Business & Finance
Transitus partners with Proteum to produce hydrogen
Proteum Energy and Transitus Energy have signed a Letter of Intent (LOI) to explore joint development opportunities in the UK, Netherlands, Republic of Ireland, and Norway to produce low-carbon hydrogen. The parties intend on producing hydrogen from North Sea natural gas resources. Transitus said th
Vår Energi makes ‘largest discovery of the year’ in Barents Sea
Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov
TGS and CGG team up for survey job in North Sea
TGS and CGG have secured a contract to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Sleipner area of the Norwegian Continental Shelf (NCS).
New chairwomen of EHB consortium come from Gasgrid and Enagas
Sara Kärki from transmission system operator (TSO) Gasgrid Finland and Maria Sicilia from TSO Enagás are the two new chairwomen of the European Hydrogen Backbone (EHB) consortium. “Hydrogen is a key technology for diversifying energy supply, improving energy security and resilience of the European e
Aker Solutions wins ‘sizeable’ contract with Wintershall Dea
Aker Solutions has won a contract from Wintershall Dea to provide the subsea production system for the Dvalin North development offshore Norway, shortly after the plan for the development and operation (PDO) of the gas field was submitted. The Dvalin North gas field is located around 200 kilometers
TKF building offshore wind cable factory in Eemshaven
Twentsche Kabelfabriek (TKF) has started the construction of a new cable factory at the Beatrixhaven site in Eemshaven, the Netherlands. According to Groningen Seaports, TKF will use the new factory to produce subsea cables to connect wind turbines from offshore wind farms to power stations. The new
RWE and Harbour Energy shake hands to pursue carbon capture and storage
RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C
Swedish company eyes funding as it targets global wave energy opportunities
Swedish company Waves4Power has opened an equity funding round, looking to secure $25 million, that will support its efforts to unlock opportunities for wave energy developments across the globe.
Ports of Rotterdam and Sines agree on hydrogen imports
ENGIE, Shell, Vopak and Anthony Veder have agreed to develop a green hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands. The project named H2Sines.RDAM aims to produce green hydrogen on a unit located in Sines, convert it to liquefied hydro
Norwegians to invest €872 million in new gas field
OMV Norge and its partners have submitted the plan for development and operation (PDO) for the Berling gas field, previously known as Iris Hades, to Norway’s Ministry of Petroleum and Energy. The Berling field, which stretches across three licenses with aligned ownership interests (PL644, PL644B and
EC approves €40 billion German measures to recapitalise two energy companies in context of Russia’s war against Ukraine
European Commission (EC) has granted approval for Germany’s aid measures to recapitalise energy companies Securing Energy for Europe (SEFE), previously known as Gazprom Germania GmbH, and Uniper in the context of Russia’s war against Ukraine. On 19 December, Uniper and the German Federal Government
ADNOC buying stake in Austrian oil and gas firm
Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.
Nearly €800 million subsidy goes to seven large hydrogen projects in Netherlands
Seven hydrogen projects in the Netherlands have received a subsidy of almost €800 million from the second wave of Hydrogen Important Projects of Common European Interest (IPCEIs). The projects that received the financial support were assessed by The Netherlands Enterprise Agency (RVO) in the past mo
New gas discovery for TotalEnergies and Eni off Cyprus
France’s TotalEnergies and Italian Eni, two oil and gas majors, have made a new gas discovery at the Zeus-1 well in Block 6 located offshore Cyprus. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs, which, as the partners said, re-enforces the promising outlook for the a