Business Developments & Projects
Marine Energy Wales sets up ‘Road to COP26’ initiative
The representative body for Welsh marine energy industry Marine Energy Wales has launched the ‘Road to COP26’ initiative to showcase the emerging offshore renewable energy industry in Wales and highlight the contribution the sector can make to net-zero.
Novatek, Japan to work together on ammonia, hydrogen and CCUS projects
Russian natural gas producer PAO Novatek and the Japan Bank for International Cooperation (JBIC) have revealed plans to work together on low-carbon projects.
Norwegian offshore wind industry working on new grid solutions
A new project aiming to advance offshore wind grid connection technology and develop new solutions has been launched in Norway. The Ocean Grid project – led by Equinor and gathering 15 other companies and research institutions – will develop new cable designs, subsea technology, and floating convert
Sanmar Shipyards, Corvus Energy plan to develop zero-emission, hybrid tugs
Turkish boat builder Sanmar Shipyards and Norway’s energy storage company Corvus Energy have signed a memorandum of understanding (MoU) to develop a new range of zero-emission and hybrid tugs based on Robert Allan design.
Revitalising the Riviera of Senegal
Saly in Senegal used to be one of the most popular touristic hotspots of this West African country. Unfortunately, the coastal community suffered from rising sea levels and other negative effects of accelerated climate change. To revitalise Saly’s fragile local economy and prevent flood damage, the
Shell to explore CCUS opportunities with KazMunayGas
Shell and KazMunayGas have signed a Memorandum of Cooperation in the area of CO2 Capture Utilization and Storage Technology (CCUS).
Skye-Harris subsea cable replacement all done
Scottish and Southern Electricity Networks (SSEN) Distribution has completed the replacement of the submarine electricity distribution cable between Skye and Harris, following a cable fault in October last year. SSEN Distribution connected and energised the new cable on 31 August before gradually re
MOL to buy shares in FSUs to serve Russia’s LNG projects
Japanese shipper Mitsui O.S.K. Lines (MOL) has signed a deal with Russia’s state-owned leasing company GTLK to buy stakes in two large floating LNG storage units (FSU).
Sovcomflot, Novatek, FESCR to develop ship repair cluster in Far East
On 1 September 2021, PAO Sovcomflot, Smart LNG — a joint venture between PAO Sovcomflot and PAO Novatek — and Far Eastern Shipbuilding and Ship Repair Center (FESRC) entered into a trilateral agreement to cooperate on the development of a ship repair cluster in Russia’s Far East.
SEAI launches free testing programme for Irish marine energy developers
The Sustainable Energy Authority of Ireland (SEAI) has teamed up with the country’s national ocean test centre Lir NOTF to offer free-of-charge access to its research and testing facilities for offshore renewable energy developers.
Third Rhum well goes online for Serica
Serica Energy has started production from the Rhum R3 well in the UK North Sea, some 16 years after it was originally drilled.
Green light to Lundin for North Sea field start-up
Oil and gas company Lundin Energy has received consent from Norwegian authorities for the start-up of the Solveig field in the North Sea.
Norwegian government proposing stricter petroleum tax rules
Norway’s government is proposing to revise the petroleum tax system, introducing stricter tax rules with a more neutral effect on investments.
Neptune kicks off first W2W campaign at North Sea field
Neptune Energy has started the first Walk to Work (W2W) campaign at its operated Cygnus gas field in the UK Southern North Sea.