Category Archives: Energy, Gas & Oil

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

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

DNV and Ørsted Achieve Milestone in Carbon Capture and Storage Project Bifrost with Feasibility Study Approval for CO2 Transportation via Repurposed Pipeline

(IN BRIEF) DNV and Ørsted have achieved a major milestone in the development of Project Bifrost, a CCS project aimed at CO₂ underground storage in the Danish North Sea. DNV has granted a Statement of Feasibility (SoF) for repurposing Ørsted’s … Read the full press release

GTT strengthens position as global leader in vessel performance management with Danelec acquisition

(IN BRIEF) GTT has signed an agreement with Verdane to acquire Danelec, a leading maritime data solutions provider, for €194 million. This acquisition positions GTT as the global leader in vessel performance management and enhances its presence in the Voyage … Read the full press release

BayWa AG successfully completes sale of stake in RWA Raiffeisen Ware Austria, reducing liabilities by over €500 million

(IN BRIEF) BayWa AG has completed the sale of its 47.53% stake in RWA Raiffeisen Ware Austria AG (RWA AG), a move that reduces its bank liabilities by over €500 million. The transaction, worth €176 million, followed the necessary regulatory … Read the full press release

Salzgitter Group Commits to Sustainability with €100 Million Investment in Energy Efficient Furnace and Heat Recovery System

(IN BRIEF) The Salzgitter Group is investing a substantial amount in a new walking beam furnace and waste gas heat utilization system at its hot strip mill, aimed at significantly reducing energy consumption and CO2 emissions. The walking beam furnace … Read the full press release

National Grid Appoints Zoë Yujnovich as New Chief Executive to Lead the Next Phase of Growth

(IN BRIEF) National Grid plc has announced the appointment of Zoë Yujnovich as its new Chief Executive, effective 17 November 2025. She will succeed John Pettigrew, who is retiring after nearly 10 years in the role. Zoë joins from Shell … Read the full press release

Langley Holdings to Showcase Power Solutions at Datacenter Global Congress 2025

(IN BRIEF) Langley Holdings plc, through its Power Solutions Division, is addressing the growing demand for reliable power solutions by bringing together Bergen Engines, Marelli Motori, and Piller Power Systems. At the Datacenter Global Congress 2025, Langley’s team, including founder … Read the full press release

Infineon Launches CoolSET™ System in Package (SiP) for Efficient Power Delivery in Home Appliances and AI Servers

(IN BRIEF) Infineon Technologies has launched the CoolSET™ System in Package (SiP), a compact and integrated power controller designed to deliver efficient power for applications like home appliances and AI servers. This innovative product eliminates the need for an external … Read the full press release

Alexander Schober Appointed Global Head of Infrastructure at KfW IPEX-Bank

(IN BRIEF) Alexander Schober has been appointed Global Head of the Infrastructure sector at KfW IPEX-Bank, effective May 1, 2025, following Aida Welker’s transition to the bank’s Management Board. Schober has been with the bank since 2008 and brings a … Read the full press release

Equinor Sells 60% Interest in Peregrino Field to PRIO for USD 3.35 Billion as Part of International Portfolio Optimization

(IN BRIEF) Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has finalized an agreement with PRIO Tigris Ltda. for the sale of its 60% operated interest in the Peregrino field offshore Brazil. The total transaction value amounts to USD … Read the full press release

Marsa LNG Plant Marks Groundbreaking Ceremony in Oman to Lead Energy Transition in the Middle East

(IN BRIEF) The Marsa LNG plant, located in Sohar, Oman, celebrated its groundbreaking on May 1, 2025, marking a milestone for the Middle East’s energy industry. TotalEnergies and OQEP are developing the plant, which will produce 1 million tons of … Read the full press release

Official Start of Permitting Process for Zeeland Energy Terminal by VTTI and Höegh Evi to Enhance Energy Security

(IN BRIEF) VTTI and Höegh Evi have launched the permitting process for the Zeeland Energy Terminal (ZET), a key project for enhancing the Netherlands’ energy infrastructure. The Ministry of Climate and Green Growth (KGG) has issued the Notification of Intent … Read the full press release

INEOS and Covestro Forge Strategic Long-Term Natural Gas Agreement to Strengthen European Industrial Competitiveness

(IN BRIEF) INEOS and Covestro have entered into a long-term natural gas supply agreement lasting up to eight years, ensuring stable and predictable energy for Covestro’s European operations. The agreement, set to begin in 2027, supports both companies’ goals to … Read the full press release

Alfa Laval to Celebrate 100 Years in Japan at World Expo 2025 in Osaka

(IN BRIEF) Alfa Laval is excited to participate in the World Expo 2025 in Osaka, Japan, as a partner in the Nordic Pavilion. The event will address key global challenges, from improving energy efficiency to decarbonizing shipping. Alfa Laval’s presence … Read the full press release

Businesses Push for Growth and Sustainability as Energy Demand Soars, According to New EY Research

(IN BRIEF) New EY research reveals that businesses are increasingly focused on electrification, emissions reduction, and managing energy costs, with over 70% of companies planning to increase focus on these areas over the next three years. As energy demand soars, … Read the full press release

INEOS and Wagenborg Reach Key Milestone with Completion of Europe’s First Offshore CO₂ Carrier

(IN BRIEF) Europe’s first offshore CO₂ carrier, currently under construction at Royal Niestern Sander shipyard, represents a major step in advancing carbon capture and storage (CCS) infrastructure. This milestone will facilitate the transportation of liquefied CO₂ from onshore sites to … Read the full press release

Ørsted Expands Partnership with Schroders Greencoat through GBP 456 Million Farm-Down of West of Duddon Sands Stake

(IN BRIEF) Ørsted has completed a farm-down of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat, valued at GBP 456.1 million. The transaction supports Ørsted’s capital structure, risk diversification, and capital recycling strategy. … Read the full press release