Outlook & Strategy
European policymakers urged to adopt robust low-carbon hydrogen definition
Industry players and NGOs issued a joint letter calling on European policymakers to adopt a robust definition for low-carbon hydrogen.
Petoro awards AGR frame agreement for suite of services
Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group, with a frame agreement for the supply of independent consultancy and third-party verification studies across subsurface, drilling, and wells and field development. Petoro manages a direct financial stake in Norway’s oil and gas in
Greek TSO opens tender for submarine power cables
Greek electricity grid operator Independent Power Transmission Operator (IPTO) has launched a tender for submarine AC cable that would be used for Aegean Islands interconnectors. IPTO has launched the tendering process for the conclusion of a framework agreement regarding submarine AC cable for the
ABS comes on board BlueBARGE project
Classification society ABS has joined the BlueBARGE Project, a program funded by the Horizon Europe program that involves fourteen partners from ten European countries to develop a comprehensive solution for offshore electrical power bunkering.
Dutch 2012-built offshore support vessel getting ready for first UXO identification job
The 4-Winds offshore support vessel that recently commenced a long-term charter with Netherlands-headquartered N-Sea is getting ready for its first unexploded ordnance (UXO) identification job. N-Sea reported in November 2023 that it was strengthening its fleet and subsea activities by entering into
Oceaneering’s cable manufacturing facility granted Fit 4 Offshore Renewables status
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho
UK’s Industrial Doctorate Centre for Offshore Renewable Energy secures $7.5M funding
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh
New guidance to aid North Sea industry in managing CO2 storage sites
UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it
French firm launches hybrid ROV made for USV applications
Paris-headquartered provider of smart remotely operated vehicle (ROV) assets and services Forssea Robotics has introduced its newborn ROV developed for uncrewed surface vessel (USV) integration and shallow water deployments. According to Forssea Robotics, the ARGOS-X ROV has been optimized for offsh
MEPC 81 questions wisdom of ‘wait and see’ approach, UMAS says
The recent meeting of the International Maritime Organization’s (IMO) Maritime Environment Protection Committee (MEPC) has increased the commercial risk for those who adopt a ‘wait and see’ approach, University Maritime Advisory Services (UMAS) said.
CorPower Ocean joins EIC Scaling Club’s community
Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th
SLB buying majority ownership in Norwegian carbon capture company
American oilfield services company SLB is acquiring majority ownership in Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) as part of an agreement under which the two parties will combine their respective carbon capture businesses. SLB will pay NOK 4.12 billion (around $379.4 mil
Ocean Energy Europe appoints new leadership team
Ocean Energy Europe (OEE), a network of ocean energy professionals, has selected new Co-Presidents and Directors who will lead the ocean energy sector through a transitional period. The appointed Co-Presidents are Guillaume Gréau, Head of Business Development for HydroQuest, France, and Patrik Mölle
NSTA’s plan to reduce UKCS greenhouse gas emissions puts electrification in the spotlight
UK regulator North Sea Transition Authority (NSTA) has launched a new emissions reduction plan highlighting that action is required for production decarbonization, including action on flaring and venting and the electrification of oil & gas installations, to ensure the future of the industry and ach