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The oil and gas company BP has agreed to join Statkraft and Aker to develop offshore wind energy in Norway. The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. […]
The South Korean GS Caltex makes its first carbon neutral crude oil purchase frrom Lundin Energy. GS Caltex has announced that it has purchased 2 million barrels of crude oil will be loaded in July to be delivered to Korea in September. GS Caltex can process up to 800,000 barrels of crude oil per day, […]
The North Sea between Norway and United Kingdom completes the world’s longest electricity link. The North Sea Link will help connect the electricity systems of the two countries via high voltage subsea cables from Kvilldal in Norway to Blyth in the UK. Linking Nordic and British energy markets will bring a number of benefits, including: […]
The Corp, Astomos Energy has purchases carbon neutral LPG cargo at the scale of the Very Large Gas Carriers (VLGC) which is believed to be first of its kind from shell . This move by Astomos Energy is due to the tightened targets of carbon reduction around the globe as the global gas producers commit […]
BP Singapore and Pavilion Energy Trading & Supply has signed a sale and purchase agreement (SPA) for the supply of around 0.8 million tonnes of liquefied natural gas (LNG) per year to Singapore for 10 Years from the year 2024. Both the companies will work together to implement greenhouse gas (GHG) quantification and reporting methodology. […]
The Oil Giant Petronas Carigali Sdn Bhd has granted its Deepwater EPCIC Contract to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC. The contract includes construction, Engineering, Procurement, Commissioning and Installation for subsea production system, Umbilical, Riser and Flowline (SURF) for its Limbayong Deepwater Development. The signing was held virtually it was represented by […]
The electric car giant Tesla to buy $1 billion worth Australian minerals for batteries and engines The minerals include Australian Lithuim, nickel and other critical minerals. Robyn Denholm, the Chairwoman of Tesla, said in a speech during a Minerals Council of Australia event. “Australia has the minerals to power the renewable energy age throughout the […]
The Dutch court ordered Shell oil company a subsidiary of Royal Dutch Shell plc to cut 45% of carbon emissions by 2030. This ruling could possibly pave the way for legal action against energy firms around the world. The district court in Hague ruled that the energy giant has a duty to reduce emissions and […]
The Swedish based company H2 Green Steel (H2GS) has raised $105 million initial funding to accelerate the transition into fossil-free steel making . The steel company targets large European OEM’s and also will be one of the large scale steel producer based on a fossil-free manufacturing. H2GS has developed a close collaboration between the investor […]
The European solar developer Lightsource bp to develop solar hub in North South Wales, Australia, with a capacity of 400MWdc. The solar farm which is to be developed is adjacent to Lighthouse bp’s 200MWdc Wellington solar farm which is currently under construction. The combined solar hub will have a capacity of 600MVdc, Once operational. The […]
The Saudi Arabian public petroleum and natural gas company Aramco has announced its intention to transfer the sales and marketing responsibility for a number of Aramco petrochemicals and polymers to SABIC. The resale responsibility of various SABIC products will be transferred to to Aramco Trading company. The planned and the effect of the changes will […]
The British multinational oil and gas company BP plc has announced gas production from third stage of West Nile Delta (WND) development which is off the mediterranean cost in Egypt. With approximately $9 billion, The development of WND includes five gas fields across the north Alexadria, West Mediterranean Deepwater offshore concession blocks in the Mediterranean […]
