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Business Developments & Projects

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CSV Edda Freya; Source: DeepOcean
Business Developments & Projects

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)

DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

about 2 years ago
Tidal energy could contribute to decarbonizing Alaska’s Railbelt by 2035 and facilitate the production of clean fuels like hydrogen, growing the state's economy, a recent U.S. study has shown.
Business Developments & Projects

Tidal energy could help decarbonize Alaska’s Railbelt by 2035, study shows

Tidal energy could contribute to decarbonizing Alaska’s Railbelt by 2035 and facilitate the production of clean fuels like hydrogen, growing the state’s economy, a recent U.S. study has shown.

about 2 years ago
Veer selects Fosen to build ‘first’ zero-emission ocean-going boxship
Business Developments & Projects

Veer selects Fosen to build ‘first’ zero-emission ocean-going boxship

Veer and Fosen Shipyard have signed a letter of intent (LOI) to develop, construct, sell and purchase two firm units of wind-powered and hydrogen-assisted container ships.

about 2 years ago
PSC signing ceremony; Source: Petronas
Business Developments & Projects

Multiple oil & gas firms ink deals for 12 fields offshore Malaysia

Petronas has signed production sharing contracts (PSCs) with several oil and gas players for three clusters of discovered resource opportunities (DRO) situated offshore Peninsular Malaysia as part of the first round of Malaysia Bid Round Plus (MBR+).

about 2 years ago
Modelling CO2 injection; Source: Kongsberg Digital
Business Developments & Projects

Canadian integrated CCS solution enhancing North Sea carbon storage project

Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

about 2 years ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business Developments & Projects

US DOE unveils notice of intent to fund wave energy tech advancement

The U.S. Department of Energy’s (U.S. DOE’s) Water Power Technologies Office (WPTO) has disclosed an intent to provide up to $112.5 million to advance the commercial readiness of wave energy technologies through open water testing and system validation.

about 2 years ago
MOL obtains ‘world’s first’ approval for LNG carrier with wind-assisted propulsion
Business Developments & Projects

MOL obtains ‘world’s first’ approval for LNG carrier with wind-assisted propulsion

MOL received AiP from ClassNK for the design of a membrane LNG carrier installing Wind Challenger, a hard sail wind power propulsion system.

about 2 years ago
IJmuiden Ver
Business Developments & Projects

Ocean Infinity, Fugro win contracts for Dutch geotechnical surveys

The Netherlands Enterprise Agency (RVO) has awarded Fugro and Ocean Infinity AB contracts to carry out geotechnical investigations at the Doordewind zone, one of the three new areas designated by the Dutch Government in 2022 to increase offshore wind capacity. RVO launched the tender for offshore ge

about 2 years ago
Argus project; Source: north.io
Business Developments & Projects

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way

Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

13 minutes read
Wearable device; Source: Salunda
Business Developments & Projects

BP handpicks red zone monitoring tech for North Sea well intervention ops

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

about 2 years ago
Cable burial campaign delivered for Nexans; Source: OEG Renewables
Business Developments & Projects

Nexans keeps weaving its subsea web of renewables as cable burial ops wrap up at UK offshore wind farm

With a new turnkey cable burial campaign out of the way, Nexans continues interlacing new renewable energy threads into its underwater green power network.

about 2 years ago
Canada to support clean hydrogen trade with Germany with up to $300 million
Business Developments & Projects

Canada to support clean hydrogen trade with Germany with up to $300 million

Canada will commit up to $300 million to ensure the development of a transatlantic hydrogen trade corridor with Germany.

about 2 years ago
Rovco and Vaarst plan to bring on board over 150 subsea roles by end of 2025
Business Developments & Projects

UXO clearance completed at Iberdrola’s Windanker site offshore Germany

Rovco has completed a critical unexploded ordnance (UXO) clearance project for Iberdrola’s 315 MW Windanker offshore wind farm in the German Baltic Sea. The operation, which was Rovco’s first UXO project in Germany, was conducted using the company’s newly chartered multipurpose vessel MV Patriot, eq

about 2 years ago
Illustration; Source: Gulf Marine Services (GMS)
Business Developments & Projects

GMS looks to the future with hope as it strikes a multimillion-dollar bank deal for debt refinancing

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.

about 2 years ago
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