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Business & Finance

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Wison & Genting sign LNTP deal to buy equipment for FLNG unit in Indonesia
Business & Finance

Wison & Genting sign LNTP deal to buy equipment for FLNG unit in Indonesia

Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine, and Genting Oil & Gas Limited (GOGL), via its wholly-owned indirect subsidiary PT Layar Nusantara Gas (PTLNG), have entered into a limited notice to proceed agreement (LNTP) to purchase $43.04 million of long lead items for a 1

about 3 years ago
The installation of EEL Energy’s tidal turbine in Rhône river (Courtesy of EEL Energy)
Business & Finance
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French tidal energy company eyes up to €2M of fresh funding

French company EEL Energy is looking to raise up to €2 million in new funding to help advance its tidal energy technology and projects.

about 3 years ago
Gina Krog platform in North Sea; Source: Øyvind Torjusen/Equinor
Business & Finance

Equinor hands over development plan for multi-million gas tie-back in North Sea

Equinor has submitted a plan for the development and operation (PDO) for a gas discovery in the North Sea.

about 3 years ago
SCZONE, Dutch officials pen cooperation deal to boost green fuel investments
Business & Finance

SCZONE, Dutch officials pen cooperation deal to boost green fuel investments

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), and the Dutch consortium and Rotterdam City have signed a cooperation protocol that aims to attract investments in establishing green hydrogen production plants and facilities. The parties signed the deal during El-Dien’s meeti

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 3 years ago
21 carbon storage licenses awarded in UK’s landmark licensing round
Business & Finance

21 carbon storage licenses awarded in UK’s landmark licensing round

A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 3 years ago
MOWT hydrokinetic turbine concept (Courtesy of MWNW Consulting/Rivtide Power)
Business & Finance

Rivtide Power grabs six-figure Scottish Enterprise grant for tidal energy tech

Rivtide Power, a subsidiary of MWNW Consulting, has been awarded a £100,000 SMART: SCOTLAND feasibility study grant by Scottish Enterprise to further develop its tidal energy technology.

about 3 years ago
Rijeka Terminal
Business & Finance

Construction starts on Maersk’s EUR 380 mln state-of-the-art terminal in Rijeka

A momentous occasion in the history of the Port of Rijeka, Croatia, unfolded on Wednesday, September 13, as the ground-breaking ceremony officially marked the commencement of construction for the highly anticipated Rijeka Gateway terminal. Destined to become the most advanced and remote-controlled c

about 3 years ago
ConocoPhillips books regasification capacity at Gate LNG terminal
Business & Finance

ConocoPhillips books regasification capacity at Gate LNG terminal

U.S. energy major ConocoPhillips has signed a long-term commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. The 15-year throughput deal for approximately 1.5 million tons per annum (mtpa) or 2 bcm equivalent is expected to begin in

about 3 years ago
A photo of the Seagreen offshore wind farm in Scotland
Business & Finance

TotalEnergies, Petrobras and Casa dos Ventos eye joint development of offshore wind, low-carbon hydrogen in Brazil

TotalEnergies, Petrobras and Casa dos Ventos Holding, a joint venture between TotalEnergies and Casa dos Ventos, have signed a memorandum of understanding (MOU) to assess opportunities for joint development of low-carbon hydrogen and renewable energy projects in Brazil, including offshore wind. Unde

about 3 years ago
Monjasa
Business & Finance

Monjasa launches biofuel supply in Latin America

Monjasa, one of the world’s top 10 marine fuels suppliers, is charting a course toward a sustainable and scalable biofuel solution for the maritime sector in Latin America. As the International Maritime Organization (IMO) sets its sights on full decarbonization of the shipping industry by 2050, drop

about 3 years ago
NKT hits 'important milestone' in its net-zero emissions journey
Business & Finance

NKT hits ‘important milestone’ in its net zero journey

Denmark-headquartered power cable company NKT has received approval from the Science Based Targets initiative (SBTi) for its near-term decarbonization targets, said to represent an important step towards becoming a net-zero emissions company by 2050. NKT Cables Group commits to reducing its absolute

about 3 years ago
OCI inks green H2 supply deal with NFE to boost its green NH3 production
Business & Finance

OCI inks green H2 supply deal with NFE to boost its green NH3 production

Dutch producer and distributor of hydrogen-based products OCI Global and U.S. energy company New Fortress Energy (NFE) have signed an agreement for OCI to offtake green hydrogen from NFE’s ZeroParks beginning in 2025, following a competitive bidding process. OCI said that green hydrogen will be prod

about 3 years ago
GMS Shamal; Source: Ocean Oilfield
Business & Finance

Ocean Oilfield begins maintenance and upgrade work on GMS’ jack-up barge

Ocean Oilfield Integrated Solutions has started its new maintenance and upgrade assignment on a jack-up barge, which was awarded by the UAE-headquartered Gulf Marine Services (GMS).

about 3 years ago