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Port of Rotterdam through which Porthos pipeline will run; Source: Port of Rotterdam

Business & Finance

Porthos in the making: New construction steps setting the stage for first Dutch large-scale North Sea carbon transport and storage project

With the infrastructure buildout phase underway, the foundation stone has been laid down for the first large-scale Dutch carbon capture and storage (CCS) project.

about 2 years ago

HVDC cable from each converter station two pairs of HVDC cables, one positive and one negative, will connect to a remote station. The cables will run underground from the converter stations to the coa

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Business & Finance

Fears over national security threaten to nip UK – France subsea interconnector in the bud

As the proximity to a naval base stokes defense and national security concerns, will the Ministry of Defence’s objection be the final nail in the coffin for this bi-directional green electric power link?

11 minutes read

Business & Finance

Norway’s DNO building up oil & gas portfolio through new acquisitions and drilling ops

DNO has been stockpiling its oil and gas arsenal by pursuing acquisitions of offshore fields and searching for more hydrocarbons on the Norwegian Continental Shelf (NCS).

about 2 years ago

FPSO Western Isles; Source: Jersey Oil & Gas

Business & Finance

Delay on the cards for first oil from flagship North Sea project, as operator puts the brakes on investment activity while uncertainty permeates UK’s fossil fuels arena

NEO Energy has decided to slow down investment plans across its portfolio. As a result, the start-up timeline for the firm’s oil redevelopment project in the North Sea may be postponed.

about 2 years ago

Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power

Business & Finance

Eco Wave Power and Shell advance wave energy project at Port of Los Angeles

Eco Wave Power has received a green light from the Port of Los Angeles for the engineering plans of the wave energy project the company is developing in partnership with Shell International Exploration and Production, as well as for other documents submitted. The Port of Los Angeles and AltaSea at t

about 2 years ago

Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne

Business & Finance

Step forward taken to build ‘world’s largest’ multimillion-dollar HVDC subsea cable factory in UK

A new head of terms has been inked for an option on a lease at the Port of Tyne near Newcastle on the River Tyne in North East England to move forward with the development of what is envisioned to become the world’s largest HVDC subsea cable factory.

about 2 years ago

Business & Finance

Atlantic SuperConnection: Laying the FID groundwork for subsea interconnector to ply UK with geothermal and hydroelectric electricity while doling out wind power to Iceland

Plans have been set to put the required funding in place to take a final investment decision (FID) on a subsea interconnector project between the UK and Iceland.

about 2 years ago

Business & Finance

Giant oil & gas projects on thin ice as UK pulls out of court battle: Will Shell and Equinor get cold feet or take a stand against legal challenges?

While two huge oil and gas projects in the waters off the coast of the UK have been walking a tightrope for some time, their operators, Britain’s Shell and Norway’s Equinor, did not waiver in their commitment to enriching the energy market with these resources and both hydrocarbon developments overc

about 2 years ago

Business & Finance

With portfolio now five oil & gas fields lighter, Vår Energi’s stake in operated asset gets boost

Vår Energi has wrapped up the divestment of its interests in five oil and gas fields in the Norwegian Sea for a fixed after-tax consideration of $51 million and the transfer of a stake DNO Norge, a subsidiary of DNO, has in one of Vår Energi’s core hub areas.

about 2 years ago

Business & Finance

EMF and Atlas Maritime formalize $372M ammonia carrier trio order at HD KSOE

Denmark’s fund management company focused on maritime investments European Maritime Finance (EMF), in collaboration with international shipping company Atlas Maritime, has confirmed the order of three LPG/ammonia carriers at South Korean shipyard HD Hyundai Heavy Industries (HHI). HD HHI’s parent co

about 2 years ago

Business & Finance

EuropeWave’s payment to support Carnegie’s CETO deployment progress

Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has received a progress payment of €251,100 under the EuropeWave Phase 3 contract. The EuropeWave contract is part of the ACHIEVE Program, facilitating the first deployment of CETO in Europe. This contractu

about 2 years ago

Business & Finance

Shell signs over decom management role at North Sea fields to EnQuest

EnQuest has widened its decommissioning operator role at offshore fields in the UK sector of the North Sea after Britain’s energy giant Shell decided to pass EnQuest its decommissioning management role.

about 2 years ago

Business & Finance

Prosafe flotel firms up North Sea assignment

Prosafe has inked a deal with North Sea-focused Ithaca Energy for one of its flotels, which enables the reactivation of the semi-submersible unit laid up at Scapa Flow in the UK.

about 2 years ago

Business & Finance

Shell leveraging Swiss digital twin technology to optimize global offshore assets

Switzerland-headquartered structural performance management software solutions provider Akselos has signed a strategic enterprise agreement with Shell Information Technology, a subsidiary of the UK-based energy giant Shell, to widen their existing collaboration to encircle the energy major’s worldwi

about 2 years ago