Business & Finance
Welsh investment angels deliver £950K boost for Marine Power Systems
A syndicate of significant Welsh investment angels has completed a £950,000 investment in Swansea-based renewable energy developer Marine Power Systems.
Archer to work on P&A campaign for Wintershall Dea
Offshore services provider Archer has been awarded a plug and abandonment campaign in 2021 and 2022 by Wintershall Dea.
Kanfer Shipping orders two LNG bunker vessels from Taizhou Yard
Norwegian shipping company Kanfer Shipping AS has signed a contract with China-based Taizhou Wuzhou Shipbuilding Industry for the construction of its first two small-scale LNG bunker and distribution ships. The order for the 6,000 cbm LNG bunkering pair comes on the back of a Letter of Intent (LoI)
Equinor awards well intervention gig to Maersk rig
Equinor has exercised an option to add well intervention work at the Martin Linge to the previously agreed work scope for Maersk Intrepid.
Dutch court orders Shell to curb emissions in ‘historic ruling’
A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal
Equinor adds third Odfjell rig to drilling fleet
Equinor has awarded a drilling contract to Odfjell Drilling for the use of the sixth-generation semi-submersible rig Deepsea Stavanger.
Engie cuts stake in LNG tech specialist GTT
French energy major Engie has sold a 10 per cent share in its compatriot LNG containment specialist GTT at a price of €290 million ($354.9 million).
ABB and Equinor implementing digital monitoring on North Sea platform
ABB has begun a pilot project with Norway’s oil giant Equinor at the Gina Krog platform, which is located in the North Sea.
Yavin Four Consultants expands European presence
Engineering consultancy for offshore renewable energy Yavin Four Consultants (Y4) has established a new base in Italy and appointed Michele Martini as its senior engineer in charge of Italian operations.
Orkney transmission link could bring in £807M to local economy
A new electricity transmission link between Orkney and the Scottish mainland could be worth £807 million to Orkney economy if the wave and tidal energy industry makes use of the cable too, according to a study into the potential value of the cable.
JX Nippon looking to sell UK North Sea assets for $1.5 bln
Japan’s JX Nippon has decided to sell its oil and gas assets in the UK North Sea including its stakes in several biggest fields in the region.
Transmission charges a threat to UK green energy industry – Report
Britain’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes, new research has shown. Electricity generators in the UK pay transmission charges for the cost of
UK Energy Minister: Underwater industry ‘hugely important asset’ for UK
The underwater industry is a hugely important asset for the UK, creating highly skilled jobs, driving economic growth and helping to level up across the country, UK Energy Minister Anne-Marie Trevelyan said at a recent Subsea UK event.
Hendrik Veder backs Saipem at Baltic Pipe project
Hendrik Veder Group has won a contract to help Saipem refurbish its lifting equipment and reuse it during work at the Baltic Pipe project. The 275-kilometre gas pipeline will be laid on the seabed, traversing the maritime zones of Denmark, Poland and Sweden, and will require around 23,000 segments o