Business & Finance
CPP Investments and Power2X team up on green molecule projects
Canada Pension Plan Investment Board (CPP Investments) and hydrogen project developer Power2X have entered a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. According to the companies, the partnership plans to invest an initial €130 million t
Ithaca getting its hands on full ownership of UK gas discovery and three North Sea licences
Ithaca Energy has set the wheels into motion with the signing of a sale and purchase agreement to acquire the remaining stake in a discovery.
Recoverable oil & gas volume in Shell’s recent UK North Sea discovery nearly doubled
Shell has carried out a post-well analysis of a discovery in the North Sea, indicating a significant boost in the estimated oil & gas resources.
With license in place, first UK-Germany energy link to start major construction
NeuConnect, the company behind the first energy link between the UK and Germany, has signed a license agreement with The Crown Estate, a step set to allow major construction work to begin this summer in the UK. Following negotiation and collaboration with The Crown Estate, the signed license agreeme
Norway adds ‘largest discovery’ in a decade to its hydrocarbon arsenal
Wellesley Petroleum has made a significant gas and condensate discovery in a prospect located in the North Sea.
New upstream energy investment player snaps up three offshore production vessels
Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner.
thyssenkrupp’s hydrogen business receives €526 million boost
German-based engineering company thyssenkrupp has floated its hydrogen business thyssenkrupp nucera on the Frankfurt Stock Exchange (Prime Standard), supporting the company’s growth in the hydrogen market. Specifically, the gross proceeds from the IPO of around €526 million will go to thyssenkrupp n
Fugro to collect data off Norway needed for ‘sustainable development of new marine industries’
Fugro has been appointed to carry out a hydrographic survey offshore Norway to collect datasets that are said to be essential for the sustainable development of new marine industries such as offshore wind. The contract is the latest in a series that Fugro secured with the Norwegian Hydrographic Serv
Carnegie Clean Energy moves forward with EuropeWave project
Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has applied to the tender for the third phase of EuropeWave project, requesting approximately €3.75 million to deliver a CETO wave energy prototype at a European test site.
UK consultancy takes on work related to FPSO decommissioning in Timor Sea
Energy consultancy Xodus has secured a contract to provide technical and project support services for the decommissioning of a floating production storage and offtake facility (FPSO) located in the Timor Sea off Australia. Xodus will be working on behalf of the Australian Government, providing advic
Centrica and Delfin Midstream sign $8 billion LNG supply deal
U.K.-based energy company Centrica and U.S.-based LNG export infrastructure development company Delfin Midstream have entered a sale and purchase agreement (SPA) for 1 million tons per annum (MTPA) of LNG for 15 years on a free-on-board (FOB) basis at the Delfin Deepwater Port, located 40 nautical m
With new acquisition, Vår Energi bolsters its CCS exploration efforts
Vår Energi has acquired Feistein CCS, which is a company focused on maturing large-scale, cost-efficient CO2 storage opportunities.
BP joins Offshore Energy Exhibition & Conference 2023
BP, a global leader in the energy industry, has confirmed its participation at Offshore Energy Exhibition & Conference (OEEC) 2023. The company will join as one of the sponsors and exhibitors on what is already becoming a very exciting exhibition floor. Moreover, BP will take part in the OEEC progra
International offshore rig count activity takes a downward plunge in June
Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.