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December 20, 2024
TotalEnergies announced on Friday that it had completed the planned purchase of a majority stake in two offshore wind project in Denmark which recently received construction permits. The French energy company now owns an 85% stake in a 240 megawatt (MW)…
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December 19, 2024
The British government announced that the Spanish shipbuilder Navantia would acquire the shipyards owned by Harland & Wolff in Belfast, a company most famous for its Titanic-building work. The British government announced that the deal is subject…
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December 19, 2024
The Italian Economy Ministry announced on Thursday that a consortium led by it has submitted a 700-million-euro ($733-million) binding bid for Telecom Italia (TIM)'s Sparkle submarine cable unit. The Ministry is bidding against Retelit, a Spanish…
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December 17, 2024
A spokesperson for Thyssenkrupp said that a spinoff was the best option to divest its defence business. This came after a German paper reported on Tuesday that several bidders had submitted offers for the unit. Carlyle, the German state lender…
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December 17, 2024
Prysmian, an Italian company, signed a framework deal on Tuesday with French electricity grid operator Reseau de Transport d'Electricite to connect two offshore turbine farms to the French transmission network. The deal could be worth up to 700 million euros.
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December 17, 2024
Fincantieri, an Italian company, and Sparkle, a unit of Telecom Italia that deals with submarine cables and surveillance systems for telecommunications cable networks in the oceans have agreed on developing solutions to monitor and protect these cables.
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December 17, 2024
Developer European Energy announced on Tuesday that the Danish Energy Agency had granted a permit for construction of the 240 megawatt (MW), Jammerland Bugt, offshore wind farm. The project is scheduled to begin operating in 2029. The project…
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December 16, 2024
Jake Sullivan, U.S. National Security Advisor, said that the AUKUS nuclear submarine partnership between Australia and the United States will be beneficial to the United States. It is also the type of "burden-sharing" deal Donald Trump talked about.
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December 16, 2024
The EU's crop-monitoring service reported on Monday that cereal fields are in general good condition in Europe after a mild, dry spell helped them recover from an autumn soggy. However, grain belts near the Black Sea lack hardiness for the winter.
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December 16, 2024
Dec 16 - The shattered mast of British sailor PipHare has ended his bid to complete a second Vendee Globe, a 24,000-mile race. The 50-year old woman dismasted the 60ft boat Medallia, about 800 nautical miles south-west of Australia. This ended a solo trip that began on November 10.
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December 16, 2024
Norway announced on Monday that it would be providing 2.7 billion crowns (242 millions of dollars) to help strengthen the Ukrainian Navy and deter Russian Naval Forces in the Black Sea. The government stated that a large part of the funds will…
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December 13, 2024
A government commission charged with reviewing and speeding the process for authorising new wind farms said Friday that developing offshore wind projects near Sweden's coastlines was not commercially feasible at this time. The head of the commission…
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December 12, 2024
Euronext wheat eased Thursday, after reaching a two-week high, due to the weakness of Chicago grains, and persistent export competition, despite concerns over Russian supply. The price of March wheat at Euronext was 0.8% lower, coming in at 229.00 Euros ($240.52).
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December 10, 2024
Brazilian and Italian authorities announced that they had launched two joint operations Tuesday to dismantle a transnational conspiracy to transport cocaine using cargo ships or planes from South America to Europe. In Brazil, 18 arrest warrants…
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December 10, 2024
A judicial source reported that an Italian court sentenced on Tuesday three people to prison terms of up to 16-years for their role in a shipwreck involving migrants in which 94 people perished last year. The nighttime shipwreck that occurred near Cutro in southern Calabria on February 26…
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December 5, 2024
Corio Generation is the UK-based offshore developer backed by Australia’s Macquarie Group. The company plans to reduce a few jobs, according to a spokesperson on Thursday. Many offshore wind companies have reviewed their investments and undertaken…
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December 5, 2024
Authorities in Denmark announced on Thursday that they had received no bids from offshore wind farms for the latest tender. In a written announcement, Energy and Climate Minister Lars Aagard stated that "this is a very disappointed result".
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November 29, 2024
Three traders on Friday said that the freight rates for Russian oil transport are expected to increase due to the upcoming winter season and new sanctions imposed against Russian fleet. The UK has introduced the most severe sanctions against Russia's shadow fleet of merchant ships.
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November 28, 2024
Katherine Grainger, a former Olympic rower and chair of UK Sport and currently the chair of the British Olympic Association(BOA), was elected as chair of the British Olympic Association on Thursday. She will be the first woman in the position.
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November 27, 2024
Sebastien S. Simon, a Frenchman from the Vendee Globe, broke the solo monohull 24 hour distance record on Wednesday. He sailed 602,56 nautical miles and beat his compatriot Yoann RICHOMME's previous mark by 22.7%. In recent times, the fleet has been propelled by an ever-moving depression.
