Business & Finance
Offshore project commitments poised for new record, Rystad says
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
Relationship with Hurricane ‘deteriorated dramatically’, investor says
Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, stated it would take “appropriate action” to maximise Hurricane’s potential.
UK sets up new floating wind funding scheme
The UK government is inviting parties to submit their interests in a new funding scheme to support the development of technologies and products for the floating offshore wind industry. The Floating Offshore Wind (FOW) Demonstration Programme seeks the best ideas across technology areas and the grant
BW Group, Miros form vessel performance optimization JV
Singapore-based gas shipping giant BW Group and technology company Miros are launching Miros Mocean, a joint venture focusing on optimizing vessel performance. The new company will combine BW Group’s maritime expertise with Miros’ radar technology providing precise data about the operating condition
DNV backs PGE in offshore wind negotiations with Ørsted
DNV has advised PGE Baltica on the setup of a joint venture with Ørsted dedicated to developing two offshore wind projects in the Polish Baltic Sea. DNV provided technical and commercial services related to setting up the joint venture for developing, building, and operating the 1.5 GW Baltica 2 and
Energy companies invest £1.6M in wave-powered demo for subsea projects
Scottish wave power company Mocean Energy and energy storage developer EC-OG have joined forces with Chrysaor, Modus, OGTC and Baker Hughes to build and demonstrate a wave-powered renewable energy system for running subsea equipment.
EnerMech scores eight new deals in UK
UK-based oilfield services provider EnerMech has won a string of new deals in the United Kingdom during the first months of 2021.
Eco Wave Power eyes Nasdaq US listing
Swedish-Israeli wave energy company Eco Wave Power has confidentially submitted a draft registration statement for the proposed listing on Nasdaq US stock exchange market.
Mitsui invests in Acorn carbon capture and storage project
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK.
DOF platform supplier to exit oil service after sale
DOF Rederi, a wholly-owned subsidiary of DOF ASA, has completed the sale of a platform supply vessel (PSV) to a Norwegian company.
NHV helicopters to support Allseas on pipeline project
NHV Group has been awarded a new contract with Allseas to provide helicopter services in support of the Energinet Europipe II Branch Pipeline project.
BP elects new head of UK business
Peter Mather, BP’s UK head of country and senior vice president for Europe, will leave BP at the end of the year and will be replaced by Louise Kingham.
Stena scores $180 million loan for E-Flexer ferries
Swedish-based international shipping company Stena has signed a $180 million loan agreement with KfW-Bank to finance two new E-Flexer RoPax ferries. The dup forms part of a series of nine new vessels ordered by Stena from China Merchants Jinling Shipyard (Weihai). The shipyard has already delivered
Jersey Oil & Gas reveals Greater Buchan Area concept
North Sea-focused Jersey Oil & Gas has revealed its preferred development concept for the Greater Buchan Area (GBA) development located off the coast of the UK.