Business & Finance
Baltic Pipe to restart paused construction as it obtains new environmental permit
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
Date set for Dogger Bank A export cable pre-lay survey
Survey vessel Geo Ranger is set to begin a geophysical pre-lay survey along the export cable corridor at the Dogger Bank A offshore wind project in mid-March. The activities are planned to begin on 13 March and end on approximately 18 March. They will be carried out on a continuous basis, 24 hours a
After BP and Equinor, Shell ditching Russian business and TotalEnergies withholding capital from new projects
Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia’s attack on Ukraine.
Dutch 2007-built offshore wind farm to undergo cable switch
Jan De Nul has awarded Correll Group with a contract for the replacement of an inter-array cable at the Princess Amalia offshore wind farm in the Netherlands. According to Correll, this is a turnkey project using the company’s termination, testing and cable pull-in services. “We are delighted to hav
Eco Wave Power enters 2022 poised for ‘rapid and material progress’
Swedish-Israeli wave energy company Eco Wave Power has released its financial report for 2021, showing a wider net loss, but also an increase in revenues when compared to a year before.
UK’s underwater industry to create 180,000 new jobs by 2035
The UK’s underwater industry will create an estimated 180,000 new jobs and around £20 billion or more in exports by 2035, according to the Global Underwater Hub (GUH). GUH’s recent survey of the sector revealed that almost 90% of subsea companies expect to recruit in the next 12 months, with a longe
Serica shuts down North Sea field over subsea control module issues
Serica has stopped production from a field located in the UK North Sea for repair and replacement following a subsea control module issue.
Peterson to keep on supporting Shell’s North Sea operations
Peterson has inked a new contract with Shell for the provision of integrated logistics across energy major’s Southern North Sea assets.
Oilex awaits licence for carbon capture and storage project in UK
Australia-based Oilex is hoping to get a licence from the UK authorities, which would enable it to move forward with its CCS project in the UK.
BP to get rid of its interest in Russia’s Rosneft and Equinor to exit Russian JVs
BP has decided to exit its shareholding in Russia’s Rosneft while Equinor has moved to exit its JVs in Russia.
Germany to break free from Russian gas with two LNG terminals
Germany has revealed plans to build two liquefied natural gas (LNG) terminals in the near future in an effort to reduce its dependence on Russian gas.
Nordic Hydrogen Partnership gets Nordic Innovation financing
The Nordic Hydrogen Partnership (NHP) has been granted financing by Nordic Innovation, extending its hydrogen collaboration project in the Nordic countries.
Germans launch participation procedure for subsea power link to Sweden
Germany’s Federal Maritime and Hydrographic Agency (BSH) has launched the participation procedure for the German continental shelf section of the Hansa PowerBridge subsea cable project. BSH is now accepting submissions from public interest representatives as part of the participation procedure for t
Eco Wave Power to apply for stock exchange delisting
Eco Wave Power has informed it plans to apply for delisting from Nasdaq First North Growth Market, shifting the attention to the Nasdaq Capital Market in the United States.