General – CSOV Business
MOL has decided to jointly own two Commissioning Service Operation Vessels (CSOVs) with Schoeller Holdings, with delivery scheduled in 2027.
[Read more…] about MOL makes first entry into European Offshore Wind CSOV BusinessVena Group signs $750M investment deal with Taean County
General – Funding
Vena Group has signed an investment agreement with Taean County in South Korea worth USD 750 million over the next five years.
[Read more…] about Vena Group signs $750M investment deal with Taean CountyMilaha is strengthening its maritime position
General – Investment
Milaha, which is planning to modernise its fleet, particularly offshore vessels, has laid out plans to strengthen its presence in Kuwait and Iraq, deepen trade flows between Asia and the Middle East, explore new trade opportunities in East and North Africa, and selectively expand operations in Saudi Arabia and the UAE.
[Read more…] about Milaha is strengthening its maritime positionEquinor steps back from CCS Expansion
General – Carbon Capture and Storage
Equinor, long regarded as one of the global standard-bearers for carbon capture and storage, is scaling back its near-term investment plans for CCS as project economics and customer demand fail to mature at the pace once expected.
[Read more…] about Equinor steps back from CCS ExpansionChevron unwilling to operate under Lukoil’ terms
Fossil Energy – West Qurna 2 Oil Field
Chevron is unwilling to operate in Iraq on the terms of the Russian company Lukoil.
[Read more…] about Chevron unwilling to operate under Lukoil’ termsInvestment in PEL 37 off Namibia’s coast
Fossil Energy – Namibia
Sintana Energy, based in Canada, unveils exciting plans for Walvis Basin Expansion off the Coast of Namibia.
[Read more…] about Investment in PEL 37 off Namibia’s coastEquinor plans 250 exploration wells in Norway by 2035
Fossil Energy – Equinor
Equinor plans to drill 250 oil and gas exploration wells in Norwegian waters over the next 10 years to achieve a goal of sustaining output in 2035 at 2020 levels, driven by expectations of prolonged fossil fuel demand.
[Read more…] about Equinor plans 250 exploration wells in Norway by 2035Pentland floating offshore wind project secures backing
Wind Energy – Funding
Pentland Floating Offshore Wind Farm in Scotland, developed by funds managed by Copenhagen Infrastructure Partners P/S, announces investment from Great British Energy, National Wealth Fund and Scottish National Investment Bank each with the option to invest up to £50m.
[Read more…] about Pentland floating offshore wind project secures backingBerlin to set aside € 7.6 bln to acquire stake in TenneT Germany
General – Acquisition
The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT’s German unit, an economy ministry spokesperson said last week.
[Read more…] about Berlin to set aside € 7.6 bln to acquire stake in TenneT GermanyCIP to invest USD 3B in PH’s first offshore wind project
Wind Energy – Philippines
Copenhagen Infrastructure Partners (CIP) will invest USD 3 billion to build its first offshore wind farm in Camarines Sur, marking its first project in Southeast Asia and a major boost to the Philippines’ clean energy transition goals.
[Read more…] about CIP to invest USD 3B in PH’s first offshore wind project