Business & Finance
Activists in Germany turn off oil pipelines in protest against North Sea drilling
Activists in Germany turned off crude oil pipelines at five locations, calling the government to stop new fossil fuels projects.
EU’s Innovation Fund launches €100M call for innovative low-carbon projects
The European Commission has launched a call for small-scale projects focusing on innovative technologies in renewable energy, heavy industry, energy storage, and carbon capture as part of its Innovation Fund.
Danes on the lookout for energy islands consultant
Danish energy operator Energinet has issued a tender looking for consultancy services for the expected subsea cable routes of the planned Energy Islands in the North and Baltic Seas. The scope of work includes consultancy services regarding the external threat and risk assessment as well as assessme
First gas flows between Denmark and Norway after Baltic Pipe North Sea construction ends
Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t
SIMEC Atlantis seeks more time to repay Abundance Investment debentures
SIMEC Atlantis Energy has entered into discussions with Abundance Investment to extend the timing for the repayment of the €5.9 million debenture issued to the company in 2017.
Equinor to keep PGS busy this summer
Norway’s PGS has leveraged its multi-year frame agreement with compatriot oil and gas giant Equinor to secure contracts for the 2022 summer season. PGS will be carrying out 4D GeoStreamer monitoring surveys over the Visund field in the North Sea and the Snøhvit field in the Barents Sea. The company
ConocoPhillips cleared to spin the drill bit at Norwegian Sea well
The Norwegian Petroleum Directorate has granted ConocoPhillips a drilling permit for a wildcat well located in the Norwegian Sea off Norway.
New jobs for Transocean rigs with one rig coming back from idle mode
Offshore drilling contractor Transocean has been awarded a new contract and extensions for its rigs, adding $87.2 million to its backlog.
NKT commissions Hornsea Two power cable system
NKT has commissioned the 220 kV HVAC power cable system connecting the 1.3 GW Hornsea Two offshore wind project in the UK to the shore. NKT manufactured the power cables for the project at its factory in Karlskrona, Sweden, which runs on 100% green electricity, minimizing the carbon footprint of the
SIMEC Atlantis names new CFO to push project delivery
UK-based marine energy company SIMEC Atlantis Energy (SAE) has appointed Simon Hirst as an executive director of the company and as the group chief financial officer (CFO), with immediate effect.
Australian player enters North Sea acreage close to UK’s giant oil field
Finder Energy has expanded its UK North Sea portfolio after entering into an agreement to buy a licence close to the giant Buzzard oil field.
Net Zero Technology Centre awards grant for innovative subsea data technology
Aberdeen-headquartered digital twin technology firm Eserv has secured a six-figure funding grant from the Net Zero Technology Centre to develop a multi-resolution, multi-format asset integrity visualisation system for the subsea energy sector. The 12-month R&D project will see Eserv building a proto
Activists block Russian oil tanker in Norwegian port, calling on govt to ‘stop fueling the war’
Activists are blocking a Russian tanker from offloading oil in Norway, calling on the government to ban the imports of Russian fossil fuels.
M-SParc to manage offshore energy supply chain cluster in North Wales
Wales’ first science park for innovation Menai Science Park (M-SParc) has been chosen as the accountable body for the Offshore Energy Alliance – a supply chain cluster established to take advantage of the opportunities offered by offshore energy in North Wales.