Subsea technology and engineering company SMD has signed two new service level agreements (SLAs) with SEAJET, an OEG Renewables company, and Global Marine.Both SEAJET, an all-electric controlled flow excavation (E-CFE) service provider, and Global Marine…
French subsea power cable maker and services provider Nexans has launched a cable recycling and recovery service in Europe, aiming to address the growing copper shortage by transforming the waste into recycled raw materials.Nexans is stepping…
Energy and marine consultancy ABL has been appointed as marine warranty surveyor to support the marine transportation and installation (T&I) operations relating to the construction of the grid connection system known as Centre Manche 1 and Centre Manche 2…
North Star has launched a partnership which includes MO4, Principle Power, SMST, Vard, and Voith Group to fast-track the development of high-performance operations and maintenance ships tailored for floating offshore wind farms.The companies…
Scottish ocean energy company Mocean Energy and global controls technology specialists Proserv have signed a working partnership agreement with the aim of accelerating the development of renewables solutions for subsea operations.Together the…
Vard, Norwegian subsidiary of the Fincantieri Group, has signed a new contract for the design and construction of one tailor-made Commissioning Service Operation Vessel (CSOV) for Navigare Capital Partners.The contract, established in close…
Danish shipowner CBED has secured a one-year contract extension with Hughes Subsea, an OEG Renewables company, for its Wind Evolution commissioning service operation vessel (CSOV).Only six months into the Wind Evolution’s first contract with Hughes Subsea…
VINCI Energies has expanded its industrial activities into a new market segment in the Netherlands with the acquisition of RH Marine and Bakker Sliedrecht, a group of two companies specializing in the maritime sector.By joining VINCI Energies’ network of companies…
Three new floating offshore wind projects have signed contracts with Norway's test facility METCentre to trial new technologies aimed at reducing costs of floating offshore wind.The companies that have signed with METCentre will demonstrate floaters with 15 + MW turbines…
Energy firms Equinor, Aker BP and Vaar Energi have raised their crown-denominate cost estimates for major oil and gas development projects offshore Norway, the country's government said on Monday.Equinor's Johan Castberg project is now expected to cost 86 billion crowns ($8…
Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake.Equinor's ownership position has been built over time, through a combination of market purchases and a block trade…
The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidy payments in the country's first commercial floating wind power tender, in line with a compromise reached earlier this year.'Norway…
Eni and the government agency Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation with the aim of collaborating in the gas and LNG field to increase diversification of supply sources.The memorandum…
TotalEnergies has made an agreement with RWE to acquire 50% equity stake in two large-scale offshore wind projects in Germany, whose combined capacity is 4 GW.RWE was awarded the sites in the latest offshore wind auction in Germany in August…
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When unveiled in 2020, BP's…