The Netherlands Enterprise Agency (RVO) and the Dutch Ministry of Economic Affairs and Climate Policy (EZK) have awarded VoltH2 a substantial operating subsidy for the Stimulation of Sustainable Energy Production and Climate Transition (SDE++) to support the production of green hydrogen. SDE++ is th
Italy’s cabling giant Prysmian has secured a €120 million loan from Italian investment bank Cassa Depositi e Prestiti (CDP) which will be invested in R&D for network upgrading purposes. The loan will be used to support R&D plans focused on the implementation of innovative technologies and contribute
The Norwegian Ministry of Petroleum and Energy has received applications from five companies seeking permits related to the injection and storage of CO2 on the Norwegian continental shelf (NCS). The area is located in the North Sea and was announced on 11 January in accordance with the storage regul
Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.
Essar Group’s Stanlow Terminals has announced it will develop a major new open-access import terminal for green ammonia in the Port of Liverpool, UK. According to Stanlow, this new terminal, which will be an expansion of existing facilities, will provide the connecting infrastructure to enable signi
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States dropped down by one unit last week.
French container shipping major CMA CGM welcomed nine e-methane-ready dual-fuel container ships into the fleet in 2022. The ships pertain to CMA CGM’s $10.2 billion investment in a fleet of 77 LNG-powered and “e-methane ready” vessels of which 32 are already in operation. The company also has six bi
Norway’s seismic company PGS has commenced a 3D seismic survey over a license offshore Namibia on behalf of Pancontinental Orange, a wholly owned subsidiary of Pancontinental Energy NL. PGS is carrying out the 3D survey over a planned area of approximately 6,800 square kilometers in block PEL 87 usi
IOG plc has started drilling the second Blythe production well, as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea.
Woodside has entered into a deal with Pancontinental, enabling it to get an exclusive option to acquire a stake in a licence off Namibia.
Malaysian energy company Petronas has awarded consulting company Namaka Subsea with a contract for the provision of diving contractor and competency assurance services. “We are thrilled to have been selected by Petronas for this contract,” said Namaka Subsea’s Managing Director, Lee Duncan. “This is
The UAE’s Abu Dhabi National Oil Company (ADNOC) and Italy’s Eni have signed a Memorandum of Understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability, and decarbonisation. Through this agreement, Eni and ADNOC said they will explore
Shell has made a new oil discovery in an exploration well offshore Namibia with Northern Ocean’s Deepsea Bollsta semi-submersible rig.
With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?
