Search results for: boost

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A list of search results

  • 20 January 2021
    Market outlooks, Outlook & strategy

    Gasum, the Nordic energy company, sees the potential of increased investment in future projects due to the price increase of LNG. In this week’s analysis, Gasum reports that the Risavika LNG reached 30.20 Euro per megawatt-hour. European gas prices remained supported by tight supply and cold weather. However, the weather is expected to change in […]

  • 20 January 2021
    Business developments & projects, Infrastructure

    Partners in Israel’s largest natural gas fields Leviathan and Tamar will invest in new pipeline system to export the fuel to Egypt. Chevron, as the operator of both gas fields, has entered into an agreement with Israel Natural Gas Lines (INGL) for the provision of transmission services of natural gas from the Tamar reservoir and […]

  • 14 January 2021
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) have signed a farm-in and carry agreement for a block offshore Namibia.

  • 13 January 2021
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    Tanker owner and operator Scorpio Tankers has decided to sell and lease back three MR product tankers and one LR2 product tanker to China’s AVIC International Leasing.

  • 12 January 2021
    Equipment, Infrastructure, Innovation, Research & Development, Technology

    Thermoplastic composite pipe (TCP) specialist Strohm has secured a contract with Total and ExxonMobil for a qualification testing programme for a high pressure, high temperature TCP. The qualification project will create a foundation for further development of this TCP technology for riser applications. Under the agreement, the business, which rebranded from Airborne Oil & Gas, will […]

  • 7 January 2021
    Business & Finance, Business developments & projects, Technology

    Innovation Norway has granted financial support to the Deep Purple project, which is developing a green hydrogen production system powered by offshore wind, with the hydrogen being stored on the seabed. A consortium led by TechnipFMC is working on a pilot project that will see a green hydrogen offshore energy system being constructed and tested […]

  • 5 January 2021
    Authorities & Government, Business developments & projects, Collaboration, Innovation, Outlook & strategy, Research & Development, Technology

    European Union’s Horizon 2020 program has awarded €5 million to VALID project for the development of a Hybrid Testing Platform that will accelerate the testing of marine energy devices in Europe’s race towards carbon neutrality.

  • 28 December 2020
    Business & Finance, Business developments & projects, Innovation, Technology

    X1 Wind, which leads the PivotBuoy floating wind platform project in Spain, has been selected in the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. The company has been chosen for funding support together with 37 European start-ups and SMEs to receive between EUR 1 million and EUR […]

  • 21 December 2020
    Business developments & projects, Infrastructure, Innovation, Outlook & strategy, Research & Development

    Anglesey tidal energy project, Morlais, is set to become one of the first projects to benefit from the proposed £240 million North Wales Growth Deal.

  • 16 December 2020
    Business developments & projects, Human Capital, Transition

    Energy consultancy Xodus has expanded its emissions team to support clients and the wider energy industry in achieving its net zero goals. Atmospherics expert Natasha Howlett has joined the company to lead an in-house emissions management division, which will support clients’ emissions reduction initiatives around the world. This new offering will build on Xodus’ existing […]

  • 9 December 2020
    Business & Finance, Business developments & projects, Exploration & Production, Operations & Maintenance

    W&T Offshore has restored production that was shut-in due to an active storm season in the Gulf of Mexico and increased its production guidance for 4Q 2020.

  • 9 December 2020
    Business & Finance, Business developments & projects, Collaboration, Transition

    The Offshore Wind Growth Partnership (OWGP) selected 32 UK companies working in industries such as oil and gas, aerospace and defence for its Wind Expert Support Toolkit (WEST) Pilot Programme, within which the companies will join those already involved in the renewable energy sector. The programme will support companies with products and services across the […]

  • 3 December 2020
    Business developments & projects, Infrastructure, Vessels

    Boskalis will add a multipurpose DP2 vessel Boka Tiamat to its fleet in January 2021, the company said via social media on 3 December, and will deploy the vessel on offshore wind projects in Taiwan. The offshore construction vessel was built by VARD BRATVAAG and delivered as a new-build in 2019. It has been retrofitted […]

  • 26 November 2020
    Authorities & Government, Business developments & projects, Equipment, Technology, Transition

    According to the UK’s latest spending review, the government is backing global underwater engineering hub in Aberdeen with £1.3 million. Bringing together underwater technologies from both industry and academia, the planned hub should reinforce the UK’s status in the field and build on expertise in subsea robotics, remotely-operated underwater vehicles and maritime support vessels. Seizing […]

  • 25 November 2020
    Business & Finance, Business developments & projects, Innovation, Outlook & strategy, Regulation & policy, Research & Development, Technology

    The U.S. Department of Energy (DOE) has awarded $35 million for 11 projects which seek to develop new economically competitive hydrokinetic turbine designs for tidal and riverine currents.

  • 20 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Outlook & strategy, Project & Tenders

    Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.

  • 18 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Equinor’s Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.

  • 12 November 2020
    Business & Finance

    RWE has reported significantly higher adjusted EBITDA at its offshore wind business segment for the first three quarters of 2020, which stood at EUR 738 million, up from EUR 660 million the same period last year. The company attributed the 12 per cent increase primarily to better wind conditions in the first quarter of this […]

  • 9 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Hess Corporation has completed the sale of its interest in the Shenzi field, located in the deepwater Gulf of Mexico, to BHP.

  • 5 November 2020
    Business developments & projects, Innovation, Research & Development, Technology

    Ireland-based provider of hydrokinetic solutions GKinetic Energy has been selected to receive support from Europe’s BlueInvest Readiness Assistance Programme.

  • 30 October 2020
    Business & Finance, Equipment, Market outlooks, Transition

    Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2019 capacity in the next 18 months and the continuation of its product development for […]

  • 26 October 2020
    Business & Finance

    US-based Harvey Gulf Subsea Solutions has appointed two new members to its subsea solutions team, Brad Brister and Mark Scott. Brister is a PMP certified project manager with over 19 years of subsea IMR experience. He has previously held roles with Canyon Offshore, Deep Marine Technologies, and most recently Oceaneering International. Also, Scott brings to […]

  • 23 October 2020
    Business & Finance, Business developments & projects

    Japanese shipping major Nippon Yusen Kaisha (NYK Line) has signed a deal with Total to acquire shares in the ship management company Gazocean.

  • 23 October 2020
    Environment, Research & Development, Technology

    Xerox company PARC has secured a contract from the Defense Advanced Research Projects Agency (DARPA) for the next development phase in the Ocean of Things, a project to expand what scientists know about the seas. Initially announced by DARPA in 2017, the Ocean of Things project is deploying small, low-cost drifters in the Southern California […]

  • 22 October 2020
    Innovation, Technology

    GE Renewable Energy’s Haliade-X prototype, the world’s most powerful wind turbine operating to date, has been optimized and is now operating at a 13 MW power output. During the following months, the prototype operating in the Port of Rotterdam will undergo a series of tests to perform different types of measurements and obtain its type […]