Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil
The world’s biggest offshore wind project developer, Orsted, plans a $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders as challenges for the industry continue…
Grimaldi Group receives first ammonia ready ship
Global vehicle shipping line Grimaldi Group has received the Grande Shanghai, its first ammonia ready vessel. The first of 10 next-generation pure car and truck carrier vessels was commissioned by…
CATL Suspends Major Lithium Mine Operation
CATL, the world’s largest maker of lithium-ion batteries for electric cars, has suspended operations at one of the biggest lithium mines in the country, sparking a price jump for lithium…
Scotland’s Wind Turbines Are Being Paid to Stand Still 37% of the Time
Operators of wind turbines in Scotland were paid to switch their turbines off 37% of the time over the first half of the year, the Financial Times has reported, an…
Oil Prices Begin the Week Lower as Trump-Putin Meeting Looms
Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield…
JP Morgan Analysts Look at August Oil Demand
Global oil demand averaged 104.7 million barrels per day in the first five days of August. That’s what analysts at J.P. Morgan, including Natasha Kaneva, head of global commodities strategy…
Work begins on Lithuania’s first green hydrogen station at port
Lithuania-based Gevalda has begun construction on what is expected to be the first station in the Baltic States to produce and supply green hydrogen for vessels. The station, which will…
Dohmeyer regains independence after split from Air Water
Cryogenic and refrigeration solutions firm Dohmeyer has separated from Air Water after six years as part of the global industrial gas and equipment company. Director Fabian Van Damme, through his…
Dohmeyer regains independence after split from Air Water
Cryogenic and refrigeration solutions firm Dohmeyer has separated from Air Water after six years as part of the global industrial gas and equipment company. Director Fabian Van Damme, through his…
CCUS hub study launched to cut steel sector emissions in Asia
A consortium of leading steelmakers and energy companies is studying the development of large-scale carbon capture, utilisation and storage hubs across Asia, which produces more than 70% of the world’s…
