Borr Drilling is keeping its fleet busy as three of its rigs have recently started their new contracts and two more are expected to start operations in 4Q 2020.
The European Commission has proposed awarding 102 million euros in funding to the Porthos project. The Porthos project centres on the capture and storage of CO2 in the North Sea floor. If the European Parliament endorses this proposal, Europe will bear a substantial share of the investment in Portho
The company’s assets include two granted patents, and 14 patents in the review stage for the rotor technology that is registered in various jurisdictions. There are also four registered designs for the tidal turbine’s shape and specifications.
The EU has allocated close to €720 million from the Connecting Europe Facility (CEF) for the investments in power transmission infrastructure in Poland, Lithuania, Latvia and Estonia. The decision follows joint application made earlier this year by transmission system operators from Poland and the t
Ahead of the UK’s exit from the EU Customs union, the country’s government has launched a £200 million ($258 million) fund to enable ports to build new facilities and prepare for life outside the EU.
Strike action by Norwegian offshore oil and gas workers will affect production on six fields in the North Sea offshore Norway.
Aker BP is now ready to start production from Phase 1 of its operated Ærfugl gas and condensate field development located in the Norwegian Sea.
U.S. Department of Commerce is awarding a $2.166 million grant to support the development of the offshore wind industry in Maine. The grant, awarded by the Department’s Economic Development Administration (EDA), will be used to develop a roadmap for establishing an offshore wind industry in this U.S
Oil and gas company Energean has bought a field support vessel (FSV) to support its operations on the Karish field located offshore Israel.
Chart Industries, Inc. (Chart) and Plug Power Inc. (PLUG) have executed a master supply agreement for Chart to supply liquid hydrogen storage and transport equipment to Plug and its subsidiaries. “We are excited about this agreement between two strong and experienced companies in the hydrogen value
Pandion Energy has entered into an agreement with ConocoPhillips to swap interests in licenses located in the North Sea and the Norwegian Sea, respectively.
London-based TechnipFMC has appointed Margareth Øvrum, executive vice president of Equinor, Development and Production Brazil, to its board of directors, effective 1 October 2020. Øvrum, 62, has over 38 years of experience at Norwegian energy company Equinor (formerly Statoil). She will retire from
Finnish engineering majors Konecranes and Cargotec have signed a combination agreement and a plan to combine the two companies through a merger. The proposed combination will be implemented as a statutory absorption merger whereby Konecranes will be merged into Cargotec. Upon completion of the merge
Maersk Drilling has secured a contract from Dana Petroleum to drill two development wells as part of Project Unity in the Dutch sector of the North Sea.
