Business & Finance
Sustainability-led investor buys majority stake in new UK interconnector
Sustainability-led infrastructure and private equity investment manager Foresight Group Holdings Limited has acquired a majority stake in the MaresConnect interconnector project. The firm completed the acquisition through its energy transition fund Foresight Energy Infrastructure Partners (FEIP), wh
North Sea well comes up dry for Aker BP
Oil and gas company Aker BP has concluded the drilling of a wildcat well in the North Sea offshore Norway but it failed to find hydrocarbons.
Safety regulator investigating lifting incident on Odfjell rig
Norwegian offshore safety regulator has launched an investigation into a lifting incident on one of the Odfjell Drilling-owned rigs.
Polish firm to scale up Norwegian gas production in push for ‘more energy security’
PGNiG Upstream Norway plans to produce an additional volume of approximately 0.5 billion cubic meters of natural gas this year.
Pre-FEED work starts for development of North Sea field via Piper Bravo platform
Pre-FEED work has started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform.
Flagship Founders’ new startup zero44 to help shipping companies control CO2 footprint
Flagship Founders has unveiled its third start-up, zero44, that aims to help shipping companies, ship managers and charterers monitor and control their fleets’ CO2 emissions to improve their carbon footprint.
Harbour Energy’s new project set to boost UK gas output
Harbour Energy has started production from its delayed project in the North Sea, which is expected to boost the UK’s domestic production.
Another hurdle out of the way as Noble shareholders greenlight Maersk merger
Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling almost unanimously.
Norway launches 30 GW by 2040 offshore wind investment plan
The Government of Norway has launched a large-scale investment plan aimed at allocating sea areas to develop 30 GW of offshore wind capacity by 2040. The ambition is that almost as much new power will be produced from offshore wind as Norway produces in total today. ”Today we launch a large-scale in
New gig in Norway for Solstad vessel
Aker BP has picked a platform supply vessel (PSV) from Solstad Offshore for support operations offshore Norway.
Odfjell Technology on track to wrap up three-year campaign in Black Sea
Odfjell Technology is on track to successfully complete its three-year drilling project in the Black Sea with Black Sea Oil & Gas (BSOG).
Swedish start-up collects multi-million EU grant for full-scale wave energy device
Swedish company Novige has been selected by the European Climate, Infrastructure and Environment Executive Agency (CINEA) to receive a multi-million euro grant to build its full-scale wave energy device.
Neptune to invest over $1 bln in next five years to secure energy supplies for UK
Neptune Energy will spend more than $1 billion over the next five years securing energy supplies for the UK.
Petrogas plans to unlock stranded North Sea gas discovery within three years
Petrogas plans to develop its Birgitta gas field in the UK North Sea within the next three years following the completion of an appraisal well.