Floating Wind Specialist BW Ideol Secures Investment from ADEME Investissement

(OE) Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-development project portfolio to a newly created subsidiary... Continue Reading →

March 22, 2023 0

Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 bln

(Reuters) - Japan's top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings (9501.T) and Chubu Electric Power Co Inc (9502.T), will add Parkwind's four offshore wind farms in... Continue Reading →

March 22, 2023 0

Exclusive: Middlemen have left Venezuela’s PDVSA with $21.2 billion in unpaid bills

(Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three years ago to export its oil under U.S. sanctions. The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value... Continue Reading →

March 21, 2023 0

What are key areas the U.S. needs to jump-start on the road to net-zero by 2050? Wood Mac

(OEM) While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by... Continue Reading →

March 21, 2023 0

Vestas Buys ST3 Offshore – Breaking News

(OW) Danish wind turbine manufacturer Vestas has acquired ST3 Offshore in the sixth tendering round since the Polish offshore steel foundations manufacturer declared bankruptcy. ”On March 20, in the court Sąd Rejonowy Szczecin-Centrum XII Wydział Gospodarczy w Szczecinie an auction for the purchase of ST3 Offshore was held. The highest price offered was PLN 170,500,002,... Continue Reading →

March 20, 2023 0

Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maersk’s strategy around integrated logistics and separation... Continue Reading →

March 20, 2023 0

Shell posts “good progress” on its net-zero journey in 2022

UK-headquartered energy giant Shell has published in its Energy Transition Progress Report 2022, which shows it has met its climate targets as part of its energy transition strategy and reached a 30% reduction in carbon emissions from its operations by the end of 2022 compared with 2016 on a net basis. According to Shell, the report shows... Continue Reading →

March 16, 2023 0

Siemens Energy announces capital increase to help refinance Gamesa deal

(Reuters) - Siemens Energy (ENR1n.DE) announced on Wednesday a capital increase via a private share placement to help refinance its 4 billion euro ($4.22 billion) takeover of wind power subsidiary Siemens Gamesa. The offer and sale of new shares will be made exclusively to institutional investors in the placement initiated immediately, it said. Siemens Energy's share capital... Continue Reading →

March 15, 2023 0

Exxon poised to invest $15 billion in Angolan oil exploration and discoveries

(Bloomberg) – Exxon Mobil Corp. could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda. ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin... Continue Reading →

March 15, 2023 0

Subsea 7 buys more into Seaway 7, issues voluntary offer to acquire remaining shares

Subsea 7 has completed the acquisition of additional shares in Seaway 7, bringing its total ownership of the issued and outstanding share capital in the company to 93.94 per cent. On 14 March, Subsea 7 announced it had completed the acquisition of 187,889,551 shares in Seaway 7, corresponding to 21.52 per cent of Seaway 7’s... Continue Reading →

March 15, 2023 0

Blog at WordPress.com.

Up ↑

Category: Financial

Floating Wind Specialist BW Ideol Secures Investment from ADEME Investissement

Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 bln

Exclusive: Middlemen have left Venezuela’s PDVSA with $21.2 billion in unpaid bills

What are key areas the U.S. needs to jump-start on the road to net-zero by 2050? Wood Mac

Vestas Buys ST3 Offshore – Breaking News

Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses

Shell posts “good progress” on its net-zero journey in 2022

Siemens Energy announces capital increase to help refinance Gamesa deal

Exxon poised to invest $15 billion in Angolan oil exploration and discoveries

Subsea 7 buys more into Seaway 7, issues voluntary offer to acquire remaining shares

Archives

Contact Us