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Symphony Wave Power partners with compatriot firm on wave energy pilot in Dutch North Sea
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Symphony Wave Power partners with compatriot firm on wave energy pilot in Dutch North Sea

The Netherlands-based tidal and wave energy developer Symphony Wave Power has signed a memorandum of understanding (MoU) with compatriot firm ONE-Dyas to advance testing of its wave energy technology for offshore power applications in the Dutch North Sea. With deployment targeted for 2027, the compa

about 1 year ago
Vallourec lands 'large' Qatar deal weeks after acquiring Brazillian pipe coating firm
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Vallourec lands ‘large’ Qatar deal weeks after acquiring Brazillian pipe coating firm

French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel

about 1 year ago
founder and CEO of WaveX, Simon Renwick
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WaveX looks to close seed round and unlock govt grant for wave energy system

Australian wave energy developer WaveX is approaching completion of its current seed raise, securing 82% of its targeted funding round ahead of the June 30, 2025 deadline. The Perth-based company has partnered with LIQUIDITY as lead manager to finalize the seed raise. The final push is said to get W

about 1 year ago
Equinor contracts compatriots for 4D survey over field operational since 2009
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Equinor contracts compatriots for 4D survey over field operational since 2009

Norway’s state-owned energy company Equinor has contracted compatriot marine geoscience and technology company Shearwater GeoServices to perform a 4D survey over its Tyrihans field in the Norwegian Sea. Located 25 kilometers southeast of the Åsgard field in water depth of 270 meters, Tyrihans was di

about 1 year ago
SeaBird Exploration name retires as merger with Singapore's Energy Drilling wraps up
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SeaBird Exploration name retires as merger with Singapore’s Energy Drilling wraps up

Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration has changed its name to SED Energy Holdings, as well as its Oslo Stock Exchange ticker code, following the merger with Singapore’s tender-assisted drilling provider Energy Drilling. The new company name has been re

about 1 year ago
Expro to deliver well testing for UK’s first offshore CO2 storage project
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Expro to deliver well testing for UK’s first offshore CO2 storage project

Energy services provider Expro has been appointed to deliver integrated well testing services for the UK’s first offshore carbon capture and storage (CCS) project, being developed by a joint venture of BP, Equinor and TotalEnergies. Being developed around 75 kilometers east of Flamborough Head, the

about 1 year ago
Third subsea link between Finland and Sweden to replace aging cable in late 2030s
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Third subsea link between Finland and Sweden to replace aging cable in late 2030s

The Finnish and Swedish transmission system operators (TSOs) Fingrid and Svenska kraftnät have initiated the planning process for the third submarine cable between the countries which would replace the first connection at the end of its operational lifetime in the late 2030s. Under a signed letter o

about 1 year ago
Members of the Marine Energy Taskforce (MET)
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UK launches taskforce to drive tidal and wave energy roadmap

The UK has launched the Marine Energy Taskforce (MET), a new initiative aimed at developing a roadmap to realise the country’s marine energy potential. Supported by The Crown Estate and Crown Estate Scotland, the 12-month project will focus on accelerating wave and tidal stream energy deployment whi

about 1 year ago
Kystdesign to strengthen DeepOcean's ROV fleet with 7 new units
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Kystdesign to strengthen DeepOcean’s ROV fleet with 7 new units

Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of seven remotely operated vehicles (ROVs), two of which have already been delivered, expanding its ROV fleet of almost 60 units. DeepOcean recently took delivery of two Constructor-series work-class ROVs (WRO

about 1 year ago
Minesto secures $2.3M loan to support operations, clarify capital needs
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Minesto secures $2.3M loan to support operations, clarify capital needs

Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest

about 1 year ago
Norway: Northern Lights approved for CO2 storage expansion
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Norway: Northern Lights approved for CO2 storage expansion

The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per

about 1 year ago
Singaporean three-year memorandum targets submarine power projects
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Singaporean three-year memorandum targets submarine power projects

Singapore-headquartered offshore marine service contractor Kim Heng has signed a memorandum of understanding (MoU) with the newly incorporated government-linked Singapore Energy Interconnections (SGEI) to cooperate on submarine power projects. As part of the non-binding MoU signed on June 9, the par

about 1 year ago
Innosea projects across floating solar PV
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Innosea rebrands as OWC, strengthening ABL Group’s renewables offering

French marine renewables consultancy Innosea is rebranding as OWC, finalizing its integration into the ABL Group’s global renewable energy advisory unit. The move consolidates Innosea’s research and development (R&D) and engineering capabilities under the OWC name, while structural, hydrodynamics, a

about 1 year ago
In push to strengthen Europe's energy grid, EIB backs first Spain-France subsea link with €1.6B
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In push to strengthen Europe’s energy grid, EIB backs first Spain-France subsea link with €1.6B

The European Investment Bank (EIB) is supporting the construction of the first submarine electricity interconnection between Spain and France with €1.6 billion, in a push to improve the reliability of power supply among France, Spain and Portugal and with the rest of Europe. Delivered by Inelfe, a j

about 1 year ago