(IN BRIEF) BP has begun the first gas flow from the Greater Tortue Ahmeyim (GTA) Phase 1 project, located offshore Mauritania and Senegal. This significant step in one of Africa’s deepest and most complex gas developments marks the project’s move … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, United Kingdom
Tagged apprentice training program, BP, Dave Campbell, energy production, floating production storage and offloading, FPSO, gas flow, Gimi FLNG, Global Energy, Golar LNG, Gordon Birrell, Greater Tortue Ahmeyim, GTA Phase 1, Kosmos Energy, LNG, LNG export, local workforce development, Mauritania, Mauritania and Senegal economic development, natural resources, offshore gas development, PETROSEN, Senegal, SMH, social investment program
(IN BRIEF) Equinor has secured over USD 3 billion in financing for its Empire Wind 1 offshore wind project in the U.S., with financial close reached in December 2024. The project, which will power 500,000 homes in New York by … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged BP, capital investment, construction jobs, Empire Wind, Empire Wind 1, energy security, Equinor, financial close, financing, Jens Økland, Long Island, Molly Morris, New York, New York City grid, New York State Energy Research and Development Authority, offshore wind farm, PSA, renewable energy, SBMT, South Brooklyn Marine Terminal, tax credits, U.S. offshore wind, union jobs, USD 3 billion, wind energy, wind power
(IN BRIEF) The European Investment Bank (EIB) has granted €700 million in loans to EDP SA to advance renewable energy and modernize power grids in southern Europe. A €500 million loan will help EDP Renewables deploy 1,943 MW of solar … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Portugal, Spain
Tagged EDP, EIB, Expansion Projects, Italy, Nuno Ascenso Pires, partnership, PORTUGAL, power grid, renewable energy, Rui Teixeira, Spain, sustainability
(IN BRIEF) BAE Systems’ PHASA-35, a solar-powered High Altitude Pseudo Satellite (HAPS), has successfully completed a series of test flights at Spaceport America, New Mexico, reaching altitudes of over 66,000 feet and demonstrating rapid reusability by relaunching within two days. … Read the full press release
(IN BRIEF) Volkswagen Group and PowerCo have partnered with Patriot Battery Metals to secure a long-term supply of lithium for EV battery production. Volkswagen is investing $48 million for a 9.9% equity stake in Patriot and has signed a 10-year … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged CANADA, EV Battery Production, Jörg Teichmann, Ken Brinsden, Lithium Supply, partnership, Patriot Battery Metals, PowerCo, sustainability, Thomas Schmall, Volkswagen Group
(IN BRIEF) Wood achieved a record-breaking $920 million in contracts across the Middle East in 2024, covering key markets like Saudi Arabia, Iraq, and the UAE. Projects include pre-FEED work for Aramco, integrated design and construction support for TotalEnergies, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Driving Energy Transition, Iraq, Ken Gilmartin, Local Talent Development, Middle East, partnership, Saudi Arabia, sustainability, UAE, Wood Achieves
(IN BRIEF) Gasum is expanding its biogas refueling network by acquiring a filling station in Joensuu, Finland, from Wega Group. The station, set to be fully operated by Gasum starting January 2025, currently offers compressed biogas (CBG) for passenger and … Read the full press release
(IN BRIEF) AFRY has secured a framework agreement with the Norwegian Nuclear Decommissioning agency (NND) to provide project and programme management services, aiding NND in the safe decommissioning of nuclear facilities and nuclear waste disposal. The four-year agreement, with a … Read the full press release
(IN BRIEF) Edison, a leading energy provider with over 140 years of experience, has launched a new e-Mobility app and platform powered by Landis+Gyr’s OCEAN EV Charging Software. This platform provides access to over 30,000 charging stations across Italy, enhancing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Switzerland, Technology
Tagged Antonella Periti, Davide Dotti, e-Mobility Platform, Edison, INNOVATION, Italy, Landis+Gyr, Matevž Mencin, partnership, sustainability, Switzerland
