Business & Finance
Wood Mackenzie outlines scenarios for Europe as stability of Russian gas flows ‘remains uncertain’
The stability of Russian gas flows to Europe remains uncertain, despite the reopening of the Nord Stream 1 pipeline, as further disruptions are expected as winter approaches, Wood Mackenzie stated, outlining two potential scenarios. Nord Stream restarted gas transmission yesterday, 21 July, after a
Woodside abandons Sangomar sale plans
Woodside has abandoned its previous plans related to the sell-down of equity interest in its operated Sangomar project located off Senegal.
Wärtsilä officially exits Russian market
Finnish marine and energy technology group Wärtsilä has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022.
Wavepiston secures €600K in investment commitments
Danish company Wavepiston has through its ongoing capital raise secured €600,000 in investment commitments that will be used to further advance its wave energy technology.
Zodiac Maritime, others invest in TES to accelerate energy transition
Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million).
15 banks secure financing for SBM Offshore’s largest FPSO so far
Dutch FPSO operator SBM Offshore has completed the project financing for its largest FPSO so far, which will work for ExxonMobil off Guyana.
Norwegian authorities expect up to 40 exploration wells this year
Norway has recorded a high level of exploration activity in the first half of 2022, which has led to six discoveries so far.
Norway’s giant renovation project moves closer to finish line as refurbished storage vessel heads offshore
With another major milestone achieved, Norway’s energy giant Equinor has moved closer to re-starting production at its operated Njord field offshore Norway.
Spain floats €200M grant program plan for marine renewable energy pilots
Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has drafted a plan for four aid programs totaling €200 million, designed to boost investment in pilot projects, test platforms, and port infrastructure for marine renewable energy.
Chevron targets year-end for delivery of development concept for Cyprus gas field
Chevron plans to deliver an optimised development concept for the Aphrodite gas field located offshore Cyprus to the country’s authorities.
UK decom specialist lands 14-well job with European operator
Well-Safe Solutions has inked a new decommissioning deal on the UK Continental Shelf (UKCS) with an undisclosed European operator.
Russian gas flowing to Europe again as Nord Stream 1 restarts
The Nord Stream 1 pipeline has resumed gas transmission from Russia to Europe after ten days of being shut down due to annual maintenance works. Both lines of the gas pipeline system were shut down on 11 July for routine maintenance works, including testing of mechanical elements and automation syst
North Sea well comes up dry for Wintershall Dea
Oil and gas company Wintershall Dea has found no hydrocarbons in the Brage South exploration well located in the North Sea off Norway.
First UK-Germany energy link reaches financial close
The €2.8 billion NeuConnect project, the first ever energy link between the UK and Germany, has reached financial close, allowing work to begin later this year.