Swedish company CorPower Ocean has secured a private investment of €9 million, bringing total equity funding to support the demonstration of its first commercial-scale wave energy device in the flagship HiWave-5 project to over €20 million. The investment round was led by Midroc New Technology and
Piraeus-based LNG shipper GasLog has signed a deal and plan of merger with BlackRock Global Energy & Power infrastructure.
Transocean sank to a net loss in the last quarter of 2020 compared to the prior quarter but managed to reduce its losses in the y-o-y comparison.
The UK Department for Business, Energy and Industrial Strategy (BEIS) has launched an Offshore Wind Investment Programme to support the delivery of manufacturing investment in the offshore wind supply chain in disadvantaged or deprived regions in the UK. UK-registered businesses can apply until 11:5
Hanseatic Energy Hub (HEH) concluded its extended non-binding phase of the open season for the LNG terminal in Stade, Germany.
Pilot LNG has received a Letter of Interest (LOI) from the Export-Import Bank of the United States (US EXIM) to provide development financing for Pilot’s Galveston LNG bunker port project.
Subsea technology and services provider Ashtead Technology has invested £1 million to develop a new R&D and engineering facility in Aberdeenshire. The firm has also launched a recruitment drive to bolster its operations as part of its long-term business goal. Upgrading an existing site at Thainstone
Operator Neptune Energy and its partners have started production from the Gjøa P1 development in the Norwegian sector of the North Sea.
All of the regulatory conditions relating to Premier’s merger with Chrysaor have been satisfied and the requisite antitrust approvals have been received.
Italian oil and gas company Eni said that the Damietta LNG facility in Egypt produced and lifted on Monday.
The Nigerian Department of Petroleum Resources (DPR) has launched the oil and gas search, rescue, and surveillance (SeRAS) command and control centre in Lagos.
Norwegian subsea technology firm Blue Logic has created a new company, Subsea USB, to provide its underwater inductive connectors to the global subsea industry. The product rights, technology and patents of Subsea USB’s connectors previously belonged to Blue Logic and the Kristiansand-based Wireless
Russian nickel and palladium mining company Nornickel plans to develop a project to produce LNG on the site of the company’s former Nickel plant to significantly cut carbon emissions.
US Wind, the developer of the MarWin offshore wind project off the coast of Maryland, has entered into a partnership with Sea Risk Solutions, a US-based business which will assist the company with engagement efforts with fishermen in Maryland and the greater Delmarva region. The partnership, which w
