Copenhagen Infrastructure Partners (CIP), one of the largest offshore wind developers, has acquired biogas project Envo Biogas in Tønder, Denmark, from Canada-based clean energy producer Anaergia. The plant was sold to CIP’s Advanced Bioenergy Fund I (CI ABF I), which is developing projects that pro
Countries need to move from years to weeks to develop and build their low-carbon energy infrastructure to meet the net-zero challenge.
Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Fluxys LNG, a part of Belgian natural gas transmission operator Fluxys, has organised a subscription window for the commercialisation of berthing rights for the year 2023. According to Fluxys LNG, small-scale ship loading and unloading services were used more than ever and the market shows interest
Chicago-based ammonia producer CF Industries Holdings has signed a memorandum of understanding (MoU) with South Korean chemical company Lotte Chemical Corporation for a joint exploration of clean ammonia production and its long-term offtake into South Korea. The MoU will serve as a framework for the
Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq
Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.
Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.
The dual-fuel vessel Cajun Sun has completed the first-ever net-zero voyage fuelled by bio-methanol, Methanex Corporation (Methanex) and Mitsui O.S.K. Lines (MOL) revealed. The Cajun Sun, operated by Methanex’s subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar, U.S. on Jan
Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly-owned subsidiary of Sembcorp Marine, with an aim to reduce the carbon intensity of its LNG fleet operations. Under the agreement, Sembcorp Marine w
Chinese power cable specialist Orient Cable (NBO) has commenced the construction of its Southern Manufacturing Base in Yangjiang, Guangdong. The facility covers 170,000 mm2 and represents an investment of over €136 million. According to Orient Cable, it has been designed to cater to both the renewab
On a quest to decarbonise oil and gas field operations, four companies have teamed up to specify and fund pre-FEED for two emission-free power projects.
Marine fuel supplier Peninsula is commencing the supply of biofuels at its hub ports in the Strait of Gibraltar as part of its strategy to meet increased complexity in the marine fuel mix. Peninsula has recently received a permit from ISCC – International Sustainability and Carbon Certification rela
