Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.
Asia Direct Cable (ADC) consortium is building a submarine cable connecting China, Japan, the Philippines, Singapore, Thailand and Vietnam. To that end, the consortium has selected NEC for the 9,400-kilometre long ADC cable. According to NEC, the project should wrap up by the fourth quarter of 2022.
Norwegian industrial investment company Aker Capital AS has entered into an agreement with compatriot shipowner Ocean Yield ASA for co-ownership of oil tankers.
Offshore helicopter operators Bristow and Era have completed the merger of the two companies and created a financially stronger, larger, and more diverse company.
SSAB, ESL Shipping and Gasum have teamed up to reduce the emissions arising in shipping SSAB’s raw materials.
Solstad Offshore has been awarded contracts for two platform supply vessels by an unnamed North Sea operator.
A £60 million marine energy project in Pembrokeshire, Wales has seen the green light. The UK Government and Welsh Government have approved the business case for the Pembroke Dock Marine project. The project could generate £73.5 million a year to the Swansea Bay City Region’s economy. Pembroke Dock M
Australia-based Elixir Energy said it has recently signed a deal with Mongolia’s MT Group to develop a small-scale LNG plant in the South Gobi region. The LNG facility would supply fuel to the South Gobi’s large coal trucking fleet, according to a statement by Elixir Energy on Friday. The memorandum
US liquefied natural gas exports have dropped considerably in the week ending June 10 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that three US terminals dispatched five LNG cargoes during the week June 4-
A unit of German engineering giant Siemens has entered into a deal with French energy group Total to advance new concepts for “green” liquefied natural gas production. As part of the contract, Siemens Gas and Power is conducting studies to explore a variety of possible liquefaction and power generat
A new report published has called on industry and government to work together to develop opportunities for the use of marine renewables in the oil and gas sector. The call is backed by a coalition of organisations and individuals who attended a conference held at the University of Aberdeen last year
Oil company 3D Oil has completed the farm-out of T/49P permit offshore Tasmania to ConocoPhillips following the approval of documentation by the National Offshore Petroleum Titles Authority (NOPTA).
State-owned LNG giant Qatar Petroleum said on Thursday it will integrate chemical distributor Muntajat as part of efforts to further strengthen its downstream business. The integration of Chemical and Petrochemical Marketing and Distribution Company will enable QP to continue expanding its global re
AF Gruppen has been awarded a contract by Shell for dismantling and recycling of the Curlew FPSO, which operated in the UK North Sea.
