Royal Dutch Shell has abandoned one of Norway's major and most modern industrial projects because of increasing costs and intricacy, facing a blow to equipment expected to develop offshore production.
read more... 14/04/2014
British utility SSE has announced it is retreating from a project to build a subsea electricity cable linking Scotland and Norway. SSE is one of the U.K.'s six major energy providers, and it added also that it will no longer have a financial involvement in the NorthConnect project as it intends to focus on investments in its domestic markets.
read more... 07/03/2013
UK’s National Grid awarded a grid connection of 3,000MW to Element Power which will export the renewable energy to the UK via two independent subsea cables.
read more... 31/07/2012
UK’s National Grid signed a deal with Norwegian group Statnett to develop the world’s longest subsea power cable (700 km), called the North Sea Network by 2020.
read more... 26/06/2012
China's offshore oil and gas producer CNOOC reported a leak in a subsea pipeline at its Zhuhai Henggin gas processing terminal in South China's Guangdong province, prompting the halt of some platforms at the Pangyu 30-1 and Huizhou 21-1 fields.
read more... 20/12/2011