Business & Finance
Electrification with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals
The NSTA has found that electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87%.
Subsea 7 targets better offshore wind foothold in South Korea with new office
Subsea 7 has opened a new office in Seoul, South Korea, as it aims to better support the local offshore wind market. According to Subsea 7, South Korea is emerging to be an important market for both fixed and floating offshore wind and the move is set to support the country in achieving its ambitiou
Banking on renewable energy, Norway outlines roadmap to turn into ‘green industrial giant’
The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.
CETO wave energy device completes tank testing
Carnegie Clean Energy has completed the three-week tank testing campaign of its CETO wave energy device as part of the first phase of the EuropeWave Pre-Procurement Programme.
Belgian TSO takes up autonomous surface vehicle inspection (Video)
Belgian transmission system operator (TSO) Elia has for the first time used an autonomous, unmanned surface vehicle (USV) to survey its offshore assets. The USV named Tupan, owned and developed by Brazilian start-up Tidewise, inspected Elia’s subsea cables to the Modular Offshore Grid (MOG) in the B
Two players join forces to research carbon capture and global supply chain
American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.
MMA Offshore eyes new markets with latest acquisition
MMA Offshore has entered into an agreement to acquire Subcon International, a Perth-headquartered provider of stabilization, coastal erosion and engineered reef solutions to the oil and gas, offshore wind and coastal infrastructure sectors. The acquisition is said to be in line with MMA’s purpose an
Oil output on the decline as Norway records slightly higher gas production in May
Norway saw a small increase in gas production while its oil output dropped below NPD’s predications for the third month in a row.
Spud date for exploration well off South Africa draws near
Eco (Atlantic) Oil & Gas and its partners are planning to start drilling an exploration well offshore South Africa in the third quarter of this year.
Danish govt to hold co-ownership in future CO2 storage licenses under new political deal
The Danish government has signed a new political agreement with eight parties which implies that it will have a 20% co-ownership in future carbon storage licenses in the North Sea. Danish parties Venstre, Socialistisk Folkeparti, Radikale Venstre, Enhedslisten, Det Konservative Folkeparti, Dansk Fol
ESL Shipping receives $21M for electric hybrid vessels
Finnish shipping company ESL Shipping, part of Aspo, has signed a €20 million ($21 million) loan agreement with Nordic Investment Bank (NIB).
Fresh exploration well on the cards for Namibia’s deep waters
Galp has secured an extension for an exploration licence located offshore Namibia close to Shell’s Graff and TotalEnergies’ Venus discoveries.
Over $1 million for US micro-sized autonomous underwater vehicles
Rhode Island-based Jaia Robotics has raised more than $1 million in seed funding that will be used for its micro-sized autonomous underwater vehicles (AUVs). Jaia Robotics, founded in 2020, specializes in developing what are said to be low-cost, high-speed, micro-sized configurable autonomous marine
TotalEnergies’ latest flow test in Suriname to shape future activity
TotalEnergies and its partner APA Corporation have completed a flow test on an exploration well in Block 58 offshore Suriname.