Business & Finance
Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns
Hecla Emissions Management, a company founded by Wilhelmsen Ship Management (WSM) and Affinity Shipping, has revealed its data that the maritime sector could be liable for €8.4 billion in 2026, taking into account the total ETS-applicable emissions.
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will
France boosts tidal energy sector with €65M for FloWatt project
The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.
First gas flows from TotalEnergies and SOCAR’s Caspian Sea field
TotalEnergies and its partner, SOCAR, have brought on stream a gas and condensate field in the Caspian Sea offshore Azerbaijan.
In focus: How international are decarbonization efforts?
In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very
New legal storm looms over the UK: Will it scrap its £11.6 billion climate pledge?
The plot thickens further with a leaked document about the UK’s alleged plans to scrap its £11.6 bln (close to $14.9 billion) climate pledge.
Port of Esbjerg lines up EUR 780 Million investment in offshore wind turbine production facilities
The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around
Scots launch new competition to cut costs of wave energy technology
Wave Energy Scotland (WES) has launched a Direct Generation Concept Design Competition, inviting wave energy specialists, concept designers and solution architects to apply.
Ithaca, Aker Solutions, Expro, Proserv, and EY back 10-point plan to improve North Sea workers’ mental health
Five energy industry players have given their backing to a charter aimed at improving the mental health of thousands of North Sea workers.
All-clear for Aker BP to deploy well intervention vessel for North Sea ops
Aker BP has received consent from Norway’s regulator to use one of Island Offshore’s vessels for work in the Norwegian North Sea.
Geophysical survey about to begin for ‘world’s longest HVDC subsea cable’
A geophysical survey is set to begin this month in the UK for an interconnector that will connect to Morocco, described as the world’s longest HVDC subsea cable. The UK geophysical survey will follow the proposed cable corridor for the Xlinks Morocco-UK Power Project, routing along the North Cornwal
Greek TSO enters EuroAsia Interconnector with 25% stake
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has become a strategic investor in the EuroAsia Interconnector that will link Greece, Cyprus and Israel with the acquisition of a 25 per cent stake. IPTO’s entry into the share capital of EuroAsia Interconnector
Mitsui to invest in e-methanol business in Northern Europe
Japan’s Mitsui & Co has agreed to acquire a 49% equity interest in Kasso MidCo ApS, an affiliate of European Energy, a renewable energy company headquartered in Denmark. Specifically, Mitsui will acquire a minority stake in European Energy’s solar park and e-methanol production facility Kasso in the
Denmark kicks off mini oil & gas licensing round in North Sea
Denmark has opened a mini oil and gas licensing round for exploration and extraction in a defined area in the Danish sector of the North Sea.