Business & Finance
UK’s Ofgem gives licenses for multi-purpose interconnectors linking to the EU
UK energy market regulator Ofgem has granted electricity interconnector licenses for two energy links that will connect the UK with two EU countries. Ofgem announced that it had on 12 July granted electricity interconnector licenses for the LionLink multi-purpose interconnector that will connect the
Pioneering steps: OCI Global bunkers world’s 1st green methanol-powered containership as the feeder starts its maiden voyage
Dutch producer and distributor of hydrogen-based products OCI Global has completed what has been described as ‘the world’s first green methanol bunkering operation’ at the Port of Ulsan, Korea. The bunkering operation took place on Sunday, July 16, when OCI fueled A.P. Moller Maersk’s first green me
Survey activities next for Scottish subsea cable links
Marine survey activities are scheduled to start this month for two Eastern Green Link projects in Scotland. Scottish Hydro Electric Transmission and National Grid Electricity Transmission are delivering the Eastern Green Link 2 (EGL 2) project, while Scottish & Southern Electricity Transmission (SHE
Longboat and JAPEX create new player on Norwegian oil & gas stage
Longboat Energy and JAPEX have completed all the steps required for the creation of their Norwegian joint venture (JV).
Odfjell Drilling strengthens ties with Equinor and confirms two rig deals
Odfjell Drilling has inked contracts for one of its semi-submersible rigs to carry out drilling activities in the North Sea.
In focus: Is LNG stuck between a rock and a hard place in the energy transition story?
The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen
EU Innovation Fund backs two major ocean energy projects as part of €3.6B clean tech investment
The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.
Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding
Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut
Port of Sines teams up with Brazil’s CSN on green shipping corridor
Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr
Shearwater to perform ‘pioneering’ survey over Norwegian gas field
OMV Norge, a subsidiary of Austria’s oil and gas company OMV, has appointed Shearwater GeoServices to conduct a “pioneering” towed streamer survey with ocean bottom nodes (OBN) over its gas and condensate discovery offshore Norway. Under the contract, Shearwater is set to begin the hybrid survey ove
Nel receives €9 million electrolyser equipment order from Hyd’Occ
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has signed a contract for 20 MW of alkaline electrolyser equipment for about €9 million with Hyd’Occ for its project in Port-La-Nouvelle, France. The 20 MW electrolyser will supply renewable hydrogen to local industry and transportation in
Eco Wave Power bags EU funding for its newest wave energy plant
Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.
One of UK’s largest undeveloped oil fields put on hiatus once again
Reports indicate that the decision on whether to approve or not one of the largest undeveloped oil fields in the UK is unlikely anytime soon.
Norwegian marine geophysics firm about to wrap up its first offshore wind contract
Norwegian marine geophysical company PGS is set to complete its inaugural contract for ultra-high resolution 3D wind farm site characterization by the end of this month. PGS secured its first ultra-high resolution wind farm site characterization project at the beginning of the year, marking its entr