Business & Finance
Germany looking to secure gas supplies from North Sea amid push to end reliance on Russian imports
Germany and Dutch ONE-Dyas are looking into possible natural gas production in the North Sea to reduce the country’s reliance on Russian fossil fuels.
SolarDuck a step closer to commercialisation as €4 million funding round closes
SolarDuck has closed a €4 million funding round with a consortium of investors, set to support the Dutch floating solar specialist on its path towards commercialisation by 2023. The capital will be used to finalise the technical roadmap and produce the first full-scale floating solar powerplant with
RenewableUK urges UK govt to ‘increase ambition’ for biggest-ever CfD round
RenewableUK has called on the UK Government to increase ambition and maximize investment in wind, tidal and solar energy for the currently ongoing fourth Contracts for Difference (CfD) auction, the biggest one so far.
Wireless subsea observation network for data collection under development off Norway
The University of Bergen and GCE Ocean Technology have entered into a partnership agreement to create a wireless underwater observation network along the coast of Norway to monitor the environment and obtain information about the ocean environment. The parties’ collaborative project called SFI Smart
Minesto begins 2022 with net loss increase
Swedish marine energy developer Minesto has reported an increase in net loss for the first quarter of 2022 in comparison to the results for the first three months of 2021.
UK players join forces to drill in North Sea later this year
i3 Energy and Europa have inked a farm-in deal for a sub-area of UKCS Licence P.2358 containing the Serenity discovery in the UK North Sea.
Wood boss to retire from the role after seven years
UK oilfield services provider Wood Plc has revealed that its CEO, Robin Watson, is retiring from the role.
Norwegian vessel operator promotes two to management team
Eidesvik has decided to fill COO and CTO roles by promoting internally to pursue further growth and position itself as a tech-savvy player.
Valaris rigs embarking on new assignments
Several offshore rigs owned by Valaris are embarking on their new assignments in the Gulf of Mexico, Mauritania, and Brazil.
Denmark to harvest full potential of North Sea to ensure independence from Russian fossil fuels
Denmark has decided to speed up its renewable energy production and temporarily boost its gas output from the North Sea fields.
ADES to take over jack-up rig from Maersk
Maersk Drilling has entered into an agreement with ADES to sell a jack-up rig for $42.5 million in an all-cash transaction.
With 50 years of operations under its belt, Ekofisk gets another life extension
Norwegian Ministry of Petroleum and Energy has extended ConocoPhillips’ production licenses in the Greater Ekofisk Area.
Recently-launched subsea cable producer signs UK Steel Charter
XLCC has signed the UK Steel Charter, committing to create a new export-led HVDC cable manufacturing industry for the UK. The UK Steel Charter aims to maximize opportunities for the UK economy and UK steel producers by encouraging and promoting measures that can be taken in relation to the procureme
TechnipFMC scores iEPCI contract for Maria revitalization project
TechnipFMC has won an integrated engineering, procurement, construction, and installation (iEPCI) contract by Wintershall Dea Norge for the Maria revitalization project in the Norwegian Continental Shelf. The revitalization project will tie in an additional lightweight six-slot integrated template s