Business & Finance
Orbital Marine Power secures revenue support for 7.2MW tidal energy projects
Scottish floating tidal energy company Orbital Marine Power has been awarded two contracts for difference (CfDs) in the latest renewable energy auction scheme in the UK.
UK’s fourth contracts for difference round awards over 40MW of new tidal power capacity
The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.
UK secures 7 GW of new offshore wind, awards CfD to world’s single biggest OWF
The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of £37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single biggest
UK to add almost 11GW of clean energy capacity as it moves away from fossil fuels
The biggest ever round of UK government’s flagship renewables auction scheme has secured record capacity of almost 11GW of clean energy, to be delivered across a range of clean technologies, including offshore wind, solar, onshore wind, and for the first time ever – floating wind and tidal energy.
Norwegian govt puts an end to oil & gas workers’ strike to prevent output loss
The Norwegian government has decided to step in to avoid further loss of oil & gas production after offshore workers went on a strike.
Centurion combines businesses to create subsea services provider
Centurion Group has combined its Aberdeen-based businesses Aleron and Seanic UK to form Centurion Subsea Services (CSS). Centurion Subsea Services is said to provide specialist subsea equipment and engineering services to the energy, renewables, decommissioning and subsea construction industries. T
Solstad offloads yet another vessel
Solstad Offshore has sold another platform supply vessel (PSV) to a buyer, whose identity has not been revealed.
Drop in recoverable oil resources could deal major blow to energy security, Rystad says
The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.
Norway to spearhead oil & gas electrification helm for years to come, forecasts Westwood
Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects.
Getech bags $2.15 mln of energy transition-related contracts
Geoenergy and green hydrogen company Getech has secured $2.15 million of new contracts related to the energy transition.
Transocean rig in the clear for gig on Equinor’s North Sea field
Equinor has received consent from Norway’s regulator to use Transocean’s rig for production drilling and completion on a North Sea field.
Following incident, Equinor ordered to ensure maintenance of offshore facilities and land plants
Norway’s regulator has investigated an incident with a short circuit and fire pump breakdown on one of Equinor’s North Sea platforms.
Normand Pacific stays with Prysmian
Solstad Offshore has signed another contract extension with Prysmian Powerlink for the construction support vessel (CSV) Normand Pacific. The new one-year deal will see the vessel fixed with the Italian company until 31 December 2023. Prysmian has the option to extend the contract for a further one
Initiative to curb methane emissions extends its member base as UK firm enrols
Neptune Energy has backed an industry initiative, aiming to remove methane emissions from the oil and gas sector by 2030.