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Regulation & Policy

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Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios
Regulation & Policy

Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. This is the nec

about 2 months ago
Illustration; Source: North Sea Transition Authority (NSTA)
Regulation & Policy
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North Sea well interventions unlock multi-million-barrel boost as exploration drilling dries up

The UK’s offshore energy regulator, the North Sea Transition Authority (NSTA), has revealed that 56 North Sea wells returned to production last year, with more cost-efficient well interventions helping operators deliver 16 million barrels of oil (boe) from shut-in wells on the UK Continental Shelf (

about 2 months ago
FPSO Western Isles; Source: NEO Energy
Regulation & Policy

License alignment buys time to pick production solution for new UK North Sea oil hub

As the UK regulator has decided to prolong a license in alignment with another one in the area to pave the way for an integrated development plan, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to contemplate all ava

about 2 months ago
Hellenic Cables earns qualification for 525 kV HVDC XLPE cable systems
Regulation & Policy

Hellenic Cables earns qualification for 525 kV HVDC XLPE cable systems

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has achieved qualification of its 525 kV HVDC XLPE cable systems for both submarine and underground applications. The qualification covers cable systems designed for continuous operation at 80°C using XLPE insulatio

about 2 months ago
Illustration; Source: Saipem
Regulation & Policy

Saipem’s merger with Subsea7 clears crucial US antitrust hurdle

Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market

about 2 months ago
760-kilometer UK-Germany interconnector gets new owners, construction start expected in 2030
Regulation & Policy

760-kilometer UK-Germany interconnector gets new owners, construction start expected in 2030

Canada Pension Plan Investment Board (CPP Investments) and Elia Group, through its international development platform WindGrid, have acquired a subsea interconnector project that will link the UK and Germany from Copenhagen Infrastructure V, managed by Copenhagen Infrastructure Partners (CIP). Appro

about 2 months ago
Serica Energy wins race for Pharos Energy with €170 million takeover agreement
Regulation & Policy

Serica Energy wins race for Pharos Energy with €170 million takeover agreement

UK-based upstream oil & gas player Serica Energy has agreed to acquire compatriot Pharos Energy for £145.7 million (more than €170 million), with Pharos to withdraw its recommendation for an offer from Israeli Ratio Petroleum. The acquisition is said to be consistent with Serica Energy’s long-standi

about 2 months ago
UK CO2 storage project that will reuse existing infrastructure secures lease
Regulation & Policy

UK CO2 storage project that will reuse existing infrastructure secures lease

Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo

about 2 months ago
Illustration; Source: Saipem
Regulation & Policy

Saipem-Subsea7 merger under the microscope as EU flags competition concerns

A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and s

about 3 months ago
Bureau Veritas approves UK firm’s wind-assisted propulsion technology
Regulation & Policy

Bureau Veritas approves UK firm’s wind-assisted propulsion technology

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has secured design assessment certificates from classification society Bureau Veritas covering several versions of its Rotor Sail technology. The approvals cover the fixed and rail-deployed 3.5m x 24.5m Rotor Sails, including EX-r

about 3 months ago
DNV awards world’s first certification for wave energy technology
Regulation & Policy

DNV awards world’s first certification for wave energy technology

Independent assurance and certification body DNV has awarded what is said to be the world’s first prototype certificate for a wave energy converter (WEC). CorPower Ocean’s C4 WEC has been certified under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verificat

about 3 months ago
Novatek changes its management board composition
Regulation & Policy

101 European lawmakers urge Danish shipyard to cut its ties with Russia’s Arctic LNG fleet

A cross-party coalition from 16 countries across Europe has called on the last shipyard in the European Union (EU) still servicing the specialized ice-class Arc7 tankers that are perceived to be vital to transporting Russia’s Arctic liquefied natural gas (LNG) exports to end its maintenance of these

about 3 months ago
LNG vessel; Source: GTT
Regulation & Policy

GTT’s new LR-approved NO96 criteria expand LNG carrier design flexibility

French technological containment specialist Gaztransport & Technigaz (GTT) has secured the green light from the UK-based classification society Lloyd’s Register (LR) for new NO96 elongation criteria, opening the door to more optimized liquefied natural gas (LNG) carrier (LNGC) structures, widening L

about 3 months ago
Underground drilling marks start of offshore section works for second Malta-Italy link
Regulation & Policy

Underground drilling marks start of offshore section works for second Malta-Italy link

Nexans has begun horizontal directional drilling (HDD) works in Malta for the second electrical interconnector to Italy, marking the start of work related to the project’s offshore section. This will create the underground connection between the onshore and offshore sections of the project, allowing

about 3 months ago