Korea National Oil Corporation (KNOC) is taking part in a national initiative to explore and identify potential CO2 storage sites within waters around the Korean peninsula. KNOC announced on December 26 that it was embarking on a full-scale exploration to secure underground storage of carbon dioxide
South Korean Taihan Cable & Solution has acquired what is said to be Korea’s only cable-laying vessel (CLV) for the offshore wind market. Taihan, which announced the purchase on December 20, bought the vessel for approximately $38.4 million. The CLV, equipped with self-propulsion and a DP2 system, c
UK-based oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of the Chuditch production sharing contract (PSC) offshore Timor-Leste. Baron Oil announced a proposed assignment of a 15% working interest in the TL-SO-19-16 PSC offshore Timor-Leste
Equinor has signed an agreement with State Oil Company of Azerbaijan Republic (SOCAR) to divest all its remaining assets in Azerbaijan where it has been present since 1992. The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the
Dutch-Norwegian company SolarDuck has secured €15 million in funding for the further development and deployment of offshore floating solar power technology. According to SolarDuck, this funding sets the company on a path of continued growth, to deliver its first commercial projects and increase its
Fugro is planning to repurpose two platform supply vessels (PSVs) into geotechnical vessels. This news comes as the Dutch company is currently in the process of repurposing two other PSVs into geotechnical vessels. Fugro announced it had reached an agreement to acquire the Wartsila-designed Sea Gold
The WECHULL+ project has received a €2.5 million grant to develop new floating structures of high-performance concrete expected to reduce cost and CO2 footprint and improve circularity and reliability in the offshore renewable energy sector. The WECHULL+ project received the grant from the EU Clean
Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessel
Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor
The governments of Singapore and Japan have signed a memorandum of cooperation (MoC) to establish first Singapore – Japan Green and Digital Shipping Corridor (GDSC), aiming to develop standards and best practices supporting the decarbonization, digitalization and growth of the maritime industry.
A healthy market framework is necessary for offshore wind projects to be sustainable and future-proof, and changes to the tendering framework can help ensure that, Ireen Geerbex, Director Market Development the Netherlands at Vattenfall, said during this year’s Offshore Energy Exhibition and Confere
DeepC Store and Azuli International have agreed to jointly pursue and acquire greenhouse gas (GHG) storage acreages in Commonwealth waters offshore Australia said to have strong potential for significant CO2 storage capacities. The two companies have jointly bid for GHG Assessment Permits released b
NeuConnect, the first-ever energy link between the UK and Germany, has been granted all key regulatory approvals following the second partial approval for the construction and operation of the converter station on the German side. The Oldenburg State Trade Inspection Office (GAA Oldenburg) has grant
CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has secured €45,238 in funding to participate as an industry partner in the WECHULL+ Project which will investigate and test a novel concrete material for wave energy converters (WECs). The funding was provided by S
