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Business & Finance

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Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership
Business & Finance

Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership

The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.

about 2 years ago
Deepsea Stavanger semi-submersible rig; Source: Africa Energy
Business & Finance

TotalEnergies mulls over pull-out from South African offshore block while one partner stays put and another heads for exit

TotalEnergies is pondering the options at its disposal regarding its stake in a block off the coast of South Africa, following the withdrawal announcement from one of the joint venture (JV) partners.

about 2 years ago
Plug Power to get federal clean hydrogen production tax credit at Georgia facility
Business & Finance

Plug Power to get federal clean hydrogen production tax credit at Georgia facility

Plug Power, which began commercial operation of its electrolytic hydrogen facility in Georgia earlier in 2024, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports.

about 2 years ago
India's ONGC places 'large' orders with compatriot firm for subsea work
Business & Finance

India’s ONGC places ‘large’ orders with compatriot firm for subsea work

India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work. Larsen & Toubro’s Hydrocarbon vertical (L&T Energy) will perform engineering, procurement, construction, installation, and

about 2 years ago
Emden gas terminal; Source: Mainka Bau
Business & Finance

Italian energy giant books Norwegian gas supplies until mid-2030s

Vår Energi has secured a contract extension with Eni, enabling it to provide the oil major with natural gas for an additional 12 years.

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

China fires up first offshore oilfield running on shore power

CNOOC has boosted its low-carbon efforts by bringing online the first oilfield in the South China Sea, which is receiving power from shore.

about 2 years ago
NIBC
Business & Finance

NIBC sells $1B shipping portfolio to Hamburg Commercial Bank

Dutch commercial bank NIBC has reached an agreement to sell its shipping portfolio of senior secured loans of $992 million to Germany’s Hamburg Commercial Bank (HCOB).

about 2 years ago
Northern Lights carbon storage and transport project in Norway (for illustration purposes); Source: Equinor
Business & Finance

EU’s exit from embattled fossil fuel-loving treaty in the home stretch: New dawn breaking over 20-year sunset clause

The final push toward withdrawal the EU has taken to severe its Energy Charter Treaty (ECT) ties in a year is perceived as the right path to unleashing its green agenda.

about 2 years ago
Illustration; Source: Westwood
Business & Finance

Embracing key tools to navigate overlapping oil & gas, offshore wind, and carbon storage areas

Co-location conflicts between oil and gas projects, offshore wind farm developments, and carbon capture and storage (CCS) undertakings have emerged as an issue in the United Kingdom (UK).

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian duo ticks set of requirements off pre-merger docket

Brazil’s Enauta and its compatriot player 3R Petroleum have fulfilled two additional conditions for their proposed merger.

about 2 years ago
Illustration; Credit: Oyvind Gravas Bo B Randulff/Equinor
Business & Finance

Equinor prolongs Archer’s North Sea assignment for 24 months

Oil services company Archer has won a two-year contract extension with Norwegian state-owned energy giant Equinor in the North Sea.

about 2 years ago
'No transition without transmission' as Europe needs at least 5 new electricity corridors, CEO of Greek TSO says
Business & Finance

‘No transition without transmission’ as Europe needs at least 5 new electricity corridors, CEO of Greek TSO says

“There can be no transition without transmission,” Manos Manousakis, Chairman and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO), said at the General Assembly of the European Network of Transmission System Operators for Electricity (ENTSO-E), highlighting the i

about 2 years ago
Port Arthur LNG Phase 2; Source: Sempra
Business & Finance

Aramco ups gas game with US project in hot pursuit of shoo-in to global LNG club’s kingpins

Aramco is working with Sempra to get equity and offtake from a planned natural gas liquefaction and export terminal expansion project in Southeast Texas.

about 2 years ago
Venture Gator LNG carrier; Source: Venture Global LNG
Business & Finance

First of nine ships built to haul US LNG around the globe hits the water while light turns green for Venture Global’s third export facility

Venture Global has launched the first of nine LNG carriers that form part of its fleet designed to transport LNG.

about 2 years ago
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