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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.
09 Oct 24	Norway's Longship project is near completion The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.
09 Oct 24	Norway's Ministry of Energy reports large revenues from the petroleum industry in 2024 Norway's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.
08 Oct 24	Gran Tierra Energy has announced that the acquisition of i3 Energy has been approved by i3 Energy dhareholders Gran Tierra Energy has announced that the shareholders of i3 Energy have approved Gran Tierra’s previously announced acquisition of i3 Energy.
08 Oct 24	UAE: Baker Hughes lands largest Integrated Compressor Line order in Company’s history Baker Hughes has announced its largest order ever of Integrated Compressor Line (ICL) units with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to enhance the reliability of energy supply and support local decarbonization efforts.
08 Oct 24	Equatorial Guinea: Petrofac strengthens position in Equatorial Guinea supporting Marathon Oil with Master Service Agreement Petrofac confirms further growth in Africa, with a new Master Service Agreement award, supporting Marathon Oil in Equatorial Guinea. Under the agreement Petrofac will provide technical and engineering support for key onshore and offshore assets: including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore.
08 Oct 24	AquaTerra Group achieves £3 million revenue from renewable energy contracts Aberdeenshire headquartered integrated services provider, AquaTerra Group, has reached the significant milestone of £3 million in revenue from renewable energy contracts. The firm has capitalised on the success of its first renewables contract which was completed in 2020, paving the way for several subsequent renewable projects.
08 Oct 24	Norway: A responsible approach to floating offshore wind The Norwegian government’s offshore wind initiative continues on a steady course. The government will announce the next project areas for development of offshore wind on the Norwegian continental shelf in 2025 and is proposing 35 billion NOK for a support scheme dedicated towards the first floating offshore wind tender within the Vestavind F and Vestavind B areas.
08 Oct 24	Poland: Baltic Power wind farm completes first onshore connection Baltic Power is one of the first projects in the world to install 15 MW wind turbines and the first in the world to have a significant portion of its turbine towers made of low-carbon steel. With completion in 2026, Baltic Power will be the first Polish offshore wind farm operating in the Baltic Sea.
08 Oct 24	Egypt: Scatec awarded EUR 30 million grant from PtX Development Fund for the Egypt Green Hydrogen project Scatec’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund for a grant of EUR 30 million for partial financing of the project which will have a total capex of approx. EUR 500 million.
08 Oct 24	UK: Mocean Energy and Proserv partner to accelerate decarbonisation of offshore energy Scottish ocean energy pioneers Mocean Energy and Aberdeen-headquartered leading global controls technology specialists Proserv have signed a working partnership agreement with the aim of accelerating the development of renewables solutions for subsea operations.
08 Oct 24	Wood partners with Petrobras on future FPSO concepts Wood has entered an agreement with Brazilian national oil company Petrobras to deliver concept studies with designs and recommendations aimed at optimising performance and reducing emissions to support a future Floating Production Storage and Offloading (FPSO) vision for the next decade.