Business & Finance
Biden in ‘historic action’ to cut methane emissions from oil & gas operations
U.S. government is proposing measures to cut methane emissions resulting from oil and gas operations as part of Biden’s commitment to action on climate change.
LS Cable & System, Northland Power team up in South Korea
South Korean subsea cable manufacturer LS Cable & System and Canadian offshore wind developer Northland Power have signed a Memorandum of Understanding (MOU) on cooperation in the South Korean offshore wind market. LS was recently selected as a preferred supplier of submarine cables for Northland Po
Tellurian reports strong 2021 Q3 results
U.S. LNG project developer Tellurian has reported LNG sales for the third quarter of 2021 at $15.6 million in revenues compared to $7.3 million during the same period of 2020.
McDermott teams up with Shell to cut emissions from construction ops
McDermott has signed a MOU with Shell to collaborate on decarbonising construction and building a pathway to a net-zero carbon future.
EDP Renewables invests in major Asian floating solar player
EDP Renewables (EDPR) has become a major shareholder in Singapore-based solar energy company Sunseap, having acquired the stake of 87.4% to reinforce its presence in the Asia-Pacific region.
Eminox-KBB partnership targets reduced marine engine emissions
Emissions control specialist Eminox and turbocharger maker Kompressorenbau Bannewitz (KBB) have teamed up to meet emissions compliance requirements for marine diesel engines.
Cairn concludes sale of interest in two UK fields for $455 million
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.
Gasum sells Risavika LNG plant to NSMP
The Nordic energy company Gasum has reached an agreement with North Sea Midstream Partners (NSMP) on the divestment of the Risavika LNG liquefaction plant.
HullWiper joins forces with World Subsea Services for sustainable hull cleaning
HullWiper has entered into a partnership with World Subsea Services to bring sustainable and affordable hull cleaning solutions to vessels calling at the Port of Colombo in Sri Lanka.
Empyrean gearing up to drill ‘first exciting exploration well in China’
Empyrean Energy has made significant operational progress towards spudding of an exploration well at the Jade prospect offshore China.
Entire Ærfugl field now online, Aker BP says
Norwegian oil and gas company Aker BP has started production from the Ærfugl phase 2 project located in the Norwegian Sea.
After Europe, offshore wind spending closing in on oil & gas in Asia, US
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Offshore drillers see meaningful improvement in market environment
Two giant offshore drilling contractors are encouraged by meaningful signs of improvement in the market and increase in rig day rates.
ConocoPhillips lifts dividend as profit returns
ConocoPhillips has increased its quarterly dividend as it returned to profit in the third quarter of 2021 driven by higher oil and gas prices.