Business & Finance
US unveils $65M funding for biofuels research to cut ship emissions
The U.S. Department of Energy (DOE) has announced $64.7 million in funding for projects focused on producing cost-effective, low-carbon biofuels for ships and airplanes.
Shell re-staffing four Gulf of Mexico assets
In the aftermath of Hurricane Ida, Shell is redeploying its personnel to the Gulf of Mexico assets, which were evacuated ahead of the storm.
Santos and Oil Search seal the deal to create ‘regional champion’
Santos and Oil Search have entered into a definitive agreement to merge the two companies in a deal valued at about $16 billion.
GWEC expects record year in offshore wind installations
The Global Wind Energy Council (GWEC) expects 2021 to be the new record year for new offshore wind capacity installed globally. Last year, 6.1 GW of offshore wind capacity were installed globally, a slight decrease from a record 6.24 GW in 2019. With China’s offshore wind sector rushing to install 7
Sembcorp Marine put in charge of FEED work for Dorado FPSO
Singapore’s Sembcorp Marine has secured a contract from Altera Infrastructure to undertake the FEED work for Santos’ Dorado FPSO.
Maersk Training brings industry skills programme onshore
Maersk Training UK is launching its ‘industry skills’ programme of training onshore for the first time to support offshore and maritime operations.
ExxonMobil makes 20th discovery on Stabroek as new Liza FPSO heads to Guyana
Oil major ExxonMobil has revealed a new discovery has been made at the Pinktail well in the Stabroek Block offshore Guyana.
CMA CGM, AD Ports to build new terminal at Khalifa Port
French container shipping major CMA CGM and the UAE-based port operator Abu Dhabi Ports (AD Ports) have signed a 35-year concession agreement to develop a new terminal in Abu Dhabi.
Flex LNG to be listed on Oslo Børs
Norwegian pure-play LNG carrier company Flex LNG will be included in the Oslo Stock Exchange (Oslo Børs).
Equinor gearing up for North Sea well duo
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat and an appraisal well in the North Sea.
H&P to invest $100 million in ADNOC Drilling IPO
U.S.-based rig technologies and drilling solutions provider Helmerich & Payne will invest about $100 million in ADNOC Drilling’s IPO.
ABB, Aker Solutions join forces on offshore wind
ABB and Aker Solutions have added offshore wind to a strategic alliance agreement the two companies signed in 2016 for seabed solutions for oil and gas. The updated agreement, which now also includes offshore fish farming, covers electrical and control for seabed solutions and offshore wind, power-f
MOL signs transition loan contract for Japan’s first LNG-fueled ferries
Japanese shipping company Mitsui O.S.K. Lines (MOL) has concluded a syndicated transition loan contract for two LNG-fueled ferries, Sunflower Kurenai and Sunflower Murasaki.
Terra Nova partners sanction life extension project
Suncor and its Terra Nova partners have finalized the agreement to restructure the ownership and move forward with the life extension project.