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Business Developments & Projects

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York platform in the Southern North Sea
Business Developments & Projects

Spirit Energy gives another three years of life to North Sea gas field

Spirit Energy has given another three years of life with an additional £13 million ($16.7Mn) investment to its York gas field in the Southern North Sea.

about 6 years ago
Ifremer
Business Developments & Projects

Forssea eyes marine renewables with Ifremer

French National Institute for Ocean Science Ifremer has acquired a stake in compatriot company Forssea Robotics. Through this partnership, Forssea wants to accelerate its diversification in the sectors of renewable marine energies and scientific exploration. Ifremer is thus once again showing its am

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about 6 years ago
Petrofac
Business Developments & Projects

NEO Energy taps Petrofac for well services in UK

Oilfield services provider Petrofac has been awarded a two-year contract with NEO Energy, which doubled Petrofac’s UK portfolio.

about 6 years ago
Maersk Integrator rig
Business Developments & Projects

Maersk Drilling invests in new tech concept to help develop carbon-neutral drilling

Maersk Drilling has entered an agreement to invest $1 million in Clean Energy Systems to help develop a new technology called Carbon-Negative Energy.

about 6 years ago
InfraVia buys small-scale LNG player Molgas
Business Developments & Projects

InfraVia buys small-scale LNG player Molgas

French private equity firm InfraVia Capital Partners has acquired European small-scale LNG player Molgas Energy. The equity company completed the acquisition via its InfraVia European Fund IV, it said on Tuesday without revealing the financial details of the transaction. However, law firm Ashurst sa

about 6 years ago
Google Grace Hopper cable
Business Developments & Projects

Google intros Grace Hopper linking US, UK and Spain

Google has announced a new subsea cable – Grace Hopper – running between the United States, the United Kingdom and Spain. Grace Hopper joins Google’s other private subsea cables, Curie, Dunant and Equiano to connect far-flung continents along the ocean floor. The Grace Hopper cable will also be one

about 6 years ago
Ørsted sets October date for Borssele 1 and 2 launch
Business Developments & Projects

Ørsted sets October date for Borssele 1 and 2 launch

Ørsted plans to officially commission the 752 MW Borssele 1 and 2 wind farm in the Dutch North Sea on 5 October, barring any negative effects from the COVID-19 pandemic. The wind farm comprises 94 Siemens Gamesa’s wind turbines, over two-thirds of which have now been installed at the site located 22

about 6 years ago
DMEC ESA
Business Developments & Projects

DMEC teams up with European Space Agency

The Dutch Marine Energy Centre (DMEC) has joined forces with the European Space Agency (ESA) to accelerate marine energy solutions. The partnership will explore the added value of space tech and data in the development of marine energy. It can play a key role in the acceleration of marine energy sol

about 6 years ago
Export cable laying soon to begin at Moray East offshore wind project
Business Developments & Projects

Export cable laying soon to begin at Moray East offshore wind project

The boulder picking operations have begun at the export cable route of the Moray East offshore wind project in Scotland. The boulder picking work started on 24 July using Olympic Triton, while the export cable laying and trenching operations are set to begin circa 28 July. NKT Victoria will be layin

about 6 years ago
EuroAsia Interconnector gets green light for converter station in Cyprus
Business Developments & Projects

EuroAsia Interconnector gets green light for converter station in Cyprus

The Republic of Cyprus has recently issued the final building permit for EuroAsia Interconnector between Israel, Cyprus and Greece (Crete). Specifically, the relevant permit provides the green light for the construction of the HVDC converter station in Cyprus. In March this year, EuroAsia Interconne

about 6 years ago
Rystad sees supply glut ahead after second wave of Covid-19 and more OPEC oil hit the market
Business Developments & Projects

Rystad sees supply glut ahead after second wave of Covid-19 and more OPEC oil hit the market

The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.

about 6 years ago
Enagas logs profit hike as LNG business continues to rise
Business Developments & Projects

Enagas logs profit hike as LNG business grows

Spanish LNG terminal operator Enagas reported a 9.4 percent profit rise in the first half as its regasification plants continued to operate as usual during the Covid-19 pandemic. The company said profit after tax in the January-June period increased to 236.3 million euros ($276.9 million). This comp

about 6 years ago
port
Business Developments & Projects

BPA begins major review of UK port connectivity

The British Ports Association (BPA) is today launching a major new review of UK port connectivity.

about 6 years ago
£100 million growth deal to support energy transition of Scottish islands
Business Developments & Projects

£100 million growth deal to support energy transition of Scottish islands

The leaders of the three Scottish island councils recently welcomed the Scottish and UK governments’ award of £100 million in funding as part of the Islands Growth Deal. The money goes to Orkney, Shetland and the Western Isles. The multimillion pound deal will provide investment for local projects a

about 6 years ago