Business & Finance
EU sets up new task force as tool for getting rid of Russian fossil fuels
The EC has established a new task force to support and implement the REPowerEU goal of energy supply diversification.
Survey to begin at largest Irish offshore wind farm in June
A geotechnical survey will begin at the Codling offshore wind farm in Ireland at the beginning of June as part of the consenting process for the project. Operations are expected to commence on 6 June at the earliest and are likely to finish on 4 July, weather permitting. The works will consist of a
SIMEC Atlantis requests one year extension to repay tidal power debts
Edinburgh-based tidal energy developer SIMEC Atlantis Energy has issued a request to amend the debenture deed with Abundance Investment, seeking one year extension for the repayment.
Spain’s Iberdrola to invest $3.2 bln in green hydrogen
Spanish clean energy company Iberdrola said it will invest €3 billion ($3.2 b) in green hydrogen to accelerate the European Green Deal.
German Chancellor’s Africa tour seen as critical step to energy security
Following German Chancellor’s Africa tour, the African Energy Chamber believes it to be a critical step towards achieving energy security.
Aker Solutions subsea production system for Halten East development
Aker Solutions has won a contract from Equinor to deliver the subsea production system for the Halten East development offshore Norway. The development concept is a subsea tie-back to the Åsgard B platform using existing facilities and infrastructure. The discoveries consist of gas and condensate. A
MacGregor bags ‘significant order’ to equip Polish hybrid RoPax ferries
MacGregor, a part of Finnish Cargotec, has secured a contract to supply comprehensive packages of RoRo equipment for three RoPax ferries powered by four liquefied natural gas (LNG) engines of dual-fuel type with battery assistance.
Equinor and partners investing over $937 mln to develop Norwegian Sea gas project
Equinor and Halten East partners have decided to invest about NOK 9 billion in the development of the area neighbouring the Åsgard field.
Equinor’s new oil discovery could add ‘valuable volumes’ to Barents Sea project
Norwegian oil and gas giant Equinor has made a new oil discovery in Snøfonn Nord with the exploration well 7220/8-2 S, located by the Johan Castberg field development in the Barents Sea. This proximity to the current project development enables the tieback option, which will be considered by Equinor
WIND to store cables for TenneT
The Netherlands-based subsea cable specialist WIND has signed a framework agreement with TenneT for the provision of cable transfers and storage for spare export cables. The scope of the contract includes the supply of cable storage equipment, execution of cable transfers, and management and storage
Europe’s bold new energy plan will need wartime-like planning to meet goals, Rystad says
Rystad Energy forecasts that the EU’s energy plan and its budget may fall short of objectives, as a further ramp-up of investments is needed.
Eni goes full speed ahead with drilling plans off Cyprus
Following the arrival of a Vantage Drilling-owned drillship from Egypt, Eni and TotalEnergies are kicking off drilling operations offshore Cyprus.
EU and U.S. condemn Russia’s use of ‘energy blackmail’ through actions like gas supply halt
The EU and the U.S. have condemned “Russia’s use of energy blackmail”, like cutting off gas supplies to Finland.
Claxton, Seabed Solutions join hands to boost decommissioning offer
Claxton, Acteon’s drilling and decommissioning segment, has signed a collaboration agreement with Seabed Solutions to add value to decommissioning projects, helping operators fulfil their obligation to return subsea sites to their natural state.