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Business Developments & Projects

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Orsted Hornsea 3
Business Developments & Projects

JDR Cable Systems hired by Ørsted for 2.9 GW offshore wind farm

Ørsted has awarded several contracts totaling between £75 million and £100 million to companies in the north of England to provide components for the 2.9 GW Hornsea 3 offshore wind farm. JDR Cable Systems, Severfield, and Smulders, all based in the north of England, will produce integral components

about 1 year ago
University of Western Australia's wave buoy in water
Business Developments & Projects

Australian uni deploys solar-powered wave buoys to gather ocean data

The University of Western Australia (UWA) is advancing wave forecasting capabilities with the deployment of small drifting wave buoys designed to provide ocean data in real time. This initiative, led by UWA’s ARC Industrial Transformation Research Hub for Transforming Energy Infrastructure throug

about 1 year ago
ADNOC
Business Developments & Projects

Maritime, clean fuel projects in the spotlight of EU’s STEP initiative

Several maritime and alternative fuels projects are among initiatives that have been awarded the Strategic Technology Platform for Europe (STEP) label in a new initiative of the European Commission to boost investment in critical technologies in Europe and support the local industry.

about 1 year ago
Energy industry needs to activate to improve North Sea seabed security, OEEC panel says
Business Developments & Projects

‘Blind underwater’: Energy industry needed to improve North Sea seabed security, OEEC panel says

Security is a topic that has expanded in the last couple of years, bringing new worries to Europe. With a number of incidents occurring in European seas that harmed subsea (energy) infrastructure, seabed security made its way onto one of the first places on the energy security chart. A panel at Offs

about 1 year ago
Serica's Bruce, Keith, and Rhum (BKR) facilities; Source: Serica
Business Developments & Projects

Serica Energy makes a play for UK oil & gas firm to expand its portfolio

Serica Energy has set the wheels in motion to bring two additional licenses on the UK Continental Shelf (UKCS) under its fold by acquiring a compatriot player, Parkmead (E&P) Limited (PUK) from Parkmead Group.

about 1 year ago
Santorini drillship; Source: Saipem
Business Developments & Projects

Drilling ops heat up offshore Namibia as Saipem rig moves to next well with more coming in 2025

Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coast of Namibia.

about 1 year ago
'Sizeable' subsea tieback development job lands on Subsea7's desk
Business Developments & Projects

Subsea7 secures multi-million subsea tieback project in US Gulf of Mexico

Luxembourg-based Subsea7 has been awarded a “substantial” contract from Beacon Offshore Energy for a subsea tieback development in the U.S. Gulf of Mexico, with the deal valued between $150 million and $300 million. According to Subsea7, the scope of work encompasses engineering, procurement, constr

about 1 year ago
Nordic-Baltic Hydrogen Corridor project moves forward
Business Developments & Projects

Nordic-Baltic Hydrogen Corridor project moves forward

Gas transmission system operators (TSOs) of Finland, Estonia, Latvia, Lithuania, Poland and Germany are starting the feasibility studies on the Nordic-Baltic Hydrogen Corridor (NBHC).

about 1 year ago
Hycamite tech
Business Developments & Projects

Finnish tech firm partners with MOL to work on methane splitting for shipping sector

Finnish technology company Hycamite TCD Technologies, MOL PLUS, a subsidiary of Japanese shipping major Mitsui O.S.K. Lines (MOL), and MOLEA, MOL’s London-based business, have signed a Memorandum of Understanding (MoU) to promote the application of methane splitting for the shipping sector.

about 1 year ago
Processing facility by the sea
Business Developments & Projects

Local player ships first cargoes after upping stake in Trinidad’s LNG terminal

The National Gas Company of Trinidad and Tobago (NGC) has shipped its first two liquefied natural gas (LNG) cargoes from two trains forming part of the country’s Atlantic LNG export terminal following its commercial restructuring.

about 1 year ago
NextGeo buys survey vessel for €6.7M, retrofit now on schedule
Business Developments & Projects

NextGeo buys survey vessel for €6.7M, refit now on schedule

Italy-headquartered Next Geosolutions (NextGeo) has expanded its fleet with a 2010-built multi-purpose survey vessel (MPSV), which will after refitting be operational from the first quarter of 2025. NextGeo purchased the vessel Sea Admiral from the Norwegian company Beitveit Holding, renamed to NG E

about 1 year ago
Biofuel included in Wallenius Wilhelmsen’s two new multi-year shipping deals
Business Developments & Projects

Biofuel included in Wallenius Wilhelmsen’s two new multi-year shipping deals

Norwegian shipping and logistics company Wallenius Wilhelmsen has secured two multi-year shipping contracts, both including biofuel, with undisclosed “large auto OEMs”.

about 1 year ago
Karratha gas plant; Courtesy of Woodside
Business Developments & Projects

Woodside cheers ‘critical step’ for 40-year extension of mega gas project offshore Australia

A years-long sage seems to be coming to an end, as Woodside Energy has secured environmental approval from the Western Australian government for its giant gas project off the coast of Australia. This decision has restarted the Federal environmental approvals process.

about 1 year ago
Eco Wave Power's Gibraltar wave energy array before decommissioning (Courtesy of Eco Wave Power)
Business Developments & Projects

Eco Wave Power unveils $3M direct offering to bolster commercial-scale wave energy deployment

Wave energy developer Eco Wave Power has entered into a securities purchase agreement with a single institutional investor to deploy commercial-scale wave energy technology. The offering involves the sale of 300,000 American Depositary Shares (ADSs), each representing eight common shares, at $10 per

about 1 year ago
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