The Norwegian energy company Equinor and the UK-based Offshore Renewable Energy (ORE) Catapult said Wednesday they had entered a collaboration deal to address some of the most pressing issues facing the offshore renewables sector.The UK-wide partnership brings together Equinor…
Demand for electricity in Norway will continue to outpace supply growth in the coming years, leading to a likely power deficit by 2027, transmission grid operator Statnett said on Wednesday. Power demand in Norway is expected to grow to 164 terawatt hours (TWh) in 2027…
Belgium-based offshore installation company DEME said Wednesday it had secured contracts representing 1 GW for the Hai Long wind farms in Taiwan. DEME said that the deal between its Taiwan JV CSBC-DEME Wind Engineering (CDWE) and Hai Long Offshore…
Peterson, a provider of logistics services for the energy industry, has won a contract to provide facilities management for shared access to the onshore converter stations for two large offshore wind farms, Dogger Bank C and Sofia, in the UK…
Conrad Asia Energy Ltd said Monday that it had received written approval from the Indonesian Minister of Energy and Mineral Resources for the Plan of Development (POD) Revision for the Mako offshore gas field, dubbed 'currently the largest undeveloped gas field in South Natuna Sea…
Spain's Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 alongside an expected rise in profits, it said on Wednesday. Iberdrola is pushing…
Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain's largest initial public offering (IPO) this year, and Europe's fifth biggest. The shares opened…
UK-based subsea robotic services firm Rovco, has signed an agreement with Japan's Horizon Ocean Management (HOM) for through-life subsea asset integrity and balance of plant survey solutions for the Japanese offshore wind market.HOM is a subsidiary…
U.S. oil major ExxonMobil has made a discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola.The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers…
Norwegian energy giant Equinor is on track to almost double its share of its investment in renewable energy this year, despite walking away from expensive offshore wind deals, the chief executive said on Tuesday. Around 20% of company's gross investments in 2022 will be in renewable energy…
Greece issued an advisory on Tuesday saying the vessel Sanco Swift will conduct seismic surveys to locate potential natural gas reserves off the Peloponnese peninsula and west and southwest of the island of Crete.Prime Minister Kyriakos Mitsotakis announced the plan during an interview on Monday…
Norwegian offshore vessel owner Volstad Maritime has contracted Norwegian Electric Systems AS (NES) to deliver the battery pack and associated control system for battery charging to the Grand Canyon III offshore construction vessel. “The demand…
Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday. Nasser bin Hamad Al Khalifa, chairman of the kingdom's energy investment and development arm Nogaholding, has updated…
Subsea cable supplier JDR Cable Systems (JDR) has started construction of its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, UK.The 69,000-square-meter factory will be operational by 2024. According to JDR, the £130 million ($148…
Thordon Bearings said Monday that its water-lubricated elastomeric polymer bearings have been installed to well pumps aboard an undisclosed offshore oil platform operated by Abu Dhabi National Oil Company (ADNOC).Five KSB three-stage mixed…