10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Efforts ongoing to unlock West of Shetland trio’s hydrocarbon arsenal

    25 August 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Ithaca Energy, a North Sea oil and gas operator and producer, has reported significant progress toward unlocking long-term value creation in the West of Shetland area through targeted value-led investment into three oil and gas projects being developed on the UK Continental Shelf (UKCS).

  • Name unveiled for Shell–Equinor JV set to dominate UK North Sea production

    27 June 2025
    Business Developments & Projects

    Two energy majors, the UK’s Shell and Norway’s Equinor, have revealed the name of their joint venture that is set to become the UK North Sea’s largest independent oil and gas producer.

  • Ammonia-ready Grande Auckland delivered

    10 September 2025
    Infrastructure, Vessels

    Italian shipping player Grimaldi Group has taken delivery of Grande Auckland, the second of seven ammonia-ready pure car & truck carriers ordered at Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading Company (CSTC) – two companies part of China State Shipbuilding Corporation Limited (CSSC).

  • Brazilian oil field’s story unfolds: Rig lease and multimillion-dollar financing of FPSO revamp in place

    9 September 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Oslo-listed oil and gas E&P player BW Energy has moved forward with its plans for an oil field in the Campos Basin off the coast of Brazil, thanks to the completion of financing for the refurbishment of a floating production, storage, and offloading (FPSO) unit and a short-term lease of a development rig.

  • TotalEnergies augments its oil portfolio offshore Namibia through deal with Galp

    9 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    French energy giant TotalEnergies has shaken hands with Portuguese oil and gas company Galp on a deal that will enable it to enter the PEL 83 license, encompassing an oil discovery off the coast of Namibia, by taking over the operator baton. Galp is getting a minor stake in the French player’s giant black gold discovery as part of this deal.

  • Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step

    15 December 2025
    Business & Finance, Business Developments & Projects, Transition, Vessels

    Norway-headquartered Odfjell Group, a player in seaborne transportation and storage of chemicals and other specialty bulk liquids, has bankrolled and put into operation mode what it describes as the first operational green shipping corridor between Brazil and Europe.

  • Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice

    18 November 2025
    Business & Finance, Business Developments & Projects

    Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstanding cash calls over the past few months.

  • UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

    16 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million).

  • Borr Drilling sets the stage for liquidity boost and CEO succession

    4 July 2025
    Business & Finance, Business Developments & Projects, Human Capital

    Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.

  • First steps being taken to bring UK’s fifth subsea electricity superhighway to life

    20 May 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    The UK National Grid and SSEN Transmission have set into motion the first steps for the development of Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England, by launching a public consultation. The partners opened a stage 1 (non-statutory) consultation on May 13, set to close on June […]

  • Japan to begin development of its ‘first’ fully battery-powered tugboat

    14 August 2025
    Business Developments & Projects, Collaboration, Innovation, Research & Development, Transition, Vessels

    Japanese tugboat services provider Tokyo Kisen and compatriot marine software developer Marindows have kick-started what is being hailed as Japan’s “first” pure battery-powered EV harbor tugboat development project. As disclosed, the electric harbor tugboat is set to be operated in the ports of Yokohama and Kawasaki, with the goal of contributing to the ports’ net-zero […]

  • ABS CEO: Nuclear power stands as shipping’s next great frontier

    26 September 2025
    Outlook & Strategy, Transition

    Nuclear power should be taken seriously as a credible and scalable solution for the maritime industry’s decarbonization drive, with the potential to ‘reshape’ the sector’s future energy mix, American Bureau of Shipping (ABS) Chairman and CEO Christopher J. Wiernicki has said. As Wiernicki highlighted at a recent maritime event held in Athens, Greece: “Nuclear energy […]

  • First jacket comes to slide into place at huge offshore gas project

    7 July 2025
    Business & Finance, Business Developments & Projects

    ADNOC has tucked a new construction milestone under its belt with the load-out and transport of the first jacket for its multibillion-dollar giant sour gas development, which aims to become the world’s first project to operate with net-zero emissions.

  • Canada’s $5.1 billion LNG project continues to take shape (Gallery)

    24 October 2025
    Business & Finance, Business Developments & Projects

    Woodfibre Management, a privately held Canadian company based in Vancouver, has made progress in the construction of its operated $5.1 billion liquefied natural gas (LNG) export project, under development in British Columbia, Canada.

  • North Sea yields fresh gas and condensate discovery

    19 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Harbour Energy Norge, a subsidiary of London-listed oil and gas company Harbour Energy, has made a new gas and condensate discovery in the Norwegian sector of the North Sea, which was drilled with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

  • Giant North Sea oil field’s $1.3 billion third chapter is a go

    1 July 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Equinor has taken a final investment decision (FID) for the third phase of an offshore project in the North Sea, which is considered the third-largest oil field on the Norwegian Continental Shelf (NCS).

  • Japan consortium to kick off gov’t-backed project to ‘boost’ its shipbuilding capacity

    9 July 2025
    Collaboration, Innovation, Research & Development, Transition, Vessels

    A consortium consisting of ten Japanese shipbuilders, research institutes and academic institutions has unpacked a five-year initiative to ‘boost’ the competitiveness and digital transformation of the maritime industry and support the development of next-generation, high-performance vessels. The project, for which ¥12 billion (around $81.6 million) has been allocated, was jointly created and proposed by MTI […]

  • Shell flows first gas from North Sea field

    1 October 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Shell has kicked off production from a gas field in the North Sea, which is expected to help maintain domestically produced gas for Britain’s homes, businesses, and power generation.

  • HD KSOE and Cochin Shipyard forge strategic shipbuilding partnership

    7 July 2025
    Business Developments & Projects, Collaboration, Transition, Vessels

    South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an arm of HD Hyundai, has joined forces with Cochin Shipyard Limited (CSL), the largest state-owned shipbuilder in India, to set up long-term cooperation in the vessel construction sector. As disclosed, the deal marks a ‘full-scale’ entry into the market for the South Korean company, […]

  • UK firm makes a play for Angolan block with multiple oil & gas discoveries and prospects

    5 September 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-headquartered and AIM-listed upstream oil and gas company Afentra has taken steps to secure its first offshore operatorship by expanding its portfolio with another block adjacent to its existing assets off the coast of Angola.

  • TotalEnergies spotlights €20B poured into low-carbon progress since 2020 amid legal scrutiny

    24 October 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Transition

    In the aftermath of a court decision related to its carbon neutrality ambition, France’s energy giant TotalEnergies has shed light on its multi-energy strategy investments, highlighting its low-carbon inroads backed by a €20 billion injection over the past five years.

  • Langh Ship welcomes second 1,200 TEU green newbuild

    17 June 2025
    Carbon Capture Usage & Storage, Infrastructure, Vessels

    Finnish shipping company Langh Ship has taken delivery of Lene, the second in a series of three 1,200 TEU eco-friendly feeder ships ordered at PaxOcean shipyard in China.

  • Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

    17 June 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Transition

    A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.

  • German firm pens 10-year gas deal with Azerbaijan’s SOCAR

    11 June 2025
    Business & Finance, Business Developments & Projects

    Germany’s Securing Energy for Europe (SEFE) has secured a multi-year import of natural gas by inking an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR), fortifying Europe’s energy security.

  • BW Offshore emerges as preferred FPSO bidder for Canada’s $12B oil project

    1 September 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Equinor has taken another step to bring to life its oil project off the coast of Newfoundland and Labrador by inking heads of agreement (HoA) with BW Offshore for a floating production, storage, and offloading (FPSO) unit that will be deployed on the Canadian project, which was put on ice for three years a couple of years ago.