Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.
Italian offshore contractor Saipem has been awarded a $150 million maintenance contract for Eni’s Coral Sul FLNG offshore Mozambique.
Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400 million.
Norwegian seismic player TGS has announced a new 3D seismic survey in the Egyptian Red Sea, to be conducted in partnership with Schlumberger.
Chariot, an Africa-focused transitional energy company, has signed a memorandum of understanding (MoU) with the Dutch Port of Rotterdam International, a global energy hub and Europe’s largest seaport which handles a significant portion of Europe’s total energy demand.
While being engaged in talks for a further extension, BW Offshore has secured a short-term one for an FPSO operating off the Ivory Coast.
Maersk Drilling has been awarded contracts with Shell for the provision of a drillship for drilling services offshore multiple countries.
Both government and commercial efforts are needed to speed up the transition to clean energy, since, as Shell says, the transition is not just about reducing CO2 emissions, but it is rather a political balancing act that needs government-led policies.
Post-well analysis of Chariot’s gas discovery offshore Morocco has confirmed excellent quality dry gas and an increase in net gas pay.
Sparrows Group has secured a long-term contract for offshore crane operations and maintenance in Angola with an undisclosed company.
QatarEnergy has entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.
Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping.
