Business & Finance
Stena rig plotting a course to final Kinsale location
PSE Kinsale Energy is preparing to move a Stena Drilling-owned rig to a final location as part of the decommissioning campaign of the Kinsale gas fields.
Two junior players join forces for exploration drilling off Australia
Bounty has signed a binding farm-in agreement with Coastal for the drilling of three exploration wells in the Carnarvon Basin off Australia.
Falcon ROV to support subsea ops in Turkish waters
ARAS Marine has purchased a deep-rated Saab Seaeye Falcon remotely operated vehicle (ROV) to support the company’s operations in international and Turkish territorial waters.
Subsea 7-Schlumberger consortium wins offshore Turkey
The consortium of Subsea 7 and Schlumberger has won an engineering, procurement, construction, and installation (EPCI) contract by Turkish Petroleum for subsea equipment for the Sakarya development in the Black Sea.
Viaro’s RockRose buys batch of UK North Sea assets from SSE
Viaro Energy has completed the acquisition of a number of producing assets in the UK North Sea from energy company SSE.
Berenberg launches two new shipping funds
Germany’s private bank Berenberg has added two new closed-end multi-investor shipping funds to its portfolio.
Ørsted teaming up with Polish coal power producer to bid in offshore wind auctions
Ørsted and ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin), Poland’s second largest producer of energy from coal-fired plants with a strategy for phase-out until 2030, have signed a letter of intent to jointly participate in the upcoming auction for seabed leases in Poland and the country’s Contract
Shell’s new Upstream boss to also join executive committee
Oil major Shell has made changes to its executive committee by adding a new director and changing the role of a current member.
Occidental sells stakes in two Ghana fields for $750 million
Houston-based Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and GNPC.
Repsol invests $2.96 billion in renewable hydrogen push
Spanish oil and gas company Repsol says it will invest €2.549 billion ($2.958 billion) in the entire hydrogen value chain by 2030. Renewable hydrogen is one of Repsol’s strategic pillars to achieve zero emissions by 2050. Thus, the company presented its hydrogen strategy for up to 2030 Its goal is t
BP signs up for all crude oil from Cliff Head field
Oil major BP has entered into an agreement to buy all the crude oil produced from the Cliff Head field, located offshore Australia.
Maersk invests in Dutch start-up to develop green lignin marine fuels
Danish shipping major A.P. Moller – Maersk has made an investment in Vertoro, a Dutch start-up focused on developing liquid lignin technology which can be used as a marine fuel.
Manor Brunel to sport Teledyne survey equipment
Manor Renewable Energy (MRE) has placed an order with Teledyne for survey equipment to be installed onboard its new survey vessel Manor Brunel.
Suriname’s Staatsolie inks 30-year PSC with Chevron
Suriname’s Staatsolie has signed a 30-year production sharing contract with oil major Chevron for Block 5 located offshore Suriname.