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Business Developments & Projects

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New UK tidal energy capacity – What we know so far
Business Developments & Projects

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 8 months ago
Subsea interconnector between two Canary Islands crosses finish line (Video)
Business Developments & Projects

Subsea interconnector between two Canary Islands crosses finish line (Video)

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Spanish transmission system operator (TSO) Red Eléctrica has completed the interconnection between the islands of Tenerife and La Gomera in Spain, reinforcing the security of supply in the Canary Islands. The interconnection consists of a 66 kV double-circuit line, with a 36-kilometer underwater sec

about 8 months ago
Survey underway at Italy’s first CCS project
Business Developments & Projects

Survey underway at Italy’s first CCS project

An offshore geophysical monitoring survey has commenced at the first carbon capture and storage (CCS) project in Italy, which will use depleted natural gas fields in the Adriatic Sea for the storage of CO2 from industrial districts. Bologna-based offshore survey and geoscience company Lighthouse Geo

about 8 months ago
Illustration; Source: IPTO
Business Developments & Projects

EIB and Greek TSO agree on €1.9B financing for Dodecanese interconnection

The European Investment Bank (EIB) and Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO) have signed a deal for €1.9 billion financing for the development of an interconnector that will eliminate the electrical isolation of the islands of Kos, Rhodes and Karp

about 8 months ago
Ringhorne; Credit: Øyvind Sætre/Vår Energi
Business Developments & Projects

North Sea hydrocarbon drilling ops hit a dead end

Norway’s oil and gas player Vår Energi and its partner, Kistos Energy, have drilled an exploration well in the Norwegian sector of the North Sea, which yielded no commercial hydrocarbons.

about 8 months ago
Transocean Enabler rig at sea
Business Developments & Projects

Transocean rig duo staying longer on drilling gigs in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has picked up multimillion-dollar extensions for two of its harsh environment semi-submersible rigs deployed off the coast of Norway.

about 8 months ago
Port of Immingham becomes home to UK’s first commercial biomethanol bunkering service
Business Developments & Projects

Port of Immingham becomes home to UK’s first commercial biomethanol bunkering service

The UK’s first commercially ready bio-methanol storage and supply service for shipping has been launched at the Port of Immingham, the largest port by cargo volume in the UK, as part of efforts to advance decarbonization in maritime transport. The three-partite partnership of Exolum, Methanex Corpor

about 8 months ago
A North Sea platform
Business Developments & Projects

Europe’s gas goes green: North Sea offshore wind-powered project earns top methane rating

Marking a new era for low-methane gas in Europe, a Dutch-German gas development, which runs on offshore wind energy, has become the first natural gas production project in the North Sea to be independently certified as meeting the highest grade under MiQ’s methane emissions standard.

about 8 months ago
Illustration; Source: Vår Energi
Business Developments & Projects

New partner joins North Sea gas discovery ahead of appraisal ops

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has set the wheels in motion to come aboard a gas discovery in the Norwegian sector of the North Sea by buying a stake held by Norway’s oil and gas player Vår Energi.

about 8 months ago
Prysmian acquires Spanish firm for €169 million
Business Developments & Projects

Prysmian acquires Spanish firm for €169 million

Italian cabling giant Prysmian Group has completed the acquisition of ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350

about 8 months ago
Aquaterra Energy chosen for multi-well intervention and abandonment in Spain
Business Developments & Projects

Aquaterra Energy chosen for multi-well intervention and abandonment in Spain

Aquaterra Energy, a UK-headquartered offshore energy engineering solutions provider, has secured a contract with an undisclosed client for well intervention and abandonment services offshore Spain. Aquaterra Energy said that the contract, worth seven figures and encompassing multiple years, will see

about 8 months ago
Fugro to start geophysical surveys at 2 GW Scottish offshore wind farm site
Business Developments & Projects

Fugro to start geophysical surveys at 2 GW Scottish offshore wind farm site

Fugro is scheduled to start geophysical surveys later this month at a site in the Outer Moray Firth, Scotland, where Ocean Winds plans to build its 2 GW Caledonia offshore wind farm. The work, to be carried out within the wind turbine array site, will be conducted by the vessels Fugro Pioneer and Ko

about 8 months ago
AH Skandi Skansen; Source: DOF Group
Business Developments & Projects

More work in North Sea and Australia for DOF vessel duo

Norwegian vessel owner DOF Group has secured a new deal in the North Sea for an anchor handling (AH) vessel and prolonged an existing assignment for a platform supply vessel (PSV) off the coast of Australia.

about 8 months ago
Four tidal energy projects secure contracts in UK’s record CfD auction
Business Developments & Projects

Four tidal energy projects secure contracts in UK’s record CfD auction

The UK government has awarded a record 14.7 GW of renewable energy capacity in the Contracts for Difference (CfD) Allocation Round 7 (AR7), its largest CfD round ever in capacity, with tidal stream securing 20.9 MW across four projects. On January 14, the UK government announced the award of 8.4 GW

about 8 months ago