Business & Finance
Marine Power Systems looking for wind turbine supplier
Marine Power Systems (MPS) has launched a tender searching for a contractor to support the engineering, procurement and construction management (EPCM) of the wind turbine system for its combined wave energy and floating wind solution. Applicants are invited to submit their expressions of interest by
IOG takes final step to first gas from UK project
IOG is finishing the final works required for the start-up of its Saturn Banks Project – Phase 1 to bring it online next week.
LS Cable & System expanding cable factory as demand increases
South Korean cable manufacturer LS Cable & System is expanding its Donghae factory to meet the increasing demand for subsea cables. The company signed a contract on 23 February for the purchase of the expansion site with the city of Donghae. The new factory will include manufacturing facilities, sub
Austria’s OMV stops pursuing investments in Russia due to Ukraine crisis
Austria’s oil and gas company OMV is also reevaluating its engagement in Russia following the attack on Ukraine.
Southeast National Marine Renewable Energy Center sketches expansion plan
Florida Atlantic University has revealed its plans to expand the Southeast National Marine Renewable Energy Center (SNMREC) with new university partnerships, capabilities and opportunities this year. The next steps for SNMREC’s expansion include formalizing the consortium, coordinating testing, rese
Thermoplastic composite pipes significantly more eco-friendly than carbon steel pipes, report says
A report launched by DNV, Strohm, and the Non-Metallic Innovation Centre (NIC) has shown that thermoplastic composite pipes (TCP) have a significantly lower carbon footprint, in the range of 30-60%, than an equivalent carbon steel pipeline solution. The report outlines the results from a joint indus
Viking Link interconnector to get second NIB loan
The Nordic Investment Bank (NIB) has signed a ten-year loan agreement with Danish transmission system operator (TSO) Energinet to increase the co-financing to construct the Viking Link interconnector between Denmark and the UK. The DKK 1.5 billion (approximately €201.67 million) loan is expected to
Empyrean in talks with Chinese partners to confirm rig slot for ‘one of the highest impact wells’ in 2022
Empyrean is engaged in further discussions with COSL and CNOOC to finalise a spud date for the Jade prospect well, located offshore China.
Norwegian player seals two walk-to-work deals with DOF Subsea
Uptime International has won two contracts with DOF Subsea for the provision of walk-to-work systems on one of its vessels.
U.S. offshore rig count stands firm for two consecutive weeks
The number of offshore rigs in the U.S. remained moored at 12 units without any upward or downward deviations for two weeks in a row.
Subsea 7 eyes large contract award after getting FEED study work
Subsea 7 has secured a contract from Equinor for the FEED study for the marine installations associated with the Krafla project off Norway.
Nord Stream 2 operator denies reports about filing for bankruptcy
Following reports that Nord Stream 2 AG has filed for bankruptcy, the Swiss-based company and the operator of the Russian gas pipeline has said it “cannot confirm” such reports.
Energean step closer to Karish first gas following connection to Israel’s network
Oil and gas exploration and production company Energean has connected the Karish offshore gas field to the Israel National Gas Line,
Ratings of Wintershall Dea on review for downgrade over Russian projects ties
Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.