Finance

The European Commission has approved, under EU State aid rules, an estimated €3bn German scheme to support the construction of the Hydrogen Core Network (HCN).

Hydrogen and energy transition private equity firm SENCO has made a €20m investment in Strohm.

The Norwegian Ministry of Energy has announced four new exploration licenses related to CO2 storage on the Norwegian continental shelf in the North Sea.

Shell Eastern Trading has reached an agreement with Carne Investments – an indirect wholly-owned subsidiary of Temasek – to acquire Pavilion Energy.

Compressed gas specialist City Carbonic has acquired the cylinder gas distribution division of Automatic Fire Control.

AE Industrial has become part of the Atlas Copco Group.

The European Investment Bank (EIB) is providing €400,000 to Naftogaz, Ukraine’s national oil and natural-gas company to green its activities.

Around 20 commercial-scale carbon capture, utilisation and storage (CCUS) projects in seven countries reached FID in 2023 and more than 110 could be firmed up financially this year, according to the latest IEA World Energy...

ADNOC Logistics & Services is to buy an 80% stake in Navig8 Topco Holdings in a $1.04bn deal designed to accelerate the company’s global expansion.

Shipowners should consider onboard carbon capture and storage at the newbuilding stage to reduce potential retrofit costs, according to a new DNV report.