Business & Finance
Exceedence announces crowdfunding campaign
Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.
Aker Solutions set to begin preparatory work for Equinor’s subsea tie-back project
Norway’s state-owned energy giant Equinor has awarded Aker Solutions with a Letter of Award (LOA) to provide the subsea production system and control umbilical for its North Sea field development. The scope of work includes a complete subsea production system including two vertical subsea trees, one
First UK-Norway interconnector back in full capacity following repairs
The 1,400 MW North Sea Link (NSL) that connects the UK and Norway is set to return to full operations today, 13 June, following the repair of a technical fault which saw the project operating at half capacity. Norway’s Statnett reported on 8 June that a fault caused the unavailability of the NSL int
European Hydrogen Bank linked with Germany’s H2Global scheme to support hydrogen ramp-up
The European Hydrogen Bank, an initiative by the European Commission to facilitate both renewable hydrogen production within the EU and imports, has been linked with Germany’s H2Global support scheme to enhance global hydrogen ramp-up. European Commissioner for Energy Kadri Simson and German Federal
UK enriches its gas arsenal as another North Sea well comes online
IOG has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea.
DNV approves Hydromea’s underwater inspection robot
Scotland’s remote technology specialist Air Control Entech (ACE) has received the DNV class approval for Hydromea’s EXRAY underwater inspection robot for visual remote inspection technology (RIT). EXRAY, developed by Swiss underwater robotics company Hydromea, is an underwater inspection robot that
Equinor gearing up to drill two North Sea wells
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
Another North Sea well comes up dry
Equinor has completed the drilling of a wildcat well near the Troll field in the Norwegian sector of the North Sea but failed to find hydrocarbons.
OCI to fuel Maersk’s 1st green methanol-powered feeder
Dutch producer and distributor of hydrogen-based products OCI Global is fueling the first-ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI revealed that it will provide ISCC-certified green biomethanol to power the maiden voyage of Maersk’s first methanol
Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets
Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.
Equinor taps Aker Solutions for ‘first, umbilical-less TH installation’
Norway’s state-owned energy giant Equinor has awarded compatriot Aker Solutions with a contract for the first delivery of its Submersible Wireless Installer for Tubing (SWIFT). According to Aker Solutions, the advantage of SWIFT includes OPEX and carbon-footprint savings for operators by providing u
Norwegian deep-water installation vessel to back Mediterranean gas pipeline installation
Norwegian offshore vessel owner Island Offshore has secured a contract to support the installation of a new gas pipeline in the Mediterranean. The company’s deep-water installation vessel Island Victory will carry out the installation of a complete mooring spread for a floating storage regasificatio
Drilling ops kick off at sixth well in Black Sea drilling campaign
Trillion Energy has spudded the sixth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Shelf Drilling jack-up rig spuds TotalEnergies’ first of two infill wells in North Sea
TotalEnergies has kicked off drilling ops on the first of two infill wells to be drilled during 2023 at a field in the Danish North Sea.