Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall
The Board of Supervisors of Humboldt County, California, has approved several motions related to the upcoming development of floating wind farms off the county’s coast, including executing a grant agreement with the State to support developing a local skilled workforce and supply chain.
As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.
Infrastructure system operators GASCADE and Fluxys have highlighted the significant advantages of an offshore hydrogen backbone in the North and Baltic Seas in the ‘Specification of a European Offshore Hydrogen Backbone’ study commissioned to the classification society DNV. According to the companie
Cathie has been awarded a contract to provide geophysical and geotechnical consultancy services for the up to 1.7 GW Bluepoint Wind offshore wind project in the United States. Located 38 nautical miles off the coast of New York and 53 nautical miles off the coast of New Jersey, Bluepoint Wind offsho
Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings
Oneka Technologies, a developer of wave-powered desalination solutions, has teamed up with Canada’s Ocean Supercluster on a new project whose aim is to scale up the company’s wave energy-driven desalination technology to utility scale.
Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
The joint venture between Eidesvik Offshore and Reach Subsea has completed the acquisition of the subsea inspection, maintenance, and repair (IMR) vessel Viking Reach. The purchase price for the vessel previously known as Edda Sun was $29 million. Viking Reach is suited for survey and light construc
The UK government has confirmed the £205 million budget for renewable energy projects in the fifth round of contracts for difference (CfD) auction, which features plans to cut the tidal stream ring-fence from £20 million to £10 million.
Strikes against the French government’s planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices, and blocking some shipments from refineries and depots, Reuters news agency reported. According to Reuters, at le
Norway’s Statnett has decided to reduce the maximum capacity on the 1,400 MW North Sea Link interconnector between Norway and the UK in order to make a balance for import and export. Capacity will be set to a maximum of 1,100 MW in both directions, from the installed capacity of 1,400 MW, and will b
Minesto has announced the preliminary outcome of its rights issue which brough in SEK 120 million (€10.7 million) of fresh funding for the company’s tidal energy technology and projects.
Shell remains the world’s most valuable oil and gas brand for the ninth consecutive year, however, Aramco is closing the gap.
