Energy

Global energy consultancy Xodus has partnered with Scottish sustainability consultancy Glic to maximize the social benefits of future offshore wind farms.

Neptune Energy has been awarded four new licenses, three as operator, in the Awards in Predefined Areas (APA) 2023, announced by the Norwegian Ministry of Energy.

Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise within offshore wind to develop energy island projects globally and is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea and in South-East Asia.

Wintershall Dea has been awarded 13 exploration licenses by the Norwegian Ministry of Energy in the 2023 Award in Predefined Areas (APA) – five licenses as operator, and eight as partner.

The Environmental Impact Assessment (EIA) procedure has begun for Odra Energia, the floating offshore wind project that the partnership between Renantis and BlueFloat Energy plans to develop off the southern coast of the province of Lecce, Italy.

HydroWing is designed to be a cost-effective and scalable solution to tidal stream energy generation and was the largest tidal stream project in Wales to be successful in the UK government’s latest Contracts for Difference round, having been awarded a 10MW project at the Morlais tidal energy site in Anglesey.

FutureOn, a global energy software company, and Rystad Energy, a pioneer in energy cost estimation, have launched a collaborative digital tool which integrates up-to-date cost estimation with live project data for energy developments.

Equinor was awarded 39 new production licenses by the Ministry of Energy in this year's Awards in Predefined Areas (APA).

Talos Energy Inc. (NYSE: TALO) has announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction"). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.

McDermott has been awarded an offshore contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.

As we enter a New Year, the memories of the shocks to the foundations to the US offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable, as outlined in the most recent US Offshore Wind Report from business intelligence and consulting firm Intelatus Global Partners.

The latest stats from DNV’s Alternative Fuels Insight (AFI) platform found that a total of 298 ships with alternative fuel propulsion were ordered in 2023 – an 8% increase year on year.