Industry News

June 2021

Oil prices climb as uncertainty mounts over fate of Iran sanctions

Crude oil prices continue to make gains amid rising confidence in the market of a demand recovery and uncertainty over t...

25 Jun

June 2021

ExxonMobil planning to cut US office jobs by up to 10% annually

ExxonMobil is reportedly planning to reduce its workforce at its offices in the US by up to 10% annually over the next t...

24 Jun

June 2021

Shell and BP announce start-up of Gulf of Mexico development

The Manuel project at the Na Kika platform in the US Gulf of Mexico, jointly owned by energy giants Shell and BP, has st...

24 Jun

June 2021

Japan commits to financial aid for decarbonisation projects in Asia

Japan has committed to providing financial aid of US$10bn for the energy transition in south east Asia through decarboni...

23 Jun

June 2021

Siemens Energy signs MoU on floating mobile offshore wind units

The mobile offshore wind pioneer Odfjell Oceanwind has entered into a memorandum of understandng (MoU) with Siemens Game...

22 Jun

June 2021

Saudi Aramco completes US$12.4bn pipeline stake sale

Saudi Aramco has completed the sale of a 49% stake in its pipelines unit for US$12.4bn (£8.9bn) to a group led by EIG. T...

22 Jun

June 2021

Aker BP and partners begin production from Grasel field in Norwegian Sea

Aker BP and partners have started production from the Grasel field in the Skarv area, located in the northern part of th...

21 Jun

June 2021

Lightsource bp acquires 703MW solar portfolio in Spain

Europe’s largest solar developer Lightsource bp has acquired a 703MW solar project portfolio in Spain from Jorge Energy,...

21 Jun

June 2021

Ørsted plans carbon capture at Avedøre power station

Ørsted has identified the 100MW straw-fired unit at the Avedøre power station in Copenhagen as the best point source of ...

18 Jun

June 2021

A record-setting first quarter for US solar power

More than 100 gigawatts (GW) of solar power capacity has now been installed in the US, marking a doubling in size of the...

17 Jun

June 2021

Siemens Gamesa wins 340MW Japan order for typhoon-class wind turbines

Wind turbine manufacturer Siemens Gamesa will supply 79 of its typhoon-class onshore wind turbines for Japan’s 339.7MW D...

17 Jun

June 2021

Equinor finds oil near Visund field in North Sea

Equinor and partners Vår Energi and Aker BP have made an oil discovery in the Garantiana West prospect near the Visund f...

16 Jun

June 2021

DSME and Saipem win US$2.3bn Petrobras contract for Brazilian FPSO

Brazilian state-owned oil and gas company Petrobras has awarded a US$2.3bn (£1.6bn) contract to construct a new floating...

16 Jun

June 2021

G7 pledges to accelerate progress on nuclear for decarbonisation

Leaders of the G7 countries have committed to ‘an overwhelmingly decarbonised power system in the 2030s and to actions t...

15 Jun

June 2021

DEWA to add 600MW solar capacity in Dubai in 2021

Dubai Electricity and Water Authority (DEWA) has announced that it will add a further 600MW of clean energy capacity in ...

15 Jun

June 2021

Enel Green Power starts commercial operations of South America’s largest wind farm

The Enel Group’s Brazilian renewable energy subsidiary Enel Green Power Brasil Participações Ltda (EGPB) has started com...

14 Jun

June 2021

BP joins Statkraft and Aker Offshore Wind to develop Norwegian offshore wind

A consortium including BP, Statkraft and Aker Offshore Wind (AOW) has been created to bid on new offshore wind projects ...

14 Jun

June 2021

Sonardyne sets UK goal to reach net zero by the end of 2025

Marine technology equipment supplier Sonardyne is aiming to become carbon neutral by the end of 2025, making it the firs...

11 Jun

June 2021

450MW pumped storage hydro project in Scotland gains government approval

A 450MW pumped storage hydroelectric power project has received approval from the Scottish Government to be built with a...

10 Jun

June 2021

Consultation gets underway for solar farm in East Cambridgeshire

EDF Renewables is planning to develop a 49.9MW solar farm – Cadenham – to the west of the A14 Newmarket bypass, and sout...

10 Jun

June 2021

Turkey makes big gas discovery in Black Sea

Turkish President Recep Tayyip Erdoğan has announced that the country has made a significant natural gas discovery in th...

9 Jun

June 2021

Scotland’s biggest wind farm generates first power for the UK grid

The 950MW Moray East offshore wind farm has provided its first power to the UK national grid. The under-construction pro...

9 Jun

June 2021

EIC member STATS Group expands Qatar presence

Former EIC Company of the Year award winner STATS Group has expanded its operations in the strategically important marke...

8 Jun

June 2021

Amarinth supplies interchangeable vertical pump for the Karachaganak project

Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equ...

7 Jun

June 2021

Aggreko: UK manufacturers prioritising in post-pandemic recovery

Manufacturing businesses are heavily focussed on flexible generation and distribution alongside decarbonisation of their...

