Business & Finance
Neptune renews Petrofac contract on Cygnus
Oilfield services provider Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of $14 million.
EnQuest closes acquisition of Whalsay’s Bentley field in UK North Sea
UK oil and gas company EnQuest has completed the buy of a 100 per cent equity interest in the P.1078 license containing the proven Bentley heavy-oil discovery from Whalsay Energy.
US Congress urged to support maritime decarbonization with at least $20B
Fifteen port authorities, industry groups and environmental organizations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonization of the shipping industry.
Yara moves into fuel optimization business with Lean Marine takeover
Norwegian exhaust gas production firm Yara Marine Technologies has acquired Lean Marine, a company specializing in automated fuel-saving and performance management solutions for vessels. The move is in line with the company’s expansion plans beyond scrubbers, a market that took a major plunge during
Aker Solutions inks contract for Jansz-Io compression project
Aker Solutions has signed a contract with Chevron Australia for the supply of subsea compression technology for the Jansz-Io Compression (J-IC) project offshore Western Australia. As part of the deal announced earlier this month, Aker Solutions will provide engineering, procurement and construction
BP cheers biggest Shah Deniz milestone in 2021 after deepwater flank start-up
The BP-led Shah Deniz consortium has started production from the East South flank – the biggest milestone planned for the project this year.
Disappointed Talos to explore legal options over Mexico’s Zama decision
A very disappointed Talos Energy will be exploring legal options following a decision by the Mexican government, making Pemex the operator of Zama.
Germany wins EU funding for sustainable inland shipping program
The European Commission has approved a €131 million German scheme to support “the sustainable modernization” of inland waterway fleets in Germany.
Carnarvon Petroleum joins ‘net-zero by 2050’ club
Australian oil exploration company Carnarvon Petroleum has decided to become a net-zero emissions energy business by 2050 if not earlier.
Pioneering Spirit vessel delivers Valhall jacket for decom
Allseas and its giant heavy lift vessel Pioneering Spirit have delivered Aker BP’s Valhall QP jacket to a yard in Norway for decommissioning.
Maersk Training gets three-year deal with Diamond Offshore
Maersk Training will deliver immersive simulation and crew resource management training for Diamond Offshore crews worldwide.
ExxonMobil working to revive faulty Guyana FPSO as plans for Liza gas pipeline move ahead
Following repairs, ExxonMobil has started the second phase of testing at its Liza Destiny FPSO and is moving forward with plans for a gas pipeline in Guyana.
WATCH: Fire burns in Caspian Sea after mud volcano causes explosion near offshore fields
A massive explosion caused by a mud volcano on Sunday shook the Caspian Sea where Azerbaijan operates offshore oil and gas fields.
Ever Given to finally depart Suez Canal on Wednesday
After being stuck in the Suez Canal for over three months, the 20,000 TEU containership Ever Given is poised to leave the waterway as the canal authority and the owners of the vessel reach a final deal on compensation. “The UK Club is pleased to announce that, following the agreement in principle be