French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi
Norwegian energy giant Equinor has selected units of German engineering company Linde for front-end engineering design (FEED) work and operation and maintenance of its large-scale low-carbon hydrogen plant in the UK. Equinor’s UK project, named Hydrogen to Humber Saltend (H2H Saltend), is a 600-mega
Italian oil and gas company Eni and the National Oil Corporation of Libya (NOC) have signed an agreement for the development of a strategic project aimed at increasing gas production to supply the Libyan market as well as to ensure export to Europe. Eni’s CEO Claudio Descalzi and Farhat Bengdara, th
Malaysia’s Petronas and oil major ExxonMobil Exploration and Production Malaysia (ExxonMobil) have signed two agreements to jointly pursue carbon capture and storage (CCS) activation projects in Malaysia. Under the agreements, the parties will define their next steps, including the maturation of tec
Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated
Shell has unveiled a simplified organisational structure and executive committee and directorate changes to enhance performance.
A closer look at this week’s highlights of the latest energy transition-related news gives us an insight into what the future may hold for the sector. With the world’s energy security at the top of nations’ agendas, more and more countries around the world are preparing to shift to renewable energy
UK-based oil and gas company Serica Energy has received a renewed license and secondary sanctions assurance from the U.S. Office of Foreign Assets Control (OFAC) for the Rhum field in the North Sea, in which the company has a 50 per cent interest. The license and assurance are set to allow certain U
Welsh company Marine Power Systems (MPS) is looking to appoint a suitably qualified consultant to undertake a final evaluation of the full-scale WaveSub wave energy converter prototype operation.
Germany’s Federal Minister for Economic Affairs and Climate Protection and Vice-Chancellor Robert Habeck and the Australian Minister for Energy and Climate Protection Chris Bowen have agreed to intensify cooperation between the two countries in the area of climate and energy. The focal points of t
San Bernardino Ocean Power Corporation (SBOPC) has launched a request for proposals for the engineering, procurement, and construction (EPC) contract for its Capul Island Ocean Power Project.
Dutch startup Circular Maritime Technologies (CMT) has received a cheque for the €1.7 million grant from the Kansen voor West subsidy program, which is largely financed by the European Regional Development Fund. The company said that the financing would be used for the first steps of CMI’s test and
Brazilian state-owned energy giant Petrobras has elected Jean Paul Terra Prates as the company’s new chief executive officer (CEO), following the resignation of Caio Mário Paes de Andrade announced at the end of last year. Petrobras’ board of directors unanimously appointed Terra Prates as the compa
Technip Energies, an engineering and technology company, has signed two separate Memorandums of Understanding (MoU), one with PCL Industrial Management, a group of independent construction companies, and another with Capital Engineering, a company offering multi-discipline consulting engineering and
