Business & Finance
Orcadian moving on with development plan for North Sea field as OGA okays concept
Orcadian has received no objection from the OGA for the development concept designed for the Pilot field in the North Sea.
Lundin’s Norwegian branch to get new managing director
Lundin Energy Norway has revealed a new managing director will take over the position next year, as the current one intends to step down.
Floatel expects modest utilisation levels for accommodation fleet
Floatel expects the overall utilisation of the accommodation fleet to remain at modest levels in the near term.
EBRD supports eco-friendly expansion of Turkish port
The European Bank for Reconstruction and Development (EBRD) has provided an $8.5 million loan for an environmentally friendly expansion of the Altintel Port in western Turkey.
Italian TSO awards major cable contracts for new subsea interconnector
Italian transmission system operator (TSO) Terna has awarded Prysmian and Nexans with contracts for the supply of cables for the Tyrrhenian Link that will connect Sicily with Sardinia and the Italian peninsula.
Nord Stream 2 is Merkel’s biggest mistake, says ex-EU Council president
The decision to build the Nord Stream 2 gas pipeline was the biggest mistake of Germany’s Chancellor Angela Merkel, Polish news outlet PAP reported the former president of the European Council Donald Tusk as saying at a recent conference.
ESA approves Norwegian aid for zero-emission hydrogen ships
The EFTA Surveillance Authority (ESA) has approved NOK 219 million ($24.18 million) in Norwegian state aid for the purchase of two zero-emission hydrogen vessels being developed under the Topeka Nattruten project.
BP loads 1000th tanker of crude oil at Black Sea terminal
The BP-operated Western Route Export Pipeline has loaded the 1000th tanker at the Supsa terminal on the Black Sea.
UK government sets up safety net for Horizon Europe applicants
The UK government has established a new financial safety net to provide certainty for successful Horizon Europe applicants as UK’s efforts to associate with the EU’s key funding programme for research and innovation continue.
£158 million redress to be paid for Western Link delay
National Grid Electricity Transmission (NGET) and Scottish Power Transmission (SPT) have agreed to pay a redress package of £158 million for delays to the Western Link Project, following an investigation by energy regulator Ofgem.
Eni and CNR prolong partnership to tackle energy transition challenges
Eni and the CNR have extended their collaboration to navigate the challenges imposed by the energy transition.
Wallenius Wilhelmsen elects new CEO
Oslo-headquartered shipping company Wallenius Wilhelmsen has named Lasse Kristoffersen as the new chief executive officer (CEO).
CNOOC fires up Buzzard expansion project in North Sea
CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Equinor to exit Ireland after $434 million Corrib sale
Equinor will no longer have a business presence in Ireland following the sale of its equity position in the Corrib gas project to Vermillion.