Business & Finance
Northern Lights director: Market for CO2 transport and storage is evolving rapidly
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project
UK windfall tax hike stokes fears of a collapse in North Sea oil & gas investments
A lot of the money that was scheduled to go into the North Sea is being switched to the U.S. where oil and gas investments are booming.
SolarDuck sets up Norwegian floating solar base
Floating solar developer SolarDuck has opened an office in Norway, which will serve as the company’s global business development center.
Neptune hands out multi-year deal for drilling activities
Neptune Energy has awarded a long-term contract for drilling activities on the Norwegian Continental Shelf (NCS) to Tenaris.
Prysmian hires Solstad vessel for another 7 years
Solstad Offshore’s construction support vessel (CSV) Normand Pacific has secured a new contract with Italian cabling giant Prysmian for work within renewable energy. Prysmian Powerlink awarded Solstad with a new seven-year contract for the CSV. The contract is firm until 31 December 2030. In additio
Neptune Energy picks Dutch player for offshore ops in North Sea
WFR Oilfield Services has entered into an agreement with Neptune Energy for the provision of a wide range of well testing services.
Norwegian oil & gas field back in operation for 20 more years of production
Equinor has officially reopened a field in the Norwegian Sea for production after the platform and the FSO underwent extensive upgrades.
Sustainable Marine’s Canadian business goes bust over DFO permitting issues
Sustainable Marine Energy’s Canadian subsidiary has been placed into voluntary bankruptcy, citing permitting issues with Fisheries and Oceans Canada (DFO) as the main reason behind the development.
Tenders canceled for Poland-Lithuania submarine interconnector
Two tenders have been canceled for a submarine interconnection project that is set to link Lithuania’s and Poland’s electricity systems due to exceeding the investment budget in the offers. Lithuanian transmission system operator (TSO) Litgrid has decided to cancel the procedure for selecting a cabl
More Norwegian gas on the horizon, as another discovery comes to light
Equinor has made a new gas and condensate discovery near the Kristin field in the Norwegian Sea, using an Odfjell Drilling-owned rig.
Ørsted selected for Denmark’s full-scale carbon capture and storage project
The Danish Energy Agency has awarded Ørsted Bioenergy & Thermal Power with a 20-year contract for Denmark’s first full-scale carbon capture and storage (CCS) project, set to capture and store 430,000 tonnes of CO2 per year from 2026. The Ørsted Kalundborg Hub project will see Ørsted establish carbon
Swiss-Norwegian partnership developing mini resident underwater drone system
Switzerland-based autonomous underwater robotics company Hydromea has partnered up with Unplugged, a Norwegian firm focused on inductive charging and data transfer technology, to develop a resident underwater drone system for the inspection and monitoring of underwater assets. Under the project, the
North Sea well on track to come online at UK gas project
IOG is continuing to drill the second Blythe production well, which is expected to be brought on stream by the end of 2Q 2023.
Montenegro inks MoU with US companies for LNG terminal in port of Bar
The Government of Montenegro is advancing works to install an LNG terminal in the port of Bar as it signs a memorandum of understanding (MoU) with US companies Enerflex Energy Systems and Wethington Energy Innovation. On 12 May, Prime Minister Dritan Abazović, on behalf of the Government of Monteneg