Both onshore and offshore enabling works have commenced for the development of the 2 GW Spittal to Peterhead subsea cable link project in Scotland, which will support national clean power and energy security ambitions. The 203-kilometer high-voltage direct current (HVDC) link will connect the Bannis
Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well.
