US energy infrastructure company New Fortress Energy (NFE) has finalised its agreements with Mexican state-owned electric utility Comisión Federal de Electricidad (CFE) as part of a growing strategic alliance. The final agreements, which were originally revealed on 5 July 2022, are expected to be ex
As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.
Austria’s integrated oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore a new partnership in deliveries for liquefied natural gas (LNG). Under the MoU, OMV and ADNOC intend to explore a partnership in LNG supply to suppor
QatarEnergy and ExxonMobil have agreed to independently market liquefied natural gas (LNG) produced at their joint venture Golden Pass LNG Terminal in Sabine Pass, Texas. As explained, the companies will better serve their downstream customers while meeting increased global demand. ExxonMobil affili
French hydrogen producer Lhyfe and Norwegian hydrogen systems supplier Hexagon Purus have entered into commercial cooperation for the distribution of green and renewable hydrogen in Europe. As part of the deal, the parties agreed to cooperate on the delivery of Hexagon Purus’ type 4 hydrogen distrib
Keppel Infrastructure, National University of Singapore (NUS), and Nanyang Technological University (NTU Singapore) have teamed up to explore the development of an offshore hybrid system which could harness solar, wind, and tidal energy for continuous power generation.
NKT has completed the construction of the second extrusion tower for high-voltage power cables at its factory in Karlskrona, Sweden. NKT can now start manufacturing high-voltage power cables in the new tower, designated as NKT Lighthouse, in the fourth quarter of the year. The 150-meter tall tower i
Shell will explore carbon transport and storage options in Brunei & Singapore, which could be part of a potential CCS hub in Southeast Asia.
Danish Ørsted, said to be the world’s leading offshore wind developer, and Norway’s energy giant Equinor have entered into an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period wi
The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.
German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity.
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase f
JERA Asia, a subsidiary of Japanese energy giant JERA, has revealed its plans for collaboration with IHI Asia Pacific to explore potential ways to expand the use of ammonia in Malaysia’s energy sector. JERA and IHI signed a memorandum of understanding (MoU) which states that the parties will jointly
