Swedish ocean energy developer Minesto has upgraded its roadmap to a 200 MW tidal energy buildout in the Faroe Islands, said to come as a response to the growing demand for renewable energy. The Faroe Islands has one of the world’s most ambitious energy transition schemes, aiming for 100% renewables
Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen
Scottish subsea specialist Sulmara is set to repurpose an emergency response rescue vessel (ERRV) into a multi-purpose support vessel (MPSV) with the addition of equipment to suit the renewables market. Sulmara has signed a three-year deal with Atlantic Offshore to charter the 67-meter DPII multi-pu
Greek cable manufacturer Hellenic Cables has joined a Horizon 2020 EU-funded project that aims to develop a one-stop solution in a multi-use platform (MUP) that will produce electricity and freshwater using wind and wave power for small islands. The MUSICA project will provide a full suite of Blue G
Researchers from the Spanish University of Oviedo have developed a new offshore solar energy concept that combines a dual-axis tracking system and a tension leg platform (TLP), deemed as a “promising solution for offshore solar energy”. The novel offshore FPV system named HelioSea leverages the comb
UK-based materials management and logistics firm ASCO has secured a five-year contract with BP Trinidad and Tobago, a subsidiary of the UK-headquartered energy giant BP. Under the contract that came into effect at the start of the year, ASCO is providing supply base and pipeyard management services
Eidesvik Offshore and Agalas have entered into an agreement to build a new, low-emission construction support vessel (CSV) that will be equipped to perform inspection, maintenance and repair (IMR) work. The vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the
French engineering, advisory, and project management services company DORIS has acquired a compatriot company active in the fixed offshore wind, floating offshore wind, and floating solar market. Through acquiring WINDGLAS, DORIS’ scope of service that is to be offered to the offshore wind industry
In the year in which it saw “considerable progress” on its sustainability agenda, Nexans has reported a “historic high” adjusted EBITDA of €665 million for the 2023 financial year, a +8.2% increase year-on-year, outperforming the target. Nexans’ EBITDA including share-based payment expenses amounted
A series of public consultation events is being held this month to discuss the proposed MaresConnect electricity interconnector between Ireland and Wales. MaresConnect will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyddan,
UK-headquartered oil and gas engineering services business Plexus Holdings has secured a contract valued at over £1 million to deliver equipment and services for multiple plug and abandonment (P&A) activities in the North Sea. Under the contract with an undisclosed client, Plexus will provide Exact
Denmark’s Wavepiston has opened its next capital raise with the aim of supporting the critical objectives of operating its full-scale wave energy system, among other things. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the
Norway’s energy giant Equinor has signed a long-term frame agreement for diving intervention services with compatriot SubseaPartner. The frame agreement focuses on contingency preparedness for Equinor as the principal user, in addition to 23 other operating companies participating in the Pipeline Re
In response to the intensifying impacts of climate change, the Panama Canal Authority has revealed a noteworthy shift in investment priorities, underscoring a commitment to channel more capital into sustainability initiatives. The canal authority has earmarked $8.5 billion for capital investments, a
