Business & Finance
Fugro continues with surveys at Inch Cape offshore wind farm
Fugro is about to commence a vessel-mounted bathymetry survey at the Inch Cape offshore wind farm, located off the Angus coastline in Scotland. The activities are planned to begin on or after 2 July and are expected to take up to 10 days to complete, weather permitting. The 50-meter DP2 research/sur
Offshore wind to power sustainable aviation fuel production in Sweden
Vattenfall and St1 have signed a Letter of Intent to develop a fossil-free value chain for production of synthetic electro fuel from offshore wind, with the next step being conducting a feasibility study into bringing the project to life in 2029 and gradually growing towards the target of one millio
UKEF shows interest to fund SBS’ tidal power project in Indonesia
SBS and its state-owned partner Indonesia Power have received expression of interest (EoI) from UK Export Finance Agency (UKEF), confirming multi-million dollar project development financing for a tidal power scheme in Indonesia
TGS acquires compatriot asset management provider
Norwegian seismic player TGS has acquired Prediktor, a compatriot provider of asset management and real-time data management solutions to renewable and energy asset owners. Based in Fredrikstad, with 40 employees, Prediktor currently supports 7 GW of renewable energy assets, mainly PV solar, with a
Lundin rebrands as Orrön Energy after ditching E&P business
Lundin Energy has changed its name to Orrön Energy to reflect its new status as a pure-play renewables business.
North Sea TSO seeking service providers offshore Germany
Dutch-German transmission system operator (TSO) TenneT has begun two tendering processes looking for providers of offshore services in Germany.
All systems go for Wintershall Dea to bring North Sea tie-back on stream
Wintershall Dea has secured all approvals from the Norwegian authorities to start production from a field in the North Sea off Norway.
Aker BP – Lundin merger to come into force today
Aker BP expects the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, to be completed today.
Vår Energi enters strategic supplier partnership for upcoming subsea projects
Vår Energi has entered into a strategic partnership agreement with Aker Solutions, Havfram and Saipem for the delivery of subsea production systems for all upcoming subsea projects for the next five years. As disclosed, the partnership covers the fabrication, delivery, and installation of subsea pro
Norway supports 5 new shore power projects
Enova, a Norwegian government enterprise, is supporting five new shore power projects in the country with NOK 34 million (about $3.4 million).
World’s first hybrid-electric anchor handler completes sea trials
Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.
UK’s first HVDC cable factory receives planning approval
The North Ayrshire Council Planning Committee has granted planning permission for XLCC to build the first HVDC subsea cable factory in the UK. The HVDC subsea cable manufacturing facility, which will be located in Hunterston, Scotland, received the planning approval on 29 June. Construction is expec
Faster ramp-up of investments needed to tackle double whammy of energy and climate crises
While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.
Wavepiston targets €2M through equity issue
Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.