Industry News

May 2021

Vattenfall collaborates with Eramet Norway to support Norwegian electricity grid

Through the collaboration between Vattenfall, Sympower and Statnett, Eramet Norway has gained access to FFR (Fast Freque...

11 May

May 2021

Archer acquires DeepWell for NOK177m

Archer has signed a SPA to acquire DeepWell based on an enterprise value of NOK177m (£15m) on a debt and cash free basis...

11 May

May 2021

PETRONAS strikes first AECO-indexed LNG deal

PETRONAS LNG Ltd has introduced the Canada Alberta Energy Company (AECO) index as a new LNG price indexation to its cust...

10 May

May 2021

Lightsource BP acquires solar projects in Italy

Lightsource BP has acquired 156MW of solar projects from Horizon Firm, expanding its utility scale solar portfolio in It...

10 May

May 2021

Woodfibre LNG signs second sales agreement with BP Gas Marketing Ltd

Woodfibre LNG has signed a second LNG Sales and Purchase Agreement with BP Gas Marketing Limited (BPGM), a wholly-owned ...

7 May

May 2021

Enel breaks ground on 1.5GW renewable energy projects in US

Enel Green Power North America has commenced construction on five new renewable energy and battery storage projects in t...

7 May

May 2021

Equinor and Vårgrønn team up for floating wind at Utsira Nord

Equinor and Vårgrønn have signed a collaboration agreement to jointly apply for offshore wind acreage in Norway for the ...

6 May

May 2021

Baker Hughes awarded subsea contract for Petrobras’ Marlim and Voador fields

Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field...

6 May

May 2021

Breakthrough for Equinor in Polish offshore wind

Poland’s Energy Regulatory Office (ERO) has announced that Equinor and Polenergia’s Bałtyk II and Bałtyk III projects we...

5 May

May 2021

Siemens Energy to supply gas turbine to new power plant in Côte d’Ivoire

Siemens Energy has signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy ...

5 May

May 2021

“A new way to travel,” claims Ventur, as it unveils new identity

A travel management company is claiming to offer ‘a new way to travel’ following a business transformation to elevate st...

4 May

May 2021

EDF Renewables Ireland begins construction of three new solar farms

EDF Renewables Ireland is to start construction of three new solar farms in counties Wexford and Kilkenny this month. Th...

4 May

April 2021

Summit Utilities to acquire CenterPoint Energy's gas distribution assets for US$2.1bn

Summit Utilities Inc has signed a definitive agreement to acquire the Arkansas and Oklahoma gas distribution assets of C...

30 Apr

April 2021

Sonardyne’s Ranger 2 upgrade for US research vessel

Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) underwater tracking technology is to provide improved support to critic...

30 Apr

April 2021

GWEC predicts 3.3m new jobs in wind industry worldwide

New analysis by the Global Wind Energy Council (GWEC) shows that 3.3m new wind power jobs can be created globally over t...

29 Apr

April 2021

Saudi Arabia in talks to sell stake in Saudi Aramco

Saudi Arabia is in talks with an undisclosed global energy company for divesting a stake of 1% in Saudi Aramco potential...

29 Apr

April 2021

EU, EIB offer funding for Guinea-Mali interconnector project in West Africa

The European Union (EU) and the European Investment Bank (EIB) have agreed to provide a €330 loan for the construction o...

28 Apr

April 2021

EDF submits offer to build EPR reactors for Jaitapur plant in India

EDF has submitted a binding techno-commercial offer to the Nuclear Power Corporation of India (NPCIL) to construct six E...

28 Apr

April 2021

Renewables could displace fossil fuels in the world energy mix by 2050

Renewables have increased in popularity in recent years amid the energy transition – but could clean energy technologies...

27 Apr

April 2021

bp announces gas production from West Nile Delta development in Egypt

bp has announced gas production from the Raven field, the third stage of its major West Nile Delta (WND) development off...

27 Apr

April 2021

Met Office and Microsoft to build weather and climate forecasting supercomputer

The Met Office has signed a multimillion-pound deal with Microsoft to build the world’s most advanced weather and climat...

26 Apr

April 2021

Siemens Energy to supply gas storage project in Uzbekistan

Siemens Energy has been selected by engineering, procurement, and construction (EPC) company, Enter Engineering Pte Ltd,...

26 Apr

April 2021

Equinor makes oil and gas discovery in the Norwegian Sea

Equinor and its partners have made an oil and gas discovery in the Norwegian Sea through the drilling of the 6407/1-A-3 ...

23 Apr

April 2021

KNPC to sell retired assets of the Shuaiba refinery

Kuwait National Petroleum Company (KNPC), a subsidiary of Kuwait Petroleum Corporation, has announced the sale of the re...

