Geotechnical surveys are scheduled to begin in July at the Eastern Green Link 1 (EGL1) subsea electricity superhighway that will link the south-east of Scotland with the north-east of England. The 2 GW EGL1 HVDC multi-directional cable is being developed by National Grid Electricity Transmission (NG
Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has launched a “rigorous” testing program that puts its pipe materials and welds under extreme conditions to evaluate their long-term performance for carbon capture and storage (CCS) applications. The program, done in collaboration with No
Industry groups have called on the European Commission to acknowledge their concerns with the current draft ‘Delegated Act’ defining the greenhouse gas (GHG) methodology for low-carbon hydrogen and its derivatives, claiming that the new version of this secondary legislation threatens the overall fea
The Barbados Investment & Development Corporation (BIDC) has signed a memorandum of understanding (MoU) with UK-based Global OTEC to collaborate on the deployment of ocean thermal energy conversion (OTEC) systems in Barbados. The agreement involves cooperation through BIDC’s Bloom Clean Technology a
The Netherlands-based tidal and wave energy developer Symphony Wave Power has signed a memorandum of understanding (MoU) with compatriot firm ONE-Dyas to advance testing of its wave energy technology for offshore power applications in the Dutch North Sea. With deployment targeted for 2027, the compa
French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel
Australian wave energy developer WaveX is approaching completion of its current seed raise, securing 82% of its targeted funding round ahead of the June 30, 2025 deadline. The Perth-based company has partnered with LIQUIDITY as lead manager to finalize the seed raise. The final push is said to get W
Norway’s state-owned energy company Equinor has contracted compatriot marine geoscience and technology company Shearwater GeoServices to perform a 4D survey over its Tyrihans field in the Norwegian Sea. Located 25 kilometers southeast of the Åsgard field in water depth of 270 meters, Tyrihans was di
Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration has changed its name to SED Energy Holdings, as well as its Oslo Stock Exchange ticker code, following the merger with Singapore’s tender-assisted drilling provider Energy Drilling. The new company name has been re
Energy services provider Expro has been appointed to deliver integrated well testing services for the UK’s first offshore carbon capture and storage (CCS) project, being developed by a joint venture of BP, Equinor and TotalEnergies. Being developed around 75 kilometers east of Flamborough Head, the
The Finnish and Swedish transmission system operators (TSOs) Fingrid and Svenska kraftnät have initiated the planning process for the third submarine cable between the countries which would replace the first connection at the end of its operational lifetime in the late 2030s. Under a signed letter o
The UK has launched the Marine Energy Taskforce (MET), a new initiative aimed at developing a roadmap to realise the country’s marine energy potential. Supported by The Crown Estate and Crown Estate Scotland, the 12-month project will focus on accelerating wave and tidal stream energy deployment whi
Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of seven remotely operated vehicles (ROVs), two of which have already been delivered, expanding its ROV fleet of almost 60 units. DeepOcean recently took delivery of two Constructor-series work-class ROVs (WRO
Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest
