Greek cable manufacturer Hellenic Cables has submitted its near and long-term net-zero targets to the Science Based Targets initiative (SBTi), aiming to halve its scope 1 and 2 emissions by 2030 and cut scope 3 emissions by 25% within the same timeframe. Hellenic Cables has committed to a 50% reduct
Bilfinger UK has expanded its presence in the North East with the opening of a new fabrication facility, spurring further headcount increase.
Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.
Boskalis completed the second phase of the Busaiteen project in Bahrain recently. The work involved the construction of a large sand causeway for a five-kilometer-long, six-lane motorway. In the first phase (2018 and 2019), the Papendrecht based giant had already constructed a three-kilometer-long e
QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR to support and develop a sustainable oil and gas sector in Namibia.
Japanese research and observation company Kaiyo Engineering has acquired Cougar, an underwater robotic vehicle, from Saab Seaeye for cable burial inspection and other activities in the country’s offshore wind industry.
A joint venture partnership for a block off South Africa has secured a rig from a Norwegian contractor to drill a high-impact well.
Danish wave energy developer Resen Waves has opened an investment opportunity to support the company’s growth and global roll-out of its smart power buoys.
Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge
BW Offshore received a contract extension for an FPSO operating offshore Indonesia, which has been sold recently.
War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.
Fidelis Insurance, a Bermuda-based provider of specialty insurance and reinsurance products, is the latest company to join the new framework for responsible marine insurance.
Modern American Recycling Services (M.A.R.S.) has completed the acquisition of the DP3 diving support construction vessel (DSCV) Caballo Marango, which is said to represent a substantial investment in the offshore market and increase the company’s footprint worldwide. At the same time, the acquisiti
Japanese company Tokyo Gas Engineering Solutions, a unit of Tokyo Gas, and four partners have completed the trials of the Niihama LNG plant and started its operations.
