The Polish Office of Competition and Consumer Protection (UOKiK) has approved the construction of offshore wind farms through joint ventures between foreign companies and Poland’s Polska Grupa Energetyczna (PGE) and PKN Orlen. The authority issued two decisions on 12 March, one for each of the two P
German energy company RWE has taken over an additional 20 per cent stake in the Rampion wind farm off the UK from E.ON. Following the closing of the transaction in the first half of 2021, RWE will control a 50.1 per cent stake in the 400 MW wind farm off Sussex. Confidentiality has been agreed [&hel
Marine energy developer Minesto and Schneider Electric have signed a memorandum of understanding to work together to develop and build ocean energy farms based on Deep Green technology.
FAR Limited is putting a stop to further delays of its shareholder meeting to consider the sale of FAR’s interest in the Sangomar project to Woodside.
The industry buzz around large scale demolition of crude oil tankers has brought little tonnage to the scrapyards crushing market recovery hopes pinned on scrapping, BIMCO said. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Nevertheless, there has been all t
Kistos, an investment company chaired by former RockRose founder Andrew Austin, has signed an agreement to buy the entire issued and outstanding share capital of Tulip Oil Netherlands B.V.
Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.
UK-based engineering, construction and services company Subsea 7 said Friday it has won a ‘sizeable’ contract with an undisclosed client. The deal is between $50 million and $150 million, the company said in its Oslo Exchange filing. The scope of work includes engineering, project management and pro
South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering has put a 1.1 trillion won ($968.9 million) on the ten Shell-chartered LNG-fueled VLCCs.
North Sea-focused Jersey Oil & Gas has formally launched the farm-out process of the Greater Buchan Area in the UK North Sea and started talks to raise funds to progress work on the project.
Zero-emission fuels need to make up 5 percent of the international shipping fuel mix by 2030 to enable decarbonization in line with Paris goals, the Getting to Zero Coalition said in an analysis. To reach decarbonization by 2050, zero-emission fuels need torepresent 27 percent of total energy by 203
The pay package of Shell CEO, Ben van Beurden, dropped by 42 per cent to $7 million in 2020, a year marked by low oil prices and the coronavirus pandemic.
Expro Group and Frank’s International have entered into a definitive agreement to combine in an all-stock transaction.
Germany’s Uniper has teamed up with shipping service provider Liberty Pier Maritime Projects and the engineering firm Ship Design & Consult (SDC) to establish green methanol on the market as a sustainable marine fuel. The three companies have formed an open collaboration — the Green Methanol Coopera
