Energy

Equinor and Wintershall Dea have agreed to pursue the development of an extensive Carbon Capture and Storage (CCS) value chain connecting continental European CO2 emitters to offshore storage sites on the Norwegian Continental Shelf.

Equinor is close to first power from the world’s first floating wind farm to power offshore oil and gas platforms, Hywind Tampen, and preparing for the start-up of the world’s largest wind farm, Dogger Bank. Both wind farms are in the North Sea where Equinor has more than ten years’ experience from operating offshore wind farms.

The Norwegian Petroleum Directorate (NPD) presented its Resource report 2022, on August 25.

Earlier this year, the Norwegian Petroleum Directorate (NPD) was tasked with conducting subsurface surveys in the areas of Sørlige Nordsjø II and Utsira Nord, which have been opened for applications for renewable energy production.

Neptune Energy has begun an infill drilling campaign at its operated Cygnus gas field in the southern North Sea, with the potential to unlock enough gas to heat an additional 200,000 UK homes1 per year from this winter.

ABB has secured a contract with Yantai CIMC Raffles Shipyard in China to supply an integrated power, automation and propulsion system for a newbuild JUV Boreas. The vessel, which is anticipated to be one of the most technologically advanced on the market, is due for delivery to the owner, Dutch marine contractor Van Oord, in the second part of 2024.

Corvus Energy has received an order from Ulstein Power & Control for the delivery of Energy Storage Systems for two Construction Service Operation Vessels (CSOVs) to be built for Norwegian shipowner Olympic.

Eni announces a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 meters of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner.

Odfjell Oceanwind develops, owns and operates a fleet of floating Mobile Offshore Wind Units (MOWUs). The primary purpose of the MOWUs is to supply electricity to “off-grid” or “micro-grid” consumers.

Facing an energy supply gap due to rapid decline of traditional fossil fuel sources and fast, but not fast enough, growth of renewable energy sources, Huisman has arrived at a solution. The company’s Harsh Environment Semi-Submersible Drilling Rig is aimed at making the extraction of fossil fuels as sustainable as possible while we make the transition to renewable energy.

National Ocean Industries Association (NOIA) President Erik Milito issued the following statement as President Biden signed into law the Inflation Reduction Act:

CorPower Ocean has completed the substation and site preparation work in Portugal ahead of marine installations for its flagship HiWave-5 Project, developing a grid connected demonstration wave farm.