Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
American transportation and logistics company Matson has confirmed plans to convert the main engine of its 2019-built container ship Kaimana Hila to run on LNG. The ship’s engine will be converted from an MAN B&W S90ME-C10.5 unit to a dual-fuel ME-GI unit that can run on LNG. The retrofit of the 3,6
The UK government has confirmed the £205 million budget for renewable energy projects in the fifth round of contracts for difference (CfD) auction, which features plans to cut the tidal stream ring-fence from £20 million to £10 million.
Norway’s Statnett has decided to reduce the maximum capacity on the 1,400 MW North Sea Link interconnector between Norway and the UK in order to make a balance for import and export. Capacity will be set to a maximum of 1,100 MW in both directions, from the installed capacity of 1,400 MW, and will b
UK-headquartered energy giant Shell has published in its Energy Transition Progress Report 2022, which shows it has met its climate targets as part of its energy transition strategy and reached a 30% reduction in carbon emissions from its operations by the end of 2022 compared with 2016 on a net bas
Minesto has announced the preliminary outcome of its rights issue which brough in SEK 120 million (€10.7 million) of fresh funding for the company’s tidal energy technology and projects.
Polish and Ukrainian gas transmission system operators (TSOs) have discussed their future cooperation and issues related to natural gas transmission infrastructure in order to enhance energy security in the region. On 15 March, Poland’s GAZ-SYSTEM and the Gas Transmission System Operator of Ukraine
The Norwegian Ministry of Petroleum and Energy has rejected the license application for the construction and operation of a 1.4 GW overseas interconnector between Norway and the UK. The ministry reported on 16 March that after an overall assessment, it had come to the conclusion that there is no bas
The Biden-Harris Administration, through the US Department of Energy (DOE), has announced the availability of $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen. The funding launches the first tranche of implementation of two provisions of Presiden
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022.
Netherlands-based Elegant Exit Company (EEC) has signed a Memorandum of Understanding (MoU) with Spain’s Astander Shipyard to collaborate on ship recycling initiatives. Located at the southern end of the Port of Santander, Northern coast of Spain, Astander is a shipyard with 130 years of expertise i
UK’s Prax Exploration & Production has reached an agreement with compatriot Hurricane Energy for the acquisition of the North Sea-focused company for approximately £249 million. Hurricane Energy is focused on fractured basement reservoirs offshore West of Shetlands on the UK Continental Shelf and ho
Energy company Aramco and gas and engineering company Linde Engineering have signed an agreement to jointly develop a new ammonia cracking technology, using their experience and capabilities in industrial research and development, lower-carbon hydrogen, and ammonia cracking technology. Aramco said t
The governments of California and Japan have formalized a partnership aimed at working together to cut pollution at seaports and establish green shipping corridors. The two sides signed a Letter of Intent (LoI) on port decarbonization and green shipping corridors on Wednesday in Tokyo as part of a w
