Business & Finance
Norway goes on oil & gas spree and gives its blessing to projects worth over $18.5 billion
Norway has greenlighted 19 oil and gas projects on the Norwegian continental shelf (NCS) with investments totalling more than NOK 200 billion (over $18.5 billion).
Saipem rigs find more work in Middle East and Mediterranean Sea
Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.
Deal for two North Sea platforms pits four ‘major’ fabricators against each other
Hartshead Resources has issued an invitation to tender (ITT) for two platforms destined for Phase I of a gas project in the UK North Sea.
Welsh marine energy sector breaks record with €120M investment over last year
The Marine Energy Wales annual State of the Sector Report has highlighted the progress and achievements of Wales in the marine renewable energy sector, unveiling €120.4 million investment in the sector over last year – nearly quadrupling the previous year’s figures.
Aker BP cleared to dispatch Saipem rig for drilling ops in North Sea
Aker BP has received consent from Norway’s regulator to use one of Saipem’s rigs for operations on a field in the North Sea off Norway.
Thumbs-up for Aker BP to dispatch Noble rig for North Sea ops
Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs for operations on a field in the North Sea off Norway.
Irish hydrokinetic turbine developer finds Japanese partner for global market roll out
GKinetic Energy and Torishima Service Solutions Europe have signed a letter of intent (LOI) to jointly develop a partnership structure and commercial model for global roll out of hydrokinetic technology.
INEOS charters two LNG carrier newbuilds from MOL
London-based energy player INEOS Energy Trading has signed agreements with Japanese shipping major Mitsui O.S.K. Lines (MOL) for two newbuild LNG carriers, to be used for the import of LNG into Germany from the United States. These agreements follow INEOS Energy Trading’s long-term Sales and Purchas
10MW offshore hydrogen project nets €20 million European Commission grant
The HOPE (Hydrogen Offshore Production for Europe) project, which aims to develop, build and operate the first 10 MW offshore hydrogen production unit in the North Sea, off the coast of Belgium by 2026, has received a €20 million (around $21.8 million) grant from the European Commission (EC). The HO
North Sea project worth $10.78 billion gets contractor for power from shore scope
Aker BP has picked Linjepartner for the delivery of overhead lines for the power from shore project at its development in the North Sea.
Stena Line partners with Wärtsilä to convert vessels to methanol
Swedish ferry operator Stena Line has hired technology group Wärtsilä to convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The contrac
Carbon storage license award seen as ‘significant milestone’ for UK CCS project
Synergia Energy has been awarded a license under the North Sea Transition Authority’s first carbon storage licensing round, which it sees as an important step for its carbon capture and storage (CCS) project.
Dutch national hydrogen network project gains ground
Energy infrastructure company Gasunie has taken the investment decision for the first part of the Dutch national hydrogen network. Gasunie said the section is being developed by its subsidiary Hynetwork Services, which was commissioned by the government last year. The investment exceeds €100 million
INEOS FPS books Sparrows for more work at North Sea platform
Sparrows Group has secured a long-term deal with INEOS FPS for work on the company’s UK North Sea platform.