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Business & Finance

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TAQA
Business & Finance

With new acquisition, TAQA expands its well solutions business across multiple geographies

With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.

about 3 years ago
GasLog Partners and TotalEnergies sign another charter deal
Business & Finance

GasLog Partners enters 2023 with time charter agreements for its LNG carriers

Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart

about 3 years ago
‘You’re in my spot!’ – BP and Ørsted’s UK saga continues as Hornsea Four DCO decision looms
Business & Finance

‘You’re in my spot!’ – BP and Ørsted’s UK saga continues as Hornsea Four DCO decision looms

Grant Shapps, the UK Secretary of State for Business, Energy and Industrial Strategy (BEIS), has less than a month to sign off a decision on Ørsted’s Hornsea Four offshore wind farm, which might not be an easy task as the developer and BP are still at odds over an area where their offshore wind and

about 3 years ago
US firm makes investment into two next-gen ROVs
Business & Finance

US firm makes investment into two next-gen ROVs

U.S.-based Baker Marine Solutions (BMS), a subsidiary of Baker Subsea Solutions (BSS), has made an investment into two “next-generation” inspection class remotely operated vehicles (ROVs). The two Outland 3000 Inspection class ROVs will be fitted with Tritech Gemini 1200ik multi beam sonars, Waterli

about 3 years ago
RWE orders two 100MW electrolysers for GET H2 as it eyes IPCEI funding
Business & Finance

RWE orders two 100MW electrolysers for GET H2 as it eyes IPCEI funding

German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of

about 3 years ago
bulker powered by ammonia
Business & Finance

WinGD, CMB.TECH to develop large ammonia-fuelled engines for Bocimar’s bulker newbuilds

Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines

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

America’s crude oil & natural gas proven reserves on the rise after 2020 lows

Proven reserves of natural gas set a new record in the U.S. in 2021, while proven reserves of oil increased but not to pre-Covid level.

about 3 years ago
Significant emissions and cost savings on the cards for Middle East operator’s rig fleet
Business & Finance

Significant emissions and cost savings on the cards for Middle East operator’s rig fleet

Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review. Xodus reported it had identified more than 25 energy and emissions

about 3 years ago
ExxonMobil plans hydrogen and CCS facility in Texas
Business & Finance

ExxonMobil’s low-carbon hydrogen project in Texas gains ground

ExxonMobil’s low-carbon hydrogen project in Baytown, Texas, has entered a new stage with a contract award to Technip Energies for front-end engineering and design (FEED). The low-carbon hydrogen, ammonia, and carbon capture facility is expected to produce one billion cubic feet of low-carbon hydroge

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

BP delves into global energy trends over next 30 years

BP has unveiled its new energy outlook, highlighting key trends and uncertainties surrounding the energy sector and transition to low-carbon.

about 3 years ago
Oman LNG continues supply deals spree with Turkish BOTAŞ
Business & Finance

Oman LNG continues supply deals spree with Turkish BOTAŞ

Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG

about 3 years ago
EDP joins Cepsa for Andalusian Green Hydrogen Valley project
Business & Finance

EDP joins Cepsa for Andalusian Green Hydrogen Valley project

Global energy company EDP has partnered up with Spanish energy company Cepsa to boost the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa. The agreement includes studying the joint production of green hydrogen as part of the project of up to 1 GW in t

about 3 years ago
Illustration/Ingine’s wave energy demonstration plant in Jeju Island, South Korea (Courtesy of Ingine)
Business & Finance

Innovate UK funds wave energy scheme offshore Indonesia

Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.

about 3 years ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes aims at ‘more intelligent operations and cleaner energy’ with new solutions

U.S. oilfield services provider Baker Hughes has introduced new digital solutions and investments focused on improving efficiency and performance while reducing emissions in order to drive the long-term sustainability of customer operations. Baker Hughes made the announcement at its annual meeting i

about 3 years ago
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