Investment News

 

EDF Buys Stake in Irish Offshore Project

Feb 12, 2020

French electricity giant Électricité de France (EDF) is moving into the Irish energy market.EDF Renewables, a subsidiary of the French energy utility, has acquired a 50% stake in the Codling offshore wind project from Hazel Shore, a company linked to the property developer, Johnny Ronan.EDF Renewables will develop and build the project alongside Fred Olsen Renewables, which owns the other 50% stake…

Deepwater Acreage to Attract Investments

Mar 16, 2020

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter…

CaribX Ups Stake in Cape Licence Off Honduras

Jan 28, 2020

The Central American and Caribbean specialist exploration company CaribX said that it is increasing its share of the Main Cape Operating contract in Honduras.Following government approval CaribX will hold a 55% interest in the highly prospective licence area…

Vietnam Begins 48 MW Wind Farm Construction

Jan 26, 2020

Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company…

Offshore Energy Enters New Investment Cycle

Jan 14, 2020

The offshore oil & gas industry is witnessing the beginning of what could be a new investment cycle as worldwide activity is ramping up.Rystad Energy, the energy research and business intelligence company, said  that offshore investments would climb 8% in 2020…

EGCO Joins Yunlin Project

Dec 23, 2019

Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company…

CSEIP Buys 25% Stake in Arkona OWF

Dec 23, 2019

Credit Suisse Energy Infrastructure Partners (CSEIP) acquired 25% stake in the Arkona offshore wind farm (OWF) from Norwegian energy company Equinor.Watson Farley & Williams (WFW) has advised CSEIP on the EUR 340 million financing of the acquisition…

Deepwater Investments to Grow +5% in 2020

Dec 15, 2019

Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry, said a report.Rystad Energy is forecasting that overall…

Chrysaor Buys Stakes in OKEA’s 2 Licenses

Nov 13, 2019

North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.The Norwegean oil production company OKEA confirmed the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18…

Ørsted to Divest Stake in NJ OWP to PSEG

Oct 30, 2019

Danish wind developer Ørsted A/S will enter into exclusive negotiations for Public Service Enterprise Group  (PSEG) to potentially acquire a 25% interest in the proposed 1,100-MW Ocean Wind project.Subject to negotiations toward a joint venture agreement…

Macquarie Doubles Gwynt y Môr Stake

Oct 29, 2019

Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt…

Poland's PGE in Talks with Orsted on Baltic OWF

Oct 24, 2019

Poland's largest utility Polska Grupa Energetyczna SA (PGE) will begin talks with Denmark's Orsted about the sale of a 50% stake in two offshore wind farm (OWF) projects with combined capacity of 2.5 GW the company is developing in the Baltic Sea…

JERA Buys Majority Stake in Taiwan's Formosa 2

Oct 09, 2019

Japanese energy group JERA, , a joint venture between Tokyo Electric Power and Chubu Electric Power, has agreed to acquire a 49% stake in the 376MW Formosa 2 project being developed off the west coast of Taiwan.Completion of the transaction is subject to regulatory approvals…

Delek Offered Funds to Invest in Ithaca

Sep 24, 2019

Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.'Delek Group, received a signed offer from an international…

Ørsted Buys Into Turbine Transfer Innovator

Sep 24, 2019

Ørsted, the largest energy company in Denmark, has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines.The Get Up Safe (GUS) system, developed in partnership between Ørsted and Pict Offshore…

Current News

Guyana Nears Deal with Exxon for Payara Project

Guyana Nears Deal with Exxon for Payara Project

Canada Commits Nearly $240 Mln to Aid Offshore Oil Industry

Canada Commits Nearly $240 Mln to Aid Offshore Oil Industry

Petrobras Eyes Sale of Albacora Offshore Fields

Petrobras Eyes Sale of Albacora Offshore Fields

OHT set for Merkur Market Debut

OHT set for Merkur Market Debut

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