Houston-based oil and gas company Talos Energy has received stockholder approval for the acquisition of EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico. The deal is expected to double Talos’ operated deepwater facility footprint. Talos Energy announced on 8 February
Korean industry majors, led by shipping heavyweights HMM and Sinokor, have joined forces on the development of nuclear-powered ships. The Memorandum of Understanding (MoU) was signed earlier today by representatives of Gyeongju city, the Gyeongbuk Province, Korea Atomic Energy Research Institute, th
Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand.
Montenegro’s Minister of Finance, Aleksandar Damjanović, and representatives of the United States (US) Department of State have discussed the economic relations between the two countries with an emphasis on cooperation in the field of energy, agreeing to take action in regard to the Bar LNG terminal
Brazilian energy companies Comerc Eficiência and Casa dos Ventos have signed a Memorandum of Understanding (MoU), that includes ammonia, with the TransHydrogen Alliance (THA), a consortium formed by Proton Ventures, GES, Trammo DMCC, and Varo Energy, whose objective is to create new supply chains fo
Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a
Sweden-based OX2 has entered into a partnership with the Norwegian consumer goods company Orkla to supply green hydrogen to the company’s Haraldsby factory in Åland. The aim of the cooperation is to assess and plan the supply of hydrogen from 2025. The hydrogen for Orkla’s factory in Saltvik, Åland
Energy company TotalEnergies Marine Fuels has completed its first refuelling of a Hapag-Lloyd container vessel in Singapore with sustainable marine biofuel.
Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce
RWE, LOTTE Chemical Corporation and Mitsubishi Corporation have agreed to jointly study the development of a large-scale integrated clean ammonia production and export project in Port of Corpus Christi, Texas, US. To this end, the parties have signed a joint study agreement (JSA) with a strategic al
TECO 2030, Shell, and consortium partners have started the HyEkoTank project which has been awarded a €5 million grant under the European funding scheme HORIZON EUROPE. The project started on 1 February and is planned to last for 3 years, with the ultimate goal of eliminating emissions during voyage
Norwegian shipping company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the European Union Emission Trading System (EU ETS).
Norwegian tanker shipping heavyweight Frontline announced that the Emergency Arbitration claims filed by its Belgian counterpart Euronav have been fully dismissed by the Emergency Arbitrator. “The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Fro
Dutch tank storage company Vopak has decided to acquire the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, and gain access to the Gunvor concession in the Antwerp port area, with an aim to sustainably redevelop the site to support renewable energy. The site’s size is some 105
