Business & Finance
French cable maker taking steps to improve eco-balance of power cables
France-headquartered cabling firm Nexans has developed a material for improved eco-balance of power cables in partnership with aluminium producer Trimet. In a joint development project, the two companies have developed a material with recycled aluminium content for the production of aluminium rod us
Allseas picked to play ‘key role’ in North Sea gas development
Allseas has been hired by ONE-Dyas to provide its offshore engineering expertise for a gas field development in the Dutch North Sea.
WATCH: New documentary shines a light on workers behind winds of change in UK’s offshore energy industry
OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.
Project Air receives €97 million grant from EU Innovation Fund
Perstorp, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), Uniper, a Germany-based energy company, and the European Climate, Infrastructure, and Environment Executive Agency (CINEA) have signed an agreement granting €97 million in funds to Project Air from the Innovation Fund. The
TidalKite breezes through preliminary trials ahead of deployment offshore Netherlands
Dutch company SeaQurrent has conducted first tests on its TidalKite tidal energy device as it prepares for upcoming deployment offshore the Netherlands.
Germany joins France, Portugal and Spain on H2Med project
Germany will join the H2Med, a subsea hydrogen pipeline project being jointly developed by France, Spain and Portugal. The extension of the H2Med pipeline to Germany was revealed in the Franco-German declaration on the occasion of marking the 60th anniversary of the Elysee Treaty on 22 January. Fran
European energy woes spur ‘all-time high’ demand for Norwegian gas
Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”
Equinor and PGS extend cooperation for another two years
Norwegian state-owned energy giant Equinor has exercised an option to extend the multi-year 4D framework agreement with PGS, established in March 2021, by two additional years. The framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreem
Norway’s licensing round for oil & gas exploration in predefined areas to offer more offshore acreage
Norway’s Ministry of Petroleum and Energy has sent a proposal for the announcement of the APA 2023 round, which includes additional blocks.
New vessel joins Türkiye’s fleet as Black Sea project nears first gas
Türkiye’s new vessel will soon be going on its first mission in the Black Sea, working on giant project in preparation for the first gas.
Eni and Sonatrach join forces to curb emissions and bolster energy security
Eni and Algeria’s Sonatrach have inked strategic agreements to accelerate the reduction of emissions and strengthen energy security.
Minesto strengthens tidal energy buildout plans for Faroe Islands
Swedish marine energy company Minesto and Faroese utility company SEV have renewed and expanded the collaboration agreement related to tidal energy buildout in the Faroe Islands.
PGS scores new seismic acquisition deal in Mediterranean
Petroleum Geo-Services (PGS) has secured a contract with an undisclosed international energy company to carry out a 3D exploration acquisition contract in the Mediterranean.
Eitzen takes majority stake in Høglund Marine Solutions
Oslo-based Eitzen Group has become a majority shareholder in Høglund Marine Solutions, a compatriot provider of sustainable automation and energy solutions for the maritime industry. Høglund designs and develops smart automation, energy, and digital solutions targeting the optimization of vessels’ o