The Ondas de Peniche (ONDEP) project has been awarded $21 million (€19 million) from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array featuring four WaveRoller wave energy converters.The ONDEP project will start in October 2024 and last for five and a half years…
SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units.Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest…
Britain's windfall tax on North Sea oil and gas companies' profits is causing irreversible damage to the industry, EnQuest's CEO said on Thursday, adding his voice to critics of the levy the government is poised to increase.On Thursday, EnQuest reported a profit after taxation of $30…
UK engineering company Harlyn Solutions has signed an agreement with Ocean Winds for the collection, storage, and emergency preparedness of Moray West’s spare inter array cables.Moray West, overseen by Ocean Winds, the 50/50 joint venture between EDP Renewables and ENGIE…
The Ministry of Energy of Norway has received applications from six companies for the proposed acreage for potential offshore storage of CO2 in the North Sea.The applications were received from Aker BP, Equinor Low Carbon Solutions, Harbour Energy Norge…
Norwegian shipbuilder Vard has secured a contract to provide design and equipment to Cochin Shipyard in India for two Service Operation Vessels (SOVs), one of VARD 4 07 and one of VARD 4 19 design, being built for North Star.Vard has previously delivered 12 designs to the Cochin Shipyard…
Flotation Energy and Vaargroenn, a joint venture between Eni unit Plenitude and private equity firm HitecVision, said on Tuesday their floating offshore wind project Green Volt won a contract at Britain's latest renewable power auction.The 2…
Britain's Harbour Energy raised its 2024 production forecast on Tuesday, after completing the purchase of oil and gas firm Wintershall Dea's assets.Harbour in December had agreed to acquire the non-Russian oil and gas assets of the German company in an $11…
Eni and Snam, as part of the equal joint venture, have started of CO2 injection activities in the reservoir for Phase 1 of Ravenna Carbon Capture and Storage (CCS) project.Designed to support industrial decarbonization, Ravenna CCS is the first project for the capture…
Equinor and Polenergia, the developers of the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland, have hired Smulders for the delivery of substations for both Baltic Sea developments, which will also work in consortium with Sif for the manufacturing of 100 transition pieces…
Six tidal stream projects, with 28 MW in total capacity, have secured contracts in the UK’s Contracts for Difference (CfD) sixth allocation round.The strike price for six projects across five sites has been set at £172/MWh. It represents a 34%…
In the sixth UK’s Contracts for Difference (CfD) allocation round, offshore wind developers have secured support for around 5.3 GW in new capacity for both floating and bottom-fixed offshore wind.As part of the allocation round 6, nine bottom-fixed offshore wind projects…
The production of oil from the Tryving filed in the Alvheim area offshore Norway, operated by Aker BP, with Petoro and PGNiG Upstream Norway as partners, has begun.The Tyrving development leverages the planned extended lifetime for the Alvheim…
Vattenfall has decided to pause the development of the offshore wind power project Swedish Kriegers Flak until further notice, due to unviable investment prerequisites in Sweden. Swedish Kriegers Flak, located about 30 km south of Trelleborg…
Danish subsea cable and services firm NKT, in close collaboration with SSEN Transmission, has completed the turnkey project of connecting the Shetland Islands to the main grid in Scotland with the Shetland HVDC Link.The 320 kV HVDC interconnector…
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