Japan’s oil and gas producer Inpex has secured two offshore hydrocarbon exploration licenses in Malaysia’s latest bid round. Inpex reported on 15 February that it had executed production sharing contracts (PSC) with Petroliam Nasional Berhad (Petronas), Petronas Carigali Sdn. Bhd. (PCSB) and Petrole
Japanese energy major JERA has signed a Memorandum of Understanding (MOU) with Abu Dhabi National Energy Company (TAQA) that will see them explore opportunities to work together to develop projects in the area of decarbonisation. The partnership follows JERA’s efforts to develop business in the Midd
Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.
Dry bulk shipping company Golden Ocean Group Limited (GOGL) has purchased three scrubbers that will be installed on three of its Capesize vessels due for drydock in 2023. The company assigned $1.2 million for the purchase, excluding installation costs. Scrubbers, also known as exhaust gas cleaning s
Carbon Clean has secured a contract to supply the carbon capture equipment for Ørsted’s FlagshipONE project in Sweden, also known as Europe’s largest green methanol project. Under the contract, Carbon Clean will deliver carbon capture equipment capable of capturing 70,000 tonnes per year of CO2 from
UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.
Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.
French container shipping major CMA CGM Group has entered into exclusive discussions with STEF Group to acquire 100% of La Méridionale, a mixed freight and passenger shipping company based in Marseille. “With this acquisition, CMA CGM Group wishes to pursue its development in the Mediterranean, whil
Workers employed by Wood Group on TAQA platforms and Petrofac on one of Ithaca’s platforms are being balloted for strike action.
Nexans has reported an all-time high adjusted backlog of €3.5 billion for its Generation & Transmission business in 2022, an increase of 51 per cent compared to 2021, said to be pulled by the Celtic Interconnector project. In the “record financial year” for the French cable maker, Generation & Trans
Norwegian floating solar company Ocean Sun has released financial results for 2022, marking a significant increase in revenues when compared to a year before.
State-owned transmission system operator Gasgrid Finland is progressing its hydrogen transfer infrastructure demonstration project with a €9.5 million grant for project design and potential construction. The demonstration project aims to construct a pipeline to enable the hydrogen generated at Kemir
Spain-based water utility Miya has expanded its activities to the renewables sector with the acquisition of a stake in Xfloat, an Israeli floating solar developer.
Bureau of Ocean Energy Management (BOEM) has made adjustments to monetary penalties for oil and gas companies, implementing the 2023 inflation adjustments.
