Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

EBRD Funds US$ 30 Million Solar and Storage Project in Egypt to Enhance Clean Energy Infrastructure

(IN BRIEF) The EBRD is providing a US$ 30 million equity bridge loan to Scatec ASA’s Obelisk Solar Power project in Egypt. The loan will finance the construction of a 1 GWac solar plant and 200 MWh battery storage system … Read the full press release

EBRD Partners with Garanti BBVA Romania to Support Green Economy Investments and Banking Stability

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €50 million subordinated loan to Garanti BBVA Romania to enhance its capital base and support sustainable lending. Garanti BBVA Romania will use the funds to invest in … Read the full press release

EIB Global and Family Bank Partner to Support Women and Youth Entrepreneurs in Kenya with €100 Million Financing

(IN BRIEF) EIB Global and Family Bank in Kenya have launched a €100 million financing initiative to support small and medium-sized enterprises (SMEs), particularly those owned or led by women and youth entrepreneurs. The partnership, which includes a €50 million … Read the full press release

University of Twente Study Highlights Inconsistencies in Climate Adaptation Plans Across European Cities

(IN BRIEF) A new study led by Dr. Diana Reckien at the University of Twente has revealed that 70% of climate adaptation plans in European cities are internally inconsistent, which significantly hampers their ability to effectively address rising climate risks. … Read the full press release

Gasum’s Charter Vessel Kairos to Use Bio-LNG for FuelEU Maritime Compliance, Cutting Carbon Footprint of Shipping Industry

(IN BRIEF) Gasum’s chartered LNG bunker vessel Kairos will run on bio-LNG to support FuelEU Maritime compliance and further reduce the carbon footprint of the shipping industry. This collaboration with Bernhard Schulte strengthens Gasum’s commitment to providing sustainable solutions for … Read the full press release

Norrslam AB to Launch Sweden’s First Full-Scale Sludge Incineration Plant at Umeå Eco Industrial Park

(IN BRIEF) Norrslam AB plans to establish Sweden’s first full-scale sludge incineration plant at Umeå Eco Industrial Park to address the country’s wastewater treatment by-products. This innovative project will incorporate mono-incineration technology, using liquid sludge as a fuel source, and … Read the full press release

AeroDelft Makes History as First Student Team to Test Electric Aircraft Powered by Liquid Hydrogen

(IN BRIEF) AeroDelft has made history as the first student team to successfully test an electric aircraft propulsion system powered by liquid hydrogen, marking a significant step in the journey towards sustainable aviation. The POTOMAC Phase III trial demonstrates the … Read the full press release

British Gas Launches “Taking Care of Things” Campaign with Heartwarming Ad Featuring New Brand Characters

(IN BRIEF) British Gas has launched its new brand platform, “Taking care of things,” featuring a heartwarming campaign centered around a lovable family, “The Things,” to represent the company’s dedication to providing reliable home services. The campaign, which includes a … Read the full press release

Evonik Completes Global Transition of PU-Additive Production to Green Electricity, Strengthening Sustainability Commitment

(IN BRIEF) Evonik has completed the transition of its global PU-additive production sites to green electricity, aligning with its sustainability goals of reducing emissions and improving production efficiency. This shift applies to the company’s amine and silicone platforms, and includes … Read the full press release

Fortum Earns Nomination for Best Customer Service in Norway’s Electricity Sector After Significant Customer Engagement

(IN BRIEF) Fortum has been nominated once again for Norway’s Best Customer Service in the electricity sector, reflecting its commitment to customer satisfaction. The nomination follows over 20,000 customer interviews, and the award ceremony will take place during the Customer … Read the full press release

Wood Secures $118 Million in Offshore Operations Contracts with Shell UK, Dana Petroleum, and CNOOC International

(IN BRIEF) Wood has secured contract extensions worth $118 million to continue its operations and maintenance services for Shell UK, Dana Petroleum, and CNOOC International’s UK offshore assets. This expansion reinforces Wood’s reputation as a trusted partner for North Sea … Read the full press release

voestalpine Calls for Continued Electricity Price Compensation to Protect Austria’s Energy-Intensive Industry

(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release

UP Catalyst, FENC, and Oxylus Energy Win “Best CO2 Utilisation 2025” Award for Transformative Carbon Emission Technologies

(IN BRIEF) The “Best CO2 Utilisation 2025” Innovation Award has been presented to three innovators in the field of carbon capture and utilisation for their groundbreaking work in transforming CO2 emissions into valuable products. UP Catalyst’s technology for producing battery-grade … Read the full press release

Ocean Yield Expands Stake in France LNG Shipping, Enhancing LNG Sector Presence

(IN BRIEF) Ocean Yield AS has increased its stake in France LNG Shipping (FLS), raising its indirect economic interest from 34% to 45%. The transaction will add about USD 250 million to the company’s EBITDA backlog. FLS operates 12 LNG … Read the full press release

Koppö Energia Partners with thyssenkrupp Uhde for E-Methanol Plant Using Green Hydrogen and CO2

(IN BRIEF) Koppö Energia has chosen thyssenkrupp Uhde’s green methanol technology for its e-methanol plant in Kristinestad, Finland, part of a power-to-x project aimed at producing sustainable e-methanol for maritime and e-gasoline markets. This plant will capture CO2 and use … Read the full press release

SGS Expands Certification Services to Support New E-Micromobility Safety Regulations in New South Wales

(IN BRIEF) SGS is expanding its testing and certification services to comply with new regulations in New South Wales, Australia, aimed at improving the safety of e-micromobility devices and batteries. This expansion allows SGS to issue certifications for e-bikes, e-scooters, … Read the full press release

Ørsted Halts Hornsea 4 Offshore Wind Project in the UK Due to Rising Costs and Increased Risks

(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release

Euronext introduces new initiatives to strengthen Europe’s strategic autonomy in energy, security and defense sectors

(IN BRIEF) Euronext has introduced a series of initiatives focused on enhancing Europe’s strategic autonomy in energy, defense, and technology. These initiatives include the launch of thematic indices targeting energy security, aerospace, defense, and strategic autonomy. Additionally, Euronext is updating … Read the full press release

DNV Launches Advanced Solar Resource Measurement Stations to Boost Italy’s Renewable Energy Efforts

(IN BRIEF) DNV has launched a network of advanced solar resource measurement stations across Italy to support the country’s renewable energy goals. These stations measure solar irradiance, albedo, and soiling data to optimize energy output, particularly for bifacial solar modules, … Read the full press release

DNV and Havtil’s collaboration on AI-driven safety improvements targets dropped object incidents in offshore industry

(IN BRIEF) DNV and the Norwegian Ocean Industry Authority (Havtil) have launched a collaborative project to enhance offshore safety using artificial intelligence (AI). Their report, focusing on reducing risks related to dropped objects, demonstrates how AI can extract valuable insights … Read the full press release