Norway has opened two areas for offshore wind power developments in the North Sea, including one along its maritime border with Denmark, the energy ministry said on Friday.Western Europe's largest oil and gas producer generates most of its electricity from hydropower and normally has a surplus…
Saitec Offshore Technologies and the open sea test site Biscay Marine Energy Platform (BiMEP) have signed a contract to install Saitec's floating wind foundation off the coast of the Bilbao area in the North of Spain as part of the project named DemoSATH…
Dutch offshore jack-up company Seafox has had its push to appoint two directors to the board of the UAE-based jack-up provider Gulf Marine Services, rejected.Seafox, a shareholder at GMS, on Thursday said it had written to Gulf Marine Services…
Macquarie's Green Investment Group, a green infrastructure investor, has teamed up with a Scottish offshore wind developer to compete for offshore wind projects in Scotland, it said in a statement late on Thursday.Earlier this week, Crown Estate Scotland launched ScotWind…
Royal Dutch Shell has launched the sale of its stakes in two oilfields and two pipelines in Norway, according to a sales document seen by Reuters.Shell is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline…
A group comprising five offshore energy industry associations has called for the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on June 8.The group that calls itself the global Offshore Industry Group…
French industrial cable provider Nexans announced today the execution of a French State-backed €280 million (around $318,4) term loan facility, issued by a pool of French banks.The loan has a twelve-month maturity and an extension option, up to five years…
Oil and gas company Europa Oil & Gas has agreed to acquire an offshore license in Ireland, near the producing Corrib gas field, from DNO.Europa said the block, formally known as Frontier Exploration Licence (‘FEL’) 3/19, contains the 1.2 tcf Edge prospect…
Norwegian oil companies Equinor and Aker BP have agreed on commercial terms to jointly develop several fields on the Norwegian Continental Shelf.The coordinated development will include Krafla, Fulla and North of Alvheim (NOAKA) offshore licenses…
Danish offshore wind farm developer Ørsted has said it has reached a milestone in its expanding offshore wind business with the installation of its 1500th offshore wind turbine.The turbine was installed at the Borssele 1 & 2 offshore wind farm in the Dutch North Sea…
Norway's energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments.Equinor made a series of acquisitions of onshore and offshore…
With reports this week that a broad majority in the Norwegian Parliament supports proposed tax breaks to help the oil and gas industry affected by low oil prices, oil industry is responding and promising investments.On the back of the stimulus from the government in the form of temporary tax breaks…
Norwegian energy company Equinor has elected Tove Andersen as a new member of its board of directors.Tove Andersen is recently appointed executive vice president for Europe in Yara International ASA, a Norwegian chemical company. Since 2018 she has been executive vice president…
Croatia expects to start talks with Hungarian energy group MOL on a possible buyback of shares in Croatian gas and oil company INA by the end of June, the country's Energy and Environment Minister Tomislav Coric said.Croatian Prime Minister…
Crown Estate Scotland, manager of Scotland’s seabed, has announced the launch of the first round of offshore wind leasing in Scottish waters for a decade.The round, called ScotWind Leasing, enables companies at the cutting edge of offshore renewables…