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NKT has completed the turnkey project of connecting the Shetland Islands to the main grid in Scotland with the Shetland HVDC Link. The 320 kV HVDC interconnector is now a key contributor to the integr

Business & Finance

Energization of Europe’s first and world’s second multi-terminal HVDC subsea link goes full steam ahead

NKT has wrapped its assignment on a 260-kilometer high-voltage direct current (HVDC) subsea link, which is envisioned to lend a helping hand in ensuring Shetland’s supply of clean, low-carbon power, enabling 600 MW of renewable generation as remote North Sea islands connect to Britain’s main grid in

about 2 years ago

The 2-kilometer-long cooling bundle for Fenris was slowly towed to sea; Source: Aker BP

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Business & Finance

Installation of 2-kilometer-long cooling bundle for North Sea field underway in Norwegian waters

Aker BP has confirmed the start of installation activities for a 2-kilometer-long cooling bundle at its field in the North Sea, as part of its development project which will ensure a lifetime extension for the Valhall field on the Norwegian Continental Shelf (NCS) past 2028.

about 2 years ago

A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water

Business & Finance

EU backs Ocean Oasis with nearly €6M to advance wave energy-powered desalination tech

A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water off the coast of Gran Canaria, Spain. The European Executive Agency on Climate, Infrastructure, and

about 2 years ago

Business & Finance

TotalEnergies’ floating offshore wind project to power UK oil & gas platform

France’s TotalEnergies plans to launch a floating offshore wind pilot project to supply renewable energy to the Culzean offshore platform in the UK North Sea. The 3 MW floating wind turbine will be located two kilometers west of the Culzean platform, 220 kilometers off the eastern coast of Scotland.

about 2 years ago

Business & Finance

Subsea cable deal in Iceland enables Chinese firm to widen its grasp over Europe’s energy market

Hengtong Submarine Power Cable has secured a new submarine power cable project in Iceland.

about 2 years ago

Jun Zhu, Senior Concept Designer at Altera Infrastructure, presents next-generation FPSO; Credit: Nadja Skopljak/Offshore Energy

Business & Finance

MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

Japan’s MODEC and the UK-based Altera Infrastructure have set their caps on addressing the pressing challenges of the energy transition era by accelerating the shift toward a more sustainable future while supporting the security of power supply.

about 2 years ago

Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activ

Business & Finance

Petrobras and TGS join forces to drive innovation and sustainability in Brazil’s energy sector

Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activities in Brazil. According to TGS, this MoU establishes a strategic partnership between the compani

about 2 years ago

Hybrid power ocean energy construction vessel (OECV); Source: VARD

Business & Finance

Second shipbuilding deal for hybrid ocean energy construction vessel expands VARD’s orderbook

Island Offshore has taken steps to enlarge its fleet by placing a new order with VARD, covering the design and construction of another hybrid power ocean energy construction vessel (OECV) three months after ordering the first one.

about 2 years ago

NKT Victoria cable laying vessel waiting in waters off Weisdale Voe; Source: SSEN Transmission

Business & Finance

North Sea subsea interconnector among ‘major’ clean energy duo bringing over $165 million to UK archipelago

SSEN Transmission has revealed an investment of £125 million (close to $165.2 million), which the construction of two big green energy projects poured into the local islands’ economy and businesses located in Shetland.

about 2 years ago

WindEurope's Giles Dickson: Money, mindset and mobility main showstoppers for jobs in wind energy

Business & Finance

WindEurope’s Giles Dickson: Three Ms main showstoppers for jobs in wind energy

The wind energy industry employs 370,000 people in Europe, however, if countries act on their goals, 600,000 jobs will be needed by 2030 and finding and skilling is one of the biggest challenges that the continent is facing, according to Giles Dickson, CEO of WindEurope. At a session held at the ONS

about 2 years ago

Texas-headquartered energy giant ConocoPhillips has handed out a global contract to Aberdeen-based technology company, Raptor Data, to manufacture and use/utilize/employ a fleet of tools, which will i

Business & Finance

ConocoPhillips hands out plug and abandonment work to Aberdeen-based firm

Texas-headquartered energy giant ConocoPhillips has handed out a global contract to Aberdeen-based technology company, Raptor Data, to manufacture and utilize a fleet of tools, which will initially be deployed in Norway. Pathfinder, described as the first plug-and-play in-well verification system, i

about 2 years ago

FPSO Johan Castberg en route to the Barents Sea passing by the Langenuen strait South of Bergen, Norway; Credit: Øyvind Gravås & Eirin Lillebø/Equinor

Business & Finance

As oil & gas still runs Norway’s energy show, Equinor unveils up to $66 billion boost for hydrocarbons by 2035 alongside Barents Sea’s new area-wide emergency preparedness plan

Equinor has set its cap on bolstering its hydrocarbon arsenal by injecting tens of billions of dollars over the next decade into the oil and gas developments on the Norwegian Continental Shelf (NCS).

about 2 years ago

SW Amazon Conqueror; Source: Shearwater Geoservices

Business & Finance

Shearwater’s new decarbonization move enables ‘first of its kind’ tune-up of vessel’s engine technology

Shearwater GeoServices has signed up for further carbon footprint cuts thanks to an upgrade of main engines at one of its seismographic research ships, which is envisioned to result in more sustainable and efficient operations.

about 2 years ago

Illustration; Source: The Danish Energy Agency

Business & Finance

Green light for Wintershall Dea to pass on its oil & gas and CO2 assets in Denmark to Harbor Energy

The Danish Energy Agency (DEA), responsible for tasks linked to energy production, supply, and consumption, alongside Denmark’s efforts to cut its carbon footprint, has given its blessing for four permits to change hands, leaving the portfolio of Germany’s Wintershall Dea to become part of hydrocarb

about 2 years ago