Italy’s energy giant Eni has signed a sales and purchase (SPA) agreement with Indonesia’s Merakes LNG Sellers to secure additional 0.8 billion cubic meters (bcm) per year of LNG. The agreement comes into effect in January 2024 and will run for three years, in addition to the contract with Jangkrik L
South Korean shipbuilding major HD Hyundai Heavy Industries has signed the contract for the construction of 17 liquefied natural gas (LNG) carriers with Qatar Energy worth a staggering $3.9 billion. The contract signing was held on Wednesday as part of South Korea’s President Yoon Suk Yeol’s state v
Tony Lewis, CTO of OceanEnergy, also known as the ‘father of ocean energy’, has been selected as the recipient of the 2023 Vi Maris Award for his contribution to advancing wave and tidal energy and technology. Vi Maris, meaning ‘power of the sea, is an industry award established by Ocean Energy Euro
Aker BP and ConocoPhillips Skandinavia have commenced production from the Kobra East & Gekko (KEG) oil and gas fields located on the Norwegian shelf a couple of months earlier than estimated. When submitting the plan for development and operation (PDO) for KEG to the Norwegian Ministry of Petroleum
The carbon capture and storage (CCS) business has been facing strong headwinds on its journey to becoming a feasible lever for hard-to-abate sectors to decarbonize. The role of carbon capture is increasingly gaining prominence as governments come to realize that renewable energy alone cannot provide
Yara Growth Ventures, the venture investment arm of Norwegian Yara International, and UK-headquartered Navigator Holdings have each acquired a 14.5% interest in the Norwegian ammonia bunkering startup Azane Fuel Solutions. The companies led an investment round of €5.4 million in Azane to commence co
Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8
Brazil’s Ceara state government and GoVerde Energia & Apollo Asset have signed a memorandum of understanding (MoU) with the aim of producing solar energy and green ammonia at the port of Pecém. The MoU was signed ahead of the second annual conference World Hydrogen Latin America which is scheduled t
European aerospace giant Airbus has selected French maritime firm Louis Dreyfus Armateurs (LDA) to renew its fleet of chartered vessels with three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. Airbus has commissioned LDA to build, own, and operate these new vessels th
The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
The Port of Los Angeles and Port of Guangzhou, China, signed a Memorandum of Understanding (MOU) to bolster cooperation on the development of digital supply chain infrastructure, creation of a Trans-pacific Green Shipping Corridor between the two ports, and other sustainability initiatives to reduce
Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA) have partnered up for a funding facility to be used to advance the development of Hyphen’s green hydrogen project in Namibia. According to Hyphen, the Project Preparation Facility from the DBSA will go towards the partial fund
Seaway7, part of the Subsea7 Group, has been awarded a contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III offshore wind projects in the Polish part of the Baltic Sea. Seaway7’s scope of work includes the engineering, procurement, construction, and i
The North Sea Transition Authority (NSTA) is ready to agree a two-year extension to the second term for the Pilot license to UK-headquartered oil and gas company Orcadian Energy. As announced in September, Orcadian entered into a non-binding heads of agreement (HoA) with a North Sea operator which p