(IN BRIEF) Neste has introduced co-processed Neste RE, a new renewable feedstock for the polymers and chemicals industry. Produced by co-processing renewable raw materials like used cooking oil with fossil crude oil at its Porvoo refinery, this feedstock offers a … Read the full press release
Posted in Agriculture, Business, Chemicals, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged chemicals, feedstock, Jeroen Verhoeven, Neste, Neste RE™, partnership, polymers, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided a €243 million green loan to ERG Group to support renewable energy projects in Italy, France, and Germany as part of ERG’s 2024-2026 Business Plan. The financing will fund three greenfield … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged ERG Group, Europe, European Investment Bank, France, Gelsomina Vigliotti, Germany, Italy, Paolo Merli, partnership, renewable energy, sustainability
(IN BRIEF) Lightsource bp has commenced construction on two major renewable energy projects in Australia: the 585MWdc Goulburn River solar farm in New South Wales and the Woolooga Battery Energy Storage System (BESS) in Queensland. The Goulburn River project, one … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Adam Pegg, Australia, construction, energy transition, Lightsource BP, partnership, renewable energy projects, sustainability
(IN BRIEF) Expro has secured a $10 million contract to provide an integrated well decommissioning solution, combining advanced subsea safety systems and surface processing technology. Using its Aberdeen hub, Expro will deliver a surface fluid management package and its 7-3/8” … Read the full press release
(IN BRIEF) 50Hertz has partnered with GE Vernova and Drydocks World to deliver the Ostwind 4 offshore grid connection, the first in the Baltic Sea to use 2 GW/525 kV direct current (DC) technology. The project will connect an offshore … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged 50Hertz, Baltic Sea, Drydocks World, GE Vernova, offshore grid, partnership, Philippe Piron, Stefan Kapferer, Sultan Ahmed Bin Sulayem, sustainability, UAE, USA
(IN BRIEF) DSV has launched its first renewable energy facilities at its Landskrona, Sweden warehouse, featuring over 100,000 square meters of rooftop solar panels generating 14 MWp of energy. The facility, capable of powering itself, charging electric vehicles, and supplying … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Transportation & Logistics
Tagged Anders Rousing, Brian Ejsing, decarbonization, DSV, logistics, partnership, renewable energy facility, sustainability, Sweden
(IN BRIEF) Alterric, a major renewable energy producer, has partnered with the Nordex Group to install nine N175/6.X wind turbines at the 56 MW Chalkidiki wind farm in northern Greece. This project marks the first use of Nordex’s N175/6.X turbines … Read the full press release
(IN BRIEF) TotalEnergies has sold 50% of its shares in West Burton Energy to EPUKI, the UK subsidiary of EPH, forming a joint venture to operate the 1.3 GW gas-fired power plant and 49 MW battery storage system. The partnership … Read the full press release
(IN BRIEF) Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has approved the final investment decision for the Bonga North project, a deep-water oil and gas development off Nigeria’s coast. The project, which ties into … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Bonga North Deep-Water Project, investment, Nigeria, offshore energy, partnership, Shell, Shell Nigeria Exploration and Production Company Limited (SNEPCo), sustainability, Zoe Yujnovich
(IN BRIEF) Finnish companies will gain access to over €400 million in financing for green and digital transformations through a partnership between Nordea Bank and the European Investment Fund (EIF). Backed by the InvestEU programme, the agreement provides SMEs and … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged businesses, clean technology, EIF, energy efficiency, Financial, Finland, InvestEU, Marjut Falkstedt, Nina Arkilahti, Nordea Bank, partnership, SMEs, sustainability
(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 7-year EUR 42.8 million loan agreement with Sunnhordland Kraftlag AS (SKL) to finance the modernization of the Løkjelsvatnet hydropower plant in Etne, Norway. Completed in October, the upgrade doubled the … Read the full press release
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