General – LNG
Chevron CEO Mike Wirth noted that shifting regulations and rising labor costs in Australia may pose challenges to attracting new investment.
[Read more…] about No new Chevron investments in AustraliaMiddle East gas giant outlines $20 billion investment plan
Fossil Energy – ADNOC
ADNOC Gas is steaming ahead with projects to expand its production capacity, it said Aug. 6, as parent company Abu Dhabi National Oil Co. simultaneously works to boost its production capacity to 5 million b/d by 2027.
[Read more…] about Middle East gas giant outlines $20 billion investment planShell invests in Mina West gas development
Fossil Energy – Egypt
BG International an affiliate of Shell, has announced a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.
[Read more…] about Shell invests in Mina West gas developmentGermany invests in Philippines
Wind Energy – Investment
Germany is making a US$6.7B investment in the Philippines for 3,260 MW of offshore wind energy.
[Read more…] about Germany invests in PhilippinesUK secures £7.5 billion Japanese investment in key growth sectors
General – Investment
The UK government has unlocked £7.5 billion of investment into key growth sectors as the Minister for Investment signed a new deal with the Sumitomo Corporation in Tokyo.
[Read more…] about UK secures £7.5 billion Japanese investment in key growth sectorsDOF invests in Modular Cable Repair Spread
General – Cable Repair
DOF has announced an investment in a first-of-its-kind, modular cable repair spread designed to transform how offshore wind operators respond to cable faults.
[Read more…] about DOF invests in Modular Cable Repair SpreadInvestment to accelerate South Korea’s transition to renewable energy
Wind Energy – South Korea
Vena Energy, a leading green energy solution provider in the Asia-Pacific region, has announced an investment to accelerate South Korea’s transition to renewable energy and enhance its energy independence.
[Read more…] about Investment to accelerate South Korea’s transition to renewable energyChina is planning more investment into offshore wind turbines
General – China
China said on Wednesday it would develop a package of major projects to tackle climate change as it moves to bring its carbon dioxide emissions to a peak before 2030 and become carbon neutral by 2060.
[Read more…] about China is planning more investment into offshore wind turbinesNext Ocean secures investment to scale offshore safety technology
General – Safety Technology
Next Ocean, a pioneer in Vessel Motion Radar technology, has secured Seed Investment from Arches Capital to drive its expansion and enhance maritime safety worldwide.
[Read more…] about Next Ocean secures investment to scale offshore safety technologyOrsted slashes 2030 investment program by 25%
Wind Energy – Investment
Denmark’s Orsted has decided to cut its 2030 investment program by 25%, the renewable energy firm said on Wednesday to Reuters, as the offshore wind industry grapples with rising costs and supply chain issues.
[Read more…] about Orsted slashes 2030 investment program by 25%