Norway's sovereign wealth fund has bought a 37.5% stake in the 573 megawatts operational wind farm Race Bank offshore Britain for 330 million pounds ($418 million), it said on Monday.The Norwegian fund would also become responsible for a debt facility of 644 million pounds…
Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR.The combination of AGR and Ross Offshore will further strengthen…
Danish wind turbine maker Vestas has signed a conditional agreement to supply 112 of its 15 MW-rated offshore wind turbines for Vattenfall’s and BASF’s Nordlicht 1 and 2 offshore wind projects in Germany.Within the scope of the contract for the supply of V236-15…
Equinor and main French gas transmission operator GRTgaz have signed project development agreement (PDA) to develop a transport system for captured CO2 from industrial emitters in France for permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project…
Back-deck engineering specialist Maritime Developments (MDL) has appointed Derek Lynch as Market Development Manager – Renewables as part of its diversification strategy aimed to strengthen the commitment to renewable energy market.With over…
Global energy consultancy Xodus has created a new dedicated renewables engineering arm Evolv Energies to strengthen its capabilities in the offshore markets.Evolv Energies has been formed to deliver a broader engineering service as developments ramp up globally…
France-based tubular solutions supplier Vallourec has secured a five-year contract with energy giant Equinor for the supply of tubes and connections, accessories, and services for oil and gas fields in Brazil.Vallourec low-carbon OCTG solutions…
Norway-based oil and gas company BlueNord has started drilling operations at the Harald East Middle Jurassic well (HEMJ), which could start delivering gas by the end of 2024, set to be exported through the Tyra East facilities.The HEMJ was spudded in the Harald East area…
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea…
UK-based oil and gas company Dana Petroleum has awarded a contract to Subsea7 for the provision of subsea services for the Bittern field development, in the UK Central North Sea.The contract scope, whose value is between $50 million and $150 million…
SLB and Aker Carbon Capture (ACC) have launched a joint venture, set up to enable wider adoption of market-ready and new carbon capture and storage (CCS) technologies for power and hard-to-abate industrial sectors worldwideThe new company combines technology portfolios…
Danish wind turbine maker Vestas has secured an order to supply 44 offshore wind turbines, each rated at 14 MW, for RWE’s Nordseecluster A offshore wind project in Germany.The Nordseecluster is being implemented in two phases – Nordseecluster A and B…
The Toppand East well in the North Sea offshore Norway, drilled by Wellesley, Equinor and Petoro, has been proven dry.The well, 35/11-29S, located in production licence 248 C, has been permanently plugged and abandoned after it proved be dry…
TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for $259 million.The transaction is expected to close in the fourth quarter 2024…
Enova, owned by the Norwegian Ministry of Climate and Environment, has launched a support program for floating wind projects which can be awarded up to $188 million (€175 million) in funding assistance.Enova’s support for wind started with the development of onshore wind power…
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