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FPSO Johan Castberg quayside at Aker Solutions; Source: Equinor
Business & Finance

Thumbs-up for Equinor and Vår Energi to fortify emergency preparedness in Barents Sea

Equinor and Vår Energi have received consent from the country’s offshore safety regulator for contingency planning in the Barents Sea.

about 2 years ago
A photo of a lagoon, provided by Marine Energy Wales
Business & Finance

Intertek to deliver hydrodynamic modeling for Tidal Lagoon Challenge

As a part of the Welsh Government’s Tidal Lagoon Challenge, London-based Intertek has won a research project to deliver hydrodynamic modeling expertise.

about 2 years ago
Statfjord B; Credit: Harald Pettersen/Equinor
Business & Finance

North Sea platform incident: Serious regulation breaches come to light following worker injury and gas leak

Equinor has been served with a notice of order by Norway’s offshore safety regulator after a probe into an incident.

about 2 years ago
UK firm takes its work-class ROV to Mexico
Business & Finance

UK firm takes its work-class ROV to Mexico

UK’s Forum Energy Technologies (FET) has secured a contract with a Mexican subsea company for the delivery of one of its work-class remotely operated vehicles (ROV). FET reported that its Subsea Technologies product line had won a contract from AQUA Exploracion for one of its Ultra Compact Perry XLX

about 2 years ago
SolarDuck - OFPV power plant.
Business & Finance

SolarDuck and partners install Japan’s first offshore floating solar

Duch-Norwegian firm Solar Duck and Tokyo’s Tokyu Land Corporation, together with Kyocera Communication Systems, have installed what is said to be Japan’s first offshore floating solar photovoltaic (OFSPV) power plant on the sea surface.

about 2 years ago
Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants
Business & Finance

Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants

Electric Hydrogen has announced $100 million in corporate credit financing to back the manufacturing and deployment of its 100 MW electrolyzer plants.

about 2 years ago
Decommissioning operations; Source: James Fisher Decommissioning
Business & Finance

James Fisher wraps up its largest decom project so far

James Fisher Decommissioning has completed its largest decommissioning project to date for a “major” operator in the Gulf of Thailand.

about 2 years ago
First UK-Germany energy link enters next stage of construction
Business & Finance

First UK-Germany energy link enters next stage of construction

The first-ever energy link between the UK and Germany is moving into the next stage of construction as foundation works are underway on a new UK converter station. The €2.8 billion NeuConnect project will see new converter stations built on the Isle of Grain in Kent and the Wilhelmshaven region in n

about 2 years ago
UK government backs EMEC's growth with £3 million
Business & Finance

UK government backs EMEC’s growth with £3 million

The UK Government is set to award a new £4.6 million support package for the UK’s islands, £3 million of which will be awarded to the Orkney-based European Marine Energy Centre (EMEC) over two years. The funding boost will support EMEC’s growth plans, further helping the center deliver the UK’s net

about 2 years ago
South Arne area; Source: INEOS
Business & Finance

Italian contractor picks up work on North Sea gas platform

Rosetti Marino has tucked a multimillion-euro FEED assignment under its belt for a gas production platform in the North Sea.

about 2 years ago
New DNV standard for hybrid TCPs targets improved reliability of deepwater projects
Business & Finance

New DNV standard for hybrid TCPs targets improved reliability of deepwater projects

Independent energy expert and assurance provider DNV has released its latest standard for hybrid thermoplastic composite flexible pipes (TCPs) intending to facilitate the integration of innovative technologies, such as carbon fiber armor, into flexible riser designs. DNV’s latest standard, DNV-ST-F2

about 2 years ago
Australian electrolyzer firm raises $111 million in Series B investment round led by BP
Business & Finance

Australian electrolyzer firm raises $111 million in Series B investment round led by BP

In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.

about 2 years ago
New renewable hydrogen facility in Brazil receives $30 million boost
Business & Finance

New renewable hydrogen facility in Brazil receives $30 million boost

Green Energy Park (GEP) Global has signed a definitive agreement for $30 million Series-A funding and obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil, marking a milestone on its journey to build a large hydrogen and hydrogen derivatives production plant

about 2 years ago
Ocean GreatWhite semi-submersible rig; Source: Kishorn Port
Business & Finance

Diamond Offshore’s contract backlog hits $1.9 billion amid tightening rig supply and demand dynamics

After enlarging its contract backlog by $713 million in 1Q 2024,Diamond Offshore is determined to expand its backlog further.

about 2 years ago
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