Business & Finance
New initiative brings together CEOs and investors to speed up clean hydrogen industry
New Joint Forum, an initiative that will foster a dialogue between industry leaders and investors to advance decarbonisation with clean hydrogen and derivatives, has been launched. The Joint Forum was launched on 22 June by the Hydrogen Council, a global coalition of CEOs with a united vision and lo
New drilling jobs on four North Sea platforms for KCA Deutag
KCA Deutag has secured new contracts and extensions with a total value of over $70 million in the UK sector of the North Sea.
New UK operator taking the helm at North Sea oil project
Jersey Oil & Gas has completed the farm-out deal for a partial stake in an asset on the UK Continental Shelf (UKCS) to NEO Energy.
Norden inks order for six Supramaxes with DACKS
Danish shipping company Norden has placed a newbuilding order for six Supramax dry cargo vessels with Dalian COSCO KHI Ship Engineering (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries. The 64,000 dwt vessels are slated for delivery in the next two to three years. “Placi
Oman sees signing of two new green hydrogen project agreements
Hydrom, a subsidiary of Energy Development Oman SAOC (EDO), has entered two new agreements awarding green hydrogen projects in Oman. The agreements were signed with the winning bidders of round 1 of the Oman green hydrogen auction process during an event organised by Hydrom. This auction process pro
Scottish firm gets financial push to grow offshore renewables offering
Orkney-based Green Marine has secured financing from Siemens Financial Services (SFS) with the aim of growing its offshore renewables offering. Green Marine stated that it was seeing a rapid growth opportunity driven by a massive increase in global interest in green energy sources and many businesse
Longboat and Japan’s JAPEX weeks away from bringing new Norwegian player to life
Longboat Energy and JAPEX are expected to complete all the steps for the creation of their Norwegian joint venture (JV) by mid-July 2023.
Saipem’s €860 million credit facilities come into force
Saipem has strengthened its financial structure and liquidity, after its two new credit facilities came into effect.
K+S, Swire Bulk team up on decarbonization
German chemical company K+S Aktiengesellschaft (K+S) and Swire Bulk have entered into a formal partnership to develop decarbonization solutions as they forge forward with efforts to decarbonize their operations and cut greenhouse gas emissions in the maritime supply chain. The partnership builds upo
Mysterious shipowner picks Amogy’s ammonia-to-power tech as primary power for a newbuild
Brooklyn-based technology startup Amogy has inked a pre-order contract for the supply of four of Amogy’s 200 kW ammonia-to-power systems with an undisclosed ‘renowned’ Norwegian shipping company. Amogy said that the newbuild vessel will be outfitted with a total of 800 kW of Amogy powerpacks, adding
If UK bans new oil & gas exploration licences, what energy games are left to be played?
Is the saga about the Labour Party’s plans for the UK’s oil and gas industry reaching a softer stance while plans for renewables remain firm?
South Africa, Netherlands and Denmark team up on $1bln green hydrogen fund
Governments of South Africa, the Netherlands and Denmark have concluded a Heads of Agreement (HoA) with the intention to launch a new SA-H2 Fund, an innovative blended finance fund that will facilitate and accelerate the development of a green hydrogen sector and circular economy in South Africa. Th
Cheniere signs long-term LNG supply deal with Equinor
Cheniere Marketing, a subsidiary of LNG producer and exporter Cheniere Energy, has entered into a long-term LNG sale and purchase agreement (SPA) with energy major Equinor ASA. Under the SPA, Equinor has agreed to purchase approximately 1.75 million tons per annum (mtpa) of LNG from Cheniere Marketi
NKT wraps up first in-house TOV testing of HVDC cable systems
Denmark-based NKT has completed the first in-house temporary overvoltage (TOV) test sequence of high-voltage DC cable systems, said to represent an important technical milestone that increases the reliability of cable systems needed for the green transition. NKT reported on 21 June that it had execu