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Business & Finance

Technical due diligence wraps up for what will be world’s longest HVDC subsea cable

Energy and marine consultancy ABL has completed technical due diligence for what is expected to become the world’s longest HVDC subsea cable once it connects the UK and Morocco. The Xlinks Morocco-UK power plant includes the development of a commercial-scale renewable energy project in Morocco, harn

about 2 years ago

Business & Finance

DFDS to splurge €1B on battery electric ships for the Channel

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DFDS has unveiled a €1 billion investment in battery electric vessels to decarbonize maritime traffic in the English Channel.

about 2 years ago

Business & Finance

Japanese start building UK’s first HVDC cable factory

Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production facilities to the grid. Sumitomo Electric held t

about 2 years ago

Depsea Yantai rig; Source: Neptune Energy

Business & Finance

Polish oil & gas firm gearing up for drilling ops offshore Norway

PGNiG Upstream Norway has received consent to deploy one of the Odfjell Drilling-managed rigs for exploration activities in the Norwegian Sea.

about 2 years ago

Finder Energy's existing licenses in the UK North Sea; Source: Finder Energy

Business & Finance

Australian firm gets its hands on two licenses in UK’s 33rd oil & gas round

The NSTA has offered Australia’s Finder Energy two licenses in the final tranche of Britain’s 33rd offshore licensing round.

about 2 years ago

Illustration of an offshore wind platform collaborative with wave energy technology

Business & Finance

€2.5M investment program open for testing marine renewable energy technologies

Energiaren Euskal Erakundea / Ente Vasco de la Energía (EVE) has promoted an investment support program for the demonstration and validation of emerging marine renewable energy technologies that is open for applications until June 19, 2024.

about 2 years ago

Business & Finance

BP restarts oil production at offshore platform in Azerbaijan ahead of schedule

BP has wrapped up planned maintenance works at one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan earlier than expected.

about 2 years ago

Surveys starting at UK-Netherlands multi-purpose interconnector

Business & Finance

Surveys starting at ‘first-of-its-kind’ UK-Netherlands multi-purpose interconnector

Italy-headquartered Next Geosolutions is about to kick off a cable route survey in the UK for the LionLink multi-purpose interconnector that will connect the UK with the Netherlands. LionLink, being developed by the Dutch TenneT and the UK’s National Grid, will connect a Dutch offshore wind farm wit

about 2 years ago

Business & Finance

UK player scores more work on Harbour Energy’s North Sea platforms

European Power Systems (EPS) has signed a master service agreement (MSA) with Harbour Energy for work on three platforms in the North Sea.

about 2 years ago

Assembly of the SolarDuck's floating solar Merganser

Business & Finance

SolarDuck’s floating solar plant Merganser nearing completion

SolarDuck’s offshore floating solar plant, Merganser, has come close to completion and is nearing the next phase of this project – the installation in the North Sea.

about 2 years ago

Business & Finance

ABL company to evaluate Norwegian CO2 storage license

AGR, part of energy and marine consultancy group ABL Group, has been appointed to perform an independent third-party storage evaluation of Wintershall Dea and Altera Infrastructure’s CO2 storage license offshore Norway. The two companies were awarded the carbon capture and storage (CCS) license to d

about 2 years ago

Business & Finance

North Sea oil project inching closer to FID as FEED work moves forward on schedule

Progress is being made in putting all the requirements in place to sanction NEO Energy’s redevelopment project on the UK Continental Shelf (UKCS).

about 2 years ago

Business & Finance

Yara pens ammonia supply deal with Indian energy firm

Yara Clean Ammonia, a subsidiary of Yara International, and Greenko ZeroC, AM Green’s company, have signed a term sheet for the supply of renewable ammonia from AM Green’s ammonia production facility in Kakinada, India.

about 2 years ago

Business & Finance

Subsea7 and OneSubsea get more work for ‘one of Türkiye’s largest energy projects’

Subsea Integration Alliance, a strategic alliance between OneSubsea and Subsea7, has secured a contract deemed as “large” with the Turkish Petroleum Offshore Technology Center (TP-OTC) for a natural gas project in the Black Sea in Türkiye. An initial contract was awarded in May 2023 to a consortium

about 2 years ago