Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has established a joint venture company in Equatorial Guinea with the African country’s national oil company GEPetrol S.A for services in the oil & gas industry. The primary activity of the j
Spain-based Velto Renewables has completed the acquisition of what is described as “Europe’s largest” 74.3 MWp Les Ilots Blandin floating solar power plant from renewable energy developer Q Energy, becoming the sole owner of the facility located in Perthes, Haute-Marne, France. The company previousl
France-based growth equity firm Audacia has launched Calderion, a €150 million fund dedicated to next-generation fuels such as low-carbon hydrogen, CO2 capture, and e-fuels.
One of the largest construction support vessels (CSVs) in the Solstad fleet has won a contract award that will keep it fully committed until the end of 2027. As Solstad Maritime (SOMA) reported, the CSV Normand Sentinel secured the award with an international subsea contractor for operations worldwi
Norway’s state-owned oil & gas giant Equinor has awarded DeepOcean with a contract for subsea construction and installation activities for a project that aims to extend the production life of an oil & gas field operational since 1992. DeepOcean’s scope of work includes the installation of a subsea s
Australian wave energy developer Carnegie Clean Energy has received a €351,471 payment under its EuropeWave contract, following the completion of the system integration review for the ACHIEVE program. “Thank you to the EuropeWave Project Buyers Group for their continued support!” the company said in
Japanese shipping major Nippon Yusen Kaisha (NYK) has announced plans to issue transition bonds in late November in an effort to accelerate its decarbonization projects.
Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its source vessel for work in the Western Hemisphere. The three-month contract extension for the 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, will
Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England. The marine survey activities for the 2 GW EGL5 are expected to commence on November 23
The Hague-based Wave Energy Collective (Weco) has raised €600,000 to accelerate the development and testing of its modular wave energy technology. According to Weco, the investment comes from the Netherlands Enabling Water Technology fund (NEW-ttt), Init Power, and Cyriel de Jong. The company said t
Italy’s Next Geosolutions (NextGeo) has won a €8.5 million contract with compatriot engineering, drilling, and construction services giant Saipem for survey and support to installation activities for an offshore gas project in North Africa. NextGeo will deploy the vessels NG Worker and NG Surveyor t
Greece’s Asso.subsea has placed an order with a firm headquartered in Finland for an Integrated Automation System (IAS) to be delivered for its DP 2 cable-laying vessel (CLV) currently being built in China. Valmet will supply its automation technology for the vessel named Althea, which the China Mer
Denmark-based towage service provider Svitzer has acquired a majority stake in Norwegian maritime services company Buksér og Berging.
Norwegian vessel owner DOF Group has secured a three-year firm, with two-year options, contract with UK-headquartered energy giant BP for subsea services in the Atlantic region. DOF said it would deploy a high-capability subsea vessel to support BP with subsea construction, installation, repair, and
