Construction works have commenced on the Celtic Interconnector that will link Ireland and France. The project is being developed by the Irish transmission system operator (TSO) EirGrid and its French counterpart Réseau de Transport d’Electricité (RTE). EirGrid reported today, November 3, that constr
Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement
Ulstein Design & Solutions has secured a contract with Malaysia-based Megamas Resources in partnership with Renaissance Technologies (RTM) to deliver the conceptual design of a fuel-efficient cable laying and repair vessel. According to Ulstein, the decision was taken in view of the shortage of cabl
Norwegian companies Ocean Sun and Inseanergy have formed partnership to supply the aquaculture industry with green energy using floating solar technology. Following the settlement of a patent dispute earlier this year, Ocean Sun and Inseanergy have entered into a cooperation agreement to supply gree
Sonardyne, working with XOCEAN’s uncrewed surface vehicles (USV), has delivered remote acoustic data harvesting services to Shell at its Ormen Lange gas field in the Norwegian Sea that does not have conventional surface operation platforms. Without surface platforms, acoustic data from the subsea se
Prysmian Group has signed an agreement worth approximately €900 million to deliver submarine and land power cable systems for what is said to be one of the largest transmission infrastructure projects in the U.S. Clean Path New York is an $11 billion renewable energy project comprising 3,800 MW of w
ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will
Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte
The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges
Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.
U.S. oil and gas major Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of the compatriot company in an all-stock transaction valued at $53 billion. Under the terms of the agreement, Hess shareholders will receive 1.0250 share
Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.
InterConnect Malta has launched a tender for the transformer and shunt reactors for the second Malta to Sicily electrical interconnector. This is the first of a number of tenders upcoming for the project. The interconnector will consist of a new ~118-kilometer-long 225 MW HVAC electrical cable inter
