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Minesto sees slight decline in operating income, widens operating loss
Business & Finance

Minesto sees slight decline in operating income, widens operating loss

Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2

about 2 years ago
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Business & Finance

Lhyfe secures €149 million grant for green hydrogen plant near Le Havre

Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.

about 2 years ago
Texas LNG inks 20-year LNG offtake deal with Gunvor
Business & Finance

Texas LNG inks 20-year LNG offtake deal with Gunvor

Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.

about 2 years ago
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Business & Finance

Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program

Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
Contract extension to bring 2009-built Siem vessel outside North Sea
Business & Finance

Under contract extension, 2009-built Siem vessel to work outside North Sea

Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension for utilization for a period reaching towards the end of Q4 2024. Commencement will be in direct con

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business & Finance

With public input period up and running, more gas drilling on the cards for Australia

Beach Energy has submitted a proposal for a natural gas project off the coast of Australia, which is now open for public consultation.

about 2 years ago
First steel cut for advanced Spain-made unmanned vessel
Business & Finance

First steel cut for advanced Spain-made unmanned vessel

Spain’s GONDAN Shipbuilders has cut the first steel for an advanced unmanned surface vessel (USV) that will perform subsea inspection, maintenance and repair (IMR) and survey work. GONDAN Shipbuilders started the construction of the USV in collaboration with USV A/S, an alliance of DeepOcean, Solsta

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies enriches its low-carbon portfolio with Talos’ entire CCS business

TotalEnergies has expanded its carbon capture and storage (CCS) arsenal by acquiring Talos’ CCS business, including three projects along the U.S. Gulf Coast.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies resumes gas flow from first field as North Sea project enters ‘core’ start-up phase

TotalEnergies is days away from bringing its redevelopment project in the Danish sector of the North Sea back online, as gas from one of the fields flows into the offshore facilities.

about 2 years ago
Mersey Tidal barrage
Business & Finance

‘World’s largest tidal scheme’ takes next step toward realization

Liverpool City Region’s Mayor has presented the UK’s “first of a kind” barrage scheme between Wirral and Liverpool for the city region’s flagship Mersey Tidal Power project. Said to have the potential to become the “world’s largest” tidal scheme, the Mersey Tidal Power project would potentially crea

about 2 years ago
France looking at options to increase interconnection capacity with UK
Business & Finance

France looking at options to increase interconnection capacity with UK

The French Energy Regulatory Commission is investigating the opportunity for a new electricity interconnection between France and the UK, in addition to three that are currently operating. France’s Commission de régulation de l’énergie (CRE) launched a public consultation on March 5 concerning the o

about 2 years ago
New liquid biogas plant on the horizon in Port of Gothenburg
Business & Finance

New liquid biogas plant on the horizon in Port of Gothenburg

Nordion Energi and St1 signed an agreement for the supply of liquid biogas in the Port of Gothenburg where new facility is being planned.

about 2 years ago
ONE
Business & Finance

ONE completes its first EU carbon allowance transaction

Singapore-based shipping company Ocean Network Express (ONE) has finalized its inaugural European Union Allowances (EUA) transaction with French bank BNP Paribas.

about 2 years ago
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