Business & Finance
Prysmian finishes North Sea Link ahead of schedule
Italy’s Prysmian has completed the North Sea Link (NSL) interconnector between Norway and the UK ahead of schedule. In 2015, Norwegian system operator Statnett and UK’s National Grid awarded Prysmian with a €550 million project to deliver approximately 950 kilometers of subsea HVDC cables (1400MW, ±
Fresh UK North Sea deal for Maersk jack-up
Danish offshore rig owner Maersk Drilling has been awarded a five-month contract in the UK sector of the North Sea.
Subsea cable for new Filipino transmission project to come from Japan
Japan’s Furukawa Electric and Philippines-based S.L. Development Construction Corporation have secured a contract to deliver a subsea power transmission project in the Philippines. Furukawa Electric will supply 230 kV AC XLPE-insulated 1,600 mm2 triple-core submarine cable, and cable temperature and
Talos on the lookout for anchor partners after formalising CCS hub site
Talos is hoping to find anchor partners after executing the lease for “the first-ever major offshore” CCS site in the U.S.
CorPower Ocean set to catch investment wave at Sweden Sustaintech Venture Day
Swedish wave energy developer CorPower Ocean has been selected from 600 companies to appear at the forthcoming Sweden Sustaintech Venture Day, established to support the scale-up of sustainable businesses.
IOG adding further new gas flow into UK market
IOG has achieved the first gas from another field which is part of its Saturn Banks Project – Phase 1, located in the UK North Sea.
Subsea 7 awarded another ‘substantial’ contract
Subsea 7 has won what it defines as a “substantial contract” with an undisclosed client for the engineering, procurement, construction, and installation (EPCI) of offshore facilities, subsea pipelines, and associated infrastructure. The award, made to a consortium including Subsea 7, will be recorde
Brazil’s Pecém Port could get green hydrogen export hub
Integrated storage solutions provider Stolthaven Terminals, part of the Stolt-Nielsen Group and the Pecém Industrial and Port Complex, a joint venture formed by the Ceará State Government and the Port of Rotterdam, have signed a memorandum of understanding (MoU) for the study of a new storage termin
TotalEnergies to help transfer Myanmar staff to new operator following withdrawal
French energy major TotalEnergies is now implementing its previously announced decision to withdraw from Myanmar.
International partnership to pursue carbon storage project down under
Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have signed a Letter of Intent (LoI) to co-develop a commercial-scale carbon storage project offshore Australia. Under the agreement, PGS will be in charge of providing geological and geophysical advisory services. The two compa
U-Ming inks new sustainability-linked loan for 11 eco-friendly bulkers
U-Ming Marine Transport Corporation, one of Taiwan’s largest listed bulk carrier companies, has signed a $50 million sustainability-linked loan with ANZ Bank Taiwan to fund its fleet renewal plan.
Acteon to grow its operations by buying Oceaneering’s decom assets and staff
Claxton, Acteon’s drilling and decommissioning segment, has inked a deal with Oceaneering to acquire its decom personnel and assets.
Mitsubishi invests in Marindows to promote electric propulsion and ship digitalisation
Japanese Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed an investment into Marindows, a Tokyo-based company aiming to build an integrated digital platform for the marine industry.
Shell board facing legal action over ‘failing to properly prepare for energy transition’
ClientEarth will be taking legal action against the board of directors of Shell over “mismanaging climate risk.”