UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has closed the acquisition of an interest in a subsidiary of energy-focused alternative asset manager Kimmeridge. The post UAE player’s stake buy prompts rebrand of US LNG developer appeared first on Offshore Energy.
Diverse Australian mining-come-energy company Fortescue has secured a RMB14.2bn (US$1.98bn) loan in order to get its decarbonisation agenda back on track. The loan, the first RMB-syndicated term loan of its kind by an Australian corporate, was secured from leading Chinese, Australian and international lenders. Fortescue is a core supplier of iron ore to China and generates RMB revenues through its iron ore sales. Dr Andrew Forrest, Executive Chairman, said while the US steps back from investing “in what will be the world’s greatest industry”, China and Fortescue are advancing the green technology needed to lead the global green industrial revolution. “China continues to lead the world in industrial scale and innovation,” he said. Fortescue has cancelled two green hydrogen projects in the US and Australia, despite both having passed final investment decision (FID), citing shifting… Read More »Fortescue secures RMB14.2bn loan to revive green energy plans
Methanol Institute (MI) has introduced NVS Commodities Materials and Services, the technical division of Angola’s NVS Energy Industria, as its newest member. The post Methanol Institute welcomes Angola’s NVS Energy Industria as newest member appeared first on Offshore Energy.
Japanese engineering company Chiyoda Corporation has won an engineering, procurement, and construction (EPC) contract with compatriot Saibu Gas for an additional tank at the latter’s liquefied natural gas (LNG) facility near Kitakyushu, Japan. The post Chiyoda building third tank for compatriot’s LNG terminal appeared first on Offshore Energy.
Malaysian state-owned oil and gas company Petronas has partnered up with Norwegian high-tech underwater […] The post Petronas targets sustainable underwater operations via partnership with Norwegians appeared first on Offshore Energy.
HD Hyundai affiliates, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai […] The post HD Hyundai arms clinch ‘world’s first’ technology validation for brand-new electric propulsion system appeared first on Offshore Energy.
Esso Australia, a subsidiary of U.S.-headquartered energy major ExxonMobil, has started drilling a well in the country’s Gippsland Basin. The post Valaris jackup starts drilling Australian well for Exxonmobil appeared first on Offshore Energy.
Wave energy developer Eco Wave Power has installed its energy conversion unit (ECU) at […] The post US wave energy project moves into pre-operation stage appeared first on Offshore Energy.
Italy’s shipping player Grimaldi Group has taken delivery of the second ammonia-ready pure car and truck carrier (PCTC), Grande Tianjin. The post Grimaldi welcomes second ammonia-ready car carrier appeared first on Offshore Energy.
Israel’s NewMed Energy and its partners in a gas project in the Mediterranean Sea have signed an amended agreement with Egypt’s Blue Ocean Energy (BOE) to significantly expand the export of natural gas from Israel to Egypt. The post $35B Egypt gas export deal ‘largest’ in Israel’s history appeared first on Offshore Energy.