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Vision

Solstad selling its PSV fleet to Tidewater for $577 million

Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are

about 3 years ago

Vision

Prysmian to use €120 million loan for innovation and digitalization

Italy’s cabling giant Prysmian has secured a €120 million loan from Italian investment bank Cassa Depositi e Prestiti (CDP) which will be invested in R&D for network upgrading purposes. The loan will be used to support R&D plans focused on the implementation of innovative technologies and contribute

about 3 years ago

Vision

Five companies in line for carbon storage acreage in Norway’s waters

The Norwegian Ministry of Petroleum and Energy has received applications from five companies seeking permits related to the injection and storage of CO2 on the Norwegian continental shelf (NCS). The area is located in the North Sea and was announced on 11 January in accordance with the storage regul

about 3 years ago

Mocean Energy’s Blue X deployment to Copinsay (Courtesy of Mocean Energy/Photo by Colin Keldie - EMEC)

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Wave power for subsea equipment demo starts off Orkney

An ambitious collaborative project to power subsea equipment with wave power and subsea energy storage, led jointly by Mocean Energy and Verlume with other consortium partners, has taken to the seas in the north of Scotland.

about 3 years ago

Vision

Subsea link to Orkney steps closer to reality

UK energy market regulator Ofgem has provisionally approved SSEN Transmission’s plans to develop a subsea electricity transmission link to Orkney. SSEN Transmission submitted investment plans to Ofgem in March 2018 to build a new subsea transmission link to provide the additional capacity needed to

about 3 years ago

Neptune Energy commits to Extractive Industries Transparency Initiative

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Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources

Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on

about 3 years ago

Vision

New partnership targets cutting costs of carbon capture and storage infrastructure

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani

about 3 years ago

Vision

Dutch take aim at lower green hydrogen costs by combining offshore wind and floating solar

A consortium of Dutch companies has launched a government-backed project to explore the synergies between offshore wind, offshore solar and hydrogen production at sea for improved sustainability of North Sea renewable energy projects.

about 3 years ago

Vision

Essar launches EET to drive energy transition in UK and India

Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon

about 3 years ago

Northern European partners hand in application for CO2 storage project off Norway

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Northern European partners hand in application for CO2 storage off Norway

Neptune Energy, Sval Energi and Storegga have submitted an application for a CO2 storage project in the Norwegian North Sea which has the potential to store up to 225 million tonnes of CO2. The application was submitted to the Norwegian Ministry of Petroleum and Energy following the announcement of

about 3 years ago

Vision

Enagás meets 2022 targets, boosts its 2030 strategic plan

Spanish energy company Enagás has announced that all its objectives set for 2022 have been achieved and the degree of execution of its 2022-2030 strategic plan is higher than expected. Enagás’ net profit on 31 December 2022 amounted to €375.8 million, exceeding the target for the year. The significa

about 3 years ago

Vision

Oceanbird tests its wing model in KTH wind tunnel

Oceanbird, a JV backed by Alfa Laval and Wallenius, and KTH Royal Institute of Technology are performing extensive tests on the Oceanbird wing model in the KTH L2000 wind tunnel. The team is testing the aerodynamics of the wings while exposing them to different wind conditions. This series of tests

about 3 years ago

ENGIE and Masdar partner up for UAE green hydrogen hub

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ENGIE steps up its energy transition, targets renewables

French energy group ENGIE is moving to the second stage of its strategic plan, stepping up growth in the energy transition with an emphasis on renewables. The group said its 2021-23 strategic plan has been successfully executed and the time has come to move on to the second stage. ENGIE said its geo

about 3 years ago

The AR1500 tidal turbine (Courtesy of SIMEC Atlantis)

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MeyGen sets record with world’s first 50GWh of electricity generated by tidal energy

The MeyGen tidal energy project, developed by SIMEC Atlantis Energy, has become the first tidal stream array in the world to generate 50GWh of clean electricity from tidal energy.

about 3 years ago