22 Apr

April 2021

IKEA to invest in renewable energy projects

Netherlands-based Ingka Group, the owner of IKEA stores, has announced that it will invest an additional €4bn in renewab...

22 Apr

April 2021

Sandvik’s Sanicro® 35 wins prestigious award

Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance mate...

21 Apr

April 2021

Maersk Drilling awarded one-well exploration contract for low-emission rig with Aker BP

Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP offs...

21 Apr

April 2021

Ørsted to enter European onshore wind market

Danish power company Ørsted has agreed with Brookfield Renewable to acquire its Ireland and UK onshore wind business Bro...

20 Apr

April 2021

Spirit Energy confirms York gas field project extension

The Spirit Energy-owned York gas field has been given another three years of life following a successful life extension ...

20 Apr

April 2021

Siemens Energy signs MoU with Uzbekistan’s Ministry of Energy

The Ministry of Energy of the Republic of Uzbekistan has announced that on 16 April 2021, in Tashkent, it signed a Memor...

20 Apr

April 2021

Siemens Gamesa to supply turbines at Peru’s largest wind farm

This is ENGIE Energia Peru’s first wind farm in the country. To date, the Andean nation has an installed capacity of 400...

19 Apr

April 2021

NnG, Saipem and InfraStrata announce major contract for Harland & Wolff

Neart na Gaoithe (NnG) Offshore Wind Ltd (jointly owned by EDF Renewables and ESB), its tier one service provider, Saipe...

19 Apr

April 2021

Storegga, Shell, and Harbour Energy become equal partners in the Acorn project

Storegga, through its wholly owned subsidiary Pale Blue Dot Energy, Shell and Harbour Energy (Harbour), the partners in ...

16 Apr

April 2021

OPEC and IEA raise forecasts for 2021 oil demand

Key forecasts for the recovery of global oil demand in 2021 have been upgraded amid growing economic optimism and the ac...

16 Apr

April 2021

McDermott's CB&I Storage Solutions Awarded LNG Storage Contract for Philippines' First LNG Import Terminal

McDermott International Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic G...

15 Apr

April 2021

Ocean Infinity announces joint venture

Marine robotics company Ocean Infinity and geotechnical drilling experts Gregg Drilling, a subsidiary of Sealaska, have ...

15 Apr

April 2021

European Energy and Eesti Energia sign largest PPA in the Baltics

Estonian energy company Eesti Energia has signed a power purchase agreement with Danish energy developer European Energy...

14 Apr

April 2021

Total and partners finalise launch of Lake Albert project

French oil and gas company Total and its partners have signed final agreements to launch the Lake Albert resources devel...

14 Apr

April 2021

Statkraft to build its first wind farms in Chile

Statkraft, Europe’s renewable energy generator, will build its first wind farms in Chile, expanding its renewable energy...

13 Apr

April 2021

McDermott completes engineering for two expandable hydrogen facilities

McDermott International Ltd and New Energy Development Company LLC have announced the completion of engineering for two ...

13 Apr

April 2021

Aramco signs US$12.4bn infrastructure investment deal with EIG-led consortium

Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy in...

12 Apr

April 2021

Iberdrola, MAPFRE partner to invest in Spanish renewable energy projects

Spanish electric utility company Iberdrola and insurance company MAPFRE have created a new strategic partnership, to joi...

12 Apr

April 2021

Wood and NEL Hydrogen enter into global framework agreement

Wood has entered into a three-year engineering framework agreement with Norway-based NEL Hydrogen, aligning with the com...

9 Apr

April 2021

Barakah-1 starts commercial operations in UAE

The Unit 1 reactor at the Barakah plant in the United Arab Emirates has successfully transitioned to full commercial ope...

9 Apr

April 2021

Nordex Group wins 187MW order in Turkey

The Nordex Group has announced that the Caba Grup ordered 39 N133/4800 turbines from the Delta4000 series for the second...

8 Apr

April 2021

Petrobras increases investments in the north of Brazil

Petrobras has signed agreements with BP Energy do Brasil Ltda (BP) to take over BP’s entire stakes in six blocks, locate...

7 Apr

April 2021

Nordex Group receives 68 MW orders from Energiequelle from Finland

Nordex Group received orders from the international wind farm developer Energiequelle for the supply and construction of...

7 Apr

April 2021

Maersk Drilling awarded four-well drillship contract with Shell in Malaysia

Maersk Drilling has secured a contract with Shell Malaysia for the 7th generation drillship Maersk Viking to drill four ...

7 Apr

April 2021

ACWA Power signs financing package for gas power project in Uzbekistan

ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants in 13 countries,...

7 Apr

April 2021

Siemens Gamesa to deliver turbines for Sofia offshore wind project

Siemens Gamesa Renewable Energy (SGRE) has received a firm order from the Germany-based electricity generation company R...

6 Apr