Africa
BNP Paribas Sets Aside EUR 15 Billion for Renewables
French multinational bank BNP Paribas will more than double the financing resources allocated to the renewable energy sector, from EUR 6.9 billion in 2014 to EUR 15 billion in 2020, and strengthen its policies for the management of carbon risk. The bank will also continue to promote Green Bonds to i
ICS Stands Firm behind Shipping’s CO2 Reduction Goals
Responding to the Sustainable Shipping Initiative’s concerns that measures being taken by shipping fall short of what is required to achieve the 2 degree climate change goal, the International Chamber of Shipping (ICS) said that this misunderstands the approach already agreed at the UN negotiations
Glencore’s Oil Export Deal in Libya Put to Question
The internationally-recognized government of Libya will not support a potential oil exports deal between tanker operator Glencore Plc and National Oil Corp.’s western counterpart in Tripoli. The deal has not yet been formally announced, but was confirmed to Bloomberg by Mohammad Elharari, a spokesma
Developing Economies Take Lead in Clean Energy Investments
Developing nations eclipsed the world’s wealthiest countries in 2014, attracting more clean energy investment and building more wind, solar, and other renewable power generation than ever before, according to a global assessment released by Bloomberg New Energy Finance today. Climatescope, the clean
Developing Economies Take Lead in Clean Energy Investments
Developing nations eclipsed the world’s wealthiest countries in 2014, attracting more clean energy investment and building more wind, solar, and other renewable power generation than ever before, according to a global assessment released by Bloomberg New Energy Finance today. Climatescope, the clean
BG grabs stake in Aphrodite gas discovery
LNG player BG Group informed it has taken a 35 percent holding in Block 12 offshore Cyprus which include the Aphrodite gas discovery.
Pirates Hijack Iranian Fishing Boat off Somalia
An Iranian fishing boat with 15 crew members has been hijacked off the coast of Somalia, Neptune Maritime Security informs. The incident took place some 305 nautical miles off the Somali coast around 11 UTC today while the boat was on its way to Somalia. Neptune added that there have been reports of
Siem Offshore scores deals for PSV trio
Norway’s Siem Offshore Inc. has been awarded term contracts for three Platform Supply Vessels (PSV). Siem Sasha and Sophie Siem platform supply vessels begin a term contract for 145 days with options for an international oil company. The start-up date is first week of January 2016 for operation off
Popular news, November 16 – 22, 2015
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DEME: High Activity Level
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results for the third quarter of 2015. DEME (AvH 60.40%) suc
Baltic Dry Index Hits Its Lowest Point
The Baltic Dry Index (BDI) fell to 504 points on Thursday, hitting the lowest point in almost thirty years. The BDI dropped by 15 points, a 2,89 percent decrease against the numbers on November 18, and a 36 percent decrease for this year. Such low results are caused by a reduction in the cost of shi