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Denmark-based power cable manufacturer and installation company NKT has supplied its first order of adaptive power cable joints, which can serve as a spare joint for a broad range of HVAC offshore cab
Business & Finance

NKT delivers first order of adaptive power cable joints to Energinet

Denmark-based power cable manufacturer and installation company NKT has supplied its first order of adaptive power cable joints, which can serve as a spare joint for a broad range of HVAC offshore cables, to the Danish transmission system operator (TSO) Energinet. According to NKT, the Adaptive Rigi

about 2 years ago
Gas production from the G1/61 project gets a boost; Source: PTTEP
Business & Finance

PTTEP ups gas production ante at offshore fields in Gulf of Thailand

PTTEP has boosted gas production from multiple fields located in the Gulf of Thailand in a bid to alleviate the impact of electricity costs.

about 2 years ago
Courtesy of Wood
Business & Finance

Shell hires Wood on five-year gig in Trinidad and Tobago

Shell has hand-picked Wood’s joint venture company, Massy Wood, for the delivery of engineering projects and asset support in Trinidad and Tobago.

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Aker BP getting ready to spud North Sea pair with Odfjell rig

Aker BP has received consent to use one of Odfjell Drilling’s semi-submersible rigs for exploration activities in the North Sea.

about 2 years ago
Nexans, TenneT get things rolling on BalWin3 and LanWin4 offshore grid connections
Business & Finance

Nexans, TenneT get things rolling on BalWin3 and LanWin4 offshore grid connections

TenneT and Nexans, which signed framework agreements for three offshore grid connections last year, have now signed a call-off contract for the BalWin3 and LanWin3 projects, each of which will have a capacity of 2 GW and will link offshore wind farms to the German grid. In May 2023, TenneT awarded N

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

about 2 years ago
Candela
Business & Finance

Candela secures €24.5M to scale up production of fast electric ferry

Candela, a Swedish maker of sustainable, electric hydrofoil vessels, has closed the largest funding round in the company’s history, to expand production of its P-12 ferry.

about 2 years ago
ABEL Energy partners with Townsville port for new green methanol plant and bunkering facilities
Business & Finance

ABEL Energy partners with Townsville port for new green methanol plant and bunkering facilities

ABEL Energy is looking to speed up the potential construction of a methanol production plant through cooperation with the Port of Townsville.

about 2 years ago
DNV has cooperated with offshore design and engineering services provider, Moss Maritime, to increase the deployment of floating solar technology in severe environmental conditions
Business & Finance

DNV and Moss Maritime team up to propel floating solar technology in harsh marine environment

DNV has cooperated with offshore design and engineering services provider, Moss Maritime, to increase the deployment of floating solar technology in severe environmental conditions. DNV has issued a Statement of Conformity to Moss Maritime for the design methodology of XolarSurf, a floating solar c

about 2 years ago
Extinction Rebellion Norway
Business & Finance

Oil & gas infrastructure in six North Sea countries hit by ‘unprecedented’ blockades

Activists have embarked on a wave of new climate action by setting up blockades to certain fossil fuel infrastructure in six North Sea countries.

about 2 years ago
OneSubsea's equipment to back landmark gas field offshore Philippines
Business & Finance

OneSubsea’s equipment to back landmark gas field offshore Philippines

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract with a company in the Philippines to deliver subsea equipment for an offshore gas field. Under the contract signed with Prime Energy Resources Development, OneSubsea will deliver wellheads, Christmas trees (

about 2 years ago
Illustration; Source: ExxonMobil
Business & Finance

ExxonMobil: Europe needs policy change not deindustrialization to be ‘attractive’ decarbonization playground

The president of ExxonMobil’s European arm is adamant that Europe needs industry to deliver the right set of climate tools and solutions.

about 2 years ago
Italy's Saipem and Fincantieri jointly pursuing subsea robotics
Business & Finance

Italy’s Saipem and Fincantieri jointly pursuing subsea robotics

Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed

about 2 years ago
UK engineering start-up gets financial boost for new wind propulsion system
Business & Finance

UK engineering start-up gets financial boost for new wind propulsion system

UK-based maritime engineering start-up WingTek, in collaboration with the University of Bristol and the National Composites Centre, has won a £2.2 million ($2.7 million) innovation grant for the development of a new wind auxiliary propulsion (WAP) system.

about 2 years ago
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