AP

Biden details $2.3 trillion infrastructure plan

U.S. President Joe Biden introduced his $2.3 trillion infrastructure plan, with key measures including $100 billion for broadband, €111 billion for water infrastructure and $621 billion for transportation projects. Mr. Biden’s pledge to tackle climate change is embedded throughout the plan. Roads, bridges and airports would be made more resilient to the effects of more…

Texas Power Crisis

Winter Storm Uri brutally highlighted the flaws in the power system in the state of Texas which some claim have developed an electric power system that does not prioritize infrastructure resilience.  Texas is a state well renowned for having some of the lowest power prices in the U.S. Additionally, the low price of energy and…

Maersk Drilling secured two new contracts

Maersk Drilling the Offshore drilling contractor has been awarded new contracts for two of its drilling rigs with Shell in Trinidad & Tobago and another one with NAM in the UK. After recording a loss of $1.65 billion for 2020 affected by lower rig utilisation, 2021 is off to a promising start following a number of…

DNV GL Gives a Statement of Feasibility for Heerema’s Silent Offshore Installation Concepts

Heerema Marine Contractors’ concepts for the silent installation of offshore facilities’ foundations have received a Statement of Feasibility from the global quality assurance firm DNV GL. Heerema has been working on developing ‘silent foundations’ – pile foundations for offshore structures that can be installed without loud hammering. Hammering can be harmful to marine life and…

Renewable energy, wind farm, wind turbine

EU Grants Funding for Offshore Green Hydrogen Project

The Fuel Cells and Hydrogen 2 Joint Undertaking (FCH2-JU), a public-private partnership of the European Commission, has awarded EUR 5 million grant to the consortium behind the OYSTER project, to investigate the feasibility and potential of combining an offshore wind turbine directly with an electrolyzer and transporting renewable hydrogen to shore The consortium, consisting of…

Farm-out Deal for Barryroe Field in North Celtic Sea

Irish based oil and gas company Providence Resources has signed a farm-out deal for a 50% working interest in the Barryroe Oil and Gas Field with SpotOn Energy, the Norwegian based resources company partnering with a Consortium of international service providers to fund, develop and produce the Barryroe oil and gas field. Barryroe, located around…