Aberdeen-based New European Offshore (NEO Energy) has reshuffled its leadership team, appointing a new Chief Executive Officer (CEO) and Chief Operating Officer (COO) while restructuring its Board. The company named Andy McIntosh as the new CEO and Craig McKenzie as COO, both internal promotions.
After having reviewed its current listing structure, Australian energy giant Woodside Energy has decided to delist from the London Stock Exchange (LSE), a move set to reduce the company’s administration costs. Woodside, noting that its trading volumes on the LSE are low, has applied to the UK Financ
ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li
U.S. energy giant ExxonMobil has secured access to over 271,000 acres of offshore CO2 storage in Texas state waters, said to be the largest of its kind in the U.S., through a lease with the Texas General Land Office (GLO). This is said to add significant storage potential to ExxonMobil’s carbon capt
UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor
The Danish Energy Agency has launched the tendering procedure for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, trans
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,
The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl
Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal
Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm
The Blue Economy Cooperative Research Centre (CRC) has unveiled a report, led by the University of Western Australia, outlining seven key recommendations to drive the advancement of Australia’s wave energy industry. According to Blue Economy CRC, wave energy could boost Australia’s AUD 118 billion (
A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida
Norwegian oil and gas player Aker BP and compatriot energy data and intelligence company TGS have expanded their ongoing cooperation with a strategic partnership aimed at digitalizing the Yggdrasil area in the North Sea. As part of the new agreement, Aker BP will integrate TGS’ Prediktor Data Gatewa
Rune Olav Pedersen, the current CEO of Norway-headquartered seismic company PGS, has been appointed as CEO of Geoquip Marine, a provider of geotechnical services to the offshore energy sector, effective from January 1, 2025. Pedersen, who will be based at Geoquip’s headquarters in Switzerland, takes
