This coexistence is considered feasible and valuable for both oil and gas and renewables in Norwegian waters, despite the challenges involved.

As part of this collaboration, Octopus Energy will become a co-owner of Deep Wind Offshore alongside existing industrial owners Knutsen OAS, Haugaland Kraft, and Sunnhordland Kraftlag.

The owner and operator, Kishorn Port Limited, has commenced the first phase of the £2.4 million project after securing a £500,000 investment from Highlands and Islands Enterprise.

The deal, finalized for an undisclosed amount, marks Cyan Renewables' first vessel acquisition.

This agreement allows the wind farm to engage in short-term hedging transactions based on Futures Contract prices.

LDC has made an investment in Boston Energy, a technical services provider for the wind energy industry. Boston Energy specializes in employing and training specialized technicians to support the construction and maintenance of onshore and offshore wind farms worldwide.

NEO Energy and Jersey Oil and Gas have chosen a Floating Production Storage and Offloading (FPSO) vessel for the Greater Buchan Area oil redevelopment project in the North Sea.

The North Sea Transition Authority (NSTA) has launched the UK’s first-ever carbon storage licencing round, with 13 areas available for bids.  

UK-based pioneer of autonomous seabed robots Blue Ocean Seismic Services (BOSS) has completed a series of passive and active sea trials in the North Sea using a DP2 class multi-role vessel.

Swedish developer of twin offshore wind turbine technology Hexicon has this week said it will develop a demonstrator project for floating wind power at Metcentre’s deepwater area off of Norway’s coast.