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Following upgrades, world’s first hybrid-electric anchor handler completes sea trials
Business & Finance

World’s first hybrid-electric anchor handler completes sea trials

Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.

about 4 years ago
UK’s first HVDC cable factory receives planning approval
Business & Finance

UK’s first HVDC cable factory receives planning approval

The North Ayrshire Council Planning Committee has granted planning permission for XLCC to build the first HVDC subsea cable factory in the UK. The HVDC subsea cable manufacturing facility, which will be located in Hunterston, Scotland, received the planning approval on 29 June. Construction is expec

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Business & Finance

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
Wavepiston test string being deployed at PLOCAN (Courtesy of Michael Henriksen/Wavepiston)
Business & Finance

Wavepiston targets €2M through equity issue

Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.

about 4 years ago
CGG wins contract extension with Petrobras
Business & Finance

Petrobras extends contract for CGG’s dedicated reservoir services center

Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while a

about 4 years ago
Masirah Oil
Business & Finance

Following production shutdown off Oman, restart anticipated in two weeks

Masirah Oil is putting the wheels into motion to resume production at a field offshore Oman after it was stopped due to oil leakage.

about 4 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Business & Finance

SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021

Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.

about 4 years ago
Solstad to bank over $54 million in new vessel contracts
Business & Finance

Solstad to bank over $54 million from new vessel contracts

Norwegian vessel owner Solstad Offshore has secured contract awards for its construction support vessels (CSVs) Normand Cutter and Normand Sentinel. Normand Cutter has won a contract with an undisclosed client in South America for a firm charter period of 460 days with the possibility of a further 4

about 4 years ago
Petronas signs deal for Indonesian block to ‘address the growing energy demand’
Business & Finance

Petronas signs deal for Indonesian block to ‘address the growing energy demand’

Petronas has inked a PSC for a block onshore and offshore East Java, Indonesia to develop and explore the block’s hydrocarbon potential.

about 4 years ago
Sembcorp Marine delivers giant world’s first 8th generation drillship to Transocean
Business & Finance

Sembcorp Marine delivers giant world’s first 8th generation drillship to Transocean

Singapore’s Sembcorp Marine has handed over a newbuild drillship, described as the world’s first eighth-generation drillship, to Transocean.

about 4 years ago
Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain
Business & Finance

Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain

Dutch Port of Amsterdam and German duisport have signed a memorandum of understanding (MOU) to expand their cooperation and jointly develop the hydrogen value chain and their hinterland network. The MOU represents a new phase in the long-term partnership between the two ports that are directly conne

about 4 years ago
Shell adds high-impact gas prospect in North Sea to Maersk rig’s backlog
Business & Finance

Shell adds high-impact gas prospect in North Sea to Maersk rig’s backlog

Shell has hired a Maersk Drilling-owned rig to drill a prospect in the North Sea, which is expected to provide the UK with more gas sources.

about 4 years ago
Dynamic Load Monitoring upgrades cable-laying hire fleet
Business & Finance

Dynamic Load Monitoring upgrades cable-laying hire fleet

UK’s Dynamic Load Monitoring (DLM) has expanded its cable-laying hire fleet for pre-lay grapnel run (PLGR) and route clearance operations as the renewable energy sector prepares for a busy period offshore. Recent additions include two acoustic release hooks and a de-trenching grapnel with a 1.8-mete

about 4 years ago
Høglund Marine Solutions
Business & Finance

HAV Group to acquire Høglund Marine Solutions

Norwegian technology provider HAV Group ASA has signed a letter of intent for the acquisition of Norwegian integrated automation and energy specialist Høglund Marine Solutions.

about 4 years ago
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