(IN BRIEF) TotalEnergies has agreed to sell its non-operated 12.5% stake in the OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million. The deal includes assets in the Bonga and Bonga North fields, … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Bonga field, energy transition, exploration, gas assets, Nicolas Terraz, Nigeria, Nigeria LNG, offshore oil, OML118, partnership, production, Production Sharing Contract, regulatory approvals, Shell Nigeria, TotalEnergies, Ubeta project, upstream portfolio
(IN BRIEF) Centrica Business Solutions has partnered with Carpenter Ltd to decarbonise its Glossop manufacturing site by installing a 1MW solar array on a previously unusable steep bank. The solar farm, set to generate 1,025 MWh annually, will cover 15% … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged biodiversity, biodiversity net gain, carbon reduction, Carpenter Ltd, Centrica Business Solutions, decarbonisation, energy efficiency, energy transition, environmental impact, Glossop, green electricity, Green Energy, operational cost savings, partnership, Push Power, renewable energy, solar array, solar energy, solar installation, sustainability, sustainable business solutions, UK
(IN BRIEF) Centrica Energy is opening its first US office in New York, marking the company’s entry into North America’s gas optimisation market. Following its entry into power markets in 2024, Centrica Energy plans to build a comprehensive gas, power, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged Cassim Mangerah, Centrica Energy, Chris O’Shea, decarbonisation, energy optimisation, energy security, energy trading, energy transition, gas optimisation, gas trading, global energy markets, LNG, natural gas, New York, North America, partnership, power markets, Power Systems, sustainability, trading capabilities, US energy market
(IN BRIEF) The European Investment Bank has provided a €90 million loan to Bordeaux Métropole Énergies to support its 2024-2028 strategic plan, focusing on renewable energy projects and energy-efficient building renovations. This funding will aid in the development of solar … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged biogas, Bordeaux Métropole Énergies, carbon neutrality, district heating, EIB loan, energy efficiency, energy transition, EU climate action, European Investment Bank, Gironde, low carbon solutions, partnership, photovoltaic solutions, renewable energy, REPowerEU, sustainability
(IN BRIEF) As Tempelman, CEO of Eneco, has announced his decision to leave the company to join Signify as their new CEO in September. Kees Jan Rameau, the current COO-IE, will serve as interim CEO until a permanent successor is … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, Netherlands, News
Tagged appointment, As Tempelman, CEO, corporate transition, Eneco, energy transition, executive change, interim CEO, Kees-Jan Rameau, leadership, Mel Kroon, OnePlanetPlan, Shell, Signify, Supervisory Board, sustainability goals
(IN BRIEF) Wood has secured a contract from TA’ZIZ to provide project management consultancy for the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi. The facility will be one of the largest in the world, producing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Technology, United Kingdom
Tagged 2028, Abu Dhabi, Al Ruwais Industrial City, chemical facilities, clean energy technology, construction, Eastern Hemisphere Projects, energy transition, energy-efficient plant, EPC contractor, Gerry Traynor, methanol production, Middle East projects, PMC, Project Management Consultancy, TA'ZIZ, UAE, Wood
(IN BRIEF) Fortum announces that Tero Holländer, Head of Business Line Batteries, will depart the company in August 2025 to pursue new opportunities. Anssi Airas, currently IT Director at Fortum Battery Recycling, will succeed Holländer. Holländer reflects on his rewarding … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, News, Technology
Tagged Anssi Airas, Battery recycling, CEO office, closed-loop hydrometallurgical facility, customer solutions, digitalisation, electrification, energy transition, Esa Hyvärinen, European market, Fortum, Fortum Battery Recycling, Harjavalta, leadership change, lithium-ion batteries, sustainable energy, Tero Holländer
(IN BRIEF) Enel Green Power North America (EGPNA) has signed a swap agreement with Gulf Pacific Power (GPP) to increase its equity stake in operational wind farms in the USA. This agreement will increase Enel’s net installed capacity by 285 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News
Tagged brownfield projects, capacity increase, EBITDA, Enel, Enel Green Power, energy transition, Green Energy, Gulf Pacific Power, net financial debt, operational assets, renewable energy, swap agreement, USA, wind energy, wind farms
(IN BRIEF) TotalEnergies has commenced oil production from the Mero-4 phase of the Mero field in Brazil, which will connect 12 wells to the new Alexandre de Gusmão FPSO unit. This phase increases Mero’s total production capacity to 770,000 barrels … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Investment
Tagged Alexandre de Gusmão, Brazil, CNOOC, CNPC, energy transition, exploration and production, FPSO, greenhouse gas emissions, Mero field, Mero-4, oil production, oil production capacity, Petrobras, Pré-Sal Petróleo S.A., pre-salt Santos Basin, Shell Brasil, sustainability, TotalEnergies
(IN BRIEF) KfW IPEX-Bank has played a leading role in financing the Baltyk 2 and Baltyk 3 offshore wind farms in Poland, each with a 740 MW capacity. With a EUR 3 billion financing for each project, KfW IPEX-Bank, as … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Poland, Technology
Tagged Baltyk 2, Baltyk 3, Coal Phase-Out, energy transition, Equinor, Euler Hermes, European export industry, export credit agencies, financing, greenhouse gas emissions, KfW IPEX-Bank, Offshore wind, offshore wind market, partnership, Poland, Polenergia, renewable energy, Siemens SG 14-236 DD, sustainability, Velibor Marjanovic
