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Lundin rebrands to Orrön Energy as it becomes pure-play renewables business
Business Developments & Projects

Lundin rebrands as Orrön Energy after ditching E&P business

Lundin Energy has changed its name to Orrön Energy to reflect its new status as a pure-play renewables business.

about 4 years ago
European TSO on the lookout for services offshore Germany
Business Developments & Projects

North Sea TSO seeking service providers offshore Germany

Dutch-German transmission system operator (TSO) TenneT has begun two tendering processes looking for providers of offshore services in Germany.

about 4 years ago
A photo of an offshore wind farm in sunset
Business Developments & Projects

European utility probing market for Tier 1 offshore wind contractors

A European electricity company has invited component manufacturers and services providers to engage in a preliminary market consultation to determine the current market capabilities within the offshore wind industry before the start of the potential procurement process.

about 4 years ago
net zero
Business Developments & Projects

Study: Only 35% of major shipping companies pledged to become net zero by 2050

Only 33 out of 94 (35%) of the world’s major shipping companies have a clearly expressed target to be net zero by latest 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to the 2008 level, a new study shows.

about 4 years ago
All systems go for Wintershall Dea to bring North Sea tie-back on stream
Business Developments & Projects

All systems go for Wintershall Dea to bring North Sea tie-back on stream

Wintershall Dea has secured all approvals from the Norwegian authorities to start production from a field in the North Sea off Norway.

about 4 years ago
Aker BP - Lundin merger to come into force today
Business Developments & Projects

Aker BP – Lundin merger to come into force today

Aker BP expects the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, to be completed today.

about 4 years ago
Vår Energi enters strategic supplier partnership for upcoming subsea projects
Business Developments & Projects

Vår Energi enters strategic supplier partnership for upcoming subsea projects

Vår Energi has entered into a strategic partnership agreement with Aker Solutions, Havfram and Saipem for the delivery of subsea production systems for all upcoming subsea projects for the next five years. As disclosed, the partnership covers the fabrication, delivery, and installation of subsea pro

about 4 years ago
Norway
Business Developments & Projects

Norway supports 5 new shore power projects

Enova, a Norwegian government enterprise, is supporting five new shore power projects in the country with NOK 34 million (about $3.4 million).

about 4 years ago
Italy’s Saipem bags $1.25 billion for onshore & offshore deals in Middle East
Business Developments & Projects

Onshore & offshore deals in Middle East bring Saipem $1.25 billion

Saipem has been awarded multiple onshore extensions and new offshore contracts in the Middle East, totalling around $1.25 billion.

about 4 years ago
Shell joining Equinor’s deepwater Gulf of Mexico project as operator
Business Developments & Projects

Shell joining Equinor’s deepwater Gulf of Mexico project as operator

Equinor has inked a deal to transfer a majority stake and operatorship of its field in the Gulf of Mexico to Shell.

about 4 years ago
Floating solar farm (Courtesy of Skyfri)
Business Developments & Projects

Skyfri bags contract for floating solar project in India

Bharat Heavy Electricals Limited (BHEL) has awarded an asset operations contract to Norway-based cleantech company Skyfri for its floating solar project in Kerala, India.

about 4 years ago
Following upgrades, world’s first hybrid-electric anchor handler completes sea trials
Business Developments & Projects

World’s first hybrid-electric anchor handler completes sea trials

Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.

about 4 years ago
UK’s first HVDC cable factory receives planning approval
Business Developments & Projects

UK’s first HVDC cable factory receives planning approval

The North Ayrshire Council Planning Committee has granted planning permission for XLCC to build the first HVDC subsea cable factory in the UK. The HVDC subsea cable manufacturing facility, which will be located in Hunterston, Scotland, received the planning approval on 29 June. Construction is expec

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Business Developments & Projects

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
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