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European Parliament okays revised TEN-T to accelerate industrial decarbonization
The European Parliament has taken a significant step towards incentivizing a robust CO2 transport infrastructure as it approved the regulation on the Trans-European Transport Network (TEN-T).
UK firm steps into Congo’s oil & gas offshore arena through deals with Chevron and TotalEnergies
Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with Chevron and TotalEnergies.
Everfuel’s HySynergy start-up postponed for second half of 2024
Everfuel has announced a delay in the commissioning of HySynergy 1, its 20 MW green hydrogen production plant in Fredericia, Denmark.
Sharp fall in gas prices brings Eni slump in profit
With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.
Grimaldi takes delivery of fourth eco-friendly multipurpose RoRo
Italian shipping company Grimaldi has taken delivery of Great Abidjan, the fourth ship in a series of six multipurpose roll-on/roll-off (RoRo) units belonging to the new G5 class.
New partner joins South America’s inaugural LNG export facility
EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).
AtoB@C Shipping welcomes first plug-in hybrid newbuild in Sweden, unveils names of remaining units
AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, said that its first plug-in hybrid newbuilding Electramar reached the Baltic Sea, marking the end of a long voyage from India around the Cape of Good Hope to Europe.
‘Good start’ to 2024 for Nexans with record subsea-driven backlog
Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne
Start-up of another well boosts Trinidad and Tobago’s oil production
Heritage Petroleum Company Limited (Heritage) has brought on stream a new oil well off the coast of Trinidad and Tobago.
Hydrogen industry in Canada receives $57 million boost
The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.
Science Based Targets initiative approves Fugro’s net-zero targets
The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v
ABB hybrid-electric propulsion picked for new MaineDOT ferry
Switzerland-based technology company ABB has been selected by Maine Department of Transportation (MaineDOT) to supply a comprehensive grid-to-propeller solution for the new double-ended, hybrid-electric ferry that will provide essential services between the town of Lincolnville and the island commun
Drillship reaches its destination to await its inaugural drilling assignment
A newbuild ultra-deepwater drillship, acquired by Eldorado Drilling, has arrived in Malaysia, where it will stay until it secures its maiden drilling job.
Texas LNG tucks another tolling deal under its belt
Texas LNG has signed a second heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services.