UTM Offshore and Nigerian National Petroleum Corporation (NNPC) have signed a shareholders agreement with Delta State Government for the development of the nation’s first indigenous floating LNG project. Under the agreement, which was hailed as a significant milestone in the development of the proje
Petronas Carigali, a wholly-owned subsidiary of Malaysia’s state-owned energy giant Petronas, has signed multiple agreements with Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) related to the development of two blocks offshore Malaysia. Petronas Carigali and PTTEP sig
Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager within greenfield renewable energy, has agreed with Mexican authorities to collaborate on Helax Istmo, a green hydrogen and green maritime fuels project in the Isthmus of Tehuantepec, in Oaxaca, Mexico. CIP will develop the H
South Korean shipbuilding major Samsung Heavy Industries (SHI) has won a 310.8 billion won ($240 million) contract to construct two very large ammonia and liquefied petroleum gas (LPG) carriers for a shipping company based in Oceania. The agreement mandates Samsung Heavy to complete and deliver the
Marine geophysical service provider PXGEO has acquired 100% of the share capital of Oslo-headquartered AmpSeis, a geophysical company said to have developed an advanced ocean bottom node (OBN). PXGEO said that the acquisition of AmpSeis is a step forward in its strategy to be the technology leader i
On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) has revealed that six applicants have been shortlisted and invited to submit a full application in the next stage of the $2 billion Hydrogen Headstart program. The applicants include: Together, the applicants are
Japanese energy company JERA has signed an agreement with the Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS) for system design and other support related to the adoption of LNG in the Philippines. The agreement follows the selection of JERA as the contracted party
Akrake Petroleum, a joint venture company of Singapore’s Rex International Holding, has signed a production sharing contract (PSC) for operatorship and a working interest in a field offshore West Africa. The plans include redeveloping the field and restarting production. Akrake Petroleum, a wholly-o
Brazilian oil and gas player Enauta has signed a contract with QatarEnergy Brasil for the acquisition of a stake in oil fields located in the Campos Basin for $150 million. Enauta reported that it was set to acquire the entire 23% stake held by QatarEnergy Brasil in the oil fields of Abalone, Ostra
The US-based ammonia power solutions company Amogy and Japan’s Mitsubishi Corporation have teamed up to accelerate the adoption of Amogy’s ammonia-to-power and ammonia cracking technology in large-scale hydrogen carrier applications in East Asia, particularly Japan and South Korea. In collaboration
Solstad Offshore has exercised its option to purchase a construction support vessel (CSV) from Norwegian Mpsv at what it finds are attractive terms. The vessel Normand Tonjer was sold to Mpsv for a gross amount of $10 million in 2021 and leased back on a bareboat agreement for a firm three-year peri
The European Union has awarded a €4 million grant to a project aimed at harnessing the untapped potential of wave energy. The SHY Project (Seawater HYdraulic PTO using dynamic passive controller for wave energy converters), a collaborative initiative dedicated to advancing wave energy, received the
By 2030, global hydrogen production will increase to 110 million metric tons (Mt) per year, and probably to 240 Mt by 2040, according to a study, ‘The Roaring ’30s – A clean hydrogen acceleration story,’ by the German-based management consultancy Roland Berger. The study revealed that global hydroge
Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub. Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular pro
