Outlook & Strategy
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to
Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof
Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.
Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million
Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.
Green Marine UK joins C-Power in demonstrating autonomous offshore power system
Scotland’s Green Marine (UK) has joined the U.S.-based C-Power’s Partner Engagement and Co-development (PEC) program to advance autonomous offshore power systems (AOPS).
Bermuda-based player gives Oslo stock exchange a go
Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.
Topsoe, ABB and Fluor join forces for SOEC factory development in US
Topsoe, ABB and Fluor have formed an alliance to design a standardized concept for building Topsoe’s solid oxide electrolysis cells (SOEC) factory in Chesterfield, Virginia, U.S.
Marine Power Systems and Quoceant partner to advance Q-Connect in floating wind market
Welsh company Marine Power Systems (MPS) has joined Quoceant’s Offshore Wind Growth Partnership (OWGP) project to accelerate the development of Q-Connect technology into the floating offshore wind market.
Prysmian gives out €35M contract to expand submarine cable plant in Finland
Italian cabling giant Prysmian Group has awarded Finnish construction and development company YIT with a contract to build warehouse facilities at the production site for submarine cables in Kirkkonummi, Finland. Under the contract valued at approximately €35 million, YIT is in charge of the expansi
Norway and Singapore solidify green maritime collaboration
Maritime CleanTech and Ocean Hyway Cluster are partnering with Innovation Norway to enhance green maritime collaboration between Norway and Singapore.
Dutch thermoplastic composite pipe producer welcomes €20M investment to boost growth
SENCO Hydrogen Capital, a private equity firm focusing on investments across the hydrogen and energy-in-transition value chain, has invested €20 million in Dutch manufacturer of innovative pipeline technology Strohm to boost the company’s growth trajectory. Made shortly after the first closing of SE
Inyanga Marine and Verdant Morlais to work on 4.9 MW tidal stream energy project in Wales
Inyanga Marine Energy Group and Verdant Morlais Ltd (VML) have inked a memorandum of understanding (MoU) to deliver a 4.9 MW tidal stream energy project at Morlais in Wales.
Simply Blue Group secures land in Ireland for sustainable fuels project
Simply Blue Group has acquired land in Whitegate, adjacent to Ireland’s only oil refinery, as part of its plans to develop a renewable energy park to produce sustainable fuels.
Australian player’s assistance to bring BP millions in savings
BP has formed a strategic alliance with Australia’s Worley to streamline operations and improve organization across its global site projects.
Industry majors set in motion next phase of project that aims to cut reservoir monitoring costs
A number of industry partners have kicked off the next phase of the On Demand Ocean Bottom Node (OD OBN) development project which aims to provide a versatile, lower-cost, more resilient solution for time-lapse seismic and subsidence monitoring of producing reservoirs. The project, which began in 20