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Business & Finance

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€2.45 million wave energy project targets Atlantic coastal deployment
Business & Finance

€2.45 million wave energy project targets Atlantic coastal deployment

Wave energy developer Eco Wave Power has joined a newly approved €2.45 million project under the Interreg Atlantic Area Program, focused on advancing scalable wave energy deployment across Europe’s Atlantic coastline. According to Eco Wave Power, the project, named Atlantic Wave Energy Sustainable

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Business & Finance

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

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French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
European Investment Bank approves €168M for second Malta-Italy interconnector
Business & Finance

European Investment Bank approves €168M for second Malta-Italy interconnector

The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to decommission permanently inactive wells now to stave off a future sce

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security.

about 1 year ago
Fugro's new partnership aims to keep Northern European subsea infrastructure safe
Business & Finance

Fugro’s new partnership aims to keep Northern European subsea infrastructure safe

Fugro has partnered up with high-tech software company DTACT and AI-powered satellite intelligence company Ubotica to develop a data fusion and intelligence platform that will provide government organizations with the information needed to strengthen national security and safeguard critical underwat

about 1 year ago
Utility module for Valhall; Source: Aker BP
Business & Finance

WATCH: Aker BP slotting puzzle pieces in place to ensure North Sea oil project’s 40-year lifespan

Aker BP is piecing together the remaining sections of the utility model puzzle designed for a production and wellhead platform (PWP) that will help ensure hydrocarbon production at its field in the southern part of the Norwegian sector in the North Sea for 40 more years.

about 1 year ago
Carnegie aims for stronger European investor ties via DGWA
Business & Finance

Carnegie aims for stronger European investor ties via DGWA

Australian wave energy developer Carnegie Clean Energy has appointed German investment firm DGWA as its advisor for European financial markets and investor relations. The move aims to leverage Carnegie’s existing dual listing on the Frankfurt, Tradegate, and Stuttgart Stock Exchanges, increasing exp

about 1 year ago
COSL Prospector rig; Source: COSL
Business & Finance

New gas discovery puts another subsea tie-back on Norwegian field’s menu

Norwegian state-owned energy giant Equinor has made a fresh gas discovery, which is a tie-back candidate to a giant field in the Barents Sea off the coast of Norway.

about 1 year ago
Damen
Business & Finance

Germany funds Reederei Bernd Sibum’s green newbuilds

Germany’s Reederei Bernd Sibum has received funding from the German government to make its ships, which are being built by Dutch shipbuilder Damen, even more sustainable.

about 1 year ago
TGS' technology chosen to advance digitalization of Northern Light's operations
Business & Finance

TGS’ technology chosen to advance digitalization of Northern Light’s operations

Norwegian state-owned energy company Equinor has entered into an agreement with compatriot energy data and intelligence company TGS to advance the digitalization of carbon capture and storage (CCS) operations under which TGS’ technology will be integrated into the Northern Lights CO2 transport and s

about 1 year ago
Chim Sáo field in Vietnam; Source: Harbour Energy
Business & Finance

EnQuest widens its Southeast Asian horizons with more oil & gas assets

EnQuest, a London Stock Exchange-listed energy firm, has expanded its oil and gas footprint with the acquisition of Harbour Energy’s Vietnam business, which consists of three producing oil and gas fields.

about 1 year ago
Scott Duguid, MD of eGroup; Courtesy of eGroup
Business & Finance

UK player ups headcount ante with contract wins encapsulating ‘high-profile’ oil & gas assets

Aberdeenshire-based surface preparation specialist, eBlast, part of the eGroup, has tucked multiple new energy sector assignments under its belt, including work on oil and gas operators’ projects in the UK and abroad.

about 1 year ago
Minesto receives funding for next-generation mooring system
Business & Finance

Minesto slashes costs, closes Wales office in major reorganization

Swedish tidal energy developer Minesto has finalized a reorganization process aimed at aligning the business for commercial rollout and reducing fixed costs. The changes include geographic consolidation, a trimmed management structure, and tighter product development integration. The company reports

about 1 year ago