International Petroleum Corporation (IPC) has signed a letter of agreement with Petronas for the extension of the Block PM 307 Production Sharing Contract (PSC) covering the Bertam Field offshore Peninsular Malaysia. IPC Malaysia is the operator and holds a 90 per cent participating interest and IPC
Swedish company Waves4Power has opened an equity funding round, looking to secure $25 million, that will support its efforts to unlock opportunities for wave energy developments across the globe.
ENGIE, Shell, Vopak and Anthony Veder have agreed to develop a green hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands. The project named H2Sines.RDAM aims to produce green hydrogen on a unit located in Sines, convert it to liquefied hydro
Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected start of production in 2023. The P-71 platform vessel started production on Wednesday, 21 December. It is installed in the Itapu field in the
OMV Norge and its partners have submitted the plan for development and operation (PDO) for the Berling gas field, previously known as Iris Hades, to Norway’s Ministry of Petroleum and Energy. The Berling field, which stretches across three licenses with aligned ownership interests (PL644, PL644B and
European Commission (EC) has granted approval for Germany’s aid measures to recapitalise energy companies Securing Energy for Europe (SEFE), previously known as Gazprom Germania GmbH, and Uniper in the context of Russia’s war against Ukraine. On 19 December, Uniper and the German Federal Government
DOF Subsea Asia Pacific has secured a contract to provide construction support for riser and spool installation including air and saturation diving for a brownfield expansion project in Malaysia. The award includes project management, engineering, procurement, transportation and installation servic
Cruise company Hurtigruten Norway has received over NOK 67 million ($6.7 million) for its first zero-emission ship.
Canada-based designer and manufacturer of electrolyzers Next Hydrogen Solutions has been awarded $5.1 million from Sustainable Development Technology Canada (SDTC) towards the development and demonstration of its next-generation electrolysis technology. “We are delighted with SDTC’s decision to supp
On 20 December, Massachusetts Governor Charlie Baker and Lt. Governor Karyn Polito announced the award of $180 million in funding for projects supporting offshore wind development, with a part of this earmarked for Prysmian’s high-voltage cable factory in Somerset. The Massachusetts government will
Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.
Seven hydrogen projects in the Netherlands have received a subsidy of almost €800 million from the second wave of Hydrogen Important Projects of Common European Interest (IPCEIs). The projects that received the financial support were assessed by The Netherlands Enterprise Agency (RVO) in the past mo
France’s TotalEnergies and Italian Eni, two oil and gas majors, have made a new gas discovery at the Zeus-1 well in Block 6 located offshore Cyprus. The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs, which, as the partners said, re-enforces the promising outlook for the a
Dutch FPSO operator SBM Offshore has resumed production from the floating, production, storage and offloading (FPSO) vessel Cidade de Anchieta, working offshore Brazil, following a shutdown that occurred at the beginning of the year. The FPSO’s production was interrupted in January when oil was obse
