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Collaboration

European energy ministers agree to cap gas prices

European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title

about 3 years ago

Floating solar unit at Banja reservoir, with mooring prepared for three additional rings (Courtesy of Ocean Sun)

Collaboration

Ocean Sun gets government grant to advance floating solar technology

Norwegian company Ocean Sun has received a grant from the Research Council of Norway to further develop its floating solar technology.

about 3 years ago

Collaboration

Norway and France forge ties on carbon capture and storage

The governments of Norway and France have signed a letter of intent (LoI) to cooperate on the development and deployment of carbon capture and storage (CCS). The aim of the agreement is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate

about 3 years ago

Collaboration

Serica Energy buying North Sea operator in £367 million deal

UK-based oil and gas company Serica Energy has entered into an agreement with compatriot Tailwind Energy Holdings to acquire the entire issued share capital of Tailwind Energy Investments in a deal worth approximately £367 million. The consideration for the acquisition comprises the issue of up to 1

about 3 years ago

Collaboration

K Line hires CO2 carrier newbuilds intended for world’s 1st full-scale CCS project

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has entered into bareboat and time charter contracts with Northern Lights JV DA for two 7,500 m3 liquefied CO2 ships under construction in China. China’s Dalian Shipbuilding Industry Co. (DSIC) launched the construction of the two LNG-powered, w

about 3 years ago

Illustration/Tank testing model of a floating tidal energy turbine developed by Orbital Marine Power, one of the partners in the TIGER project (Courtesy of TIGER project)

Collaboration

Researchers roll out tool for streamlined tidal turbine life cycle assessment

Researchers from the University of Exeter have developed a new tool to streamline the life cycle assessment of tidal turbine deployments.

about 3 years ago

INTOG leasing illustration (Courtesy of Crown Estate Scotland)

Collaboration

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago

Plans unveiled for $20.4 billion investments in ten oil & gas projects

Collaboration

Plans unveiled for investments of $20.4 billion in ten oil & gas projects

Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.

about 3 years ago

Collaboration

Lhyfe and Schaeffler enter multi-deal partnership, hydrogen included

German automotive and industrial supplier Schaeffler has signed a letter of intent (LOI) with French hydrogen producer Lhyfe that includes a technology partnership, green hydrogen, and a 15 MW industrial electrolysis plant in Herzogenaurach, Germany. The first part of the agreement is in regard to g

about 3 years ago

Collaboration

FFI and Azerbaijan exploring green hydrogen projects

Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, and the Ministry of Energy of the Republic of Azerbaijan have signed a framework agreement to jointly study and develop potential green hydrogen and renewable energy projects in Azerbaijan. The agr

about 3 years ago

Illustration/WaveEL wave energy system (Photograph courtesy of Waves4Power AB, Sweden)

Collaboration

Waves4Power signs deal to develop wave energy parks offshore Indonesia

Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.

about 3 years ago

Collaboration

Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain

“We are looking at a market today that is immense. It is new and unprecedented when you look at the numbers. Floating wind is expected to be, in 2050, bigger than fixed offshore wind. But we got some catching up to do, and catching up to be done is really in the supply chain”, GustoMSC’s […]

about 3 years ago

Collaboration

Global Maritime wraps up marine warranty survey for wave energy scheme in Portugal

Global Maritime has provided marine warranty survey (MWS) services for CorPower Ocean’s HiWave-5 grid-connected wave energy project.

about 3 years ago

Collaboration

Oil & gas players pursuing electrification in Norwegian Sea to curb emissions

OKEA and Equinor in collaboration with license partners have set the wheels into motion to electrify the Draugen field and Njord A platforms.

about 3 years ago