The Nordic Investment Bank (NIB) has signed a ten-year loan agreement with Danish transmission system operator (TSO) Energinet to increase the co-financing to construct the Viking Link interconnector between Denmark and the UK. The DKK 1.5 billion (approximately €201.67 million) loan is expected to
Empyrean is engaged in further discussions with COSL and CNOOC to finalise a spud date for the Jade prospect well, located offshore China.
Uptime International has won two contracts with DOF Subsea for the provision of walk-to-work systems on one of its vessels.
Dutch gas infrastructure company Gasunie and the German state-owned bank KfW have signed a deal to start the construction of the German LNG Terminal in Brunsbüttel.
In recent years we have seen a number of companies active in the offshore energy sector pledging to reach the net-zero emissions status by a certain point in the future. This week we reported on the first time an offshore company had pledged to go ‘beyond net-zero’. The international oil and gas exp
Subsea 7 has secured a contract from Equinor for the FEED study for the marine installations associated with the Krafla project off Norway.
Following reports that Nord Stream 2 AG has filed for bankruptcy, the Swiss-based company and the operator of the Russian gas pipeline has said it “cannot confirm” such reports.
Oil and gas exploration and production company Energean has connected the Karish offshore gas field to the Israel National Gas Line,
Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.
Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design for a new LNG carrier from French LNG containment specialist GTT.
Carnarvon Energy is working to secure financing for the Santos-operated Dorado project off Australia ahead of the FID for the project.
TerraSond, Acteon’s geo-services provider, has been confirmed as a preferred supplier for the subsea balance of plant inspection and survey services for the Vineyard Wind 1, said to be the first major commercial-scale offshore wind farm in the U.S. waters.
Bilfinger UK has expanded its presence in the North East with the opening of a new fabrication facility, spurring further headcount increase.
Japanese research and observation company Kaiyo Engineering has acquired Cougar, an underwater robotic vehicle, from Saab Seaeye for cable burial inspection and other activities in the country’s offshore wind industry.
