Business & Finance

GTT YTD revenues in line with expectations
French LNG containment specialist Gaztransport & Technigaz (GTT) says its revenues for the first nine months of 2021 are in line with expectations.

ExxonMobil and Pertamina to gauge Indonesian CCS potential
ExxonMobil has signed a memorandum of understanding (MoU) with Pertamina to assess the potential for large-scale deployment of low-carbon technologies in Indonesia.

Petronas welcomes South Korea’s Posco as a new player in Malaysia
Petronas has awarded a Production Sharing Contract for Block PM524, located offshore Malaysia, to Posco International and Petronas Carigali.

Eco Wave Power tours Morocco ports for wave energy sightseeing
Eco Wave Power has visited the Port of Casablanca and Port of Mohammedia in Morocco to discuss the implementation of its wave energy technology in the National Port Agency (NPA).

Vår Energi refinances with $6 billion loan from 12 banks
Norwegian oil and gas company Vår Energi has taken out a loan of $6 billion from 12 different banks as part of its refinancing strategy.

Maersk reports record earnings, acquires German freight forwarder
Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings.

RVO puts the focus on green hydrogen
Peter Lambooij, senior communications advisor, and Edu Willemse, senior energy advisor, at the Netherlands Enterprise Agency (RVO.nl) shed the light on the agency’s fourth time joining OEEC, the Dutch energy sector, the importance of green hydrogen, and much more.

Neptune wraps up methane study in push to drive down emissions from O&G
Neptune Energy has completed a study with EDF to measure methane emissions on a working UK offshore platform using drone technologies.

Experience the OEEC Talk Shows and Energy Talks settings
Jaap Proost, Navingo’s content creator strategist, shares all the details about the Talk shows and Energy talks settings at the Offshore Energy Exhibition & Conference (OEEC), as well as the event in general.

STATS Group extends footprint in Australian pipeline market
UK-based STATS Group has set up a new Australian entity to support its drive in the country’s pipeline integrity market.

BP profit soars on higher oil and gas prices
Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.

Fresh contracts pour in for offshore rig owners as market continues to recover
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.

LNG carriers drive Panama Canal’s growth in FY21
The Panama Canal closed its fiscal year 2021 with a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS), coming in 8.7% higher compared to the 2020 fiscal year and 10% above tonnage registered in FY19, the waterway’s last pre-pandemic fiscal year.

Chris Westra launches his new book at OEEC 2021
Wind energy pioneer Chris Westra, CEO of Offshore Service Facilities, has launched and presented his book Build them at sea at the Offshore Energy Exhibition and Conference (OEEC) 2021.