Vard's shipyard in Tulcea, Romania, on Wednesday held a keel laying ceremony for the Prysmian Group's newest cable laying vessel.The new 171-meter vessel, an identical sister ship to the state-of-the-art Leonardo da Vinci delivered in 2021, is scheduled to start commercial operation in early 2025…
Romania's gas pipeline operator will build a new pipeline worth an estimated 500 million euros ($529.30 million) meant to bring offshore Black Sea gas to the national grid once the two gas producers make a final investment decision, Prime Minister Nicolae Ciuca said on Thursday…
Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group is prevented from increasing gas production at its offshore project due to higher taxes and regulation, its chief executive said on Tuesday. BSOG launched Romania's…
Shipbuilder and designer Vard, part of Fincantieri, said Friday that it had secured a contract to design and build a cable laying vessel for NCT Offshore in Denmark.The VARD 9 01 design vessel is designed by Vard Design in Ålesund, Norway. The hull will be built at Vard Tulcea in Romania…
Potential extractions from a long-awaited deepwater gas field in the Black Sea could mean countries in the region can finally cut their dependency on Russian energy, Romania's foreign minister said on Friday.Romanian oil and gas group OMV Petrom said on Feb…
Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…
Romanian oil and gas group OMV Petrom is sticking for now to a price estimate of 2 billion euros net for its pending Black Sea offshore gas project, although it is reassessing the costs, its chief executive said on Tuesday. 'We're working through…
Norwegian offshore vessel owner Rem Offshore has secured a charter contract with ASSO Subsea for its newbuild CSOV Rem Power.The vessel will support the construction phase of offshore wind farms, providing welfare and transfer services to personnel…
Romanian oil and gas group OMV Petrom is 'closer than ever' to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the Black Sea resources she says are key to the country's energy security. The company…
Under an EU-backed scheme, Bulgaria will see a 5 MW floating wind turbine demonstrator installed off its coast in the Black Sea within the next two years, as part of the Black Sea Floating Offshore Wind (BLOW) project. The project, which will see the turbine connected to an offshore gas platform…
Romanian gas producers OMV Petrom and state-owned Romgaz filed paperwork on Tuesday that edged them closer to the extraction of a long-awaited deepwater gas field in the Black Sea, Petrom said.The two companies jointly own the Neptun Deep offshore project…
As demand grows for liquefied natural gas in Europe in the wake of the war in Ukraine, Greece has relied heavily on its sole LNG terminal off Athens to replace Russian gas imports. Now it is looking to build new floating storage and regasification units (FSRUs) that could be operational by 2024…
VARD shipyard in Romania launched the hull of the new Van Oord cable layer Calypso earlier this week.Vard Tulcea in Romania is making final preparations before the hull will be towed to Vard Brattvaag. At Vard Brattvaag, the shipbuilder will continue outfitting the vessel…
Shipbuilder VARD said Thursday that its first hull for a Commissioning Service Operations Vessel (CSOV) arrived at Vard Søviknes in Norway. The hull of the vessel, which will be used to support offshore wind operations, was launched at Vard…
Van Oord's new cable-laying vessel Calypso is headed to the Vard Brattvaag shipyard in Norway after its hull launch last week in Romania. Once in Norway, Vard Brattvaag will complete the construction of the vessel which is expected to enter operation at the end of 2023…
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