Business & Finance
As energy transition plays out, Shell exits Permian with $9.5 bln sale to ConocoPhillips
Shell’s move is in line with efforts to shift its focus on the energy transition while ConocoPhillips believes it will enable it to play a valued role in the transition.
Saipem and Saudi Aramco to explore creating new EPC player in Saudi Arabia
Saipem and Saudi Aramco will explore the possibility of setting up a potential new company in Saudi Arabia for offshore engineering and construction operations.
ADC Energy to evaluate rigs for LNG deployment
ADC Energy announced its latest win in the LNG sector, after securing a contract with a U.S.-based global infrastructure organisation.
TMC hired to supply compressors for Woodside’s Sangomar FPSO
TMC Compressors has been contracted to supply the marine compressed air system for Woodside’s Sangomar FPSO, which will operate in Senegal.
BP starts up Matapal gas project off Trinidad
Oil and gas major BP has achieved the first gas from its Matapal project located in waters offshore Trinidad.
Shelf Drilling wins three-year job for jack-up in India
Offshore drilling contractor Shelf Drilling has won a new three-year contract for a jack-up drilling rig for operations off India.
ORE Catapult, HonuWorx to boost use of subsea robotics in offshore wind
Offshore Renewable Energy (ORE) Catapult and HonuWorx are set to demonstrate a concept for a submersible mothership to be used at offshore wind farms.
Equinor to pump up gas supply for tight European market
Equinor and its partners have received permission to increase gas exports from two fields in Norway to supply the tight European market.
Wintershall Dea gets cease-and-desist letter from German environmentalists
Wintershall Dea has received a letter from a German environmental association, calling for the company to stop its activities under a warning of legal action.
Wärtsilä to sell LNG tank control system division to Svanehøj
Finnish technology group Wärtsilä has decided to sell Wärtsilä Tank Control Systems (TCS) business to Danish marine pump manufacturer Svanehøj.
BP charters Prosafe unit for UK North Sea job
Oil major BP has chartered the Prosafe-owned Safe Zephyrus to support the Seagull project at the ETAP facility in the UK North Sea.
Brazil’s Petrobras commits to net-zero
Petrobras has revealed an ambition to achieve net-zero emissions from operations under its control in a timeframe set by the Paris Agreement.
Minesto unveils new range of power plants
Marine energy developer Minesto has introduced the Dragon Class range of power plants, an upgraded design of its Deep Green technology for predictable renewable electricity generation from tidal and ocean currents. The Dragon Class will be delivered and installed in all of Minesto’s ongoing projects
Uniper and Ørsted form offshore wind-to-hydrogen partnership in Germany
Power producer and gas trader Uniper has formed a strategic partnership with Ørsted to jointly develop combined offshore wind and hydrogen projects on a large scale in Germany. This is to be achieved in particular through a system-serving direct integration of hydrogen production from offshore wind