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Business & Finance

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Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Will UK’s new CCUS strategy open doors to multi-billion global supply chain market?

A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.

14 minutes read
Ofgem to set final cap & floor levels for North Sea Link after post-construction review
Business & Finance
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Ofgem to set final cap and floor levels for North Sea Link

UK energy market regulator Ofgem is set to carry out a post-construction review of the North Sea Link (NSL) after which it will set the final cap and floor levels for the project connecting the UK and Norway. Ofgem granted National Grid North Sea Link (NGNSL) a cap and floor regime with respect to t

about 3 years ago
Illustration/HydroQuest's 1MW turbine for Paimpol-Bréhat site (Courtesy of HydroQuest/Photo by Avotrimage)
Business & Finance

FloWatt developers applaud French government’s tidal energy commitment

The developers of FloWatt tidal energy project – Qair, HydroQuest, and Constructions Mécaniques de Normandie (CMN) – have hailed the French government’s investment in what is to become the world’s largest tidal energy farm.

about 3 years ago
NextDecade reaches FID for Rio Grande LNG
Business & Finance

NextDecade reaches FID for Rio Grande LNG

U.S.-based energy company NextDecade has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tons per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Specifically, the company executed and c

about 3 years ago
Prysmian's renewed credit facility includes environmental and social KPIs
Business & Finance

Prysmian’s renewed credit facility includes environmental and social KPIs

Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolvi

about 3 years ago
South Pars (SP) Phase 11; Source: IOEC
Business & Finance

Gallery: Phase 11 of giant gas field in Persian Gulf to bring Iran up to $5 billion annually

The installation of the much-anticipated South Pars (SP) Phase 11 platform has been completed in the Persian Gulf.

about 3 years ago
Illustration (Courtesy of Supergen ORE Hub)
Business & Finance

UK invests €8.8M to drive innovation in offshore renewables

The Supergen Offshore Renewable Energy (ORE) Impact Hub, led by the University of Plymouth, has secured €8.8 million to accelerate the impact of current and future offshore renewables devices and systems and to drive the UK towards it net zero commitments.

about 3 years ago
Port of Newcastle
Business & Finance

MOL, MHI lead the 30-strong partnership pack in propelling Port of Newcastle into clean energy future

Australia’s Port of Newcastle has formalized 30 partnerships with domestic and multi-national organizations aimed at advancing the port’s plans of regenerating a 220-hectare parcel of industrial wasteland into a dedicated Clean Energy Precinct. The once-in-a-generation project is one of two key deve

about 3 years ago
Technip Energies to provide equipment for TotalEnergies LNG terminal in Le Havre
Business & Finance

Technip Energies invests in cleantech fund to boost path toward net zero

Engineering and technology company Technip Energies has invested in Evok Innovation’s Fund II, a cleantech fund that invests in and supports hard-tech development and focuses on next-generation sectors such as low-carbon hydrogen, carbon capture and removal, electrification and critical minerals. Ac

about 3 years ago
Hartshead Resources
Business & Finance

Hartshead works on putting funding in place for UK North Sea gas project

Hartshead Resources has appointed specialist corporate finance energy advisors to support its efforts to secure financing for gas project.

about 3 years ago
Weatherford
Business & Finance

Weatherford scores five-year deal with Petrobras

Weatherford International has secured a long-term contract with Petrobras for the provision of intervention services offshore Brazil.

about 3 years ago
Illustration; Source: APPEA
Business & Finance

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read
evergreen
Business & Finance

Evergreen confirms massive $5 bln deal for 24 methanol-fueled containerships

Taiwanese container shipping major Evergreen Marine has sealed the order for twenty-four methanol dual-fuel containerships in a monumental step toward decarbonizing its fleet. The construction deal has been divided between industry major Samsung Heavy Industries (SHI), and Nihon Shipyard, a joint ve

about 3 years ago
Nord Stream investigation finds explosive traces on suspiciously chartered yacht
Business & Finance

Nord Stream investigation finds explosive traces on suspiciously chartered yacht

Germany has found traces of subsea explosives in samples taken from a yacht that may have been used to transport the explosives that damaged the Nord Stream gas pipelines in the Baltic Sea, a letter sent to the UN Security Council states. Four gas leaks were found on the Nord Stream 1 and 2 pipeline

about 3 years ago