Business & Finance

Geophysical surveys starting at Irish 1 GW floating offshore wind project
A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be c

Fugro to survey site for Norway’s first large-scale offshore wind farm
Fugro has secured a marine site characterization contract by the Norwegian Petroleum Directorate (NPD) for the Sørlige Nordsjø II project, set to become the first large-scale offshore wind farm in Norway. The work scope will include mapping the seafloor and sub-seafloor to expand understanding of th

No luck for Aker BP after completing Norwegian Sea well
Aker BP has completed has concluded the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.

Survey services wanted for Viking Link
Danish transmission system operator (TSO) Energinet has issued a tender seeking a provider of an after installation survey along the Viking Link cable between Denmark and the UK. The main purpose of the survey is to confirm the vertical and horizontal position of the cable location. The survey activ

TEPCO Power Grid gets in on NeuConnect project
TEPCO Power Grid is set to participate in the NeuConnect project – the first UK-Germany subsea interconnector – as it has entered into a share purchase agreement with the shareholders of FI1 Limited, a minority shareholder in the project. TEPCO Power Grid signed the agreement with the shareholders v

Nova Innovation talks tidal energy with UK Chancellor
UK’s Chancellor of the Exchequer Nadhim Zahawi has paid a visit to Nova Innovation to learn more about tidal energy, the company’s technology and route to market for the industry.

Marine surveys begin at second Malta-Italy interconnector
InterConnect Malta (ICM) has commenced offshore works of the preliminary marine route survey (PMRS) for the second Malta-Italy interconnector. Fugro is in charge of delivering the work using the 60-meter vessel Urbano Monti, which sailed out of the Grand Harbour on 25 August to start surveying the 6

WATCH: McDermott prepares Tyra module for journey to North Sea
McDermott has completed the load out of the TEG gas processing module for the TotalEnergies-operated Tyra field.

Second North Sea discovery in four months for Neptune
Oil and gas company Neptune Energy has made a minor oil discovery near its operated Gjøa field in the North Sea off Norway.

Aker BP picks contractor for ‘largest new-build project in many years’
Aker BP has picked Rosenberg Worley to construct two models for the new central platform on a field in the North Sea.

PGS and Shell ink multi-year multiclient library access deal
Norwegian seismic company PGS and oil and gas major Shell have entered into a multi-year agreement for access to a significant part of PGS’ multiclient data library. Under the agreement, Shell will gain rapid and easy access at scale to the PGS multiclient library which will play an important part i

WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost
As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.

Equinor to press on with procurement processes for Bay du Nord oil project
Equinor will continue its Bay du Nord procurement processes, including options such as the recent expression of interest for FPSO Topside Engineering and Procurement for FEED, with an option for execution.

EMEC schedules open days in Orkney
The European Marine Energy Centre (EMEC) is holding open days next week for the public to hear about the testing and demonstration activities happening in Orkney.