Indirect Subsidiary News

Credit. iXblue

iXblue's USV Used for Saint Nazaire Offshore Wind Farm Bathymetric Survey

Offshore Wind Farm will produce 20% of the French Department Loire-Atlantique’s electricity consumption needs and will contribute to achieving the target of 40% renewable energy by 2030 and carbon neutrality by 2050 in France.Being developed by EDF Renouvelables and EIH S.à r.l, an indirect subsidiary of Enbridge Inc., and CPP Investments, the offshore wind farm will have a capacity of 480 MW, with the ability to power 20% of the Department Loire Atlantique.The wind farm, located between 12 km and 20 km off the coast of the Guérande peninsula in western France, is scheduled to be

Hydroid’s REMUS autonomous underwater vehicle (Photo: Hydroid)

Huntington Ingalls Industries to Acquire Hydroid

Huntington Ingalls Industries (HII) announced today that it has entered into an agreement to acquire Hydroid Inc., a provider of advanced marine robotics to the defense and maritime markets and a U.S. based indirect subsidiary, wholly owned by Kongsberg Maritime. In conjunction with the transaction, HII and Kongsberg Maritime are also establishing a strategic alliance to jointly market naval and maritime products and services to the U.S. government market and potentially to global markets.Hydroid, based in Pocasset, Mass., will become part of HII’s Technical Solutions division. The acquisition

Måns Lidgren, Chief Executive Officer of Rex International Holding

Rex IH Gives Norway Drilling, License Updates

drilling and license status update on its portfolio in Norway Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, shared its latest developments in its Norway portfolio, held through its 65 percent owned indirect subsidiary, Lime Petroleum Norway AS and investee company, North Energy ASA. Måns Lidgren, Chief Executive Officer of Rex International Holding, said, “Besides growing our portfolio through farm-ins, participation in government award of licenses and investment holdings in other exploration

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