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Ringhorne platform; Source: Vår Energi
Business & Finance

More drilling and maintenance work for KCA Deutag at North Sea platform

KCA Deutag has got its hands on a contract extension for the provision of offshore drilling and maintenance services on a platform in the Norwegian sector of the North Sea.

about 2 years ago
Offshore wind accounts for 45% of NKT’s high-voltage order backlog
Business & Finance

Offshore wind accounts for 45% of NKT’s high-voltage order backlog

Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 r

about 2 years ago
Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project
Business & Finance

Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project

Greek cable manufacturer Hellenic Cables has joined a Horizon 2020 EU-funded project that aims to develop a one-stop solution in a multi-use platform (MUP) that will produce electricity and freshwater using wind and wave power for small islands. The MUSICA project will provide a full suite of Blue G

about 2 years ago
POSCO and ADNOC forge clean hydrogen ties
Business & Finance

POSCO and ADNOC forge clean hydrogen ties

South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. According to the agreement, the three parties will jointly propel the

about 2 years ago
Danish Shipping
Business & Finance

Danish Shipping launches new network to drive ESG reporting in maritime

Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.

about 2 years ago
Courtesy of Friends of the Earth
Business & Finance

Court battle over UK govt’s climate action plan in full swing

The UK government has found itself locked in a court fight with climate groups for the second time in under two years over its net zero plans.

about 2 years ago
Illustration; Source: The North Sea Transition Authority (NSTA)
Business & Finance

North Sea platform electrification ‘key’ to unlock emission cuts from oil & gas production, says NSTA

The NSTA has held a workshop on platform electrification with 11 major operators on the UK Continental Shelf and ten technology suppliers.

about 2 years ago
Allseas' Pioneering Spirit wraps up infield pipelay at biggest project in BP's portfolio
Business & Finance

Allseas’ Pioneering Spirit wraps up infield pipelay at biggest project in BP’s portfolio (Gallery)

Allseas has completed the infield pipelay scope for BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal, two months after arriving at the field. The pipelay scope comprises approximately 75 kilometers of two 16-inch export lines and 10 kilometers of four 10-

about 2 years ago
Boskalis and ROVOP join forces for subsea solutions
Business & Finance

Boskalis and ROVOP join forces for subsea solutions

ROV services supplier ROVOP and Boskalis Subsea Services, provider of IRM, construction and decommissioning services, have established a long-term global partnership to deliver integrated subsea solutions to the energy industry. According to ROVOP, the partnership provides five diving support vessel

about 2 years ago
Deepwater Atlas drillship; Source: Transocean
Business & Finance

Transocean ends 2023 on high note with ‘company-best’ uptime performance, says CEO

Transocean has secured a $3.2 billion boost in contract backlog during 2023, thanks to a series of new assignments for its rig fleet.

about 2 years ago
Horisont Energi finalizing corporate restructuring
Business & Finance

Horisont Energi finalizing corporate restructuring

Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. The corporate restructuring was prop

about 2 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe spots rise in tendering activity with more awards anticipated for 2025 and beyond

Oslo Stock Exchange-listed Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond.

about 2 years ago
EST-Floattech
Business & Finance

EST-Floattech to speed up electrification of shipping with new financial boost

Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry.

about 2 years ago
Deal signed for creation of CCS value chain between Malaysia and Japan
Business & Finance

Deal signed for creation of CCS value chain between Malaysia and Japan

Two Japanese players have inked an agreement to pursue the creation of a carbon capture and storage (CCS) value chain between Malaysia and Japan. Tokyo-headquartered Mitsui & Co. and the Hiroshima-headquartered Chugoku Electric Power Co., Inc. concluded a memorandum of understanding (MoU) concerning

about 2 years ago
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