Business & Finance
Stolt Tankers appoints new managing director
Norwegian tanker operator Stolt Tankers has appointed a new managing director of Stolt Tankers Shipowning (STSO).
AD Ports-Turkish wealth fund alliance targets logistics projects
Abu Dhabi Ports (AD Ports) has signed a strategic partnership agreement with Turkey’s sovereign wealth fund Türkiye Varlık Fonu (TVF) to collaborate on major investment projects within Turkey.
Eni sells stake in Algeria-Italy gas pipelines to Snam
Italian oil and gas company Eni has agreed to sell a 49.9% stake in its subsidiaries operating two groups of gas pipelines between Algeria and Italy to energy infrastructure operator Snam for a consideration of €385 million.
NEO Energy buying JX Nippon’s UK assets for $1.7 billion
UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.
Noreco CFO taking over as acting managing director after CEO resigns
Noreco has revealed that its CEO resigned from the position, while its CFO has been appointed as the new managing director of the company.
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Denmark grants funds for Crestwing’s wave energy device optimisation
The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
€420M green shipping fund launched in the Netherlands
Amsterdam-based sustainable investment management company Prow Capital has launched a €420 million (about $474 million) green shipping fund.
Liquid Wind secures $16.9M for eMethanol facility
Swedish power-to-fuel developer Liquid Wind has received €15 million ($16.9 million) for its FlagshipONE eMethanol fuel-producing facility from Swedish Climate Leap.
EIB’s €200M loan to boost Nexans’ role in energy transition
The European Investment Bank (EIB) has granted a €200 million loan facility to Nexans to support its role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030.
Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
World’s first multi-megawatt wind and wave energy hybrid secures test site
Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its 5MW hybrid floating wind and wave energy platform off the coast of Gran Canaria.
Offshore regulator probes into Equinor’s management system for materials, lifting equipment & ops
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.