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Regulation & Policy

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Great Britain-Ireland link gets electricity interconnector license
Regulation & Policy

Ofgem grants electricity interconnector license for Great Britain-Ireland link

UK energy market regulator Ofgem has granted an electricity interconnector license for the MaresConnect Interconnector that will link Ireland and Great Britain. The license, granted on 27 June, authorizes MaresConnect Limited to participate in the operation of the interconnector that will link the B

about 4 years ago
Marine Energy Wales team (Courtesy of Marine Energy Wales)
Regulation & Policy

Marine Energy Wales gets government funding

Marine Energy Wales, the industry association for Welsh marine energy, has secured a new three-year grant from the Welsh government to support its work until 2025.

about 4 years ago
‘Key milestone’ under Ithaca’s belt as it closes acquisition of Siccar Point
Regulation & Policy

‘Key milestone’ under Ithaca’s belt as it closes acquisition of Siccar Point

Delek’s Ithaca Energy has completed the acquisition of Siccar Point Energy, which has enabled it to further expand its North Sea portfolio.

about 4 years ago
Two oil & gas firms ready to drill North Sea wells this month
Regulation & Policy

Two oil & gas firms ready to drill North Sea wells this month

Two oil and gas players have been granted drilling permits by Norwegian authorities for wildcat wells in the North Sea offshore Norway.

about 4 years ago
‘Hostile’ drones en route to Energean FPSO shot down over Mediterranean Sea
Regulation & Policy

‘Hostile’ drones en route to Energean FPSO shot down over Mediterranean Sea

Three unarmed drones, headed straight for a gas field off Israel and Energean’s new FPSO, have been taken down by the Israeli forces.

about 4 years ago
Norway’s oil & gas output to shrink as offshore workers scale up strike action
Regulation & Policy

Norway’s oil & gas output to shrink as offshore workers scale up strike action

Dispute over wage demands threatens to reduce oil and gas production in Norway, as offshore workers are likely to down their tools this week.

about 4 years ago
Vale
Regulation & Policy

DNV approves Vale’s multi-fuel tank design in a ‘major’ advance for low-carbon fuels adoption

Brazilian mining company Vale has received approval in principle from the classification society DNV for its design incorporating multi-fuel tanks on iron ore carriers, developed as a result of the project seeking to adopt alternative, lower-carbon fuels for shipping. DNV performed an independent as

about 4 years ago
U.S. govt asks public to weigh in on proposed offshore oil & gas leasing plan
Regulation & Policy

U.S. govt asks public to weigh in on proposed offshore oil & gas leasing plan

The Department of the Interior is seeking public input on the Biden administration’s new, five-year offshore oil and gas leasing program.

about 4 years ago
Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Regulation & Policy

Orbital Marine secures €9.2M tidal energy funding

Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.

about 4 years ago
As merger with Lundin goes into effect, Aker BP unveils plans to spend more than $15 billion on projects
Regulation & Policy

As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects

The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.

about 4 years ago
Global OTEC’s floating OTEC concept (Courtesy of Global OTEC)
Regulation & Policy

Global OTEC agrees power purchase deal for floating OTEC plant offshore Africa

UK-based company Global OTEC has signed what’s said to be the world’s first deal to develop a power purchase agreement (PPA) for a 1.5MW floating ocean thermal energy conversion (OTEC) platform offshore São Tomé island.

about 4 years ago
Transocean rig gets the go-ahead for ops at Equinor’s North Sea field
Regulation & Policy

Transocean rig gets the go-ahead for ops at Equinor’s North Sea field

Equinor has received consent from Norway’s regulator to use a Transocean-owned rig for well intervention on a field located in the North Sea.

about 4 years ago
Illustration/Hexicon floating wind technology (Courtesy of Hexicon)
Regulation & Policy

In focus: Offshore industry forms decarbonization tie-ups, as need for more renewable energy investments grows

Despite the projections stating the global energy investments are to reach $2.4 trillion this year, much more is still needed to successfully tackle the issues of energy security and climate crises globally

about 4 years ago
LNG terminal
Regulation & Policy

German regulator simplifies construction process of future LNG terminal in Stade

The German Federal Network Agency (BNetzA) has exempted Stade’s Hanseatic Energy Hub LNG terminal from tariff and network access regulation for 25 years, enabling the planned construction of the terminal to start earlier.

about 4 years ago
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