Business & Finance
UK Prime Minister: Offshore wind to power every home by 2030
UK Prime Minister Boris Johnson has set out commitments to ensure that offshore wind will produce more than enough electricity to power every home in the country by 2030, based on current electricity usage, boosting the government’s previous 30 GW target to 40 GW. The commitments, part of the Build
Port of Antwerp: CO2 reduction project wins EU funding
The Antwerp@C consortium has won EU funding for a project that aims to study and develop CO2 infrastructure in the Port of Antwerp.
J+S Subsea welcomes back Reid as managing director
Aberdeen-based subsea controls company J+S Subsea has appointed Phil Reid as its first managing director. The company has also expanded its leadership team with industry stalwart Doug Sedge joining its board as a non-executive director. The firm launched in September following a management buyout fr
Premier Oil and Chrysaor to merge in largest independent oil & gas player on LSE
Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor.
Odfjell eyes major drilling & completion job with Equinor
Equinor has awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project in the North Sea with Deepsea Aberdeen rig.
IOG gives up on Deltic Energy takeover plans
Independent Oil & Gas (IOG) has given up on its plan to acquire its compatriot oil and gas player Deltic Energy, formerly known as Cluff Natural Resources.
Wave energy crew inks deal for power-desal prototype trials
The Wave to Energy and Water (W2EW) project consortium has signed an agreement to test a wave energy prototype at the PLOCAN test site off Canary Islands in Spain.
Finnlines secures loan for hybrid RoRo newbuilds
Finnish ferry operator Finnlines, part of the Italian Grimaldi Group, has secured a loan of EUR 30 million (about $35 million) to finance the acquisition of its three new hybrid cargo vessels.
Equinor and Polenergia start gauging Polish offshore wind supply chain potential
Polenergia S.A. and Equinor have started preparations to develop the supply chain for the two offshore wind projects in the Polish Baltic Sea with a combined capacity of 1.44 GW. Polenergia and Equinor hold 50 per cent stakes each in MFW Bałtyk II Sp. z o.o. and MFW Bałtyk III Sp. z o.o., the specia
SAL Heavy Lift takes major stake in Intermarine
Heavy lift shipping major SAL Heavy Lift has acquired a major stake in Intermarine, paving the way to expand its business in the Americas. As informed, Intermarine will continue trading as an independent brand within the SAL Heavy Lift Group. The two will be joining forces within the Americas and cr
North Sea Wind Power Hub gets €14 million EU grant
The European Commission is investing €14 million in the North Sea Wind Power Hub (NSWPH) program. The financing will be used to carry out a study to support the development of the project. Consortium partners behind the NSWPH, Gasunie, TenneT Netherlands, TenneT Germany, and Energinet have joined to
EEL Energy expands team
French tidal energy developer EEL Energy has grown its team with several new appointments.
Lundin makes a deal to buy Barents Sea assets from Idemitsu
Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway.
UK subsea players remain cautiously optimistic
SMEs operating in the UK’s £7.8-billion subsea supply chain are cautiously optimistic about the next six to twelve months, according to the findings published today by the industry body Subsea UK. Subsea UK recently surveyed its smaller member companies to find out how they were dealing with the fal