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Business & Finance

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Business Developments & ProjectsCollaborationEquipmentInfrastructureInnovationIT & SoftwareOutlook & StrategyProject & TendersRegulation & PolicyResearch & DevelopmentSafetyTechnologyTransitionVisionVesselsExploration & ProductionEnvironmentRules & RegulationCarbon Capture Usage & StorageStorageAuthorities & GovernmentGreen MarineOperations & Maintenance
Danish project to develop drone for protecting critical underwater infrastructure
Business & Finance

Danish project to develop drone for protecting critical underwater infrastructure

A new Danish research and innovation project, led by Teledyne RESON, is looking to develop a drone that can capture and immobilize unwanted underwater vehicles, thereby protecting critical underwater infrastructure such as pipelines, communication cables, and offshore wind farms. The project named U

about 1 year ago
Solstad agrees three-year service deal with compatriot Port Vantage
Business & Finance

Solstad agrees three-year service deal with compatriot Port Vantage

Norwegian Solstad Offshore and Solstad Maritime have signed a three-year framework agreement with compatriot Port Vantage covering support and services across multiple locations where Solstad operates. The agreement covers the delivery of maritime support services, including technical maintenance, l

about 1 year ago
CIP takes 70% stake in H2APEX’s hydrogen project in Lubmin
Business & Finance

CIP takes 70% stake in H2APEX’s hydrogen project in Lubmin

Copenhagen Infrastructure Partners (CIP) has acquired a 70% majority stake in the first phase of H2APEX’s hydrogen project in Lubmin, Germany.

about 1 year ago
CSA Ocean Sciences
Business & Finance

US firm to test environmental and social impact for oil & gas projects in Suriname

Florida-headquartered marine environmental consulting firm CSA Ocean Sciences (CSA) and its Suriname subsidiary, CSA Suriname, have secured several projects for oil & gas operators in Suriname. Under the multi-year contracts for operators described as “major”, CSA will manage multiple environmental

about 1 year ago
BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring
Business & Finance

BP, Equinor and TotalEnergies hire Halliburton for carbon capture and storage monitoring

U.S.-headquartered oilfield services player Halliburton has secured a contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, to deliver completions and downhole monitoring services for the UK’s first offshore carbon capture and storage (CCS) project

about 1 year ago
WATCH: Malaysia and Sarawak’s first purpose-built MPSV makes a splash
Business & Finance

WATCH: Malaysia and Sarawak’s first purpose-built MPSV makes a splash

Malaysian offshore support vessel (OSV) provider Nam Cheong Group has unveiled what it says is Malaysia and Sarawak’s first purpose-built multi-purpose support vessel (MPSV), set to be deployed in the oil & gas, renewable energy and telecommunication sectors. According to the company, the advanced d

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

ADES makes $380M takeover bid for Shelf Drilling

A subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has signed an agreement with UAE-headquartered offshore drilling contractor Shelf Drilling to acquire the latter.

about 1 year ago
Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link
Business & Finance

‘Another vital piece of the jigsaw’ comes together for first UK-Germany energy link

UK energy market regulator Ofgem has certified the €2.8 billion NeuConnect project, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, as an Independent Transmission System Operator (TSO), a prerequisite necessary before the link bec

about 1 year ago
Construction starts on Chinese pure-electric cable laying vessel
Business & Finance

China’s ZTT starts construction of advanced cable laying vessel

China’s ZTT Submarine Cable & System has begun construction of an advanced cable laying vessel (CLV) that will service offshore wind, island interconnections and regional grid expansion projects in Asia Pacific (APAC). The new-generation, self-propelled CLV will be 139.8 meters long, with a 38-meter

about 1 year ago
Taihan Anma
Business & Finance

South Korea’s Taihan Cable & Solution wins domestic inter-array cable contract

Taihan Cable & Solution has won a turnkey contract for the supply and installation of inter-array cables at the 532 MW Anma offshore wind farm in South Korea. The contract, valued at approximately ₩181.6 billion (about €113 million), is planned to run until the end of 2028. Under the contract, Taiha

about 1 year ago
Financial go for first stage of Australian 1.5 GW interconnector
Business & Finance

Financial go for first stage of Australian 1.5 GW interconnector

Marinus Link, a 1.5 GW, 345-kilometer power interconnector project in Australia, has reached the final investment decision (FID) to proceed with the project’s first stage. The project, to be built in two 750 MW stages, will link North West Tasmania and the Latrobe Valley in Victoria, with 255 kilome

about 1 year ago
Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops
Business & Finance

Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops

U.S. subsea engineering and applied technology firm Oceaneering International has upgraded its 77-meter-long research vessel, launched in 2000, to perform simultaneous autonomous survey operations. Ocean Intervention II, purpose-built for geophysical and geotechnical surveys, underwent upgrades in e

about 1 year ago
Another Solstad CSV to work for Petrobras, deal worth $108M
Business & Finance

Another Solstad CSV to work for Petrobras, deal worth $108M

Norwegian shipping company Solstad Offshore has secured another contract with Brazilian oil & gas company Petrobras for a construction support vessel (CSV). The CSV Normand Commander will be on a bareboat contract from the vessel owner Solstad Maritime (SOMA) to Solstad Offshore, who holds the contr

about 1 year ago
Van Oord kicks off dredging works for Poland’s FSRU terminal in Gulf of Gdańsk; Source: Gaz-System
Business & Finance

Van Oord on dredging mission to lay the groundwork for Europe’s next FSRU

Dutch marine contractor Van Oord has set off on a dredging quest to prepare the site where Poland’s floating storage and regasification unit (FSRU) will be stationed as part of a liquefied natural gas (LNG) terminal in the Gulf of Gdańsk, representing a new gas entry point for the European country.

about 1 year ago
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