7 Jun

June 2021

Turkey announces significant new gas find in the Black Sea

Turkey’s state energy company Tpao has announced the discovery of 135bn cubic metres of gas at the Amasra-1 offshore wel...

6 Jun

June 2021

Kloeckner wins multi-million pound contract at Hinkley Point C

Kloeckner Metals UK has announced the award of a multi-million pound contract by BYLOR to produce embedment sleeves for ...

4 Jun

June 2021

AEG Power Solutions supplying power at Haurup wind power site

AEG Power Solutions, a global provider of power supply systems and solutions for industrial, critical infrastructure and...

3 Jun

June 2021

UAE’s Masdar wins 457MW solar bid in Uzbekistan

Abu Dhabi headquartered renewables firm Masdar has won a contract to build a 457MW solar PV plant in Uzbekistan. The Uzb...

3 Jun

June 2021

Ørsted enters into agreement on green power for groundbreaking hydrogen project

Ørsted and HOFOR (Greater Copenhagen Utility) have entered into an agreement that will secure green power for part of th...

2 Jun

June 2021

South Korean firms partner to develop liquid hydrogen project

Refining company GS Caltex and LNG importing giant Korea Gas Corporation (KOGAS) have signed an agreement for liquid hyd...

2 Jun

June 2021

Lightsource bp to invest in Portuguese solar power plants

Lightsource bp has announced an investment of €900m for developing five utility-scale solar power projects with a combin...

1 Jun

June 2021

STATS Group posts 9% revenue increase despite COVID-19 challenges

Pipeline technology specialist STATS (UK) Ltd delivered revenues of £42.5m (US$60.3m) and recorded EBITDA earnings of £6...

1 Jun

May 2021

Equinor, RWE and Hydro to develop large-scale offshore wind farm in Norway

Equinor, RWE Renewables and Hydro REIN have reached a collaboration agreement to jointly develop a large-scale offshore ...

28 May

May 2021

ABB collaborates with Equinor on digital integration

ABB has begun a pilot project with Equinor in Norway, at the Gina Krog platform in the North Sea. The project will enabl...

28 May

May 2021

EDF Renewables Ireland announces plans for Mayo wind farm

EDF Renewables Ireland is planning to develop a 100MW wind farm to the south of Bellacorick in Mayo. The proposed projec...

27 May

May 2021

Aker Solutions signs contract for East Anglia THREE offshore wind project

Aker Solutions, in a consortium with Siemens Energy, has signed a contract with ScottishPower Renewables to provide the ...

27 May

May 2021

Enel Green Power starts construction of three solar photovoltaic plants in Spain

Enel Green Power España (EGPE) has started construction of the Veracruz, Puerta Palmas and El Doblón solar photovoltaic ...

26 May

May 2021

ADNOC awards contract to NPCC for Belbazem development

The Abu Dhabi National Oil Company (ADNOC) has awarded a contract worth AED2.73bn (US$744m) to the National Petroleum Co...

25 May

May 2021

Gazprom begins construction on CPECG facility in Russia

Gazprom has broken ground on an ethane-containing gas processing complex (CPECG) in Russia’s Leningrad region. According...

25 May

May 2021

Cummins partners with Iberdrola to build 500MW green hydrogen plant in Spain

Cummins has partnered with Iberdrola for one of the world’s largest electrolyzer plants for the production of green hydr...

25 May

May 2021

Subsea 7 awarded contract offshore Brazil

Subsea 7 announced the award of a contract by Petrobras for the development of the Mero-3 field. The field is located ap...

24 May

May 2021

Consultation gets underway for solar farm in west Northamptonshire planned by EDF Renewables

EDF Renewables is planning to develop a 49.9 MW solar farm – Glassthorpe – between the villages of Flore and Upper Heyfo...

24 May

May 2021

Vestas wins first EnVentus order in Asia Pacific for a 157 MW project in Australia

Vestas has secured a 157 MW order from Neoen to deliver the engineering, procurement and construction of Kaban Green Pow...

21 May

May 2021

Total signs 5 year LNG supply agreement with Arcelormittal Nippon Steel

Total and ArcelorMittal Nippon Steel (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied n...

21 May

May 2021

Ørsted forms offshore wind partnership in Japan

Danish renewables developer Ørsted has formed partnership with Japan Wind Development (JWD) and Eurus Energy to jointly ...

19 May

May 2021

Energiequelle places order with the Nordex Group for 45 MW in Finland

Energiequelle, an international wind farm developer, has once again commissioned the Nordex Group to supply and install ...

19 May

May 2021

TechnipFMC awarded a significant subsea contract for Ithaca Energy’s Captain EOR Project

TechnipFMC announced that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPC...

18 May

May 2021

Gas drives fossil fuel comeback in Europe

Fossil fuel-fired electricity in Europe has returned to pre-COVID levels, driven by an increase in gas generation, says ...

18 May

May 2021

Maersk Drilling awarded one-well UK contract by INEOS

Maersk Drilling has secured a contract from INEOS Oil & Gas UK to employ the harsh-environment jack-up rig Maersk Resolv...

17 May