Costamare, Monaco-based owner and provider of containerships and dry bulk vessels for charter, has invested $200 million in Neptune Maritime Leasing Limited, becoming the leading investor in the growth-oriented maritime leasing platform. Neptune Leasing, established in 2021 by seasoned financier Har
Norway’s cleantech company TECO 2030 has achieved a prerequisite required to release the NOK 50 million ($4.6 million) grant given to the company by Innovation Norway in October 2021. Innovation Norway, the Norwegian Government’s instrument for supporting innovation and development of Norwegian ente
Norway’s Golden Energy Offshore Services (GEOS) has secured a bring-to-work (B2W) contract and a medium-term contract in direct continuation for its multi-purpose support vessel (MPSV) Energy Duchess. For the B2W contract, the vessel will be used to accommodate and bring technicians and equipment to
Greek shipping major Tsakos Energy Navigation (TEN) has placed orders for the construction of two scrubber-fitted environmentally designed Suezmax tankers in South Korea. The company did not disclose the name of the yard, however, previous market reports indicate that the builder is Hyundai Heavy In
BW Energy is preparing for the closing of the acquisition of two clusters in the Espírito Santo Basin offshore Brazil.
Shell has taken a final investment decision (FID) for a deepwater project in the U.S. Gulf of Mexico (GOM).
Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall
As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.
Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
The joint venture between Eidesvik Offshore and Reach Subsea has completed the acquisition of the subsea inspection, maintenance, and repair (IMR) vessel Viking Reach. The purchase price for the vessel previously known as Edda Sun was $29 million. Viking Reach is suited for survey and light construc
The UK government has confirmed the £205 million budget for renewable energy projects in the fifth round of contracts for difference (CfD) auction, which features plans to cut the tidal stream ring-fence from £20 million to £10 million.
Norway’s Statnett has decided to reduce the maximum capacity on the 1,400 MW North Sea Link interconnector between Norway and the UK in order to make a balance for import and export. Capacity will be set to a maximum of 1,100 MW in both directions, from the installed capacity of 1,400 MW, and will b
Minesto has announced the preliminary outcome of its rights issue which brough in SEK 120 million (€10.7 million) of fresh funding for the company’s tidal energy technology and projects.
Shell remains the world’s most valuable oil and gas brand for the ninth consecutive year, however, Aramco is closing the gap.
