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Illustration (Courtesy of EU-SCORES)
Business Developments & Projects

Wave energy to rival offshore wind costs by 2030s, study shows

A study led by European universities has shown that wave energy could rival the cost-effectiveness of offshore wind by the 2030s at favorable locations.

about 2 years ago
Emden terminal; Source: Gassco
Business & Finance

Two German terminals to receive Norwegian gas for 12 more years

Vår Energi has secured a multi-year contract extension for the supply of natural gas to Germany’s VNG Handel & Vertrieb.

about 2 years ago
Nine gas TSOs join forces for hydrogen infrastructure in Baltic Sea region
Business Developments & Projects

Nine gas TSOs join forces for hydrogen infrastructure in Baltic Sea region

Nine gas transmission system operators (TSOs) from the Baltic Sea region agreed to facilitate the region’s hydrogen transmission and storage infrastructure.

about 2 years ago
Hydrogen infrastructure in Germany receives financial backing
Business & Finance

Hydrogen infrastructure in Germany receives financial backing

Bayernets is investing €210 million in the energy infrastructure in Germany, specifically a pipeline expected to meet the basic requirements for the transportation of hydrogen.

about 2 years ago
Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing
Authorities & Government

Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing

Paris-headquartered investment management company Meridiam has entered into the shareholding structure of the company responsible for the implementation of the electric interconnection project between Greece, Cyprus, and Israel. Greek transmission system operator (TSO) Independent Power Transmission

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

US player days away from first LNG at its FLNG offshore Mexico

New Fortress Energy (NFE) is looking forward to achieving the first LNG from its floating LNG (FLNG) facility off the coast of Altamira, Mexico.

about 2 years ago
Port of Antwerp-Bruges
Infrastructure

Port of Antwerp-Bruges joins Sweden-Belgium green shipping corridor

The Port of Gothenburg, North Sea Port, and DFDS have welcomed the Port of Antwerp-Bruges to the green shipping corridor, bolstering green ambitions of the project.

about 2 years ago
Illustration; Source: ABL Group
Business & Finance

With takeover of compatriot energy firm out of the way, Norwegian firm’s headcount tops 500

Norway’s AGR, a subsidiary of ABL Group, has acquired Ross Offshore, enabling it to expand its team with more than 220 additional employees.

about 2 years ago
Norway's Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure
Business & Finance

Norway’s Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure

Norwegian state-owned energy giant Equinor and French gas transmission operator GRTgaz have signed a project development agreement (PDA) for a transport system for captured CO2 from industrial emitters in France to permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project

about 2 years ago
InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Business Developments & Projects

Ocean Harvesting advances InfinityWEC with new control system and design

Swedish company Ocean Harvesting Technologies is developing the sixth generation of its wave energy converter InfinityWEC, including the implementation and evaluation of a moment-based model predictive control (MPC) in its simulation model.

about 2 years ago
Calcasieu Pass facility; Source: Venture Global LNG
Business & Finance

Fresh LNG deal enables US to give European and Ukrainian energy security a leg up

Venture Global has secured a new LNG agreement with D.Trading, which will enable it to bolster energy security in Ukraine and Eastern Europe.

about 2 years ago
FPSO Kaombo Norte Source TotalEnergies
Business & Finance

Oil & gas firm expands its offshore portfolio in Angola

Etu Energias has expanded its list of assets off the coast of Angola by finalizing its deal with Galp for stakes in three offshore blocks.

about 2 years ago
90-year-old French firm rebrands for strategic growth
Business & Finance

90-year-old French firm rebrands for strategic growth

With the wish to accelerate growth as an advanced technology company, France-based geophysical services company CGG has rebranded following 90+ years of history. With the launch of the new brand, CGG, created in 1931 and now known as Viridien, said it marks the next stage in its strategic growth as

about 2 years ago
Illustration; Source: DNV
Authorities & Government

DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

about 2 years ago
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