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Business & Finance

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Poole Harbour, UK.
Business & Finance

UK cosmetics company co-funds tidal energy project near its head office

LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool

about 1 year ago
FSRU Excelsior; Source: Excelerate Energy
Business & Finance

European firm sets up shop in Germany to handle work on Wilhelmshaven 2 LNG terminal

KN Energies (KN) has hung out its shingle in Germany by establishing a German subsidiary, KN Energies Deutschland, within its corporate group, which will be in charge of executing its assignment with the German state-owned company, Deutsche Energy Terminal (DET), by providing technical operation and

about 1 year ago
Joe Biden
Business & Finance

US unlocks nearly $300 million for modernization of ferry systems

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced grants totalling nearly $300 million from President Biden’s Bipartisan Infrastructure Law to expand and modernize the nation’s ferry systems.

about 1 year ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Business & Finance

Rovco and Vaarst’s new brand makes €17.8M investment in its fleet

Beam, a new brand formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst, has added two autonomous surface vessels (ASVs) and an electric work-class remotely operated vehicle (ROV) to its fleet. Under the brand-new name, the companies aim to bring technol

about 1 year ago
FSRU Alexandroupolis; Source: Gastrade
Business & Finance

Countdown to commercial ops at European LNG terminal underway

Greece’s first offshore liquefied natural gas (LNG) terminal, which is expected to secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources, is fast approaching its commercial operations date, with less than two weeks left until start-up.

about 1 year ago
UK-headquartered CRP Subsea has secured a contract from Norway-based ocean services provider DeepOcean to supply cable protection systems for RWE’s Nordseecluster A offshore wind project in the German
Business & Finance

DeepOcean taps CRP Subsea for offshore wind cable protection systems

UK-headquartered CRP Subsea has secured a contract from Norway-based ocean services provider DeepOcean to supply cable protection systems for RWE’s Nordseecluster A offshore wind project in the German part of the North Sea. Under this contract, CRP Subsea will supply 96 NjordGuard cable protection s

about 1 year ago
A view of a rocky coastline in the foreground and an offshore platform in the background
Business & Finance

Australian firm formally secures UK offshore license trio

Three new licenses awarded to ASX-listed Hartshead Resources as part of the UK’s oil and gas licensing round organized by the country’s regulator, the North Sea Transition Authority (NSTA), have been fully executed.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s oil & gas industry on its way to surpassing methane and production emissions cuts years before deadline

The UK wants decarbonized oil and gas production to power its homes and businesses with low-carbon and zero-emission energy.

about 1 year ago
Seadrill targets enhanced managed pressure drilling ops with new collaboration
Business & Finance

Seadrill targets enhanced managed pressure drilling ops with new collaboration

Bermuda-headquartered offshore drilling contractor Seadrill has established a strategic collaboration with Texas-headquartered Oil States International with the aim of “transforming” offshore drilling efficiency and safety by bringing managed pressure drilling (MPD) into mainstream operations. The n

about 1 year ago
Illustration; Source: Vallourec
Business & Finance

Vallourec expands pipe coating services with acquisition of Brazillian firm

France’s tubular solutions provider Vallourec has entered into a definitive agreement with Mattr to acquire 100% of the shares in its subsidiary, Thermotite do Brasil, a provider of thermal insulation pipe coating services for the offshore oil and gas industry. Vallourec is acquiring Thermotite do B

about 1 year ago
Boskalis vessel installs huge topside at Qatar’s largest offshore oil field (Photo)
Business & Finance

Boskalis installs huge topside at Qatar’s largest offshore oil field (Photo)

Dutch offshore services giant Boskalis has completed the installation of the central processing platform (CPP) topside at what is said to be Qatar’s largest offshore oil field. Semi-submersible heavy transport vessel Forte installed the Gallaf GE CPP topside at its final destination, the Al-Shaheen

about 1 year ago
FPSO Johan Castberg in Barents Sea; Credit: Lars Morken/Equinor
Business & Finance

With giant newbuild FPSO anchored at Norwegian field, hook-up and first oil next on the agenda

Equinor has anchored its new floating production, storage, and offloading (FPSO) vessel to the seabed with mooring lines and will proceed to complete the rest of the items on the production start-up list to bring its oil project in the Barents Sea online, enabling the FPSO unit to embark on a three-

about 1 year ago
French company's barge in fifth gear for Germany’s Wilhelmshaven 2 LNG terminal
Business & Finance

French firm’s barge in fifth gear for Germany’s Wilhelmshaven 2 LNG terminal

As part of a contract with Norway’s technology company ECOnnect Energy, French Geocean has picked up the thermo composite pipes (TCP) reels that will connect the FSRU to the onshore site as part of the second liquefied natural gas (LNG) terminal in Wilhelmshaven developed by German state-owned Deuts

about 1 year ago
Norbe VIII drillship; Source: Foresea
Business & Finance

WATCH: Foresea rig comes to Brazilian shipyard ahead of its drilling gig with Petrobras

Foresea has sent one of its drillships to undertake a 15-year special periodic survey (SPS) at the Rio Grande Shipyard, where the rig will get ready for its new assignment off the coast of Brazil, which is slated to begin next quarter with the state-owned energy giant Petrobras.

about 1 year ago
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