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Eni closes $4.7 billion Coral South FLNG project financing

Italian oil company Eni has achieved financial close for a total amount of around $4.7 billion for the Coral South FLNG multi-sourced project financing.  The project is located in the Area 4 offshore Mozambique where Eni is the operator. I...

07/12/2017 Read

Basques to set up offshore renewables research lab

Three organizations based in the Spanish Basque country have agreed to create a joint research laboratory for offshore renewable energies. The collaboration agreement was signed between the University of the Basque Country/Euskal Herriko Unibertsi...

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GE Hires Manor Renewable Energy for Merkur Works

Manor Renewable Energy (MRE) has won a contract to supply temporary power, personnel and a multi-purpose vessel to GE Renewable Energy for the Merkur offshore wind farm in the German North Sea. Under the contract, MRE will provide temporary p...

07/12/2017 Read

U.S. ready to ship more gas to Middle East

By Anthony DiPaola, Tracy Alloway and Mahmoud Habboush (Bloomberg) — U.S. natural gas exports could find buyers in the oil-rich Persian Gulf as countries there look to meet surging demand. Growing U.S. exports of liquefied natural...

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Global Offshore Wind Market expected to reach USD 57.2 Billion in 2022

According to a report at Zion Market Research, global offshore wind energy market size was valued at USD 20.3 billion in 2016 and is expected to reach USD 57.2 billion in 2022, growing at a CAGR of 16.2% between 2017 and 2022.  Grow...

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