Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas.It leased four floating storage and regasification units (FSRUs) in May, capable of importing at least 5 billion cubic meters (bcm) of seaborne gas per year each. Two of them are due to become available this year.Wilhelmshaven will become the first LNG hub and Brunsbuettel the second…
Abu Dhabi Future Energy Company (Masdar) has reached a definitive agreement with GEK TERNA and other shareholders to acquire Greece’s Terna Energy in a $3.44 billion (€3.2 billion) deal, representing one of Europe’s biggest renewable energy transactions in 2024…
The onshore tests for the PosHYdon project, which aims to produce green hydrogen on an operational gas platform in the Dutch North Sea, have started in the Netherlands.The PosHYdon pilot kicked off the onshore test successfully at the premises of InVesta…
Eco Wave Power has been selected by a major energy company to conduct a comprehensive feasibility study aimed at identifying the top locations for commercial onshore wave energy stations in the United States and across the globe.Per the terms of the agreement with the unnamed company…
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one…
Spanish company BlueFloat Energy has partnered up with Sydney-based Origin Energy to develop a 1.7GW project at Australia’s Hunter offshore wind zone.The partners have already applied for a Feasibility License to develop the project dubbed Eastern Rise…
Dutch offshore crane maker Huisman launched a renewed series of subsea Knuckle Boom Cranes for the use in the offshore subsea construction market.'With this new series, the company’s portfolio has been adapted to the latest trends in offshore construction vessels with respect to energy efficiency…
Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook.'Renewables are still just meeting increased demand rather than replacing fossil fuels…
Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.Previously known as the Australian Petroleum Production & Exploration Association (APPEA), the change…
Norway's oil and gas industry safety watchdog Petroleum Safety Authority Norway (PSA) has concluded its investigation into a January 2023 incident at Equinor's onshore processing plant in Mongstad, where a worker fell from scaffolding from a height of 23…
Underwater acoustic technology provider Sonardyne has launched its new Origin Acoustic Doppler Current Profilers (ADCPs). The new ADCPs are designed to be simple to operate with class-leading data results, integrated communications, and positioning…
BP CEO Bernard Looney's 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiraling energy prices, while BP's emissions were broadly unchanged, its annual report showed on Friday.BP reported a record profit of $28 billion for 2022 and hiked its dividend…
Germany imported 12.3% less natural gas in 2022 than the previous year, at 1,449 terawatt hours (TWh), as the withdrawal of Russian export supplies of fossil fuels triggered an energy crisis, the country's energy regulator said on Friday. Norway took over from Russia as the number one supplier…
The Dutch offshore installation firm Van Oord said Thursday that its Nexus cable layer had this week rescued 49 refugees in the Mediterranean Sea. 'The cable-laying vessel was contacted by the Malta Rescue Coordination Center to give support…
The Australian Petroleum Production & Exploration Association (APPEA) has appointed Woodside's CEO of Meg O’Neill as Chair, and Beach Energy's CEO Morné Engelbrecht as Vice-Chair following APPEA’s annual general meeting in Perth on Wednesday…
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