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Business & Finance

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Mitsubishi HC Capital to acquire 20% stake in European Energy
Business & Finance

Mitsubishi HC Capital to acquire 20% stake in European Energy

Denmark’s European Energy and Japan’s Mitsubishi HC Capital have entered into an agreement in which Mitsubishi will acquire a 20% stake in European Energy. Specifically, Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase ar

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

Chevron: Diversity is the mother of all future energy mix formulas

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Chevron is convinced that all energy sources will be needed in the future to meet the growing demand and ensure the security of supply.

about 2 years ago
CIP launches new company for energy island development
Business & Finance

CIP launches new company for energy island development

Denmark’s Copenhagen Infrastructure Partners (CIP) will launch a new company dedicated to developing energy islands globally with backing from Nordic, European, and North American investors. Named Copenhagen Energy Islands (CEI), the new company will build on CIP’s long-standing experience within of

about 2 years ago
Noble Resilient (former Maersk Resilient) harsh-environment jack-up rig was used to spud the Pensacola well; Source: Maersk Drilling
Business & Finance

Shell’s North Sea gas discovery seen as ‘regionally significant hydrocarbon accumulation’

A recent competent person’s report (CPR) of Shell’s North Sea discovery has illustrated the commercial potential of the discovery.

about 2 years ago
Samsung C&T orders €5 million electrolyser equipment from Nel
Business & Finance

Samsung C&T orders €5 million electrolyser equipment from Nel

Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, has signed a contract for 10 MW of alkaline electrolyser equipment for about €5 million with Samsung C&T Corporation Engineering & Construction Group for the latter’s first off-grid green hydrogen production project to be deployed in South Korea. N

about 2 years ago
Meeting between the Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission, Engr Gbenga Komolafe, and the Inspector General of the Nigerian Police Force, Kayode Egbe
Business & Finance

With wheels in motion to curb oil theft, Nigeria plans to launch bid round for 12 offshore blocks

Nigeria’s oil and gas regulator, NUPRC, has taken steps to combat the oil theft challenges by joining forces with the country’s police force.

about 2 years ago
Flex LNG bags charter extension for Flex Resolute with ‘super major’
Business & Finance

Flex LNG bags charter extension for Flex Resolute with ‘super major’

LNG shipping company Flex LNG has secured an extension of the charter of its LNG carrier Flex Resolute that will keep the vessel on a fixed-hire contract until at least the first quarter of 2027. The 2020-built Flex Resolute was fixed on a three-year time charter on November 1, 2021, with the commen

about 2 years ago
Malta greenlights second interconnector to Italy
Business & Finance

Malta greenlights second interconnector to Italy

The second Malta to Italy interconnector has reached a major milestone with the approval of the development permit by the Maltese Planning Authority. The IC2 interconnector will consist of a new ~118-kilometer-long 225 MW HVAC electrical cable interconnection through a submarine cable operating at 2

about 2 years ago
Delta and Ceres enter hydrogen energy technology collaboration
Business & Finance

Delta and Ceres enter hydrogen energy technology collaboration

Taiwan-based electronics manufacturing company Delta Electronics has signed a long-term collaboration agreement, which includes technology transfer and licensing, with Ceres Power Limited, a subsidiary of UK-based developer of clean energy technology Ceres Power Holdings, to access Ceres’ hydrogen e

about 2 years ago
Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies
Business & Finance

New well technology suite and more work for UK firm

UK-headquartered well integrity and production optimization company Coretrax has expanded its well intervention capabilities by boosting its offering with a complementary technology from Wireline Drilling Technologies. Following the acquisition, the well lifecycle solutions provider secured a batch

about 2 years ago
Mariner field in the UK North Sea; Credit: Jamie Baikie and Michal Wachucik/Equinor
Business & Finance

Fight for ‘better’ work-life balance: Offshore drillers set their cap on three-month strike at North Sea platform

Around 100 offshore workers employed by Odfjell Technology have decided to embark on strike action to secure improvements to working rotas.

about 2 years ago
THE RIG; Source: PIF's Oil Park Development Company
Business & Finance

THE RIG’s master plan: Offshore oil platform-style ‘extreme’ adventure hub doubles in size

THE RIG is set to redefine the water sports and tourism landscape while paying homage to the legacy of Saudi Arabia’s rich oil and gas heritage.

about 2 years ago
Floating solar project in Valencia reaches first milestones
Business & Finance

Floating solar demo project in Valencia reaches first milestones

BlueNewables, a Spanish engineering consultancy supporting the marine energy sector, is moving forward with its floating solar demonstration project in Valencia with the first round of contacts with main suppliers finished. BlueNewables reported on January 18 that its 1 MW PV-bos project in Valencia

about 2 years ago
Tasmania’s hydrogen hub development to receive $70 million boost
Business & Finance

Tasmania’s hydrogen hub development to receive $70 million boost

The Australian government is investing $70 million in the development of a hydrogen hub in Bell Bay, Northern Tasmania. The hub is expected to support the production of up to 45,000 tons of green hydrogen per year, create hundreds of jobs and support the manufacture of green metals and alloys like i

about 2 years ago