Scottish and Southern Electricity Networks (SSEN) Distribution has selected five contract partners to help deliver future investment of up to £950 million (about €1.09 billion) in the Scottish subsea electricity network and support the multi-year framework to renew and upgrade subsea electricity lin
U.S.-headquartered Chevron, through its four Dutch subsidiaries, and Greece’s Helleniq Energy have signed lease agreements with the Greek government for the exploration of four blocks offshore Greece. The awarded consortium, in which Chevron holds a 70% operating interest and Helleniq Energy a 30% i
The French Government is planning to have 250 MW of tidal energy capacity awarded by 2030, as part of the third edition of the country’s energy strategy on the way towards carbon neutrality by 2050. The Publication Pluriannuelle de l’Energie (Multiannual Energy Programme (PPE)) includes commercial t
UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has reaffirmed that all requirements are out of the way for an extension of a production sharing contract (PSC), covering a block off the coast of Equatorial Guinea. A recently signed farm-out deal for the block is still pending re
Norway’s state-owned energy giant Equinor has received clearance to deploy a ten-year-old jack-up rig at its offshore field on the Norwegian Continental Shelf (NCS).
Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U
The European Investment Bank (EIB) and Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO) have signed a deal for €1.9 billion financing for the development of an interconnector that will eliminate the electrical isolation of the islands of Kos, Rhodes and Karp
Italy’s energy giant Eni and Qatar’s state-owned oil and gas giant QatarEnergy have won an offshore exploration license off the coast of Libya, North Africa.
Norway’s oil and gas player Vår Energi and its partner, Kistos Energy, have drilled an exploration well in the Norwegian sector of the North Sea, which yielded no commercial hydrocarbons.
Marine Renewables Canada (MRC) has published a national roadmap that outlines how offshore wind, tidal, wave, and river current energy can help meet Canada’s surging electricity demand, projected to increase two to threefold by 2050, with marine renewable energy seen as a key pillar of the country’s
Malaysia’s state-owned oil and gas heavyweight Petronas, through Malaysia Petroleum Management (MPM), has launched the Malaysia Bid Round 2026 (MBR 2026) to strengthen Malaysia’s position as an energy investment destination.
The UK government has awarded a record 14.7 GW of renewable energy capacity in the Contracts for Difference (CfD) Allocation Round 7 (AR7), its largest CfD round ever in capacity, with tidal stream securing 20.9 MW across four projects. On January 14, the UK government announced the award of 8.4 GW
Petronas Carigali, Malaysia’s state-owned oil and gas heavyweight Petronas, has taken steps to divest a partial stake to SMJ Energy (SMJE), a company wholly-owned by the Sabah state government, in a production sharing contract (PSC) for fields in shallow waters off the coast of Sabah, offshore of Ea
The Australian Energy Regulator (AER) has confirmed that consumers will be better off with investment in the Marinus Link interconnector in its final decision on the project’s construction cost. The AER is responsible for ensuring energy consumers have access to a reliable and secure market and that
