Outlook & Strategy
OEUK pushes for UK carbon capture funding amid budget concerns
Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR
Offshore survey on schedule for UK’s first carbon storage permit
A geophysical offshore survey is scheduled to start next month at the first-ever carbon storage permit in the UK, being developed by a joint venture between BP, Equinor and TotalEnergies. The geophysical offshore survey for the Northern Endurance Project (NEP) is expected to begin on March 4, taking
New partnership looking into sustainable propulsion technologies
Dutch ship design company AURELIA has partnered up with compatriot nonprofit environmental engineering organization The Ocean Cleanup to conduct a feasibility study on innovative propulsion systems.
1.1 MW tidal turbine hits the water in Japan’s Naru Strait (Gallery)
UK-based tidal energy company Proteus Marine Renewables (PMR) has installed a megawatt-scale tidal turbine in the Naru Strait, Japan, making it “the first to operate such devices in two countries”. According to PMR, the AR1100 turbine is expected to generate 1.1 MW of power, supporting the decarboni
Scottish submarine cable factory starts taking shape
The first batch of structural steel for Sumitomo Electric’s submarine cable manufacturing facility at the Port of Nigg in Scotland, set to form the backbone of the factory and warehouse structure, has arrived at the site. Sumitomo started the construction of what is said to be the UK’s first HVDC ca
New UXO contractor to support offshore wind and marine energy projects
British-owned Pritchard-Gordon Group has expanded into the European offshore wind and marine energy sectors with the launch of PG Renewables, a company focused on offshore and nearshore unexploded ordnance (UXO) clearance. According to the Pritchard-Gordon Group, PG Renewables aims to support offsho
Uniper and Kyuden eye joint hydrogen and ammonia opportunities
Uniper and Kyuden International have signed a memorandum of understanding (MoU) to explore collaboration in hydrogen and ammonia, renewable energy and carbon capture utilization and storage (CCUS).
Norwegian firm to assess carbon storage potential in Australia’s offshore basin
Norway-based energy data and intelligence company TGS and Australian commercial-scale carbon capture and storage (CCS) project developer and operator deepC Store have joined forces on carbon storage assessment in the Browse Basin offshore Australia. The partners entered into an agreement to carry ou
Liquid Wind to develop another e-fuel facility in Sweden
Swedish e-fuel plant developer Liquid Wind has announced a new e-fuel facility project in Sweden.
Ocean Installer extends charter of multi-purpose offshore construction vessel
Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has extended its charter agreement with compatriot North Sea Shipping for an advanced multi-purpose offshore construction vessel. Ocean Installer announced it had executed an 18-month option, extending the
Industry welcomes report on almost $10B potential of Scotland’s wave and tidal energy
Industry players have welcomed a new report that highlights the potential of Scotland’s wave and tidal energy sector to generate up to £8 billion (almost $10 billion) for the economy by 2050, supporting more than 15,000 direct jobs and driving investment in coastal communities. Commissioned by Highl
First CO2 injection offshore UK starts paving the way for permanent storage
Perenco UK and Carbon Catalyst Limited have kicked off the UK’s first-ever CO2 injection test, carried out at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. As part of Project Poseidon, the test includes CO2 being inj
Gneiss: More UK production, fewer LNG imports key to meeting demand and keeping emissions at bay post-2030
Gneiss Energy, a UK-based strategic and corporate finance advisory firm operating within the energy and natural resources sectors, has published a report on the potential negative effects the UK’s gas policy discouraging investments in local gas production could have on the environment and supply.
DNV completes independent review of Minesto’s Dragon-class technology
Norway-based classification society DNV has completed an independent technical review of Minesto’s Dragon-class technology, reinforcing the investment case for its planned 10 MW array in the Faroe Islands. The assessment, initiated in the autumn of 2024, evaluated the energy conversion performance,