European power exchange Nord Pool has won a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day ahead market for the 1,400 MW North Sea Link (NSL). NSL, a joint venture between National Grid and Statnett, wi
Ocean Power Technologies (OPT) has secured a contract for DeepStar project to study the deployment and operational requirements of using its PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production.
Expro Group Australia, a subsidiary of Expro International Group Holdings, has secured a contract from Chevron Australia for its subsea riserless well intervention (RWI) solution.
MacArtney Group has appointed Phil Middleton as new managing director for its UK operations.
Equipment rental business Hiretech Limited has invested a six-figure sum in establishing an air powered winch offering as part of its growing rental portfolio.
In a bid to accelerate the transition to sustainable energy production, Aker Solutions has launched a call to action urging industry, authorities, and society to work together to achieve common goals.
Norwegian energy giant Equinor has invited contractors to show interest for a pre-qualification process related to the Horizontal Directional Drilling (HDD) works for the landfall of CO2 pipeline as part of the Northern Lights project.
Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables proj
German transmission system operator TenneT Offshore GmbH has launched a qualification system for the provision of floating units or vessels for nearshore cable failure repairs in the North Sea and the Wadden Sea. In case of a cable failure, TenneT will choose vessels as per the predefined scenario f
Scottish offshore wind seabed leasing process has brought together Scotland-headquartered SSE Renewables, Japanese conglomerate Marubeni Corporation, and Danish fund management company Copenhagen Infrastructure Partners (CIP). According to the latest press release from SSE Renewables, the developer
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group.
Oil and gas company Aker BP has started production from the Ærfugl phase 1 project development located in the Norwegian Sea.
Equinor has awarded contracts for concept studies to progress the Wisting project development, in the Barents Sea, towards a final concept select decision.
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
