Business & Finance
UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?
A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.
Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig
Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea.
Workers protest against HHLA’s partial sale to MSC
In a show of collective dissent, hundreds of employees of Hamburger Hafen und Logistik AG (HHLA) rallied on Tuesday to protest against the proposed partial sale of the company to the Swiss container shipping giant, MSC (Mediterranean Shipping Company). The demonstrators marched from the HHLA headqua
North Sea well yields no hydrocarbons
Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea.
Ulstein Verft to build new Nexans cable-laying vessel
Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo
Green light for Equinor to deploy Transocean rig for drilling ops
Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea.
Survey on schedule for world’s first bi-directional subsea link
A geophysical inspection survey is set to kick off in October along the length of the operational WesternLink submarine HVDC interconnector in the UK. The 390-kilometer WesternLink includes two HVDC cables that extend from Hunterston in the Firth of Clyde, through the North Channel, to the west and
Elyse Energy, Hy24 and Mirova pen e-fuels financing deal
E-fuels company Elyse Energy, Hy24, managing a clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers, have signed a financing deal to support the development of Elyse Energy’s e-methanol and sustainable aviation fuels (SAF) projects in France and Spain. Specific
Industry partners kick off construction works on the largest European floating solar plant
A consortium made up of French, Belgian and Luxembourgian companies, led by renewable energy developer Q Energy, has started with the construction of a 74.3MWp floating solar plant in the northeastern France – said to be the largest such power plant in Europe.
Spain backs Carnegie with €1.2M for CETO wave energy device deployment
The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.
Norway’s gas output continues its downward plunge while oil goes up a notch
Norway saw a slight rise in oil production in August 2023 compared to the NPD’s predictions and the volume seen last year.
UK marine surveying company changes hands
UK offshore wind solutions provider OEG Renewables (OEGR) is targeting a strengthened position in the survey market with the acquisition of GEOSIGHT, a compatriot marine surveying company working on offshore renewable energy, subsea cables and civil projects. GEOSIGHT, founded in 2016 and headquarte
French company seeking contractors to design offshore hydrogen ecosystem
A French company specializing in renewable energy production has issued a contract notice seeking contractors for the design and supply of an offshore hydrogen production and transport ecosystem. EDF Renewables, a wholly-owned subsidiary of the French utility EDF Group, published the contract notice
Wello files for bankruptcy and ceases wave energy operations
Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.