Business & Finance
Zodiac Maritime, others invest in TES to accelerate energy transition
Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million).
15 banks secure financing for SBM Offshore’s largest FPSO so far
Dutch FPSO operator SBM Offshore has completed the project financing for its largest FPSO so far, which will work for ExxonMobil off Guyana.
Norwegian authorities expect up to 40 exploration wells this year
Norway has recorded a high level of exploration activity in the first half of 2022, which has led to six discoveries so far.
Norway’s giant renovation project moves closer to finish line as refurbished storage vessel heads offshore
With another major milestone achieved, Norway’s energy giant Equinor has moved closer to re-starting production at its operated Njord field offshore Norway.
Spain floats €200M grant program plan for marine renewable energy pilots
Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has drafted a plan for four aid programs totaling €200 million, designed to boost investment in pilot projects, test platforms, and port infrastructure for marine renewable energy.
Chevron targets year-end for delivery of development concept for Cyprus gas field
Chevron plans to deliver an optimised development concept for the Aphrodite gas field located offshore Cyprus to the country’s authorities.
UK decom specialist lands 14-well job with European operator
Well-Safe Solutions has inked a new decommissioning deal on the UK Continental Shelf (UKCS) with an undisclosed European operator.
Russian gas flowing to Europe again as Nord Stream 1 restarts
The Nord Stream 1 pipeline has resumed gas transmission from Russia to Europe after ten days of being shut down due to annual maintenance works. Both lines of the gas pipeline system were shut down on 11 July for routine maintenance works, including testing of mechanical elements and automation syst
North Sea well comes up dry for Wintershall Dea
Oil and gas company Wintershall Dea has found no hydrocarbons in the Brage South exploration well located in the North Sea off Norway.
First UK-Germany energy link reaches financial close
The €2.8 billion NeuConnect project, the first ever energy link between the UK and Germany, has reached financial close, allowing work to begin later this year.
Enagás sells Quintero LNG stake to Fluxys and EIG
Enagás and OMERS Infrastructure have closed the joint sale of their stakes in Chilean Quintero LNG terminal to a consortium formed by EIG and Fluxys.
Fugro to work on new Irish offshore wind projects
Fugro is set to kick off a geotechnical site survey campaign at the North Celtic Sea and South Irish Sea offshore wind projects at the end of July. Supply vessel Fugro Voyager is in charge of carrying out the work which will include a downhole cone penetration test (CPT) and continuous sampling bore
Norway’s oil output continues to shrink
While Norway recorded a slight increase in gas production in June 2022, the oil output fell yet again behind the NPD’s predictions.
d’Amico secures $82M sustainability-linked loan
d’Amico Tankers, part of Italian shipping company d’Amico International Shipping (DIS), has signed an $82 million sustainability-linked loan concerning four of the company’s tankers.