GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES
The joint venture between BP and Japan’s JERA has announced it will suspend development of its only U.S. offshore wind project, Beacon Wind, citing unfavourable market conditions and escalating financial pressures across the offshore energy sector.
[Read more…] about BP-JERA halts U.S. offshore wind plansChevron 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 AustraliaADNOC 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 planBG 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 is making a US$6.7B investment in the Philippines for 3,260 MW of offshore wind energy.
[Read more…] about Germany invests in PhilippinesThe 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 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 SpreadVena 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 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, 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 technology
