Business & Finance
Shell completes QCLNG unit $2.5 bln stake sale
The Hague-based oil and LNG major Shell has completed the sale of a minority stake in a QCLNG unit to Global Infrastructure Partners Australia for a consideration of $2.5 billion.
Innovation Fund Denmark bankrolls consortium to commercialize sustainable fuels
A consortium of 17 partners from Denmark and other European countries have received more than DKK 30 million ($ 4.8 million) from Innovation Fund Denmark to bring the production of sustainable fuels for aircraft and ships to the stage of commercialization. The project, named Low Carbon fuels for avi
BW Ideol raises € 57 million in private share placement
The private placement of new shares for BW Ideol has been completed ahead of the new company’s listing on the Oslo Stock Exchange in the coming days. A total of NOK 575 million (€ 57 million) in gross proceeds has been raised: NOK 500 million (€ 50 million) through the placement of new shares and [&
CNOOC brings online new oilfield off China
Chinese oil and gas player CNOOC Limited has started production from the Caofeidian 6-4 oilfield located offshore China.
Guyana to see record number of wells in 2021, Rystad says
Norwegian energy intelligence firm Rystad Energy expects the exploration activity in Guyana to speed up, with a record number of wells set for 2021.
Tullow to keep control of Orinduik licence until 2023
Tullow Oil and partners have renewed the petroleum agreement for the Orinduik block, offshore Guyana with plans to select drilling targets later this year.
RWE and ORE Catapult to study production of concrete floaters in Scotland
RWE has partnered with Offshore Renewable Energy (ORE) Catapult to study the potential for Scottish businesses to produce commercial-scale concrete foundations for floating wind projects. The study will identify key manufacturing and fabrication methodologies and constituent materials required to pr
Green light to Woodside for Julimar operations
NOPSEMA has accepted Woodside’s revised environment plan for the operation of a petroleum pipeline and any other petroleum-related activity on Julimar.
Poland approves PGE and PKN Orlen’s offshore wind joint ventures
The Polish Office of Competition and Consumer Protection (UOKiK) has approved the construction of offshore wind farms through joint ventures between foreign companies and Poland’s Polska Grupa Energetyczna (PGE) and PKN Orlen. The authority issued two decisions on 12 March, one for each of the two P
RWE taking majority ownership of Rampion offshore wind farm
German energy company RWE has taken over an additional 20 per cent stake in the Rampion wind farm off the UK from E.ON. Following the closing of the transaction in the first half of 2021, RWE will control a 50.1 per cent stake in the 400 MW wind farm off Sussex. Confidentiality has been agreed [&hel
Minesto and Schneider Electric form alliance to commercialize marine energy
Marine energy developer Minesto and Schneider Electric have signed a memorandum of understanding to work together to develop and build ocean energy farms based on Deep Green technology.
FAR puts its foot down and sets new date for Woodside sale approval
FAR Limited is putting a stop to further delays of its shareholder meeting to consider the sale of FAR’s interest in the Sangomar project to Woodside.
Demolition of crude oil tankers: All talk and little walk
The industry buzz around large scale demolition of crude oil tankers has brought little tonnage to the scrapyards crushing market recovery hopes pinned on scrapping, BIMCO said. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Nevertheless, there has been all t
Kistos makes Tulip Oil its first acquisition
Kistos, an investment company chaired by former RockRose founder Andrew Austin, has signed an agreement to buy the entire issued and outstanding share capital of Tulip Oil Netherlands B.V.