Zenith Energy News

 

Ithaca Energy Takes Full Ownership of North Sea Discovery

Nov 02, 2023

UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition brings Ithaca Energy's working interest in the Fotla discovery to 100%.The Fotla Discovery is located in Block 22/1b of the UK North Sea in 431 ft of water…

GB Energy and Crown Estate Launch Offshore Wind Partnership

Jul 25, 2024

Great British Energy, a new UK government-owned clean energy company, and the Crown Estate have entered into partnership, which could facilitate up to 20-30 GW of new offshore wind developments reaching seabed lease stage by 2030.Great British Energy (GB Energy) Bill…

Masdar Signs Multi-Billion Dollar Deal to Acquire Greece’s Terna Energy

Jun 20, 2024

Abu Dhabi Future Energy Company (Masdar) has reached a definitive agreement with GEK TERNA and other shareholders to acquire Greece’s Terna Energy in a $3.44 billion (€3.2 billion) deal, representing one of Europe’s biggest renewable energy transactions in 2024…

Energy Major Picks Eco Wave Power for Feasibility Study in USA

Apr 08, 2024

Eco Wave Power has been selected by a major energy company to conduct a comprehensive feasibility study aimed at identifying the top locations for commercial onshore wave energy stations in the United States and across the globe.Per the terms of the agreement with the unnamed company…

US DOE’s TEAMER Awards $1.3M to Marine Energy Researchers

Jan 12, 2024

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) Program, supported by the U.S. Department of Energy (DOE), has selected 10 projects to share $1.3 million for marine energy-related research.The projects have been selected…

HydroWing Opens New Base in Wales

Jan 09, 2024

HydroWing announced it has opened a new office in Wales, to support the development of its tidal stream energy project at Morlais on Anglesey.The company has been awarded a contract through the latest round of the U.K. government’s ‘Contracts…

Global Energy Transition Hasn't Truly Started Yet as Fossil Fuels Persist - DNV

Oct 11, 2023

Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook.'Renewables are still just meeting increased demand rather than replacing fossil fuels…

Clean Energy Investing Loses Lustre Despite Climate Crisis: Maguire

Sep 20, 2023

Despite the heat waves, wildfires and floods that have amplified calls to accelerate the global energy transition away from fossil fuels, investors withdrew record funds from the world's largest clean energy investment vehicles so far this year…

APPEA Becomes Australian Energy Producers

Sep 13, 2023

Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.Previously known as the Australian Petroleum Production & Exploration Association (APPEA), the change…

Ithaca Energy to Take Full Control of Cambo, UK North Sea's Second Largest Undeveloped Oil and Gas Discovery

Sep 12, 2023

Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.To remind, Ithaca Energy said in May it had agreed to market Shell's 30% stake in the Cambo oil prospect in the UK North Sea…

Mocean Energy to Develop 250kW Wave Machine in Orkney with EU Investment

Sep 05, 2023

Wave energy technology developer Mocean Energy has secured over £3 million EU funding to develop and deploy a 250kW wave machine in Orkney.The wave energy device – named Blue Horizon 250 – will be manufactured in Scotland and deployed in a grid…

Baltic Leaders Look to Offshore Wind for Energy Security

May 10, 2023

The Baltic Offshore Wind Forum was held in Berlin, Germany on May 9 as part of a bid to advance sustainable energy and energy security in the Baltic Sea region.Foreign Ministers and high-level representatives of Member States of the Council of the Baltic Sea States (CBSS)…

Wave Energy Legislation Passes Senate Committee in California

May 02, 2023

California Senate Bill 605 has been passed in California’s Senate Energy Committee and the Natural Resources and Water Committee.SB 605, proposed by California State Senator Steve Padilla, passed both committees unanimously, 15-0 and 10-0, respectively…

Accelerating the Transition to a Better Energy Future: SPE Offshore Europe 2023 Registration Open

Apr 20, 2023

Registration for the 50th-anniversary edition of SPE Offshore Europe 2023 exhibition and conference is now open, the organizers said Thursday.The free-to-attend event will be held at P&J Live, Aberdeen, from 5-8 September 2023, and themed ‘Accelerating the transition to a better energy future’…

Bank Funding for Renewables Stagnates vs Oil and Gas

Jan 23, 2023

The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday.Since 2016 renewable energy has taken 7% of a total $2…

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