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Business Developments & Projects

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Port of Nigg’s owner passes the baton to Japanese investor
Business Developments & Projects

Port of Nigg’s owner passes the baton to Japanese investor

Global Energy Group (GEG) has concluded an agreement with Japanese company Mitsui & Co. for the sale of its group companies, including The Port of Nigg.

about 1 year ago
Mark Rasmusen and Barry Summers shaking hands
Business Developments & Projects

IKM Testing gets €26M in new contracts, appoints regional director

IKM Testing UK, a company within the IKM Group, has appointed Barry Summers as its new Regional Director, following the retirement of Mark Rasmusen. The move comes as the company reports £23 million (approximately €26,5 million) in new contract awards during the first half of 2025, just 14% short of

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about 1 year ago
Illustration; Courtesy of Inpex
Business Developments & Projects

Regulatory and policy woes hold Australia’s cross-border CCS ambition at bay, ANGEA warns

Given the rising trend toward pursuing transition to a low-carbon and emission-free future against the backdrop of growing climate change concerns, the Asia Natural Gas and Energy Association (ANGEA) has highlighted the key role Australia’s domestic carbon capture and storage (CCS) industry can play

about 1 year ago
DHT
Business Developments & Projects

DHT Holdings bags financing for future-fit VLCC quartet

Bermuda-headquartered crude oil tanker company DHT Holdings has entered into a $308.4 million senior secured credit facility for the post-delivery financing of four of the company’s newbuilds currently under construction in South Korea. The vessels in question are a quartet of environmentally friend

about 1 year ago
Flotte Hamburg trialling HVO 100 fuel on course for climate neutrality
Business Developments & Projects

Flotte Hamburg trialling HVO 100 fuel on course for climate neutrality

Flotte Hamburg (Hamburg Fleet), a wholly owned subsidiary of the Hamburg Port Authority, has decided to trial the use of hydrotreated vegetable oil (HVO 100) as part of its decarbonization strategy.

about 1 year ago
floating solar
Business Developments & Projects

1 MWp floating solar project underway in Paraguay

Itaipu Binacional, a binational entity equally owned by Brazil and Paraguay that focuses on clean and renewable energy, has begun installing its first floating solar photovoltaic (FPV) system on the Paraguayan side of the Itaipu Reservoir. According to OWC, the 1 MWp project marks a step toward hybr

about 1 year ago
Two offshore platforms connected by a bridge
Business Developments & Projects

Energean and INA sanction €71M investment in Adriatic gas project

UK-based oil and gas player Energean and Croatia’s national petroleum company Industrija nafte (INA) have taken a final investment decision (FID) for the development of a gas field offshore Croatia.

about 1 year ago
FPSO Agogo; Source: Azule Energy
Business Developments & Projects

BP-Eni JV marks first oil milestone from Yinson Production’s carbon capture-enhanced FPSO

Azule Energy, a 50/50 independent joint venture between the UK-headquartered BP and Italy’s Eni, has achieved the start of oil production from its project off the coast of Angola, which is connected to a floating production, storage, and offloading (FPSO) vessel with carbon capture technology to dec

about 1 year ago
EU flags
Business Developments & Projects

EU at energy crossroads: €700 billion to triple US oil, gas, and nuclear imports puts Europe’s decarbonization at risk

The European Environmental Bureau (EEB), said to be Europe’s largest network of environmental non-government organizations (NGOs), has portrayed the new trade deal between the European Union (EU) and the United States (U.S.) in a different light from the one presented by the European Commission, whi

about 1 year ago
NG Explorer vessel at dock
Business Developments & Projects

NextGeo bags interconnector, offshore wind cable route survey contracts with Prysmian

Prysmian has awarded two contracts to Next Geosolutions (NextGeo), one of which is in the Dutch offshore wind market, where NextGeo will carry out export cable route surveys for the IJmuiden Ver Alpha and Nederwiek 1 offshore wind sites. The second contract NextGeo secured with Prysmian is for the B

about 1 year ago
LNG carrier docking at Adriatic LNG terminal
Business Developments & Projects

Italy’s biggest LNG terminal poised for capacity upgrade

A liquefied natural gas (LNG) terminal in Italy’s northern Adriatic Sea will undergo work to expand its regasification capacity.

about 1 year ago
Siemens and Paragon join forces on novel hydrogen production technology
Business Developments & Projects

Siemens and Paragon join forces on novel hydrogen production technology

Siemens and Paragon Resources have entered a memorandum of understanding (MoU) to jointly scale production of hydrogen using a novel process that reportedly eliminates the need for fossil fuels or external electricity sources.

about 1 year ago
Illustration; Source: Baker Hughes
Business Developments & Projects

Baker Hughes’ $13.6 billion move on Chart spotlights gas, data centers, and decarbonization growth drivers

Baker Hughes has made a multibillion-dollar play for Chart Industries to high-grade its portfolio with differentiated capabilities across a diverse set of markets, including LNG, data centers, and low-carbon plays.

about 1 year ago
Two offshore platforms
Business Developments & Projects

‘One of largest’ UKCS producers born with NEO–Repsol merger

Aberdeen-based full-cycle energy business New European Offshore (NEO Energy) has completed its strategic merger with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol.

about 1 year ago