(IN BRIEF) ORLEN Upstream Norway, together with its license partners, has made a new oil discovery in the Skarv area of the Norwegian Sea, estimated at 3-7 million barrels. Another discovery was made during drilling, with resources estimated at 1-2 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland, Technology
Tagged Aker BP, Baltic Pipe, E-prospect discovery, energy transition, Equinor Energy, Harbour Energy Norge, Norwegian Continental Shelf, Norwegian Sea, offshore production, oil and gas exploration, oil discovery, oil fields, oil reserves, ORLEN Upstream Norway, partnership, production infrastructure, Skarv area, Skarv FPSO, sustainability, Wiesław Prugar
(IN BRIEF) Centrica plc has finalized an agreement for Spirit Energy to sell a 46.25% stake in the Cygnus gas field to Ithaca Energy for £215 million. The sale includes £116 million in headline consideration and £99 million in decommissioning … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged 2P reserves, carbon capture, carbon storage, carbon storage facility, Centrica, Chris O’Shea, CO2 emissions, Cygnus gas field, decommissioning liabilities, Energy Portfolio, energy transition, gas fields, gas production, Ithaca Energy, Morecambe Net Zero, natural gas, North Morecambe gas field, partnership, South Morecambe gas field, Spirit Energy, strategic divestment, sustainability
(IN BRIEF) Siemens and TURN2X have announced a strategic global partnership aimed at scaling up the production of renewable natural gas. By leveraging Siemens’ Xcelerator portfolio, the collaboration focuses on process optimization, operational excellence, and future-readiness, helping TURN2X meet the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged automation solutions, climate-neutral methane, CO₂ capture, digital twin technology, Energy management, energy transition, Green Energy, GREEN HYDROGEN, industrial energy solutions, partnership, Process Automation, Renewable Natural Gas, Siemens, Siemens Xcelerator, sustainability, sustainable energy, TURN2X
(IN BRIEF) The EIF and BNP Paribas Leasing Solutions have signed a landmark agreement to provide a €200 million portfolio guarantee, aimed at enhancing access to business asset leasing solutions for SMEs and small mid-caps across France, Germany, Italy, and … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged BNP Paribas Leasing Solutions, climate change mitigation, economic development, EIB Group, EIF, energy transition, European Investment Fund, financing solutions, Green Technologies, InvestEU, partnership, portfolio guarantee, renewable energy, small Mid-Caps, SMEs, sustainability
(IN BRIEF) Borealis and Borouge will showcase their expertise in polyolefin infrastructure solutions at K 2025, displaying a wide range of high-performance polyethylene and polypropylene products for pipes and fittings. With nearly 60 years of experience, Borealis has earned its … Read the full press release
Posted in Austria, Business, Chemicals, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, News, Technology
Tagged Borealis, Borouge, BorSafe, Borstar®, energy transition, global expertise, Industrial Systems, infrastructure solutions, INNOVATION, K 2025, partnership, pipes and fittings, Polarcirkel boat, polyethylene, polyolefin, polypropylene, renewable materials, sustainability, sustainable infrastructure
(IN BRIEF) Professor Philip de Goey of Eindhoven University of Technology has pioneered the development of iron powder as a sustainable energy carrier. This innovation allows energy from renewable sources to be stored safely and reused efficiently, offering a new … Read the full press release
Posted in Education, Energy, Gas & Oil, Industrial, Management, Netherlands, News, Science, Technology
Tagged circular economy, clean combustion, CO2-free energy, Eindhoven University of Technology, energy campus, energy storage, energy technology, energy transition, INNOVATION, iron powder, Metalot, Philip de Goey, renewable energy, sustainable energy, zero-gravity experiments
(IN BRIEF) Bilfinger has acquired the UK-based nZero Group, including its subsidiaries Orbital Gas Systems and Thyson Technology, enhancing its expertise in the gas and hydrogen sectors. With a focus on advanced energy systems and clean energy solutions, the acquisition … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Bilfinger, clean energy, CO2 measurement, decarbonization, Electrical Instrumentation and Controls, energy systems, energy transition, gas sector, HSEQ standards, hydrogen sector, Matt Allen, net zero 2050, nZero Group, Orbital Gas Systems, process industry, Sandy Bonner, Thomas Schulz, Thyson Technology, UK
(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
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities
Tagged and Energy, Battery Energy Storage System (BESS), battery storage, clean energy future, CO2 emissions reduction, COP27, EBRD, EGYPT, energy transition, environmental sustainability, FOOD, Green Energy, Nagaa Hammadi, Nexus on Water, renewable energy, renewable energy hub, Scatec ASA, solar power, US$ 30 million loan
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CO2 capture, e-methanol, energy transition, Finland, GREEN HYDROGEN, green methanol technology, Koppö Energia, maritime fuel, partnership, Power-to-X, renewable energy, sustainable fuels, sustainabulity, ThyssenKrupp Uhde
(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
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged breakaway costs, CFD, Contract for Difference, energy transition, Hornsea 4, Offshore wind, partnership, project discontinuation, Rasmus Errboe, risks, supply chain, sustainability, UK, wind energy, Ørsted
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