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Business & Finance

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EemsEnergyTerminal in Eemshaven; Courtesy of Gasunie
Business & Finance

Gasunie launches tender for 10-year offshore wind PPA in Netherlands

Dutch gas infrastructure company Gasunie has launched a public tender seeking a long-term power purchase agreement (PPA) from a new-build offshore wind farm as part of its target to source 40% of its energy from carbon-free sources by 2030. Through the tender, Gasunie is seeking to procure 40 MW of

about 3 months ago
Man looking at an offshore platform
Business & Finance

Expro eyeing market growth after broadening drilling tech offering with acquisition of Norwegian firm

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U.S.-headquartered energy services provider Expro has brought Enhanced Well Technologies Group (Enhanced Drilling) into its fold, extending its drilling technology capabilities.

about 3 months ago
North Sea pilot project produces first green hydrogen on operational platform
Business & Finance

North Sea pilot project produces first green hydrogen on operational platform

PosHYdon, the first project in the world to combine offshore wind power, hydrogen production, and natural gas production at sea, has started the production of green hydrogen on an operational offshore platform in the North Sea. The Q13a-A platform, operated by Eni Energy Netherlands, is located appr

about 3 months ago
FSRU Solidarity; Source: Gaz-System
Business & Finance

FSRU name revealed as Europe’s new LNG terminal edges closer to completion

Poland’s gas transmission system operator (TSO), Gaz-System, has revealed the name of a new floating storage and regasification unit (FSRU), destined to be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 3 months ago
Saipem 7000 working on offshore installation campaign at Neptun Deep; Source: Saipem
Business & Finance

Saipem highlights ‘key’ offshore installation milestone at Europe’s mega gas development

Italy’s engineering, drilling, and construction services giant Saipem has confirmed the wrap-up of an offshore installation campaign, which has put a new production platform in place at a multibillion-euro natural gas project in the Romanian waters of the Black Sea.

about 3 months ago
Half of cabling in place for first UK-Germany energy link
Business & Finance

Half of cabling in place for first UK-Germany energy link

With over 350 kilometers of offshore and onshore cable laid, the NeuConnect high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany has reached the halfway point in its cabling program. The milestone comes as NeuConnect marks the third anniv

about 3 months ago
Abeona CCS
Business & Finance

Worley takes pre-FEED role on Roman goddess-named Dutch North Sea CCS project

Australia’s engineering firm Worley has been tasked with carrying out the pre-front-end engineering design (pre-FEED) work for a carbon capture and storage (CCS) project bearing the name of a Roman goddess in the Dutch sector of the North Sea, as the Netherlands’ depleted offshore fields are being t

about 3 months ago
DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet
Business & Finance

DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet

Norway’s DOF Group is selling four platform supply vessels (PSVs) and buying two construction support vessels (CSVs) as part of further fleet optimization and high-grading strategy. The PSVs Skandi Mongstad (2008-built), Skandi Flora (2009), Skandi Feistein (2011) and Skandi Kvitsøy (2012) are expec

about 3 months ago
Transocean Enabler rig at sea
Business & Finance

Fresh black gold discovery emerges as tie-back candidate for Norway’s flagship Barents Sea oil hub

Norway’s state-owned energy giant Equinor has made a new oil find on the Norwegian Continental Shelf (NCS), putting on the table a potential tie-back to the country’s largest oil development ever brought on stream in the Barents Sea.

about 3 months ago
Dutch ocean current prototype wraps up open-water testing
Business & Finance

Dutch ocean current prototype wraps up open-water testing

Dutch Equinox Ocean Turbines (EQOT) has completed open-water testing of its ocean current prototype, collecting data used to de-risk and advance the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype began in Friesland, the Netherlands, earlier this month,

about 3 months ago
Labin rig; Source: INA
Business & Finance

First of five wells in €65 million North Adriatic drilling campaign yields more gas

Zagreb-headquartered INA Group, a member of the MOL Group, has found gas at the first well in its multi-well drilling campaign on its North Adriatic gas field off the coast of Croatia.

about 3 months ago
Ramform Tethys
Business & Finance

TGS gets the ball rolling across three continents

Some ten days after the announcement of a strategic collaboration agreement with Allton for accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology, Norwegian energy data and intelligence company TGS has reported updates from three countries, namely Norway, Ghana and C

about 3 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Medite

about 3 months ago
Sea1’s first offshore energy support vessel launches at Chinese yard
Business & Finance

Sea1’s first offshore energy support vessel launches at Chinese yard

The first of four 120-meter-long offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore has been launched at the yard. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revealing at the time that

about 3 months ago