Business & Finance
Hy24 clean hydrogen fund up and running at €2 billion of allocations
Hy24, the joint venture between FiveT Hydrogen and Ardian, has announced the closing of its first hydrogen impact fund – Clean H2 Infra Fund – at €2 billion of allocations, exceeding its initial ambitions. Launched a year ago, the fund is said to be the world’s first and largest infrastructure fund
Cornerstone bringing in partner for North Sea assets
Cornerstone Resources has signed a binding farm-out agreement for its assets located in the UK North Sea.
Final piece of Tyra II puzzle now in place
The final offshore lifting and installation campaign for TotalEnergies’ Tyra II project in the Danish North Sea has been completed.
Disappointing result from North Sea appraisal well
UK-based oil and gas company i3 Energy has completed drilling operations on the Serenity appraisal well in the North Sea.
Equinor’s vice president of E&P leaving role and energy industry
Equinor’s executive vice president for Exploration and Production International has resigned to take on the CEO role at a diamond company.
UK operator buys two batches of Dutch North Sea assets
A UK-based operator has agreed to buy the Dutch North Sea businesses of two different oil and gas companies.
Study: Maersk among 134 ‘highly carbon-exposed’ companies failing to include climate risks in financial reporting
Danish shipping major Maersk has been included in the list of 134 ‘highly carbon-exposed companies’ that reportedly failed to disclose how climate-related risks might impact them financially. The list is part of a review produced by The Carbon Tracker Initiative, a think tank specializing in researc
UK opens its first oil and gas licensing round since 2019 to boost energy security
UK government has launched the 33rd offshore oil and gas licensing round, making 898 blocks and part-blocks available in an effort to boost the country’s energy security.
Technical challenges postpone launch of Baltic Pipe receiving terminal
Commissioning of Baltic Pipe’s receiving terminal in Western Jutland is set to be further delayed due to technical challenges. This, however, will have no impact on the gas volumes sent to Poland. The receiving terminal for gas from Norway’s Europipe II should have been commissioned this Saturday, 8
Neptune to maintain higher gas exports to UK
Oil and gas company Neptune Energy has extended the period of higher gas production from the Duva offshore field in Norway.
Maersk-led businesses urge Denmark to lead the way in green transition
Danish companies pursuing high sustainability objectives are urging the country’s government and politicians to maintain sustainability on top of their agenda. In a joint statement, signed by A.P. Møller – Mærsk, FLSmidth, Ørsted and Vestas, among others, the companies asked the government to contin
Shell revealed as buyer of UK gas asset
Reabold Resources has disclosed that Shell is the oil and gas major, which is in the process of acquiring Corallian Energy.
Höegh LNG’s FSRU Independence to change owner
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit (FSRU) Independence from Norway’s floating terminal projects company Höegh LNG. The transfer of ownership is expected to occur in December 2024.
UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships
UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships