Italian oil and gas company Eni reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company. Prime International Oil&Gas Company is a newly established company formed by former Eni’s local team and Hub Power Company, the first and the largest independent Pakistani power
French major Total has appointed Stéphane Michel as the new president of gas, renewables & power (GRP). Courtesy of Total Michel has also been added as a member of the Total executive committee, effective 1 March 2021. The position was previously held by Philippe Sauquet, who left due to retirement.
South Florida-based ocean energy company OceanBased Perpetual Energy has signed a four-year contract to produce commercial-grade green hydrogen for South Carolina engineering firm Summit Worx. OceanBased will produce hydrogen using electrolysis powered solely by electricity generated from the perpetual flow of Florida’s Gulf Stream. Summit Worx will assist OceanBased in
EnfraGen, owned by Glenfarne Group and Partners Group, acquired the largest natural gas-fired power plant in Western Colombia. Illustration. Coutesy of EnfraGen EnfraGen noted in its statement it has acquired the Termovalle facility from Juneau Business, Termovalle Investment and Altra Private Equity Funds. With an installed capacity of 241 MW,
Contract Power will build, own, operate and maintain the power generation and LNG storage and regasification facilities for Strandline’s Coburn mineral sands project in Western Australia. Courtesy of Strandline A subsidiary of Pacific Energy, Contract Power Australia, signed a 15-year electricity supply agreement with mineral sands developer Strandline Resources. Contract
Norway-based classification society DNV (formerly DNV GL) has awarded approval in principle (AiP) to South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. As informed, the AiP is the result of a joint development project between DNV and HMD to develop
US LNG export project developer, NextDecade Corporation has extended the validity of the EPC deal for its Rio Grande LNG project. Courtesy of NextDecade The company said on Monday, 8 March, that with Bechtel it has completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and
Petredec Holdings (Eastern) PTE Ltd has exercised the option to construct an additional three 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard. The ships are expected to deliver in June, August and September 2023. The order comes on the back of an announcement made in early
Swedish tanker shipping company Stena Bulk has unveiled a new concept hybrid bulk carrier design in an effort to push the shipping industry’s boundaries for zero-carbon, multimodal vessel design. The InfinityMAX concept, which is designed to carry both dry and wet cargoes in modular compartments, is built with several new