Business & Finance
Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says
Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.
Orbital Marine Power launches €4.7 million crowdfunding campaign
Scottish tidal energy company Orbital Marine Power has launched a £4 million (€4.7 million) crowdfunding campaign on Abundance Investment platform to take its business to the next stage.
European offshore wind operator hires TSC Subsea
NDT inspections specialist TSC Subsea has won a contract with an offshore wind operator in Europe to deliver a subsea diverless weld inspection campaign. TSC Subsea stated that the contract has been signed with a “leading” European offshore wind operator for work off the coast of Germany. The underw
Heerema CEO heading out after almost 10 years with company
CEO of Heerema Fabrication Group and Heerema Marine Contractors has announced his departure from the role at the end of this month.
Venture Global LNG takes FID on Plaquemines LNG project
Venture Global LNG has announced a FID and closing of the $13.2 bln financing for the Plaquemines LNG facility and the associated pipeline.
UK regulator’s report signals bright outlook for supply chain with $6.3 bln of work in the pipeline
The UK regulator has revealed a report, which highlights a positive outlook for the supply chain with around $6.3 bln of work in the works.
EU sets up new task force as tool for getting rid of Russian fossil fuels
The EC has established a new task force to support and implement the REPowerEU goal of energy supply diversification.
Survey to begin at largest Irish offshore wind farm in June
A geotechnical survey will begin at the Codling offshore wind farm in Ireland at the beginning of June as part of the consenting process for the project. Operations are expected to commence on 6 June at the earliest and are likely to finish on 4 July, weather permitting. The works will consist of a
New Zealand investing in sustainable coastal shipping to achieve decarbonisation goals
The New Zealand government has committed $30 million of funding for coastal shipping through the National Land Transport Programme (NLTP) to improve domestic shipping services, reduce emissions, improve efficiency and upgrade maritime infrastructure.
SIMEC Atlantis requests one year extension to repay tidal power debts
Edinburgh-based tidal energy developer SIMEC Atlantis Energy has issued a request to amend the debenture deed with Abundance Investment, seeking one year extension for the repayment.
Spain’s Iberdrola to invest $3.2 bln in green hydrogen
Spanish clean energy company Iberdrola said it will invest €3 billion ($3.2 b) in green hydrogen to accelerate the European Green Deal.
German Chancellor’s Africa tour seen as critical step to energy security
Following German Chancellor’s Africa tour, the African Energy Chamber believes it to be a critical step towards achieving energy security.
Aker Solutions subsea production system for Halten East development
Aker Solutions has won a contract from Equinor to deliver the subsea production system for the Halten East development offshore Norway. The development concept is a subsea tie-back to the Åsgard B platform using existing facilities and infrastructure. The discoveries consist of gas and condensate. A
Prosafe lands another four-year deal in Brazil
Prosafe has been awarded a contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel for support offshore Brazil.