Business & Finance
Three majors support research to monitor offshore methane emissions by satellite
Three oil and gas majors are supporting a research project from GHGSat to assess the feasibility of its methane monitoring technology.
Constellation drillship lands three-year gig with Petrobras
Brazilian drilling contractor Constellation Oil Services has been awarded a contract for a drillship from compatriot oil company Petrobras.
United States grants $27 million to bring wave energy technology to market
The U.S. Department of Energy (DOE) has made available up to $27 million in federal funding for research and development projects to convert energy from ocean waves into carbon-free electricity.
Eni boasts ‘significant’ oil discovery offshore Ghana
Italian oil and gas company Eni has made what it says is a significant oil discovery on the Eban exploration prospect offshore Ghana.
Finder Energy adds new license to UK North Sea portfolio
Perth-based Finder Energy has bought another UK North Sea license from Azinor Catalyst Limited – the highly prospective P2317 license named Goose.
Shell to raise shareholder returns amid ‘strong cash generation’
Driven by strong cash generation, oil major Shell will be increasing its returns to shareholders through share buybacks or dividends.
Woodside closes Sangomar buy. Drilling to start next week
Australian firm Woodside has completed the acquisition of FAR Limited’s entire participating interest in the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture.
First new Tyra platform set to sail away from Singapore
The first new platform for the TotalEnergies-operated and delayed Tyra project, located in the Danish North Sea, is now ready to sail away.
Shell and Uniper form green hydrogen pact
Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen economy in Europe. Under the MoU, the companies intend to find joint opportunities to couple industrial and mobility demand with hydrogen suppl
ICON and IK-group team up for pipeline repair, intervention and decom
Australian ICON Engineering and Norwegian IK-Group have formed an alliance for pipeline repair, intervention, and decommissioning.
KSOE poised to hit $14.9 billion order target earlier than expected
The latest plethora of deals scored by South Korea’s largest shipbuilder has enabled Korea Shipbuilding & Offshore Engineering (KSOE), a holding company of Hyundai Heavy Industries Group, to hit 94 percent of its $14.9 billion target for this year. The company announced several deals late last week
DP World snaps up U.S. logistics provider for $1.2 billion
Dubai-based port operator DP World has acquired U.S. logistics company Syncreon for an enterprise value of $1.2 billion.
Drewry: Carrier profits close in on $100 billion
2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50%, UK-based shipping consultancy Drewry believes. The profit surge is driven by huge operational disruptions as ports battle congestion and lack of equipmen
FPSO delays and cost overruns impact first gas timing at Greater Tortue Ahmeyim project
The BP-operated Greater Tortue Ahmeyim project in Mauritania and Senegal has experienced delays and cost overruns due to the Covid-19 pandemic.