Shares in Petrofac surged on Wednesday after the oilfield services company said it had secured performance guarantee for the first contract awarded under its agreement with Dutch electricity company TenneT.
TenneT, in collaboration with contractor Equans/Smulders, has installed several artificial reefs near the offshore transformer platform Hollandse Kust (west Alpha) to gain further knowledge about nature-inclusive construction.
Seatrium has announced the sailaway of the DolWin epsilon, a High Voltage Direct Current (HVDC) Offshore Platform for European grid operator, TenneT. The platform, part of the DolWin5 project, is a collaboration between Seatrium and Aibel.