Business & Finance
UK’s government puts power link to Morocco on energy security radar
The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr
Four out of six companies awarded CO2 storage licenses offshore Norway
The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and
Repsol prolongs platform supply vessel’s assignment
Golden Energy Offshore Services (GEOS) has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol.
IINO Lines to install Norsepower rotor sails on a newbuild VLGC
Finnish cleantech company Norsepower Oy has signed a contract with global shipping company IINO Lines for the delivery and installation of two Norsepower Rotor Sails™ on a newbuild Very Large Gas Carrier (VLGC). The LPG dual-fuel vessel was delivered today from Daewoo Shipbuilding & Marine Engineeri
UK oil & gas player firming up farm-out talks with ‘well-funded industry heavyweight’
Jersey Oil & Gas plc is in the process of finalising a farm-out process with an undisclosed operator for an asset in the North Sea.
Odfjell Drilling secures more North Sea work for its rig
Odfjell Drilling has inked two letters of intent with an undisclosed client for one of its rigs to carry out drilling activities in the North Sea.
IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix
New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.
Eni creates new venture to enhance pipeline monitoring technology
Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. The establishment of the new venture comes as Eni wishes to enhance the market value of its proprietary technology call
Ocean energy public financing must create ‘pull’ for investors, new IRENA-OEE report says
A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.
Counting the cost of going green: The steep price of switching to e-methanol
The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new
UK: Eight CCUS projects proceed to negotiations for support
The UK Government has selected eight successful bidders in the second phase of the carbon capture, utilization and storage (CCUS) cluster sequencing process to proceed to negotiations for support through relevant business models. Following the selection of HyNet and East Coast Cluster as Track-1 CCU
Fourth well in Black Sea drilling campaign comes online
Trillion Energy has put the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye into production.
On a mission to boost North Sea production, UK moves to address delays in buying and selling of oil & gas assets
The NSTA has put the wheels into motion to speed up North Sea oil and gas production by proposing the removal of barriers to investment.
Third Black Sea well goes on stream with fourth one days away from following suit
Trillion Energy has kicked off production from the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.