UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS). The post Serica Energy brings UK firm with North Sea oil & gas assets into its fold appeared first on Offshore Energy.
The UK government has signed off on a multi-billion-pound deal for the Sizewell C nuclear plant in Suffolk, on the North Sea coast, after attracting four crucial investors including British Gas owner Centrica, which has bought a 15% stake worth £1.3bn. Other shareholders include Canadian institutional investor La Caisse (20%), French energy firm EDF (12.5%) and global investment manager Amber Infrastructure (7.6%). The UK government retains a 44.9% stake. Chris O’Shea, Centrica Group Chief Executive, said, “The UK needs more reliable, affordable, zero-carbon electricity, and Sizewell C will be critical to supporting the country’s energy system for many decades to come. This isn’t just an investment in a new power station – it’s an investment in Britain’s energy independence.” Despite opening the world’s first commercial nuclear power station in the 1950s, no new nuclear plant… Read More »Centrica buys 15% stake in Sizewell C as UK nuclear plant gets go-ahead
Norway’s oil and gas company Pandion Energy has signed an agreement to sell its stakes in three assets offshore Norway to Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex. The post Asset trio stake sale to Inpex fueling Pandion’s growth ambitions appeared first on Offshore Energy.
The European Commission (EC) has wrapped up its probe into suspected fraud involving Chinese […] The post European Commission vows action after concluding probe into Chinese biofuel imports appeared first on Offshore Energy.
Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition […] The post NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm appeared first on Offshore Energy.
Dutch offshore solar company Oceans of Energy, in collaboration with NIOZ Royal Netherlands Institute […] The post HKN to track marine ecosystem ahead of offshore solar rollout appeared first on Offshore Energy.
Australian manufacturer of high-speed catamaran ferries Incat Tasmania has been selected to design and build two new battery-electric ferries for Danish ferry operator Molslinjen. The post Incat Tasmania to build two battery-electric ferries for Molslinjen appeared first on Offshore Energy.
Keeping the remaining potential for exploration and recovery in mind, a fresh oil and gas discovery, which was drilled with a Noble Corporation-owned rig in the Baltic Sea, has aided the operator of the Wolin license block off the coast of Poland to infer that this find is one of the largest conventional oil discoveries in Europe in the past decade. The post New oil & gas discovery seen as European country’s ‘largest conventional hydrocarbon field’ appeared first on Offshore Energy.
H2Mare, a project focused on researching the offshore production of green hydrogen and other power-to-X (PtX) products from wind energy, has launched a floating test platform to demonstrate a complete PtX process chain for sustainable fuels in Bremerhaven, Germany. The post Germany’s H2Mare commissions floating test platform for power-to-X production appeared first on Offshore Energy.
Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, have inked a rig contract with Noble Corporation for a drilling assignment in the Black Sea, offshore Bulgaria. The post Noble drillship lands $80M Black Sea exploration gig appeared first on Offshore Energy.