Search results for: investment

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  • 26 January 2021
    Market outlooks, Outlook & strategy, Transition, Vision

    The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.

  • 20 January 2021
    Business & Finance, Business developments & projects

    Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with the production powered by Ørsted’s two Siemens Gamesa […]

  • 13 January 2021
    Business & Finance, Infrastructure, Ports & Logistics, Project & Tenders

    The Port of Gdansk expects its €1.3 billion infrastructure investments program to be completed in 2021.  The investments focus on the ‘Inner Port’ and ‘Outer Port’ areas and are crucial to the port’s ambition to compete with the deep seaports of Western Europe and grow cargo handling capacity to more than 60 million tonnes within […]

  • 22 December 2020
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Equinor has decided to invest NOK 3 billion ($342.8 million) in the Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.

  • 17 December 2020
    Business & Finance, Business developments & projects

    Remus Horizons, a private investment fund, is exploring options to acquire FAR Limited. As a result, FAR has rescheduled its shareholder meeting.

  • 16 December 2020
    Business & Finance

    UK-based Simec Atlantis Energy has entered into a share placement agreement with a US-based investor New Technology Capital Group to raise up to £12 million ($16 million). Atlantis will get an initial investment of £2,000,000 for new shares with the value of £2,090,000 on or about 17 December 2020. Additional investments of three tranches of […]

  • 11 December 2020
    Business & Finance, Environment, Outlook & strategy, Transition

    Saga Pure ASA, formerly known as Saga Tankers, has taken a 21.4 % stake in Bergen Carbon Solutions AS (BCS), a company that has developed a technology for converting CO2 to carbon nanofibers. The investment saw Saga Pure commit to subscribe for NOK 30 million ($3.4 million) in a gross NOK 40 million private placement […]

  • 9 December 2020
    Market outlooks, Outlook & strategy, Transition

    Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light.

  • 9 December 2020
    Business & Finance, Market outlooks, Outlook & strategy

    Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or construction out of almost 162 GW of […]

  • 9 December 2020
    Authorities & Government, Business developments & projects, Exploration & Production, Infrastructure, Project & Tenders, Regulation & policy

    Malaysian operator Hibiscus Petroleum has pushed back a final investment decision (FID) for the Marigold development in the UK part of the North Sea.

  • 30 November 2020
    Human Capital, Market outlooks, Outlook & strategy, Transition, Vision

    The OGTC and the Offshore Renewable Energy Catapult have warned that the UK offshore energy sector would miss the opportunity to be a global leader in clean energy if it does not invest in technology innovation to create a net-zero North Sea.

  • 25 November 2020
    Business developments & projects, Infrastructure, Ports & Logistics, Project & Tenders

    Spanish utility Endesa is aiming to invest up to €34.5 million ($41million) in an LNG bunkering facility in the port of Los Barrios, in Algeciras Bay.

  • 24 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Market outlooks, Outlook & strategy

    Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.

  • 20 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Infrastructure

    French oil major Total has discussed increasing energy investment in Libya where oil output has surged in the past two months following a truce in the country’s civil war.

  • 19 November 2020
    Business & Finance, Business developments & projects, Exploration & Production, Infrastructure

    A survey by the Norwegian statistics bureau SSB has revealed that oil and gas companies in Norway have boosted investment plans in recent months.

  • 2 November 2020
    Business & Finance, Business developments & projects

    Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan.

  • 15 October 2020
    Business developments & projects, Environment, Infrastructure, Ports & Logistics

    The coronavirus crisis has not hindered ports’ investments in environmental sustainability, a new survey found.

  • 1 October 2020
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy, Transition

    French oil and gas major Total has moved to transform itself into a broad energy company as part of its efforts to become a leader in the renewable energy sector and get to net-zero by 2050.

  • 15 September 2020
    Ports & Logistics, Transition, Vessels

    Product tanker major Hafnia Limited is planning to build methanol dual-fueled ships to transport methanol from a U.S.-based production plant at the Port of Kalama, Washington, USA. As disclosed at the end of August, Hafnia, together with a joint venture partner, invested $10 million in Northwest Innovation Works methanol production plant.  The joint venture will […]

  • 4 September 2020
    Business & Finance, Business developments & projects, Infrastructure, Ports & Logistics

    Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion.

  • 20 August 2020
    Authorities & Government, Market outlooks, Outlook & strategy, Regulation & policy, Vision

    A survey made by the Norwegian statistics bureau SSB revealed that oil and gas investment in Norway will rise more this year and decline less in 2021 than predicted a few months ago.

  • 5 August 2020
    Business & Finance

    The U.S. economy could see offshore wind investments reaching $ 17 billion by 2025, $ 108 billion by 2030 and $ 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased and […]

  • 3 August 2020
    Business & Finance

    TenneT will raise its investment in renewable energy connections to EUR 4 to 5 billion per year, the transmission system operator (TSO) said in a press release from 31 July, also reporting a 30% increase in its investment agenda in the first half of 2020. The TSO, operating in Germany and the Netherlands, said it […]

  • 17 July 2020
    Business & Finance, Equipment

    The adverse impact of the COVID-19 pandemic on the Finnish technology group Wärtsilä and markets in which it operates further increased in the second quarter of the year, shrinking demand across the board. The company reported a 19% lower order intake for the first six months of this year, equaling €2.25 billion ($2.57 billion). The orderbook at […]

  • 17 July 2020
    Business & Finance, Business developments & projects, Infrastructure, Ports & Logistics

    Finland’s Port of Helsinki has received financial support from the EU for port investment projects.