Business Developments & Projects
Another electricity interconnector secures UK license
After granting three electricity interconnector licenses earlier this month, UK energy market regulator Ofgem has awarded another one, this time for a project that is set to link the UK and the Netherlands. A gas interconnector license was granted to NU-Link Interconnector UK Ltd on 9 February, auth
ZeroNorth acquires software platform for marine fuel suppliers
Technology company ZeroNorth, a digital spin-off of Maersk Tankers, has acquired Singapore-based platform for marine fuel suppliers BTS PTE Ltd. to support bunker suppliers to digitalise operations and reach decarbonisation goals. Under the agreement, ZeroNorth will acquire BTS’ flagship suite of se
BayWa r.e. builds largest floating solar plant in Central Europe
ECOwind, a subsidiary of German renewable energy company BayWa r.e., together with Austrian energy supplier EVN, has constructed a 24.5 MWp floating solar plant in Austria.
Norwegian oil & gas firm all set to spud North Sea wildcat
Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
DOF Subsea orders four new ROVs
Forum Energy Technologies (FET) has entered into an agreement with DOF Subsea for the delivery of four of its work-class remotely operated vehicles (ROVs).
Argeo Searcher ready for work after ‘rigorous’ conversion program
Argeo has completed a conversion and rigging program for Argeo Searcher, making the vessel ready to enter commercial autonomous underwater vehicle (AUV) operations. Following the “rigorous” conversion and shakedown program, Argeo Searcher is fully equipped with two SeaRaptor AUVs and can, with dual
ENGIE steps up its energy transition, targets renewables
French energy group ENGIE is moving to the second stage of its strategic plan, stepping up growth in the energy transition with an emphasis on renewables. The group said its 2021-23 strategic plan has been successfully executed and the time has come to move on to the second stage. ENGIE said its geo
Aker BP gets all-clear to drill North Sea prospect with Saipem rig
Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Shell acquires Europe’s largest biomethane producer Nature Energy
Shell Petroleum NV, a wholly-owned subsidiary of Shell plc, has completed the acquisition of 100% of the shares of a Denmark-based renewable natural gas producer (RNG, also known as biomethane) Nature Energy Biogas A/S. By purchasing the shares, Shell has acquired Nature Energy’s portfolio of operat
Fugro lands US offshore wind site survey deal
The Netherlands-based Fugro has signed a letter of intent to optimise and perform a site characterisation programme for undisclosed offshore wind development on the U.S. East Coast. The programme is focused on accelerating the construction and operations permitting process and represents Fugro’s lat
Cepsa, ACE Terminal team up on green hydrogen supply chain
Spanish multinational energy company Cepsa has signed a Memorandum of Understanding (MoU) with the ACE Terminal in the Port of Rotterdam, the Netherlands to create a green hydrogen supply chain. Namely, Cepsa is developing 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, a
UK player brings online tie-back to North Sea FPSO
Tailwind Energy has started production from a well in the UK Central North Sea, which has been tied back to the Triton FPSO.
Rovco completes decommissioning ops offshore UK
Rovco, a UK provider of subsea robotics and integrated survey, has completed a contract awarded by decommissioning services provider Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea.
GTT ends 2022 with solid results, growth expected in 2023
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it achieved a record level of orders, wi