Business & Finance
UK set to join EU’s flagship Horizon Europe program – an ‘excellent’ news for ocean energy sector
The announcement that the UK is to join the EU’s flagship Horizon Europe program has been deemed as excellent news for Europe’s ocean energy sector as it could help enable the deployment of more ocean energy projects in the water, keeping Europe’s competitive edge in this emerging industry.
Developer of UK-France interconnector agrees collaboration with Portsmouth City Council
AQUIND Ltd, the company behind the planned namesake 2 GW electricity interconnector between the UK and France, has established a collaboration with the Portsmouth City Council for the delivery of the project. AQUIND and Portsmouth City Council entered into a works co-operation agreement on 5 Septemb
North Sea gas project ‘rapidly taking shape’ with start of pipeline survey
A pipeline route survey has begun on the Anning and Somerville field developments located in the Southern North Sea. Furthermore, Hartshead Resources NL (HHR) and Rockrose Energy, joint venture partners standing behind the project, have received bids for the platforms. Hartshead Resources NL reporte
Maersk’s methanol-powered feeder to transport Amazon’s goods
Danish containership major Maersk and American e-commerce giant Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 m
Italy’s €90 million undersea cable starts operating
Italian transmission system operator (TSO) Terna has put into operation the €90 million undersea cable that connects the island of Elba with Italy’s mainland – a project said to be of fundamental importance for the country’s entire electricity system. The power line connects Portoferraio and Piombin
With UK’s oil & gas industry on decarbonisation quest, more investment needed to tackle challenges ahead
Offshore Energies UK (OEUK) has welcomed the progress the UK oil and gas industry made in curbing emissions.
INEOS inks technology deal with SLB to back its growth ambitions
Oilfield services company SLB and INEOS Energy have established a technology partnership to collaborate on subsurface technologies implementing digital artificial intelligence solutions. INEOS Energy will partner with SLB’s Performance Centre in Aberdeen to collaborate and innovate subsurface techno
More time for Eidesvik vessel with Wintershall Dea
Eidesvik Offshore has secured a contract extension for one of its platform supply vessels with Wintershall Dea for operations off Norway.
New CEO takes the reins at Vår Energi
Vår Energi has welcomed a new CEO to spearhead its strategy execution, market engagement, and stakeholder management.
BP signs third LNG offtake contract with Woodfibre
UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco
Oceaneering to add DriX USV to its fleet
Oceaneering International is planning to acquire Exail’s DriX uncrewed surface vessel (USV) as part of its introduction of a new USV service to support remote survey work scopes. Oceaneering announced on 5 September that its Subsea Robotics group was introducing a new USV service that will utilize d
Mocean Energy hails €3.7M EuropeWave funding boost as significant step towards wave energy scale-up
Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.
Polish firm pursuing operator role for only CO2 exploration license in Barents Sea
Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
With UK’s 2030 CCUS targets being ‘very challenging,’ three measures can save the day
Wood Mackenzie believes the UK will struggle to meet its CCUS targets unless government and private investment come to the aid.