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Business & Finance

European Commission approves €350M German renewable hydrogen scheme

The European Commission has approved a €350 million German scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool.

about 2 years ago

Borr Drilling’s Prospector 1 rig; Source: Neptune Energy

Business & Finance

Borr Drilling pulls off a hat trick as three rigs win multi-million gigs

Offshore drilling contractor Borr Drilling has landed new assignments for three premium jack-up rigs with undisclosed oil and gas players.

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about 2 years ago

Eco Wave Power on the lookout for top locations for commercial onshore wave energy

Business & Finance

Eco Wave Power on the lookout for top wave energy locations along US coastline

Swedish-Israeli wave energy developer Eco Wave Power is set to carry out a feasibility study to identify the top locations for commercial onshore wave energy stations across the U.S. coastline. Eco Wave Power announced it was selected by a “major energy company” to conduct a comprehensive feasibilit

about 2 years ago

CETO Wave Energy Ireland (CWEI), a subsidiary of Carnegie Clean Energy, has inked an assignment agreement that ensures its access to a berth reservation agreement within the Biscay Marine Energy Platf

Business & Finance

Carnegie reserves site for CETO wave energy device deployment in Spain

CETO Wave Energy Ireland (CWEI), a subsidiary of Carnegie Clean Energy, has inked an assignment agreement that ensures its access to a berth reservation agreement within the Biscay Marine Energy Platform (BiMEP).

about 2 years ago

DeepOcean marks 25th birthday with CO2 emissions reduction triumph

Business & Finance

CO2 emission reduction triumph keeps DeepOcean on track towards 2030 target

Norway-based ocean services provider DeepOcean has marked its 25th anniversary by reaching a CO2 emission reduction milestone which is said to keep the company on track toward its 2030 emission reduction target. DeepOcean announced that it had reduced its own CO2 emissions intensity by 18% since 202

about 2 years ago

Business & Finance

North Sea operator sanctions oil & gas field development and hands out work to Aker Solutions, Subsea7, and OneSubsea

OKEA has made a final investment decision (FID) for the development of an oil and gas field in the North Sea off the coast of Norway.

about 2 years ago

Business & Finance

Dutch wave energy company gets subsidy for large-scale technology testing

Dutch Wave Power, a company developing technology to convert energy from waves at sea into electrical energy or hydrogen, has received a subsidy of over €99,000 for large-scale testing and demonstration of its technology in the North Sea offshore Scheveningen. The subsidy from the Wadden fund (Wadde

about 2 years ago

Business & Finance

Blame for UK offshore oil & gas license abandonment pinned on wind farm construction ops

The blame for an unfulfilled license requirement and subsequent relinquishment is said to rest squarely on wind farm construction activities.

about 2 years ago

Business & Finance

With offshore repairs done, Balticconnector about to restart after six-month shut-down

Preparatory work has begun for the commissioning of the Balticconnector gas pipeline between Finland and Estonia which was shut down in October 2023 due to a rupture, following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid clos

about 2 years ago

Business & Finance

Eltronic FuelTech partners with CSTC Shanghai to promote greener fuel solutions in China

Eltronic FuelTech and CSTC Shanghai will work on the adoption of Eltronic FuelTech’s greener fuel technologies in China’s maritime sector.

about 2 years ago

Scana subsidiary wins mooring contract for Brazilian FPSO

Business & Finance

Scana company secures contract to deliver FPSO mooring equipment

Scana-owned Seasystems has won a contract worth between NOK 20 and 50 million (between $4.5 and $13.9 million) for the delivery of a turret structural connector system for floating production storage and offloading (FPSO) in the Gulf of Mexico.

about 2 years ago

Business & Finance

With Dutch player bent on getting lion’s share, Snam ups its stake in Italy’s LNG terminal

Snam, Italy’s energy infrastructure operator, has taken the required step to boost its interest in a liquefied natural gas (LNG) terminal.

about 2 years ago

Business & Finance

Mystery client hires PGS’ Ramform Tethys

Norwegian seismic company PGS has secured a 4D contract in Northern Europe with what it describes as an “independent energy company”.

about 2 years ago

Business & Finance

GT Green Technologies secures $1.6M to commercialize its wind propulsion solution

The UK-based wind propulsion specialist GT Green Technologies has closed a £1.25 million (about $1.58 million) seed equity round to support the commercialization of its AIrWing wind propulsion system.

about 2 years ago