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Business Developments & Projects

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Seabased wave energy converters (WECs) and buoys awaiting installation. Source: Seabased
Business Developments & Projects

Barbados and Seabased join forces for wave power park

The Barbados Investment and Development Corporation (BIDC) and Swedish wave energy company Seabased Group have inked a memorandum of understanding (MOU) to build a wave power park.

about 2 years ago
NEDO backs JERA’s study on hydrogen and ammonia in Thailand
Business Developments & Projects

NEDO backs JERA’s study on hydrogen and ammonia in Thailand

JERA’s survey of hydrogen and ammonia demand, and demonstration research to achieve stable operation of ammonia cracking equipment in Thailand has been selected as a New Energy and Industrial Technology Development Organization (NEDO) International Project.

about 2 years ago
Prysmian's Monna Lisa steps closer to delivery in early 2025
Business Developments & Projects

171-meter Prysmian cable layer steps closer to delivery with launch at VARD

Norwegian ship designer and shipbuilder VARD has launched Prysmian’s new cable laying vessel (CLV) Monna Lisa, sister ship to Leonardo da Vinci, coming a step closer to delivery in 2025. VARD has completed steel cutting, keel laying, generator installation, and hull erection on the 171-meter Monna L

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

Vessel gig’s next stage pushes GMS’ backlog to $431.2 million

UAE-based Gulf Marine Services (GMS) has sealed the second phase of a multi-year contract for one of its vessels in the Middle East.

about 2 years ago
To back energy transition, Shearwater and XOCEAN unite for CCS and offshore wind
Business Developments & Projects

To back energy transition, Shearwater and XOCEAN unite for CCS and offshore wind

Building on the joint delivery of several large data campaigns, Norway’s Shearwater GeoServices and Ireland-based XOCEAN have set up a strategic collaboration to provide integrated data solutions to the carbon capture and storage (CCS) and offshore wind markets. The collaboration will combine Shearw

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business Developments & Projects

UK firm dropping out of Shell’s North Sea gas discovery due to funding woes

Deltic Energy is exiting from a gas discovery in the Southern North Sea after its efforts to secure funds for its share of appraisal costs fell through.

about 2 years ago
Mein Schiff 7
Business Developments & Projects

Methanol-ready Mein Schiff 7 delivered

Finnish shipbuilder Meyer Turku has delivered Mein Schiff 7, a methanol-ready cruise ship, to German cruise line TUI Cruises.

about 2 years ago
Photo showing Minesto's DG100 tidal kite in Faroe Islands (Courtesy of Minesto)
Business Developments & Projects

Minesto and Sev renew power purchase agreement, adjusting energy price levels

Swedish tidal energy developer Minesto, and Faroese company Sev, have renewed and updated the power purchase agreement (PPA).

about 2 years ago
Yara opens 24 MW renewable hydrogen plant in Norway
Business Developments & Projects

Yara opens 24 MW renewable hydrogen plant in Norway

Norwegian Prime Minister Jonas Gahr Støre has inaugurated Yara International’s 24 MW renewable hydrogen plant at Herøya Industrial Park in Norway.

about 2 years ago
All clear for TGS and PGS merger
Business Developments & Projects

All clear for merger of Norwegian seismic firms

Following approval from the Norwegian Competition Authority, Norway-headquartered PGS and TGS have now received clearance for their merger from the UK Competition and Markets Authority (CMA), which is the final regulatory approval required. TGS and PGS announced their agreement on principal terms to

about 2 years ago
Transocean Enabler; Source: Transocean
Business Developments & Projects

Vår Energi all done with intra-group merger

Norway’s Vår Energi has completed the merger with its wholly-owned subsidiary Vår Energi Norge, previously known as Neptune Energy Norge.

about 2 years ago
EnergyPathways
Business Developments & Projects

UK firm set on getting hold of gas storage license in its East Irish Sea project area

EnergyPathways has confirmed its interest in acquiring a gas storage license situated in the same area as its undeveloped gas field in the East Irish Sea.

about 2 years ago
Noble Interceptor rig; Source: Noble Corporation
Business Developments & Projects

Noble-Diamond Offshore fusing into ‘perfect fit’: US drilling giants merging to create 41-strong rig fleet

Noble Corporation has taken steps to bring Diamond Offshore into its fold, which will give birth to a U.S.-based offshore drilling heavyweight with a fleet of 41 rigs and a combined backlog of $6.5 billion.

about 2 years ago
Oceaneering expands collaboration with Petrobras with two 'significant' contracts
Business Developments & Projects

Oceaneering expands collaboration with Petrobras with two ‘significant’ contracts

U.S. technology company Oceaneering has expanded its cooperation with Brazilian oil and gas giant Petrobras by securing two contracts that will have an expected aggregate net revenue in the range of $120 million to $183 million. Oceaneering’s Manufactured Products segment won two contracts with Petr

about 2 years ago
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