Business & Finance
More North Sea gas thanks to UK’s broader entry specification limit
The UK government has made a decision to widen the country’s gas entry specification limit, enabling more North Sea gas to enter the country’s National Transmission System (NTS).
France creates largest European sea trial center for marine renewables
The largest European center for sea trials entirely dedicated to floating wind power and marine renewable energies called the OPEN-C Foundation has been set up in France by major industry players.
After wrapping up Tailwind acquisition, Serica ‘uniquely placed to prosper’
Serica Energy has closed the acquisition of Tailwind, which has diversifying its portfolio with a new production hub while lifting the firm into the top ten UK producers.
UK and France strengthen ties on energy security and resilience
The governments of the UK and France have signed a new agreement committing to greater cooperation on energy resilience and low-carbon technologies, which could potentially support a rise in electricity interconnection by two thirds. The Statement of Cooperation on Energy was signed on 10 March by t
Höegh LNG closes acquisition of CoolCo’s LNG carrier
Höegh LNG, an owner and operator of floating LNG import terminals (FSRUs) and LNG carriers, has completed the acquisition of the 2013-built LNG carrier from Cool Company (CoolCo). Under the deal signed in February 2023, Höegh LNG agreed to purchase CoolCo’s Golar Seal, an LNG carrier with 160,000 cb
Maritime, mining, and energy majors to create a green corridor for iron ore
A new consortium comprising UK-based mining company Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE plans to explore the options for developing a maritime green corridor for the zero-emission shipping of iron ore between South Africa and Europe. The initiative has been des
After bolstering oil, gas and renewables in 2022, TotalEnergies ramping up low-carbon investments in 2023
France’s TotalEnergies has decided to step up its investments in low-carbon energies to $5 billion in 2023.
PGS’ new contract to improve its summer season visibility
Norwegian seismic company PGS has secured a contract with what it describes as a “major international energy company” for 3D exploration acquisition services. Ramform Titan is scheduled to mobilize for the survey in late June, with the acquisition expected to complete in August. “We are very pleased
Carisbrooke Shipping trials Grafmarine’s solar energy cells
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Grafmarine’s NanoDeck AI Solar tile management solution is a mo
Wales launches €850K tidal lagoon challenge
Welsh First Minister Mark Drakeford has announced £750,000 (€850,000) for research projects focusing on deployment of tidal lagoon technology as part of Tidal Lagoon Challenge.
Equinor all set to deploy Floatel’s unit at North Sea field
Norwegian offshore safety regulator has given Equinor consent to use one of Floatel’s semi-submersible accommodation and construction support vessels at a North Sea field off Norway.
Olympic Subsea vessel gets to work with DeepOcean
DeepOcean has entered into a two-year time charter agreement with Olympic Subsea for a multi-purpose support vessel (MPSV) that will be deployed in the renewables and oil and gas industries. The agreement was signed for the MPSV Olympic Ares which will provide subsea inspection, maintenance, and rep
Grimaldi-led JV takes majority stake in the Igoumenitsa Port Authority in €84M deal
The joint venture established by the companies Grimaldi Euromed S.p.A., Minoan Lines S.A., and Investment Construction Commercial And Industrial S.A. (EKEV SA) signed an agreement with the Hellenic Republic Asset Development Fund (HRADF), which manages the privatization of Greek ports, for the purch
Shell unveils two energy scenarios with the world caught in security and climate woes’ grasp
Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.