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Illustration/Marmok-A5 wave energy device deployed off Basque Country (Courtesy of Ente Vasco de la Energia)

Outlook & Strategy

Spain launches €240 million call for marine renewable energy pilots and infrastructure development

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has opened a €240 million call for the development of marine renewable energy pilot projects, test platforms and associated infrastructure.

about 3 years ago

Outlook & Strategy

While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’

ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.

about 3 years ago

Ofgem OKs transmission investments needed for UK's 50GW by 2030 offshore wind target

Outlook & Strategy

Ofgem OKs transmission investments needed for UK’s 2030 offshore wind target

Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro

about 3 years ago

Outlook & Strategy

Sembcorp Marine delivers second 8th generation drillship to Transocean

Sembcorp Marine has completed the delivery of the Deepwater Titan drillship, the world’s second 8th-generation drillship, to Transocean’s subsidiary Triton Titan. Following the delivery, Deepwater Titan is scheduled for deployment on a five-year contract in the U.S. Gulf of Mexico. According to Semb

about 3 years ago

Outlook & Strategy

Argeo secures €1.9M loan, sees ‘increasing amount of contract opportunities’

Norwegian marine survey contractor Argeo has secured a loan of NOK 20 million (approximately €1.9 million) from Innovation Norway. According to Argeo, the yield is 6,2 per cent, the duration is six years and the loan is on certain conditions. The company has not disclosed any other details. “We are

about 3 years ago

Outlook & Strategy

TotalEnergies stays in Gabon for another 25 years

TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of

about 3 years ago

Outlook & Strategy

Novel monitoring technology undergoing tests at Danish CO2 storage project

A new monitoring technology that is said to ensure more frequent checks of the future CO2 storage and results in less impact on the environment is currently being tested for Project Greensand in the North Sea. Magseis Fairfield reported last week that it had mobilized its MASS III nodes and modular

about 3 years ago

Outlook & Strategy

Neptune Energy, Ørsted explore powering North Sea energy hubs with offshore wind

Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to s

about 3 years ago

Norwegian oil and gas player enters North Sea license with 50% interest

Outlook & Strategy

Norway’s oil and gas player enters North Sea license with 50% interest

Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into the Brasse license in the northern North Sea. The aim of the partnership is to undertake a fast-track, low-cost review to assess whether a value accretive development concept can

about 3 years ago

OceanEnergy's OE35 wave energy device (Courtesy of WEDUSEA project)

Outlook & Strategy

Op-ed: Tony Lewis on the exciting potential of wave energy

In an op-ed piece, Tony Lewis, chief technology officer at OceanEnergy, sheds more light on the potential of wave energy and the expectations from the WEDUSEA project, being coordinated by the Ireland-based company.

about 3 years ago

Outlook & Strategy

Tyra II hook-up and commissioning one step closer

The crane on the process module at Tyra II has been put into permanent use, representing a milestone in the hook-up and commissioning campaign of the field redevelopment project in the Danish North Sea. Norwegian Energy Company (Noreco) reported on 23 December that the crane on the process module (T

about 3 years ago

Outlook & Strategy

Steel cut for Maersk’s 16,200 TEU methanol-fuelled boxship

Container shipping major Maersk has launched the construction of its 16,200 TEU dual-fuel containerships that can run on green methanol. Namely, South Korean shipbuilder Hyundai Heavy Industries hosted a steel-cutting ceremony for what is believed to be the first vessel from the series on November 2

about 3 years ago

After years of upgrading, Norwegian field back on stream

Outlook & Strategy

After years of upgrades, Norwegian field back on stream

The Njord field in the Norwegian Sea has commenced production again, following an extensive six-year upgrade of the platform and the floating storage and offloading vessel (FSO). Production from the Njord field resumed at 16:30 on 27 December, extending the planned field life for another 20 years. C

about 3 years ago

Outlook & Strategy

Fjord Line to convert LNG-powered ships to dual-fuel LNG/MGO due to high prices

Due to increases in the liquefied natural gas (LNG) fuel costs and a “non-sustainable financial situation”, Norwegian ferry company Fjord Line has decided to rebuild its two ships from LNG-only engines to dual-fuel LNG / marine gas oil (MGO) engines. “The energy crisis, caused by the Russian invasio

about 3 years ago