Latest News
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09 Oct 24
DNV Energy Transition Update - Energy related emissions will peak in 2024
2024 will go down as the year of peak energy emissions, according to DNV’s Energy Transition Outlook. Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution. Emissions are set to almost halve by 2050, but this is a long way short of requirements of the Paris Agreement. The Outlook forecasts the planet will warm by 2.2 °C by end of the century. -
09 Oct 24
GoM: Subsea7 awarded contract in the US Gulf of Mexico
Subsea7 has announced the award of a sizeable contract for a subsea tieback development in the US Gulf of Mexico. Subsea7 will be responsible for transporting and installing the flowline, umbilical, and associated subsea components for the tieback. -
09 Oct 24
It takes two: North Africa-Europe interconnectors could deliver 24 GW of clean energy - Rystad Energy
Europe’s transition to a greener power sector is gaining speed, with North Africa set to be a key enabler of this process. Rystad Energy forecasts 73% of the continent’s electricity will come from clean sources by 2035, with imports from North Africa potentially delivering up to 24 gigawatts -
09 Oct 24
Angola: Shearwater to embark on significant new Angolan OBN survey for TotalEnergies
Shearwater Geoservices has announced the award by TotalEnergies of an Angolan OBN project. The work will be performed in Block 32 over the Louro and Mostarda fields where Shearwater previously completed a 4D streamer survey for TotalEnergies. -
09 Oct 24
Danish Energy Agency presses the start button for billion-dollar tendering procedure for carbon capture and storage
The new CCS Fund has DKK 28.7 billion (USD 4.2 billion) to secure capture and storage of CO2 from as early as 2029, and to help Denmark along its path to climate neutrality. The deadline for applying for participation in the tendering procedure is 25 March 2025. -
09 Oct 24
UK: OEUK CEO provides key insights at the Great British Energy Bill committee
Offshore Energies UK (OEUK) Chief Executive, David Whitehouse, recently presented evidence to the Great British Energy Bill committee, emphasizing the strength of the UK’s energy sector and its potential for future growth. -
09 Oct 24
North Star initiates industry partnership to deliver next-generation SOV for floating offshore wind
North Star, a leading service operations vessel (SOV) operator in the UK’s renewables industry, has activated a major industry collaboration aimed at solving one of the floating wind’s most pressing challenges: the delivery of high-performance operations and maintenance ships tailored for floating offshore wind farms. -
09 Oct 24
Nordex Group order intake grows to 5.1 GW in the first nine months of 2024
Nordex Group secured 5,083 MW of orders in the Projects segment (excluding Service business), growing by 4 percent compared to the previous year’s figure (9M/2023: 4,892 MW). -
09 Oct 24
Spain: Plenitude announces the start of operation of a 13 MW wind plant in Soria, Spain
Plenitude has announced the start of operation of the wind farms of Numancia in the area of Almarza (Soria, Spain). The project has three Vestas V136 wind turbines with installed capacity of about 13 megawatts (MW) and will have an estimated production of 31 GWh/year. -
09 Oct 24
Eni to expand activities in LNG bunkering market through an agreement with Avenir LNG
Eni has signed a charter agreement for the LNG bunker vessel Avenir Aspiration with Avenir LNG Limited. The bunker vessel will supply LNG for cargo and passenger ships, which are increasingly being powered by LNG due to its lower environmental footprint compared to conventional fuels and its full compliance with the most recent standards in terms of emissions. -
09 Oct 24
Egypt: New Herodotus Basin fast-track seismic shows encouraging imaging of fault structures and potential traps
TGS has announced the availability of fast-track data from the Nefertiti Multi-Client 3D seismic survey conducted in partnership with the Egyptian Natural Gas Holding Company (EGAS). The survey combines the cutting-edge capabilities of TGS’ Ramform fleet with GeoStreamer broadband acquisition technology. -
09 Oct 24
UK: NSTA acts to smooth the path of North Sea deals
Multi-million-pound transactions will be helped to complete more smoothly following the publication of new guidance from the North Sea Transition Authority (NSTA). -
09 Oct 24
US: Woodside completes the acquisition of Tellurian
Woodside has completed the acquisition of Tellurian and its US Gulf Coast Driftwood LNG development opportunity. Woodside has renamed the Driftwood LNG development opportunity Woodside Louisiana LNG. -
09 Oct 24
Enbridge collaborates with Microsoft to use AI for enhanced safety, emissions reduction, and asset optimization
Enbridge, in collaboration with Microsoft, is harnessing the power of artificial intelligence (AI) to drive significant advancements in safety, emissions reduction, and asset optimization across its operations.
