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Business Developments & Projects

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Clean FuelFossil EnergyLNGOil & GasBusiness & FinanceProject & TendersGreen MarineAuthorities & GovernmentEnvironmentRegulation & PolicyTransitionSubseaInfrastructureVesselsDecommissioningHeavy liftingExploration & ProductionOffshore WindSurveys & Interventions
Lower oil prices hamper Oil Search Q2 revenue
Business Developments & Projects

Lower oil prices hamper Oil Search Q2 revenue

The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue due to lower oil prices.

about 6 years ago
Risco Energy, Chart in Indonesian LNG equipment deal
Business Developments & Projects

Risco Energy, Chart in Indonesian LNG equipment deal

Singapore-based independent Risco Energy has teamed up with US LNG equipment maker Chart Industries to support the growing Indonesian gas-to-power sector. The duo signed the pact in the second quarter of this year. Under the deal, Chart will provide LNG equipment such as storage tanks, ISO container

about 6 years ago
Santos to take $560 million impairment hit
Business Developments & Projects

Santos to take up to $560 million impairment hit

Australian gas producer and GLNG operator Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax due to the effects of the Covid-19 coronavirus pandemic. Santos expects to record non-cash charge in the range of $490-560 million after tax in its half-year results nex

about 6 years ago
shore power
Business Developments & Projects

EU supports 19 green maritime projects

The European Union is supporting Member States’ shift to greener fuels for transport with new funding commitments.

about 6 years ago
Illustration; Source: Halliburton
Business Developments & Projects

Halliburton drops to $1.7 billion loss in second quarter

Giant oilfield services provider Halliburton has recorded a $1.7 billion loss in the second quarter, which the firm attributed to $2.1 billion in impairments.

about 6 years ago
FERC permits Elba Island LNG's eight train start-up
Business Developments & Projects

FERC permits Elba Island LNG’s eight train start-up

The United States Federal Energy Regulatory Commission granted a permit to Kinder Morgan to start exports from another train at its Elba Island LNG plant in Georgia.

about 6 years ago
VOS Prospector; Source: Vroon Total
Business Developments & Projects

Vroon scoops three deals with Total

Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the VOS Enterprise, VOS Prospector, and VOS Vigilant vessels would support Total E&P UK’s North Sea operat

about 6 years ago
Hiretech invests in decommissioning sector
Business Developments & Projects

Hiretech invests in decommissioning sector

Hiretech Limited has taken delivery of newly built subsea shears and hydraulic grabs as part of a recent GBP 600k investment in decommissioning equipment. Hiretech’s Decommissioning and Subsea Business Development manager, Duncan Duthie, said: “We were keen to pinpoint the correct target for our inv

about 6 years ago
Sleipnir at Jotun B; Source: Heerema
Business Developments & Projects

Heerema’s Sleipnir vessel sets jacket lifting record

Heerema’s Sleipnir, the LNG-powered world’s largest semi-submersible crane vessel, has set a record for the largest single lift jacket removal.

about 6 years ago
Chevron CEO Mike Wirth
Business Developments & Projects

Chevron to buy Noble Energy in deal valued at $5 billion

Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.

about 6 years ago
Illustration; Source: CNOOC
Business Developments & Projects

CNOOC starts production from oilfield offshore China

China’s CNOOC Limited has started production from the Luda 21-2/16-3 regional development in the Bohai Sea.

about 6 years ago
Okra Energy score LNG supply deal from Enestas
Business Developments & Projects

Okra Energy score LNG supply deal from Enestas

Okra Energy Alabama (USA) has secured a five-year liquefied natural gas (LNG) supply deal from Enestas Energy & Gas for distribution in Mexico.

about 6 years ago
Andrew platform, one of the assets included in the deal with Premier; Source: BP
Business Developments & Projects

Premier Oil signs discount deals for BP’s North Sea assets buy

Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.

about 6 years ago
Fugro geotechical vessel for Vattenfall's Norfolk wind farms
Business Developments & Projects

Fugro kicks off site survey on Vattenfall’s Norfolk twins

Fugro has begun a four-month marine site survey at Vattenfall’s two offshore wind developments in the UK. The results will feed into the ground model for the Norfolk Vanguard and Norfolk Boreas wind farms. The developments will have a total installed capacity of 3.6 GW, enough to power more than 3.9

about 6 years ago
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