Latest News for: Offshore investment projects

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At least five RE projects to come in this year

The Manila Times 28 May 2023
AT least five renewable energy (RE) projects by foreign investors are expected to come into the country this year, the Board of Investments (BoI) said ... "We are confident that we will hit our P1.50-trillion target because of renewable energy, in particular, offshore wind projects and there will be floating solar as well.
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Talos Energy accelerates field development offshore Mexico as Grupo Carso takes stake

Upstream Online 26 May 2023
Shell to relinquish pair of deep-water exploration blocks after failing to unlock commercial resources Brazil makes new oil discovery within producing field PTTEP and local bank launch Thailand’s first carbon credit-linked investment programme Offshore yards in Asia on standby as giant Malaysian gas project accelerates.
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TechnipFMC secures up to $250m Shell contract in US Gulf

Splash24/7 26 May 2023
... is located within Mississippi Canyon, around 273 km offshore southeast of New Orleans. Shell took the final investment decision on the project in March this year.
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Talos brings Mexican partner onboard Zama

Upstream Online 26 May 2023
Shell to relinquish pair of deep-water exploration blocks after failing to unlock commercial resources Brazil makes new oil discovery within producing field PTTEP and local bank launch Thailand’s first carbon credit-linked investment programme Offshore yards in Asia on standby as giant Malaysian gas project accelerates.
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Cost rises lead Norway's oil producers to hike investment forecasts

Natural Gas World 25 May 2023
"There have been no new projects (added since the previous survey), so the increase is in already existing fields Some of the increase ... Oil companies rushed to approve new projects by the end of 2022, when Norway's temporary tax incentives to support offshore investments expired.
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Upstream oil and gas capital expenditure this year will hit $151 billion: Rystad Energy

Upstream Online 24 May 2023
The upstream oil and gas industry will see a strong surge in greenfield investment commitments this year, dominated by offshore projects ... Recent sanctioned projects include ExxonMobil’s Uaru development offshore Guyana, on which the operator is expected to invest $10 billion, and ...
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UK and Japan Unveil Massive Offshore Wind Trade Deals

The Maritime Executive 23 May 2023
The new investments include funding for offshore wind, low carbon hydrogen and other clean energy projects from Marubeni ... laying out about $12 billion in investment over the next 10 years, including in offshore wind in Scotland and green hydrogen projects in Wales and Scotland.
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Japanese pledge to plow billions into UK offshore wind sector

Splash24/7 22 May 2023
Japanese companies have committed to invest more than $22bn in the UK, including funding for offshore wind, low-carbon hydrogen and other clean energy projects ... Marubeni’s counterpart Sumitomo Corporation intends to expand its UK offshore wind projects, leading to a total ...
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Boost for the UK as Japanese companies agree to boost investment by £18billion in ‘massive ...

The Daily Mail 19 May 2023
The move will see huge investments across the country, including in offshore wind farms, affordable housing and science projects ... Masumi Kakinoki, chief executive of Marubeni Corporation, which has agreed to invest £10billion in green energy projects in Britain, said.
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UK to Receive Record $22Bln Investment From Japanese Firms - Prime Minister

Urdu Point 18 May 2023
"Leading Japanese businesses have committed to invest almost �18 billion in businesses and projects across the UK, generating growth in key sectors, creating high-skilled jobs and driving technology innovation," the statement of the UK prime minister's office reads.
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Japan, Britain strike 'historic accord' on cooperation in defense, clean energy, semiconductors

Fox31 Denver 18 May 2023
Earlier Thursday, Sunak said Japanese companies had committed to investing 17.7 billion pounds ($22 billion) in clean energy projects. They include funding for offshore wind, low carbon hydrogen and other clean energy projects ... and will go to offshore wind and green hydrogen projects in Scotland and Wales.
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Japan, Britain strike ‘historic accord’ on cooperation in defense, clean energy, semiconductors

Wtop 18 May 2023
Earlier Thursday, Sunak said Japanese companies had committed to investing 17.7 billion pounds ($22 billion) in clean energy projects. They include funding for offshore wind, low carbon hydrogen and other clean energy projects ... and will go to offshore wind and green hydrogen projects in Scotland and Wales.
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Britain’s Sunak announces $22bn Japanese investment in UK economy

Al Jazeera 18 May 2023
Britain’s Prime Minister Rishi Sunak has announced Japanese investment of more than $22bn in the United Kingdom, including funding for offshore wind power and other clean energy projects, but accepted carmakers’ concerns about Brexit trade rules.

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