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New Alliance to Fast-Track UK’s Energy Transition

Two leading energy technology and innovation organizations announced on July 22, 2020, a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net zero future.

OEE2020 – Powered by the Ocean

Ocean Energy Europe 2020 program spotlight: Wave energy technology keeps advancing, showing that innovation is at the heart of the blue energy revolution. 

Norway’s GIEK Sees ‘Huge Potential’ in Offshore Wind

GIEK (The Norwegian Export Credit Guarantee Agency) has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year. With ample capacity and competitive rates, it is actively seeking new business worldwide as part of its mandate to bolster the participation of Norwegian exporters in a burgeoning but capital-intensive sector.   

Gas and Condensate Discovery by Kvitebjørn Field in the North Sea

Equinor and its license partners Source Energy AS and Wellesley Petroleum AS have discovered gas and condensate in exploration well 30/2-5 S Atlantis. Based on preliminary estimates the proven reserves are between 3 and 10 million standard cubic meters of recoverable oil equivalent, corresponding to 19-63 million barrels of oil equivalent.

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