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UK firm expands its portfolio with gas discovery and several prospects West of Shetland
Viaro Energy, through its operating subsidiary RockRose Energy, has secured full ownership interest in a license located West of Shetland.
TotalEnergies inks 16-year LNG supply deal with Sembcorp
French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreement (SPA) for the long-term LNG delivery to Sembcorp. Specifically, the deal entails the delivery of up to 0.8 million tons of LNG per annum (
Trafigura books two eco-friendly VLCCs in China
Global commodity trading group Trafigura has placed an order for two environmentally friendly very large crude carriers (VLCCs) at Chinese shipyard Jiangsu New Hantong.
After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013
After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the
DHT Holdings behind order for four VLCCs at South Korean yards
Bermuda-based crude oil tanker company DHT Holdings placed orders for four very large crude carriers (VLCCs) at South Korean shipyards Hyundai Samho Heavy Industries, part o fHD Korea Shipbuilding & Marine Engineering (HD KSOE), and Hanwha Ocean.
Norway’s oil output surpasses expectations but gas falls slightly behind
Even though Norway saw a rise in oil and gas production in January 2023 compared to the volumes recorded during the year before.
UK oil & gas operator books Aquaterra for work covering full offshore project lifecycle
Aquaterra has been hired on a contract for the provision of analysis services across an undisclosed operator’s global offshore operations.
Exclusive interview: Letting energy growth spring free with AI as key to sorting out challenges in oil & gas and renewables
What lies ahead for oil, gas, and renewable energy in the AI-oriented environment and how will these sources of supply be revolutionized?
First UK-Germany link makes construction progress as it celebrates 6th anniversary
Siemens Energy and sub-contractor Jones Bros Civil Engineering are nearing completion of the enabling works for the UK converter station of NeuConnect, the first-ever energy link between the UK and Germany. The works have included the construction of a 50,000m2 platform for the new converter station
Tow master selected for Brazil-bound FPSO destined for Petrobras’ giant oil field
ABL has been picked as tow master to support and supervise the towage of an FPSO vessel from Yantai, China, to Brazilian waters.
EPS inks deals for four ammonia dual-fuel bulkers, two LNG dual-fuel tankers
Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in Shanghai for a total of six new environmentally friendly vessels.
Stamp of approval for ConocoPhillips’ $1.2 billion North Sea project to come on stream
ConocoPhillips has been given the green light to start production from a project tied to one of the fields in the Greater Ekofisk Area.
MOL, Sasaki Shipbuilding win AiP for ammonia bunkering vessel design
Bureau Veritas (BV) has awarded an Approval in Principle (AiP) for an ammonia (NH3) bunkering vessel designed by Japan’s Sasaki Shipbuilding, with the support of Japanese shipping major Mitsui O.S.K. Lines (MOL).
Swedbank commits to shipping’s decarbonization as newest signatory of Poseidon Principles
Nordic-Baltic banking group Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance.