Business & Finance
MAN wraps up acquisition of H-Tec Systems for hydrogen demand
Germany’s engine manufacturer MAN Energy Solutions has completed the acquisition of the majority of shares in German hydrogen tech company H-Tec Systems, replacing GP Joule as the main owner.
Romgaz, ExxonMobil sign exclusivity deal for Black Sea block buy
Romanian oil and gas company Romgaz has signed an exclusivity agreement with ExxonMobil’s subsidiary in Romania for the acquisition of a Black Sea offshore block.
CDB Leasing snaps up 10 MR tankers for $384 million
Hong Kong-based leasing major China Development Bank Financial Leasing (CDB Leasing) is pursuing its fleet expansion with orders for ten MR oil/chemical tankers to be built at Jiangsu New Times Shipbuilding Co.
Williams and Beacon ink export agreement for Shenandoah
Williams has reached an export agreement with Beacon to provide offshore natural gas gathering and transportation services to Shenandoah.
Saab Seaeye Falcon to observe Brazilian pipelines
Brazilian offshore IRM operator, SISTAC, has expanded its fleet of underwater robotic vehicles with another Saab Seaeye Falcon.
PetroRio wraps up Wahoo, Itaipu stakes buy from BP
Brazilian oil and gas company PetroRio has completed the acquisition of interests in two fields offshore Brazil from oil major BP.
Aker BP puts Norwegian Sea project on stream
Aker BP and its partners in Skarv have started production from Gråsel in the Skarv area in the Norwegian Sea, ahead of the schedule.
French company finds compatriot partner to deliver Raz Blanchard tidal farm
The development of a 17.5MW tidal energy farm, planned for Raz Blanchard in the French region of Normandy, is gaining momentum with the newly established partnership between French tidal turbine designer and manufacturer HydroQest and independent renewable power producer Qair.
Circular FPSO in Norway and reuse in UK as Equinor moves ahead with new projects
Norwegian energy major Equinor has made progress with two of its offshore project developments located offshore Norway and the UK.
Maersk in talks with yards on methanol-powered containership
Container shipping heavyweight Maersk is currently in discussions with equipment suppliers and yards on the order of a methanol-powered containership. The company announced plans to order the world’s first container vessel that can operate on carbon-neutral methanol in February 2021. Under the plan,
Eco Wave Power joins two European business accelerators
Swedish-Israeli wave energy company Eco Wave Power has been selected to join business accelerator programs in two of the most attractive markets for wave energy – the UK and Spain. The Spanish governmental organisation ICEX selected Eco Wave Power to join its Rising UP program, that will run over si
EU approves Alexandroupolis LNG terminal funding
The European Commission has approved €166.7 million ($ 198.9 million) Greek support measure for the construction of a new LNG terminal in Alexandroupolis.
Suncor restructuring Terra Nova ownership to secure life extension funding
Suncor and its Terra Nova field partners are restructuring the project ownership to provide funding for a life extension project.
Blue-GIFT backs final three marine renewable energy demos
The Interreg Atlantic Area-funded Blue-GIFT programme has awarded recommendations for support to three marine renewable energy projects under its third and final call to test and validate technologies in real sea environment.