Dutch tank storage company Royal Vopak and North American energy infrastructure company AltaGas have announced the execution of definitive agreements for a new 50/50 joint venture (JV) to further evaluate the development of the Ridley Island Energy Export Facility (REEF), a large-scale liquefied pet
Xlinks has secured £30 million in funding for the development of what is described as the world’s longest HVDC subsea cable that will link Morocco to the UK. In the early development funding round, £25 million comes from Abu Dhabi National Energy Company PJSC (TAQA) and £5 million from energy techno
Hurricane has advised its shareholders that the terms of the takeover offer, which were received from Prax, are in their best interest.
Newbuild ordering in the tanker industry is picking up momentum with 17 new tanker orders placed last week, shipbroking reports show. Several big industry names make up the list of buyers, including Euronav, Maran Tankers, and Capital Gas, signaling renewed confidence in the industry’s future. The o
Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has opened a fundraising campaign, targeting €855,000 to further advance its business.
UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w
TotalEnergies Marine Fuels, a bunkering unit of French energy giant TotalEnergies, and the Cruise Divison of MSC Group have completed the first LNG bunkering operation at the Port of Marseille Fos in Southern France for the MSC World Europa cruise ship. LNG-powered MSC World Europa was delivered to
Singapore-based ship management company Eastern Pacific Shipping (EPS) has reportedly placed an order for four very large carriers (VLGCs), splashing $100 million apiece. According to broker reports, the company has placed an order for two dual-fuel 93,000 cbm VLGCs at Hyundai Samho and two more at
The companies BP, Gasunie, Nowega, NWO, Salzgitter, Thyssengas, and Uniper are connecting their hydrogen projects in north-west Germany to network Wilhelmshaven as a future location for hydrogen import and production with the industrial consumption centres in North Rhine-Westphalia and Lower Saxony.
DNO has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Wintershall Dea has made a significant oil discovery at an exploration prospect located in shallow waters of the Cuenca Salina off Mexico.
South Korea’s flagship carrier HMM has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels. HMM said that it also plans to conduct the trial use of the fuels on its three 24,000 TEU containerships in the second half of this year. The marine biofuels comprise 30 percen
Nexans Norway has secured NOK 2 billion (around £155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coast
