Business & Finance

Eni and Mubadala to pursue energy transition opportunities
UAE-based Mubadala Petroleum and Italy’s Eni have agreed to collaborate on the energy transition-related initiatives.

Seadrill on track for Chapter 11 emergence
Seadrill Limited is on track for Chapter 11 emergence following court approval of its disclosure statement for the reorganization plan.

K Line unveils its 2nd transition linked loan
Japanese shipping major Kawasaki Kisen Kaisha (K Line) revealed plans to finance its transition linked loan (TLL) at the end of September 2021.

Talos trying to resolve Zama controversy through notice of dispute
Talos Energy has decided to dispute the Mexican government’s decision to designate the state-owned Pemex as the operator of the Zama field.

Enauta reports another pump failure at Atlanta field
Enauta has revealed that one of the producing wells on the Atlanta field has stopped producing, less than two weeks after returning to full production.

Shell workers returning to Gulf of Mexico asset
Shell has started redeploying workers evacuated due to Hurricane Ida to a Gulf of Mexico asset but 80% of its production remains offline.

Abu Dhabi’s TAQA considering sale of oil & gas business
Abu Dhabi National Energy Company PJSC (TAQA) has initiated a strategic review of its oil and gas operations.

Hyundai Glovis signs gas shipping deal with Trafigura
Hyundai Glovis, the logistics arm of South Korea’s Hyundai Group, has entered into an agreement with Switzerland-based commodity trading company Trafigura to deliver ammonia and liquefied natural gas (LPG) from 2024.

Wintershall Dea confirms oil discoveries in Norwegian Sea
Oil and gas company Wintershall Dea has completed the drilling of an appraisal well on the Bergknapp oil discovery, located in the Norwegian Sea, and found additional volumes. Drilled from the Deepsea Aberdeen semi-submersible rig, the re-entry and appraisal wells confirmed the oil discoveries in th

Neptune gets nod to drill North Sea prospect
Neptune Energy has received consent from Norwegian authorities for exploration drilling in the North Sea, using an Odfjell Drilling-owned rig.

In focus: Enabling the future step by step
When it comes to the energy transition, we have already seen that the first-mover advantage is there.

First steel cut for SBM Offshore’s Fast4Ward FPSO hull
A Chinese shipyard has started building another FPSO for SBM Offshore, making it the fourth Fast4Ward FPSO hull to be built by the shipyard.

Hurricane Ida aftermath: Shell platform suffers damage, most of the output offline
Shell has reported that one of its Gulf of Mexico platforms has been damaged in Hurricane Ida and the majority of output remains offline.

World’s 1st green ammonia terminal wins major governmental grant
Azane Fuel Solutions, a joint venture created by technology company ECONNECT Energy and zero-emission ship project specialist Amon Maritime, has been awarded NOK 89 million (EUR 8.6 million) from the Norwegian Green Platform Initiative to deliver green ammonia bunkering solutions.