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Business Developments & Projects

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FPSO One Guyana for ExxonMobil's oil project offshore Guyana; Source: SBM Offshore
Business Developments & Projects

ExxonMobil and Chevron feel bite of lower gas prices but multi-billion profits still in the bag

ExxonMobil and Chevron have joined their European counterparts in posting quarterly results affected by a global plunge in gas prices.

about 2 years ago
HD KSOE, partners embark on joint project to reduce GHG emissions
Business Developments & Projects

HD KSOE, partners embark on joint project to reduce GHG emissions

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South Korean shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE) has signed an agreement with compatriot Korea East-West Power and Korean small and medium businesses (SMEs) to develop a joint project aimed at reducing greenhouse gas (GHG) emissions in the shipping industry.

about 2 years ago
Carnegie brings MoorPower demonstrator back to shore for maintenance
Business Developments & Projects

Carnegie brings MoorPower demonstrator back to shore for maintenance

Following the initial phase of operations offshore North Fremantle in Western Australia, Carnegie Clean Energy has brought its MoorPower demonstrator back to port for inspection and maintenance, with redeployment expected in several weeks. At the beginning of the year, Carnegie deployed the MoorPowe

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business Developments & Projects

Equinor gets ready to spud North Sea pair in June

Equinor has secured a drilling permit from the country’s authorities for two exploration wells in the North Sea off the coast of Norway.

about 2 years ago
Source: ExxonMobil Singapore
Business Developments & Projects

New low-carbon lab launched in Singapore to help usher in cleaner future

A new corporate lab has been established in Singapore to create solutions leading to lower carbon emissions and a more sustainable future.

about 2 years ago
Lloyd’s Register approves H2SITE’s on-board ammonia cracking technology
Business Developments & Projects

Lloyd’s Register approves H2SITE’s on-board ammonia cracking technology

H2SITE has received approval in principle (AiP) from Lloyd’s Register (LR) for its AMMONIA to H2POWER technology for on-board ammonia cracking.

about 2 years ago
Brunvoll
Business Developments & Projects

France: Brunvoll propulsion picked for ‘world’s largest’ sailing ships

French shipbuilder Chantiers de l’Atlantique has chosen Norwegian company Brunvoll to supply the main propulsion for Orient Express Silenseas’s new wind-powered cruise vessels.

about 2 years ago
Bergen Engines joins Norwegian initiative for transition to alternative marine fuels
Business Developments & Projects

Bergen Engines joins Norwegian initiative for transition to alternative marine fuels

Bergen Engines joined FME MarTrans, an initiative for reducing emissions and energy consumption and increasing the use of alternative fuels.

about 2 years ago
Tyra II; Source: TotalEnergies
Business Developments & Projects

Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project

TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.

about 2 years ago
ExxonMobil taps French pipe supplier for its sixth oil development off Guyana
Business Developments & Projects

ExxonMobil taps French pipe supplier for its sixth oil development off Guyana

French provider of tubular solutions Vallourec has secured a contract with ExxonMobil to deliver pipe for a deepwater oil development located offshore Guyana. The contract for the deepwater Whiptail project represents the fourth major order in the framework of the long-term agreement (LTA) signed in

about 2 years ago
European Commission and Saudi Arabia eyeing energy cooperation
Business Developments & Projects

European Commission and Saudi Arabia eyeing energy cooperation

European Commission and Saudi Arabia have held talks in view of a Saudi-EU memorandum of understanding (MoU) on energy cooperation.

about 2 years ago
Illustration; Source: Petrobras
Business Developments & Projects

Perenco plans to revitalize oil fields offshore Brazil once it takes over two assets from Petrobras

Perenco has unveiled a redevelopment plan for two oil assets in the Campos Basin off the coast of Brazil, which the firm will acquire from Petrobras.

about 2 years ago
Deepwater Gunashli platform; Source: BP
Business Developments & Projects

BP shuts down oil production at offshore platform in Azerbaijan

BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago
Illustration; Credit: Taylor Ken/TotalEnergies
Business Developments & Projects

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago