Business & Finance
Three key elements could help boost production in North Sea, UK regulator says
Oil and gas production in the North Sea could be boosted in the coming years through a series of measures recommended by the NSTA.
Minesto’s interim financial figures go further down
Swedish tidal energy developer Minesto has reported wider losses for the first nine months of fiscal year 2022, compared to the same period a year earlier.
Dutch govt urged to introduce investment allowance ‘to avoid risks to energy security’
Neptune Energy has called on the Dutch government to introduce an investment allowance in its plans to raise levies on energy companies.
Tender for new turbines soon to be launched for wave energy power plant in Spain
The Energy Agency of the Basque Government (EVE) has confirmed it would soon launch a €3.2 million public procurement process for the purchase of new turbine technology for the Mutriku wave energy power plant.
Equinor facing protests over one of the biggest new oil and gas projects in UK
Norwegian state-owned Equinor is facing a massive digital protest against the company and its operated Rosebank project, located West of Shetland.
Commissioning of Baltic Pipe receiving terminal further postponed
The commissioning of the Baltic Pipe receiving terminal in western Denmark is set to be further postponed due to continued technical challenges. The receiving terminal for gas from the Norwegian Europipe II pipeline was initially planned to be commissioned on 8 October but was postponed to 20 Octobe
FPSO Petrojarl Foinaven goes to M.A.R.S.
M.A.R.S. has been awarded a major EU Green Recycling contract for Teekay’s Petrojarl Foinaven FPSO.
Solstad PSV gets five-year job in North Sea
Solstad Offshore has secured a new five-year contract for one of its platform supply vessels (PSVs) with TotalEnergies in the North Sea.
BP to form global floating wind team
The original article published on 14 October has been updated following the news that BP has qualified as an eligible bidder for the first offshore wind lease sale in California. BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind,
North Sea operator Ithaca Energy makes plans for London listing
Ithaca Energy, the UK’s independent E&P company focused on the North Sea, has revealed its intention to float on the London Stock Exchange.
px Group to manage 20-year-old North Sea gas pipeline
TotalEnergies E&P UK has awarded px Group with a long-term multi-year contract to operate the SEAL gas pipeline in the North Sea. The SEAL pipeline transports sales quality gas from the Elgin Franklin platform in the Central Graben Area of the North Sea to the dedicated module at the Bacton gas term
Sustainable Marine sells Swift Anchors business to German partner
Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel.
iXblue and ECA Group to operate under new brand
iXblue and ECA Group will be operating under a new joint brand called Exail, the companies announced following the recent acquisition of iXblue by Group Gorgé. According to iXblue, the companies will benefit from a global workforce of 1,500 persons and are expected to achieve an annual turnover of €
Norway’s Equinor paid nearly $9 bln in taxes to authorities in 2021
In 2021, Norwegian state-owned energy giant Equinor paid $8.9 billion dollars in corporate tax to authorities.