern Energy Networks (SSEN) to build a 600MW subsea electricity transmission link from Shetland to mainland Scotland. For Shetland, the cable would connect planned wind farm projects on Shetland with
Sonardyne Backs Subsea Robotics at Newcastle University
UK-based engineering firm Sonardyne is supporting a new laboratory at Newcastle University focused on marine robotics. Housed in the Armstrong Building, the Newcastle University Sonardyne Robotics and Autonomous Systems Student Laboratory contains new equipment and components for building underwater
2020 Bulkers Secures Charter for Sixth Newcastlemax Newbuild
The ship is scheduled to be delivered in January 2020.
River Thames Scheme Funding Announced as part of Surrey Flood Alleviation Program
Surrey County Council’s cabinet is set to agree £270 million of funding for long term flood risk management work across Surrey to protect homes and roads. That includes a contribution to the River Thames Scheme, which will reduce flood risk to 15,000 properties and tens of thousands of people living
Aker Solutions profit drops, but revenues rise on increased activity
Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year.
OGTC Partners with Equinor on TechX Accelerator
The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its accelerator programme, TechX, with the announcement of new industry partner – Equinor. The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. To date, 21 companies ha
Aker Solutions Outlines Low Carbon and Renewables Target
Aker Solutions said it aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. According to the company, the oil and gas industry will remain its biggest market, but over the next decade Aker Solutions plans to
Yamal LNG Carrier JV No Longer Subject to US Sanctions
The JV’s six LNG carriers were cleared of US sanctions after a change of ownership at China LNG.
Boskalis Scores €45 Million Dredging Contract in Maldives
Royal Boskalis Westminster N.V. recently won a contract by the Ministry of National Planning and Infrastructure, Republic of Maldives, in relation to the development of Gulhifalhu. The value of the contract is estimated at approximately EUR 45 million. According to Boskalis, the dredging activities
REV Ocean, ODF and NTNU Team Up on Ocean Research
REV Ocean has signed a partnership agreement with the Norwegian University of Science and Technology (NTNU) and Ocean Data Foundation (ODF). With this agreement, NTNU scientists and engineering students will be able to use the REV Ocean vessel as a research platform and apply their marine science ex
New Aframax Tanker Joins Tsakos Energy Navigation Fleet
The unit was chartered out under a long-term contract to a major U.S. oil concern.
Two Passengers Found Dead on Tallink Ferry
Bodies of two Finnish passengers have been discovered on a cruise ferry operated by Tallink.
Burton Flood Defenses Project on Target
The Environment Agency’s £30 million project to improve Burton flood defenses are right on schedule, informs the EA. The improved defenses, due to be complete in March 2021, will better protect the people of Burton from the risk of flooding. A spokesperson for the Environment Agency said: “We’re pro
NKT Inks TenneT High-Voltage Cable Systems Service Deal
NKT has been awarded a three-year service agreement contract by the German-Dutch power grid operator TenneT covering the cable jointing part of a larger offshore service agreement. The contract covers the cable jointing work for seven power cable systems and includes a tailored preparedness plan des