Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm. According to Acteon, Buckthorn and OEP are making a substantial investment in the bus
UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required fo
North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i
Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.
The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has opened applications for the sixth annual Marine Energy Collegiate Competition (MECC). In the 2025 MECC, multidisciplinary teams are tasked with integrating marine energy with blue economy applications like ocean-power
Reach Subsea has sea-launched the first unit of its Reach Remote fleet of uncrewed 24-meter surface vessels (USVs), which will, as the Norwegian company says, “revolutionize offshore subsea operations, aligning with sustainability initiatives”. The first Reach Remote unit was sea-launched on Monday,
Fugro’s geophysical vessel Fugro Pioneer is ready to be equipped with methanol engines following the conversion of the main components on board. The vessel was converted in the Netherlands as part of the Fugro-led Methanol as Energy Step Towards Emission-free Dutch Shipping (MENENS) consortium with
The UK Government has granted a development consent order (DCO) for a newbuild CO2 pipeline that will transport CO2 from capture plants across the North West of England and North Wales to permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The Secre
Norwegian shipping company Rem Offshore has placed an order with compatriot Myklebust Verft for the construction of an energy subsea construction vessel (ESCV) said to be the first of its kind to perform heavy construction work in both offshore wind and subsea with net zero emissions. According to R
UK energy market regulator Ofgem has selected a 2 GW high-voltage direct current (HVDC) subsea cable as the first project to proceed under the new fast-track process and to receive a provisional £2 billion funding package. Eastern Green Link 1 (EGL1) is being developed by National Grid Electricity T
Swedish bearing and seal manufacturing company SKF has taken part in the Board of Ocean Energy Europe, a network of ocean energy professionals, as a Lead Partner. Michael Baumann, Global Application Account Manager Ocean Energy, will be representing SKF on the board. “OEE is the largest global ne
The Faroe Islands, a self-governing country within the Kingdom of Denmark, and the European Union have signed a Memorandum of Understanding (MoU) to, among other things, work together on the green transition, energy and climate change. Faroese Prime Minister Aksel V. Johannesen and EU Commission Pre
Shortly after securing a 100-day project charter for the subsea vessel, Norway-headquartered Reach Subsea has extended the charter for Olympic Taurus due to a “solid backlog and substantial tender pipeline for the coming periods”. In mid-February, Reach Subsea announced a 100-day project charter for
U.S. National Hydropower Association (NHA) and Marine Renewables Canada (MRC) have inked a memorandum of understanding (MoU) to improve the development of marine energy resources. This partnership emphasizes the commitment of both organizations that are dedicated to advancing marine energy solutions
