Business & Finance
Ocean Energy Europe: UK sets strong example with first-ever tidal stream auction winners
Ocean Energy Europe has applauded the results of the fourth UK government’s renewables auction, stating that tidal energy can now take its rightful place in the UK’s mainstream electricity supply and calling for EU to follow suit.
BP selects Stena drillship to drill Canadian well
Offshore drilling contractor Stena Drilling has secured a new drilling contract from BP for operations offshore Canada.
MeyGen set for additional 28MW of tidal energy
SIMEC Atlantis Energy has secured UK government support to deliver the next phase of one of the world’s leading tidal power schemes – the MeyGen tidal energy project.
Petrofac put in charge of operations services on Ghanaian field
Petrofac has been selected by Tullow Oil to provide operations services for the Jubilee offshore development in Ghana, West Africa.
Yinson orders MAN technology for Brazil-bound FPSO
MAN Energy Solutions has been hired by Yinson to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil.
Orbital Marine Power secures revenue support for 7.2MW tidal energy projects
Scottish floating tidal energy company Orbital Marine Power has been awarded two contracts for difference (CfDs) in the latest renewable energy auction scheme in the UK.
UK’s fourth contracts for difference round awards over 40MW of new tidal power capacity
The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.
UK secures 7 GW of new offshore wind, awards CfD to world’s single biggest OWF
The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of £37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single biggest
UK to add almost 11GW of clean energy capacity as it moves away from fossil fuels
The biggest ever round of UK government’s flagship renewables auction scheme has secured record capacity of almost 11GW of clean energy, to be delivered across a range of clean technologies, including offshore wind, solar, onshore wind, and for the first time ever – floating wind and tidal energy.
Norwegian govt puts an end to oil & gas workers’ strike to prevent output loss
The Norwegian government has decided to step in to avoid further loss of oil & gas production after offshore workers went on a strike.
Centurion combines businesses to create subsea services provider
Centurion Group has combined its Aberdeen-based businesses Aleron and Seanic UK to form Centurion Subsea Services (CSS). Centurion Subsea Services is said to provide specialist subsea equipment and engineering services to the energy, renewables, decommissioning and subsea construction industries. T
Solstad offloads yet another vessel
Solstad Offshore has sold another platform supply vessel (PSV) to a buyer, whose identity has not been revealed.
Drop in recoverable oil resources could deal major blow to energy security, Rystad says
The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.
Norway to spearhead oil & gas electrification helm for years to come, forecasts Westwood
Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects.