A unit of China’s State Power Investment Corporation has purchased stakes in two plants as part of a Brazilian LNG-to-power project located in Rio De Janeiro. SPIC Brasil entered the deal with the project operator, Gas Natural Acu. GNA is a venture consisting of UK’s energy giant BP, Germany’s engin
Deltic Energy has significantly boosted gas volumes and decreased risk profile at the Selene prospect located in the UK North Sea.
Acting on dry cargo asset opportunities, Danish shipping company Dampskibsselskabet Norden A/S has announced new vessel deals.
World’s leading offshore wind developer Ørsted reported a 17 per cent increase in earnings from offshore and onshore wind farms in operation in the first half of 2020. The earnings, which stood at DKK 8.2 billion (EUR 1.08 billion), were driven by the ramp-up of power generation from the Hornsea Pro
Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel.
On August 6, Japanese shipping company NYK Line, shipbuilder Japan Marine United Corporation (JMU), and classification society Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel
India’s Petronet LNG said Tuesday it invoked a force majeure for nine long-term cargoes with its suppliers due to lower demand in the country caused by the Covid-19 lockdown. The country’s largest LNG importer has a deal to buy 7 mtpa from Qatargas and 1.44 mtpa from Exxon Mobil from the Gorgon proj
Ørsted could face delays on two offshore wind projects due to the effects of the COVID-19 pandemic. The construction of offshore substation topsides for the two projects, the 1.4 GW Hornsea Project Two in the UK and the 900 MW Greater Changhua 1 & 2a in Taiwan, was paused after the Singaporean shipy
The Isle of Man Steam Packet Company (IoMSPC) has awarded contracts for the construction and technical advisory services for its new battery hybrid ferry.
MingYang Smart Energy now has 1,000 MW in installed offshore wind turbines, according to the company’s social media post from 11 August. The company reached the milestone with the Yangjiang Nanpeng Island offshore wind farm, owned by China General Nuclear Power Group (CGN), which will feature 73 MyS
Danish Energinet has begun the construction of the onshore converter station for the Viking Link interconnector between the UK and Denmark. The 740km HVDC link will connect Revsing in South Jutland, Denmark, and Bicker Fen in Lincolnshire, UK. Munck Supply Lines is set to begin installing the land c
The new EU Strategy on Offshore Renewable Energy must include a target of 100MW of ocean energy installed in Europe by 2025, Ocean Energy Europe reported. This would be enough to power 100,000 European homes a year, and would pave the way for installing 3GW by 2030 and 100GW by 2050. This target wou
Norwegian offshore vessel owner Solstad Offshore has been awarded contracts for three vessels for operations in Australia.
Verdant Power has successfully integrated its three, fifth generation (Gen5), tidal power turbines onto its TriFrame mount in preparation for on-water delivery and deployment at the RITE Project site in New York City’s East River. Verdant earlier shipped the turbines by barge from its New Jersey mar
