Business & Finance

Port of Rotterdam to offer site suitable for green hydrogen plant
The Port of Rotterdam Authority is developing an 11ha site on the Maasvlakte suitable for the construction of a very large green hydrogen plant. The site offers space for up to 1 GW of electrolysis and is located next to where Tennet’s Amaliahaven (380 kV) high-voltage substation will be built. This

UK-Norway interconnector projects paused due to timeline conflict
Two multi-purpose interconnector projects that were supposed to link the UK and Norway have been deemed unable to meet the eligibility criteria and have therefore been paused, according to UK energy market regulator Ofgem.

Latvijas Gaze sells its subsidiary Gaso to Eesti Gaas
Latvia’s natural gas company Latvijas Gaze has signed a definitive agreement to sell its wholly-owned subsidiary Gaso to energy company Eesti Gaas, also known as Elenger. According to Eesti Gas, the completion of the transaction is subject to approval from the Latvian Competition Authority and permi

BW Offshore FPSO staying longer in Nigeria
Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.

TotalEnergies picks marine warranty surveyor for decom work in North Sea
ABL Group has been appointed as marine warranty surveyor for the decommissioning operations at a field in the Dutch sector of the North Sea.

UK oil & gas firm gets more time for acquisition of North Sea discovery
Quattro Energy has experienced a delay in the acquisition of United Oil & Gas’ asset in the North Sea with an existing hydrocarbon discovery.

Norwegian Sea tie-back to recently upgraded platform comes online
Equinor has started production from a field, which has been tied back to a recently upgraded platform in the Norwegian Sea.

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites
Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

Global wave and tidal energy market poised to reach $10 bln by 2031, report shows
Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re

Green light for Wintershall Dea to kick off drilling ops with Transocean rig
Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

Next-gen autonomous subsea robot hits the water
Nauticus Robotics has kicked off a commissioning exercise of the first of three second-generation Aquanauts autonomous subsea robots, dubbed the Mark 2 (MK2). Following commissioning, Nauticus plans to send the initial Aquanaut MK2 units to the North Sea and the Gulf of Mexico in the coming months t

Oil and renewables steal the spotlight, as natural gas consumption takes a downturn in 2022
The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year.

Rovco’s new COO comes from Mermaid Subsea Services
UK’s Rovco has appointed Fraser Moonie, previously Regional Director for Mermaid Subsea Services UK, as its new Chief Operating Officer (COO) as part of the company’s global expansion targets. Shortly before taking over the role at Rovco, Moonie worked to bring the Asia-based subsea contractor Merma