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Business & Finance

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Rescue mission showing two men being lifted onto a helicopter; Courtesy of CHC Helicopter
Business & Finance

Multimillion-dollar encore extends CHC choppers’ Norwegian oil & gas run until 2030

Norwegian state-owned energy giant Equinor has ensured the continuation of helicopter activity in Central Norway by prolonging CHC Helikopter Service’s flight assignment until the end of the decade.

about 2 months ago
Covelya Group acquisition expands Kraken’s geographic reach
Business & Finance

Covelya Group acquisition expands Kraken’s geographic reach

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Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 2 months ago
Forward section of MODEC’s next generation full for the FPSO Gato do Mato sets sail for China; Source: MODEC
Business & Finance

MODEC’s Brazil-bound FPSO hull on its way to China for integration work

Japan’s MODEC has tucked a construction milestone under its belt for a floating production, storage, and offloading (FPSO) vessel, with the completion of the forward hull section, which left Japan and is en route to China, where it will be integrated with the aft hull section. Once all the pieces of

about 2 months ago
Illustration; Source: Aqualis
Business & Finance

Aqualis brings Southeast Asian player into its fold

Oslo-listed global consultancy group Aqualis, formerly ABL Group, has wrapped up the acquisition of SynergenOG, a Malaysia‑based process safety and technical risk management consultancy for the energy industry.

about 2 months ago
Höegh Evi and Nord Gas Solutions have validated ammonia-to-hydrogen cracking technology for floating hydrogen terminals; Courtesy of Höegh Evi
Business & Finance

Floating hydrogen terminals edge closer to reality with ammonia cracking tech validation

Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), and Nord Gas Solutions, formerly Wartsila Gas Solutions, have wrapped up the performance testing of their ammonia-to-hydrogen cracking technology for floating hydr

about 2 months ago
Ocean energy can supply 13% of global electricity demand, report says
Business & Finance

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 2 months ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies sheds stake in gas field for $350M as Inpex expands its Asian arsenal

France’s energy giant TotalEnergies has struck a deal to divest to Japan’s Inpex its non-operated interest in a gas field off the coast of Sarawak, Malaysia.

about 2 months ago
UK power superhighway first HVDC cable to use 100% recycled copper
Business & Finance

UK power superhighway first HVDC cable to use 100% recycled copper

The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2

about 2 months ago
Ormen Lange development; Source: Shell
Business & Finance

Shell tasks AGR with workforce provision for its ops in Norway

Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, has entrusted AGR, part of the Oslo-listed energy and marine consultancy Aqualis (formerly ABL Group), with the task of supplying the human capital for its onshore and offshore operations in Norway.

about 2 months ago
DOF to deploy four vessels for FSO replacement contract with TotalEnergies
Business & Finance

DOF to deploy four vessels for FSO replacement contract with TotalEnergies

Norway’s DOF Group has won a contract it describes as large for subsea construction, mooring, disconnection of an existing floating storage and offloading unit (FSO) and connection of a replacement FSO for TotalEnergies. DOF will deliver engineering, transportation and installation of mooring system

about 2 months ago
NKT completes expansion of Danish power cable factory, over 100 new employees join
Business & Finance

NKT completes expansion of Danish power cable factory, over 100 new employees join

Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. The expansion works began in September 2024 and include a new production hall, new

about 2 months ago
Føn Energy Services secures multi-year O&M contract for Polish offshore wind farm
Business & Finance

Føn Energy Services secures multi-year O&M contract for Polish offshore wind farm

Føn Energy Services Poland has signed a long-term, multi-million-euro agreement with the joint venture between Orlen Group and Northland Power to provide integrated operations and maintenance (O&M) services for the 1.2 GW Baltic Power offshore wind farm in the Polish Baltic Sea. Under the agreement,

about 2 months ago
Block 10 map; Source: QatarEnergy
Business & Finance

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

Qatar’s state-owned oil and gas giant QatarEnergy and the U.S.-headquartered energy heavyweight ExxonMobil have inked a commercial discovery declaration for natural gas finds at a block off the coast of Cyprus.

about 2 months ago
Shenzhen Port and Bureau Veritas partner up for green shipping corridor development
Business & Finance

Shenzhen Port and Bureau Veritas partner up for green shipping corridor development

Shenzhen Port Group and Bureau Veritas Marine & Offshore have signed a strategic cooperation agreement to jointly advance the development of green shipping corridors. Under the agreement signed in Shenzhen, China, the parties plan to use their respective strengths and resources to deepen collaborati

about 2 months ago