Business & Finance
Fugro Mercator to survey Statkraft’s Irish offshore wind site
Fugro is set to kick off a geophysical survey campaign at the North Irish Sea Array (NISA) offshore wind project at the end of May. The 42-meter long survey vessel Fugro Mercator is expected to carry out the operations between 27 May and 30 June, weather permitting, at the site located off the coast
Prosafe eyes Brazil market for future employment of two delayed newbuilds
Prosafe has agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units.
Two Norwegian players to explore the use of hydrogen as ‘fuel for the future’ in maritime sector
Golden Energy Offshore has teamed up with Gen2 Energy to explore the use and availability of hydrogen-based fuel in the maritime industry.
EU sets out plan to tackle double whammy of dependence on Russian fossil fuels and climate crisis
The European Commission has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.
Nova Innovation cheers selection of Yell for Carbon Neutral Islands project
Tidal energy pioneer Nova Innovation has welcomed the Scottish Government’s move to select Yell in Shetland as one of six islands included in its Carbon Neutral Islands (CNI) project.
More surveys scheduled at Morgan and Mona offshore wind sites
A geophysical and environmental survey is set to commence at the Morgan and Mona offshore wind projects in the Irish Sea on 1 June. Survey vessel Titan Endeavour will carry out the nearshore survey of the projects’ cable corridors for approximately one week. The survey includes the use of a multibea
Offshore rig utilisation rate even higher than reported as market continues to tighten, Westwood says
Westwood has revealed that the offshore rig utilisation is expected to continue its upward traction and spur a further rise in day rates.
Lundin Energy to change its name as it prepares for renewables-focused era
Lundin Energy has proposed to change its company name effective from 1 July 2022, reflecting its pivot towards renewable sources of energy.
After finding cracks on gas coolers, Equinor ordered to ensure maintenance of North Sea platform
Norwegian safety regulator has finished investigating an incident with gas cooler cracks on one of the Equinor-operated North Sea platforms.
HydraWell, READ unite to create well integrity and P&A specialist supporting energy transition
Well integrity specialists HydraWell and READ have teamed up to create a combined company focused on late-life oilfield activities including cost-efficient and environmentally safe permanent plugging and abandonment (P&A) of hydrocarbon wells.
Renewable energy industry losing confidence in EU’s Innovation Fund
Several European renewable energy associations have united to call for changes to the EU’s Innovation Fund as its award criteria ‘puts renewable energy projects at a structural disadvantage’.
TotalEnergies launches drone-based detection campaign for methane emissions across oil & gas assets
TotalEnergies has implemented a worldwide drone-based detection campaign across its operated oil and gas assets to reduce methane emissions.
Xlinks brings in new investor to deliver green power from Morocco to UK
British Octopus Energy Group has entered into a financial and strategic partnership with Xlinks, the company building the world’s longest subsea cable to deliver renewable energy from Morocco to the UK.
Odfjell rig to drill six more wells for Equinor
Equinor has exercised its option to drill more wells with Odfjell Drilling’s rig, extending the rig’s backlog for operations offshore Norway.