Business Developments & Projects
BP and OMV ink long-term LNG supply agreement
UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob
Fleet expansion with two Transocean rigs represents harbinger of growth for Dolphin Drilling
Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.
As oil & gas prices tumble down from 2022 highs, Shell’s profit follows suit
Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.
TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day
TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i
Ireland plans interconnector expansion to EU and UK, aims to become renewable energy exporter
The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity
EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal
The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise
HEMEXPO teams up with DNV to review energy-saving devices
Hellenic Marine Equipment Manufacturers and Exporters (HEMEXPO) has reached an agreement with the classification society DNV for the assessment of energy-saving devices (ESDs) produced by HEMEXPO member companies. Under the terms of the agreement, DNV will review a makers list provided by HEMEXPO to
Geotechnical surveys kick off at 2 GW wind farm site offshore Scotland
Ocean Winds, a joint venture between EDP Renewables and Engie, has started geotechnical surveys at the Caledonia offshore wind farm site in Scotland. Sediment from deep borehole samples from across the Moray Firth site should provide geotechnical data to allow further planning of the project’s engin
Fugro delivers on mid-term targets with offshore wind activities leading the way
Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore
North Adriatic Hydrogen Valley project set to kick off in September 2023
The North Adriatic Hydrogen Valley (NAHV) project, a transnational project by Slovenia, Croatia and the Italian Region of Friuli Venezia Giulia, has received the official green light for its implementation as of 1 September 2023. Last week, Holding Slovenske Elektrarne (HSE), the leading partner in
Yangzijiang orders GTT tank designs for ten LNG-fueled container vessels
French LNG containment specialist GTT has received an order from its partner, the Chinese shipyard Yangzijiang, to design the cryogenic fuel tanks of ten ultra-large container vessels fueled with liquefied natural gas (LNG). The container vessels of 24,000 TEU each will be equipped with one single L
Germany updates its national hydrogen strategy
Germany has decided to update the National Hydrogen Strategy with the increased level of ambition in climate protection and the new challenges in the energy market. The Federal Cabinet made the decision on 26 July preceded by a political agreement of all departments, including the five core departme
With hydrocarbons present, results of North Sea well found to be ‘encouraging’
Ithaca Energy has revealed more information about the results of its exploration drilling at the K2 prospect, located in the North Sea.