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UK: £5 bln grid investments proposed, including England-Scotland subsea links
Business Developments & Projects

UK: £5 bln grid investments proposed, including England-Scotland subsea links

National Grid Electricity System Operator, the UK’s electricity system operator, has published Networks Options Assessment (NOA) for 2022 recommending more than £5 billion (around $6.7 billion) worth of grid infrastructure investments in the North of Scotland.

about 4 years ago
Saipem
Business Developments & Projects

Saipem in profit warning as margins deteriorate due to pandemic and rising costs

Following a revision of its backlog, Saipem has withdrawn its outlook from October 2021, citing significant deterioration of some projects’ margins.

about 4 years ago
Three oil & gas firms gearing up for Norwegian wells in February
Business Developments & Projects

Three oil & gas firms gearing up for Norwegian wells in February

Three oil & gas companies have been granted drilling permits by Norwegian authorities for wells in the Norwegian Sea and the North Sea.

about 4 years ago
cma cgm
Business Developments & Projects

CMA CGM takes majority stake in Colis Privé

French shipping and logistics major CMA CGM Group has entered into a preliminary agreement to acquire a 51% stake in the Colis Privé Group, a compatriot specialist in home and relay parcel delivery.

about 4 years ago
​Deirdre Michie will now become CEO of Offshore Energies UK
Business Developments & Projects

UK oil & gas trade body changing name to reflect drive towards net-zero future

Oil & Gas UK (OGUK) is expanding to include the low-carbon offshore energy technologies like offshore wind, hydrogen, and CCS.

about 4 years ago
HUGIN AUVs
Business Developments & Projects

Ocean Infinity orders six HUGIN AUVs for sustainable data acquisition

Marine robotics company Ocean Infinity is expanding its robotic fleet with an order of six Kongsberg Maritime’s HUGIN autonomous underwater vehicles (AUVs) which will integrate as part of the Armada fleet.

about 4 years ago
CB&I; McDermott's CB&I scores Plaquemines LNG tank contractor gig
Business Developments & Projects

McDermott’s unit scores Plaquemines LNG gig

U.S. LNG export project developer Venture Global has awarded McDermott’s storage business CB&I a contract for two storage tanks as part of the first phase of the Plaquemines LNG export project.

about 4 years ago
Odfjell Drilling
Business Developments & Projects

Odfjell Drilling mulls splitting into two groups to think beyond core services

Odfjell Drilling is contemplating spinning off its Well Services and Energy segments into a newly established company and list it on Oslo.

about 4 years ago
N-Sea targets better subsea solutions with newly chartered vessel
Business Developments & Projects

N-Sea targets better subsea solutions with newly chartered vessel

N-Sea Group has signed a long-term vessel agreement with EDT Offshore for an advanced DP-3 multi-purpose offshore support vessel with a track record in subsea services.

about 4 years ago
Triton-C being prepared for WETS deployment (Courtesy of Oscilla Power)
Business Developments & Projects

U.S. Navy starts WETS upgrades as Triton-C undergoes final pre-deployment tests

Oscilla Power is finalizing pre-deployment activities for its Triton-C wave energy device that will be deployed at U.S. Navy’s WETS site in Hawaii once the ongoing infrastructure upgrades are completed.

about 4 years ago
TotalEnergies - Kistos
Business Developments & Projects

TotalEnergies selling third of its stake in Greater Laggan Area fields to Kistos

London-listed Kistos is buying interests in several gas fields located West of Shetland from French major TotalEnergies.

about 4 years ago
Sempra and Entergy Louisiana join in on renewable energy
Business Developments & Projects

Sempra and Entergy Louisiana join in on renewable energy

U.S. LNG infrastructure company Sempra has signed a memorandum of understanding (MoU) with Entergy Louisiana to accelerate the deployment of renewable energy for facilities like Cameron LNG.

about 4 years ago
TPC Changhua Phase I
Business Developments & Projects

EPCI cable package management contract awarded for Taipower OW Phase II

The EPCI cable package management contract for inter-array and export cables at Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) has been awarded to the Netherlands-based CrocWorks.

about 4 years ago
L to R: Kristine Bangstad Fredriksen, CEO of Ocean Oasis (Courtesy of Ocean Oasis/Photo by Dag Knudsen)
Business Developments & Projects

Ocean Oasis scores €2.5M to ramp up wave-powered desalination unit

Norwegian company Ocean Oasis has secured €2.5 million from the European Innovation Council (EIC) Accelerator to advance its wave energy-powered desalination technology.

about 4 years ago
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