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Business & Finance

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TFK ARP cable laying vessel
Business & Finance

Polish companies team up to build cable laying vessel

Poland’s Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on the construction of a cable laying vessel (CLV) for the installation and maintenance of subsea cables in offshore wind farms, mainly in the Baltic Sea. On January 28, the two

about 1 year ago
Powered wired drill pipe to boost sustainability in Vår Energi’s offshore ops
Business & Finance

Powered wired drill pipe to boost sustainability in Vår Energi’s offshore ops

Norway-headquartered well construction and well intervention solutions provider Reelwell has secured a contract with compatriot oil and gas player Vår Energi for the delivery of its powered wired drill pipe, with Odfjell Technology acting as its strategic partner. The contract will see the DualLink

about 1 year ago
PGS Ramford Vanguard seismic vessel, TGS
Business & Finance

TGS secures offshore wind site characterization contract in UK waters

Norway-based energy data and intelligence company TGS has secured a contract for offshore wind site characterization on the UK continental shelf for a repeat client. According to TGS, the project is set to last around 60 days and will begin in the first quarter of 2025. The Ramform Vanguard will be

about 1 year ago
Valaris rig en route to Angola for new drilling assignment
Business & Finance

Valaris rig en route to Angola for new drilling assignment

A jack-up rig owned by offshore drilling contractor Valaris is en route to Angola for a drilling contract it secured last year, following preparations in Texas. According to Valaris, after completing a project at the Kiewit Shipyard in Corpus Christi, Texas, the VALARIS 144 rig has embarked on a voy

about 1 year ago
The image shows the project design consisting of an offloading system with a pipeline connected to the Nini A platform. The image is from the environmental impact report. Copyright: INEOS E&P.
Business & Finance

Public consultation opens for Denmark’s offshore CO2 storage project

The Danish Energy Agency has initiated a public consultation process for the environmental impact report related to the Greensand Future CO2 storage project in the North Sea. The report, prepared by Rambøll on behalf of INEOS E&P, supports the application for Denmark’s first CO2 storage initiative u

about 1 year ago
Imabari Shipbuilding sets sights on alternative-fueled engines through new acquisition
Business & Finance

Imabari Shipbuilding sets sights on alternative-fueled engines through new acquisition

Japanese major Imabari Shipbuilding has decided to acquire shares in compatriot marine equipment manufacturer Daihatsu Diesel Corporation in a bid to contribute to the development of alternative-fueled engines.

about 1 year ago
Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline
Business & Finance

Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline

The Danish Energy Agency has granted permission to Nord Stream 2 AG to preserve the Nord Stream 2 pipeline in the Baltic Sea that suffered damage in September 2022 following an explosion. The Nord Stream 1 and Nord Stream 2 pipelines run from Vyborg, Russia, to Lubmin near Greifswald, Germany, and c

about 1 year ago
Following Caribbean gig, Allseas' Lorelay goes to Rotterdam for lifetime extension
Business & Finance

Following Caribbean gig, Allseas’ Lorelay goes to Rotterdam for lifetime extension

Allseas’ pipelay vessel Lorelay has completed a platform-to-platform pipeline installation in the Caribbean, for the first time ever using the bowstring start-up method, connecting the pipeline start-up head directly to the platform jacket leg. Lorelay kicked off the operations in December 2024, pla

about 1 year ago
LNG
Business & Finance

Stolt-Nielsen strengthens foothold in LNG bunkering market after Avenir LNG takeover

Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has entered into a share purchase agreement to acquire all the shares of the UK-based midstream LNG & BioLNG company Avenir LNG. As disclosed, the transaction is set to be finalized during the

about 1 year ago
Survey seen as key part of environmental licensing for Timor-Leste appraisal well kicks off
Business & Finance

Environmental survey begins off Timor-Leste in preparation for planned drilling

UK-based Sunda Energy, former Baron Oil, has kicked off an environmental baseline survey in preparation for the drilling of a planned appraisal well at a gas field off the coast of Timor-Leste. The survey vessel Outer Limit has commenced the environmental baseline survey in preparation for the drill

about 1 year ago
GreenH makes a step forward with hydrogen hub for ships
Business & Finance

GreenH makes a step forward with hydrogen hub for ships

With a financing package of NOK 1 billion (around $89 million) in place, GreenH has reached a final investment decision (FID) to develop its green hydrogen facility in Bodø that will supply hydrogen to Vestfjorden ferry connection operated by Torghatten Nord.

about 1 year ago
Norwegian cleantech services firm gets to work on Romania’s first deepwater project
Business & Finance

Norwegian cleantech services firm gets to work on giant Black Sea gas project

Norway-based cleantech service provider Soiltech has secured a contract with Southeastern Europe’s integrated energy player OMV Petrom to deliver cuttings containment, transfer equipment and related services for what is said to be the largest natural gas project in the Romanian Black Sea. The contra

about 1 year ago
Asso.subsea's new cable-laying vessel to be built in China (Gallery)
Business & Finance

Asso.subsea’s new cable-laying vessel to be built in China (Gallery)

Greece’s Asso.subsea has signed the shipbuilding contract for the construction of its new DP-2 cable-laying vessel (CLV), set to be built in China. The cable layer named Althea will be built at the China Merchants Heavy Industry shipyard, at Mazhou Island in Shenzen, with delivery set for the second

about 1 year ago
DEME fleet expands with two USVs
Business & Finance

DEME fleet expands with two USVs

DEME Group has strengthened its fleet with the addition of two advanced uncrewed surface vessels (USVs) delivered by Norway’s Maritime Robotics. The delivery includes the two-meter Otter USV and the larger, six-meter Mariner USV. According to Maritime Robotics, the Otter USV is a fully electric cata

about 1 year ago
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