Challenger Energy Group (CEG) has wrapped up the divestment of a majority stake in a shallow water exploration block off the coast of Uruguay. As a result, Chevron Uruguay Exploration, a wholly-owned subsidiary of the U.S.-based energy giant Chevron, is the block’s new operator.
Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).
EIG’s MidOcean Energy has boosted its interest in an LNG export plant, which is described as the inaugural facility of this type in South America, located in Pampa Melchorita, 170 kilometers south of Lima, Peru.
Despite the climate challenges experienced during 2023 and 2024, the Panama Canal closed FY2024 with a total revenue of 4.99 billion PAB (approximately $4.89 billion), around 209 million PAB above budget and 18 million PAB more than the previous year. Getting into the fine print: the results up clos
New Fortress Energy (NFE) has wrapped up another liquefied natural gas (LNG) cargo loading at its floating LNG (FLNG) unit off the coast of Altamira, Mexico. This cargo is destined for the firm’s LNG import and regasification facility in Puerto Rico, which the U.S. firm is interested in continuing t
German BASF and Indian AM Green have signed a non-binding letter of intent (LoI) for the offtake of 100,000 tons annually of ammonia produced exclusively with renewable energy.
Scottish wave energy company Mocean Energy has kicked off a crowdfunding campaign to secure additional investment as it advances its ocean energy technology from the prototype stage toward technology commercialization and internationalization. The company’s technology integrates wave, solar, and bat
Dutch company Royal Vopak has launched marked consultations for the storage of ammonia at its Vopak Energy Park Antwerp site in Belgium. Through market consultations, Vopak aims to gauge market interest and gain detailed insight into customer demand. The consultations opened on October 24 and will r
U.S.-based FuelCell Energy and Korea Hydro & Nuclear Power (KHNP) have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MoU) outlining the possibilities.
French cruise line operator PONANT has received support from the European Commission for its Swap2Zero project – the ‘first’ transoceanic vessel aiming for carbon neutrality.
Danish renewables developer European Energy has officially opened its first green hydrogen facility in Måde, near Esbjerg, marking its first venture into large-scale hydrogen production using renewable energy. Following the completion of the construction in June this year and the commissioning phase
Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN), former Klaipedos Nafta, has confirmed the decision made by the European Union (EU) to earmark funds for the electrification of its LNG terminal on Lithuania’s Kiaulės Nugara Island.
Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil. The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month,
U.S. renewable hydrogen electrolysis company Verdagy has opened a gigawatt-scale electrolyzer manufacturing facility in Newark, California.
