The global quest by energy stakeholders to reduce carbon emissions through limitation of finance to most oil and gas projects seems to not having vivid prominence presently in global energy business scene as global oil and gas contracts spike in second quarters of 2023,...
The CEO of Eni Claudio Descalzi and Chairman of the Board of Directors of Sonangol Sebastião Pai Querido Gaspar Martins have signed in Rome a Memorandum of Understanding (MOU) to further expand the scope of the cooperation between the two companies by developing studies...
Mitsubishi Heavy Industries (MHI) has signed a General License Agreement (GLA) with Saipem, one of Italy’s leading engineering companies.
The deal involves the provision of MHI’s proprietary KM CDR Process and Advanced KM CDR Process technologies to Saipem for use in carbon capture plants.
bp today launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery. Led by bp, this public-private collaborative initiative is intended to be based around the phased development of up to 2GW of electrolysis capacity by 2030 for producing green...
TGS, a global provider of energy data and intelligence, has announced it has licensed itsCarbon AXIOMplatform and associated well data products to a major energy company for carbon capture utilization and storage. Carbon AXIOM now includes a detailed analysis of saline aquifer potential offshore...
bp and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean...
TheSustainable Energy Fund for Africa (SEFA)has approved a reimbursable grant of $1 million toNewAfrica Impact Ltdto prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat.
The reimbursable grant will strengthen the project’s...
The French Development Agency (AFD) and the German Development Agency (KfW) are providing 600 million euros in loans and grants for the energy transition in South Africa. This funding is part of a €8.3 billion package pledged at COP26 in Scotland in 2021.
UAE energy company Amea Power will invest in Egypt's nascent green hydrogen and derivatives industry. The company announced a project at the Energy Day on 15 November 2022 at the 27th UN Conference of the Parties on Climate Change (COP27) in Sharm el-Sheikh, Egypt.
The EBRD is increasing its equity stake in Infinity, Egypt’s leading renewable energy developer, through an additional US$ 41.5 million commitment. The EBRD is a current shareholder in the company, having invested US$ 60 million in 2020.
Alongside the remaining original amount, the US$ 41.5 million...
Egypt boasts a fast growing renewable energy industry. And, with significant potential to develop the sector even more, the country can add even more value to its economy and accelerate its green transition.
The European Bank for Reconstruction and Development (EBRD) has been and will...
Renewables are the backbone of the energy transition and a viable climate solution. Yet out of the 183 parties to the Paris Agreement with renewable energy components in their Nationally Determined Commitments (NDCs), only 143 have quantified targets with the vast majority focusing on...
GE Gas Power andShellGlobal Solutions, a pioneer in liquefied natural gas (LNG) for more than 50 years, announced today they have signed a development agreement to pursue potential pathways aiming to reduce the carbon intensity of Shell’s LNG supply projects around the world. With...
Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe. The acquisition strengthens Equinor’s capabilities and portfolio within solar PV.
“BeGreen represents an important building block to our industrial renewables position in Europe, in line with our ambition to...
Shell Deutschland GmbH, a wholly owned subsidiary of Shell, has completed its 100% acquisition of SBRS GmbH, a wholly owned subsidiary of Schaltbau Holding AG, a leading provider of charging infrastructure solutions for commercial electric vehicles.
The acquisitionannounced in Augusthas now received all necessary regulatory...
Chariot Limited, the Africa focused transitional energy company and Total Eren, a leading renewable energy Independent Power Producer (IPP) based in Paris, is planned launch feasibility studies in order to co-develop the “Nour Project”, a large-scale green hydrogen project to be located in Mauritania.
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