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Business & Finance

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Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Türkiye puts wind in Black Sea oil & gas exploration sails while chasing energy independence

Türkiye is planning to embark on further drilling activities in the Black Sea during 2024 in the hopes of finding more hydrocarbons.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies’ huge North Sea gas project back online following massive redevelopment

TotalEnergies has restarted gas production from its giant redevelopment project in the Danish sector of the North Sea.

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about 2 years ago
Photo of WaveScan Metocean Buoy at BiMEP (Courtesy of BiMEP)
Business & Finance

SafeWAVE project extended until June 2024

EU-backed SafeWAVE project, short for Streamlining the Assessment of Environmental Effects of Wave Energy, has been prolonged until June 2024.The decision to extend the project was revealed on March 20, stating it will enable SafeWave to make more progress in utilizing the abundant marine renewable

about 2 years ago
The Welsh government has revealed winners of the Tidal Lagoon Challenge, a program committed to making Wales a world center for emerging tidal energy technologies.
Business & Finance

Welsh government names winners of $945K tidal lagoon challenge

The Welsh government has revealed winners of the Tidal Lagoon Challenge, a program committed to making Wales a world center for emerging tidal energy technologies. The £750,000 (approximately $945,000) program was launched in June 2023, seeking to select at least three research projects that will he

about 2 years ago
In effort to have 'world’s most advanced AUV fleet', Argeo inks deal for another unit
Business & Finance

In effort to have ‘world’s most advanced AUV fleet’, Argeo inks deal for another unit

In an effort to build an advanced autonomous underwater vehicle (AUV) fleet, ocean surveying and inspection company Argeo Subsea has signed a Certificate of Delivery and Acceptance with CSI Nordics for the second Kongsberg Discovery HUGIN Superior AUV. Under a three-party Certificate of Delivery and

about 2 years ago
PSV Energy Swan; Source: Golden Energy
Business & Finance

Repsol prolongs vessel’s gig offshore Norway

Golden Energy Offshore Services has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol Norge.

about 2 years ago
PSV Havila Fanø; Source: Havila Shipping
Business & Finance

Havila secures more work for two vessels

Norwegian offshore vessel operator Havila Shipping has landed a contract extension for one PSV and signed a new contract for another.

about 2 years ago
UK CCS cluster step closer to execution phase with approval for CO2 pipeline
Business & Finance

UK CCS cluster step closer to execution phase with approval for CO2 pipeline

The UK Government has granted a development consent order (DCO) for a newbuild CO2 pipeline that will transport CO2 from capture plants across the North West of England and North Wales to permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The Secre

about 2 years ago
InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Business & Finance

Ocean Harvesting raising €500K for InfinityWEC design update ahead of sea trials

Ocean Harvesting is raising €500,000 for a design improvement of the InfinityWEC wave energy converter and preparation for sea trials. New investors are invited to join a €500,000 financing round for the 2024 activities, split into €120,000 for April–June and €380,000 for the rest of the year. Sinc

about 2 years ago
Norwegians to build 'first of its kind' energy subsea construction vessel
Business & Finance

Norwegians to build ‘first of its kind’ energy subsea construction vessel

Norwegian shipping company Rem Offshore has placed an order with compatriot Myklebust Verft for the construction of an energy subsea construction vessel (ESCV) said to be the first of its kind to perform heavy construction work in both offshore wind and subsea with net zero emissions. According to R

about 2 years ago
Irish company gets patent in India for its hydrokinetic turbine
Business & Finance

Irish company gets patent in India for its hydrokinetic turbine

Ireland-headquartered GKinetic Energy has secured a patent in India for its hydrokinetic turbine, representing the tenth patent awarded to the company. GKinetic announced it had a patent granted in India covering its accelerator and water turbine assembly design. Indian Patent No. 508411 is said to

about 2 years ago
Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation
Business & Finance

Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation

SEFE and Oman LNG have finalized a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG.

about 2 years ago
Norwegian state-owned energy giant Equinor has contracted a compatriot provider of subsea solutions for the oil & gas industry, Optime Subsea, to deliver two remotely operated systems (ROCS) at the op
Business & Finance

Equinor contracts Optime Subsea for ROCS deployment at Irpa field

Norwegian state-owned energy giant Equinor has contracted a compatriot provider of subsea solutions for the oil & gas industry, Optime Subsea, to deliver two remotely operated systems (ROCS) at the operator’s Irpa field. Equinor’s latest award follows just three months after the company procured ROC

about 2 years ago
GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain
Business & Finance

GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain

Chart Industries and GasLog have teamed up to study the development of a commercial-scale liquid hydrogen (LH2) supply chain.

about 2 years ago