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Swedish state-owned corp backs financing of large UK subsea link with €800M
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Swedish state-owned corp backs financing of large UK subsea link with €800M

Swedish Export Credit Corporation (SEK), a state-owned company that finances Swedish exporters, their subcontractor, and foreign customers, has agreed a €800 million loan facility with National Grid Electricity Transmission to fund a portion of what is said to be the UK’s largest-ever electricity tr

about 1 year ago
Floating data
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MOL, Karpowership’s Kinetics join forces on ‘world’s first’ integrated floating data center platform

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Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MOU) with Kinetics, the energy transition initiative of Turkish floating power company Karpowership, to jointly develop a next-generation floating data center platform.

about 1 year ago
EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters
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EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters

EDGE Navigation and DNV have signed an agreement to jointly develop a classification framework for a 20,000 cbm ocean-going liquid hydrogen (LH2) carrier.

about 1 year ago
HelioRec's 250kW floating solar in Domaine De Cicé-Blossac, Bruz, France
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HelioRec completes O&M for 250 kW floating solar plant in France

French floating solar company HelioRec has completed operations and maintenance (O&M) activities on its 250 kW floating solar installation at Domaine de Cicé-Blossac in France. Commissioned on 29 October 2024, the system has so far helped avoid 70 tonnes of CO₂ emissions – “the equivalent of plantin

about 1 year ago
New Nexans cable layer arrives in Norway to wrap up construction (Gallery)
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Last destination before finalization: New Nexans cable layer arrives in Norway (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) has arrived at Ulstein Verft in Norway, marking the start of its outfitting and completion phase. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version o

about 1 year ago
Final design unveiled for Port of Newcastle’s Clean Energy Precinct project
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Final design unveiled for Port of Newcastle’s Clean Energy Precinct project

Australia’s Minister for Climate Change and Energy, Chris Bowen, joined by Deputy Speaker of the House of Representatives, Sharon Claydon, and Port of Newcastle’s CEO, Craig Carmody, has unveiled the final design of the Clean Energy Precinct (CEP) project, marking a step toward positioning the site

about 1 year ago
Surveys to begin at Ireland-Wales interconnector in ten days
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Surveys to begin at Ireland-Wales interconnector in ten days

Belgian GeoXYZ will be kicking off site investigations this month for a 750 MW electricity interconnector that will link Ireland and Wales. The MaresConnect interconnector will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyd

about 1 year ago
Baker Hughes and Evida shake hands for CO2 transport in Denmark
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Baker Hughes and Evida shake hands for CO2 transport in Denmark

U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
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EU rolls out hydrogen mechanism to support market uptake

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (

about 1 year ago
Cable laying about to resume at 725-kilometer link connecting UK and Germay for the first time
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Cable laying about to resume at 725-kilometer link to connect UK and Germay for the first time

Italian cabling giant Prysmian Group will soon kick off the second phase of cabling works in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. The 725-kilometer land and subsea cable system is said to creat

about 1 year ago
Second Island Offshore hybrid ocean energy construction vessel under construction at VARD
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VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago
Port of Gothenburg
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New 25-year agreement to help Port of Gothenburg become energy hub of the future

Sweden’s Port of Gothenburg has signed new agreements with Inter Terminals Sweden, a Scandinavian bulk liquid storage provider.

about 1 year ago
WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam
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WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam

An energy subsea construction vessel (ESCV) being built in Vietnam for Norwegian shipping company Rem Offshore has hit the water one month ahead of schedule. Once delivered next year, the vessel will perform heavy construction work in offshore wind and subsea arenas with net-zero emissions. Followin

about 1 year ago
Newly formed Houston firm sheds subsea tree business to focus on core product lines
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Newly formed Houston firm sheds subsea tree business to focus on core product lines

Innovex International, a Houston-based provider of products and technologies to the oil & gas industry, established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has completed the divestment of its Subsea Tree product line to compatriot Trendsetter Engineering in an all-cash tra

about 1 year ago