Energy News


European Countries Aim to Turn North Sea into Green Power Engine

Apr 24, 2023

Leaders from European countries surrounding the North Sea pledged on Monday to rapidly scale up offshore wind power generation in the region to strengthen energy security, at a summit in Ostend, Belgium.Leaders from seven European Union countries…

UK's North Sea Transition Authority Could Become a Regulator for Offshore Hydrogen Transport, Storage

Apr 24, 2023

The UK government has opened a consultation on future regulatory arrangements for offshore hydrogen. The consultation is seeking views on proposals for a ‘first layer’ of arrangements for transport and storage. The consultation, proposes to…

Erdogan Offers Free Gas Pre-election after First Black Sea Field Shipment

Apr 24, 2023

President Tayyip Erdogan last Thursday flicked the switch on Turkey's first delivery of natural gas to an onshore plant from a reserve discovered in the Black Sea, and promised to provide free natural gas for households before May 14 elections…

Norway's Offshore Safety Regulator Issues Order to Saipem Over Regulatory Breaches on Scarabeo 8 Rig

Apr 24, 2023

The Norwegian offshore industry safety body, the Petroleum Safety Authority Norway (PSA), said Monday that it had identified serious breaches of regulations at Saipem's Scarabeo 8 semi-submersible drilling rig after an audit earlier this year…

Major Strike Action to Hit UK North Sea Oil and Gas Platforms

Apr 24, 2023

UK-based union Unite said Friday that historic 48-hour strike action would hit platforms in the UK North Sea.Unite said that 1300 offshore workers would begin a 48-hour stoppage from Monday, April, 24, which will cause 'severe' problems for major oil and gas operators…

Tunisia: Panoro Takes Full Ownership of Sfax Petroleum Corporation

Apr 24, 2023

Oslo-listed Panoro Energy has acquired Beender Tunisia Petroleum's 40% stake in Sfax Petroleum Corporation AS.SPC through its subsidiaries indirectly owns a 49 percent interest in the producing TPS Assets which comprise five oil field concessions in the region of the city of Sfax…

DeepOcean Deploys Its First Autonomous Drone for Inspection of Offshore Structures

Apr 24, 2023

Offshore services firm DeepOcean said Monday it had mobilized its first Autonomous Inspection Drone (AID), which it says 'can unlock substantial cost savings for operators of offshore wind farms and oil and gas fields. 'The subsea drone has been mobilized on board the Edda Fauna subsea Inspection…

Ulstein Says Its U-STERN to Offer a Safer, Smarter Installation of Large Offshore Wind Monopiles

Apr 24, 2023

Ship design company Ulstein Design & Solutions has designed an offshore wind installation vessel that it says is 'a safer, smarter, and more competitive ship design solution for transporting, upending and installing large monopiles on DP.'The patent-pending U-STERN design…

No Discounts on Guyanese Crude for India, Guyana VP Jagdeo Says

Apr 24, 2023

South America's fastest growing oil producer has turned down the Indian government's request for discounted crude oil purchases during trade discussions, Guyana Vice President Bharrat Jagdeo said on Thursday.Guyana's oil production in total has tripled from a year ago to about 380…

LionLink: UK, Netherlands Plan Cross-border Power Link to Boost Energy Security

Apr 24, 2023

The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security. The 'LionLink' interconnector will be able to transfer 1…

FACTBOX - Global Offshore Wind Tenders Including Floating Wind Technology

Apr 24, 2023

Floating wind is viewed as the final frontier for offshore wind as turbines can be installed in deeper waters than fixed-bottom foundations, harnessing stronger and more continuous wind to generate more power.There are two main types of tender for traditional and floating wind projects…

Floating Wind Power Gains Traction But Can It Set Sail?

Apr 24, 2023

After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs…

North Sea Countries Plan to Quadruple Offshore Wind Energy Capacity by 2030

Apr 21, 2023

Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries…

Baltic Eagle Offshore Wind Farm to Power Carbon-neutral Steel Production

Apr 21, 2023

Spanish renewable energy firm Iberdrola has signed a long-term power supply deal with Salzgitter Group.Under the agreement, Iberdrola's Baltic Eagle offshore wind farm in the German Section of the Baltic Sea will deliver electricity for Salzgitter's project to produce carbon-neutral steel…

KHNP, Samsung Heavy, Seaborg to Develop Floating Nuclear Power Plants

Apr 21, 2023

South Korea's Korea Hydro & Nuclear Power, Samsung Heavy Industries, and Denmark's Seaborg Technologies have created a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.The…

Current News

Marlink Upgrades Simon Møkster Shipping’s Network

Seadrill Nets Two Drillship Commitments

SLB OneSubsea and Subsea7 Win Contract for OKEA’s Bestla Project

Jason Liu Named CEO of Wood Mackenzie

Subscribe for OE Digital E‑News