Business & Finance
Maersk acquires Portuguese logistics startup
Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup.
DFDS targets Eastern Europe with ICT Logistics acquisition
Danish ferry and logistics company DFDS continues to grow its logistics portfolio as it acquired compatriot freight forwarder ICT Logistics.
Report: Ithaca to buy Marubeni’s North Sea assets for $1 billion
Ithaca Energy has reportedly agreed to acquire Marubeni’s oil and gas assets in the North Sea in a deal valued at $1 billion.
SolarDuck and Pondera ink 555 MWp offshore solar deal
Dutch Pondera and SolarDuck have signed a memorandum of understanding (MoU) for the development of 555 MWp of offshore solar projects over the coming years.
Former boss of RWE Renewables to help lead BP’s business transformation
BP has elected a former CEO of RWE’s renewable business to head its gas & low carbon energy business as the current head is leaving.
Horisont Energi applies for CO2 storage license off Norway
Horisont Energi has submitted an application for a license to establish the Polaris CO2 storage facility off the coast of Finnmark, Norway. The purpose of the permit application is to establish storage for CO2 that is captured during the large-scale production of clean ammonia at the planned Barents
Swiss fund backs SINN Power with further €3 million
Schweizer Kapital Global Impact Fund is investing a further €3 million in SINN Power to support the market entry of the company’s Ocean Hybrid Platform (OHP) and the modular power electronics components ModTroniX (MTX).
JERA invests in Hydrogenious LOHC Technologies
JERA Americas, a US-based subsidiary of the Japanese energy giant, makes a $17.7 million investment in German hydrogen technologies company Hydrogenious LOHC.
Regulator grants drilling permit to Ineos for Norwegian Sea well
The Norwegian Petroleum Directorate has granted INEOS E&P Norge a drilling permit for a wildcat well located in the Norwegian Sea.
Orbital to lead EU-backed floating tidal net-zero project
Scottish Orbital Marine Power is set to lead a pan-European consortium to deliver the €26.7 million FORWARD-2030 project dedicated to accelerating the commercial deployment of floating tidal energy.
Ocean Yield to get new owner
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has initiated the process to acquire Norwegian shipowner Ocean Yield ASA.
Siem Offshore upgrades PSV with hybrid battery package
Siem Offshore confirmed on Saturday that its dual-fuel platform support vessel Siem Symphony was upgraded with a hybrid battery package.
UK adds €262 million to biggest ever renewable energy support scheme
The UK has decided to support renewable energy projects through its latest Contracts for Difference (CfD) auction with an additional €265 million, of which €55 million per year has been earmarked for wave, tidal, floating wind and geothermal energy projects. Divided into three pots, this will be the
Aker Solutions to modify Ekofisk topsides for Tommeliten Alpha tie-back
Aker Solutions has been awarded a large topside modification contract by ConocoPhillips for the Tommeliten Alpha project offshore Norway.