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Business & Finance

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Officials at the Coral Norte FLNG launching ceremony at Samsung Heavy Industries' Geoje Shipyard; Source: SHI
Business & Finance

Eni cheers launch of its Mozambique-bound FLNG at Samsung Heavy Industries’ shipyard

Italy’s energy giant Eni has attended the inauguration ceremony South Korea’s Samsung Heavy Industries (SHI) held for its second floating liquefied natural gas (FLNG) unit, which will be deployed in the supergiant Rovuma basin off the coast of Mozambique, Africa.

about 8 months ago
Eco Wave Power pushes ahead with 1 MW project in Portugal
Business & Finance

Eco Wave Power pushes ahead with 1 MW project in Portugal

Israel-headquartered developer Eco Wave Power is moving forward with the development of its 1 MW wave energy project in Portugal, after wrapping up a wave and loads assessment in cooperation with MetOcean Consult, a Netherlands-based consultancy specializing in independent metocean analysis, environ

about 8 months ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies and BluEnergies join forces to unlock deepwater fan play offshore Liberia

A Liberian upstream subsidiary of France’s energy giant TotalEnergies (TTE) has struck an industry-standard joint study and application agreement (JSAA) with BluEnergies (BLU), a Canadian-based international oil and gas exploration and development company with a focus on operations in West Africa, t

about 8 months ago
Courtesy of MOL Global Ship Management
Business & Finance

Wärtsilä lines up decade-long deal for 12 LNG vessels with MOL

Wärtsilä has landed a multi-year lifecycle agreement for 12 liquefied natural gas (LNG) carriers (LNGC) with MOL Global Ship Management, a Singapore-based ship management company fully owned by Mitsui O.S.K. Lines (MOL).

about 8 months ago
Woodside
Business & Finance

Multi-year LNG offtake with Japanese player in Woodside’s bag

Woodside Energy Trading Singapore, a subsidiary of Australia’s energy giant Woodside, has sealed a sale and purchase agreement (SPA) with Japan’s JERA for a long-term supply of liquefied natural gas (LNG) during Japan’s peak winter period.

about 8 months ago
Ninian Central platform; Source: CNRI
Business & Finance

Two North Sea oil & gas operators slapped with $469K fine for breaches in UK waters

Given its quest to come to grips with consent breaches on well decommissioning and excessive flaring and venting on the UK Continental Shelf (UKCS), Great Britain’s regulator, North Sea Transition Authority (NSTA), has imposed a penalty of £350,000 (around $469,000) on CNR International and NEO.

about 8 months ago
Illustration; Source: ARO Drilling
Business & Finance

Nine rigs from Valaris-Aramco JV’s fleet embrace ALTAVE’s AI monitoring solution

ARO Drilling, a 50/50 joint venture between Valaris and Aramco in Saudi Arabia, has made arrangements to equip nine rigs with artificial intelligence (AI) monitoring technology from ALTAVE, a technology player specializing in the development of AI solutions for monitoring and securing complex operat

about 8 months ago
Illustration; Source: Archer
Business & Finance

Fresh plug and abandonment gig takes Archer and SLB to Gulf of America

Oslo Stock Exchange-listed oil services company Archer, in collaboration with the U.S.-headquartered technology player SLB, has won a new integrated plug and abandonment (P&A) assignment in the Gulf of America (the U.S. Gulf of Mexico).

about 8 months ago
Courtesy of Diana Shipping
Business & Finance

Greek player’s takeover bid for US dry bulk shipping firm gets shot down

U.S.-based dry bulk shipowner Genco Shipping & Trading has turned down the acquisition offer from Diana Shipping, a Greece-headquartered shipping company.

about 8 months ago
PCTC Grande Manila; Source: Grimaldi Group
Business & Finance

Seventh ammonia-ready vessel joins Grimaldi’s fleet

Italy’s shipping player Grimaldi Group has taken delivery of the seventh ammonia-ready pure car and truck carrier (PCTC), which is already set for its maiden voyage on the Asia–Europe service.

about 8 months ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies offloads oil stakes in Nigerian JV and sets up Middle East’s new trading player

France’s energy giant TotalEnergies has taken steps to divest its oil interest in Renaissance joint venture (JV), formerly SPDC JV, licenses in Nigeria to Vaaris and breathe life into BxT Trading, a new trading company for petroleum products in the Middle East, with Bapco Energies.

about 8 months ago
Fugro, PTSC G&S extend offshore wind partnership in Vietnam by two more years
Business & Finance

Fugro, PTSC G&S extend offshore wind partnership in Vietnam by two more years

Fugro and PTSC Geos and Subsea Services (PTSC G&S), a branch of Petrovietnam Technical Services Corporation, have signed a new agreement to prolong their partnership in Vietnam by two years. Under an extended memorandum of understanding (MoU), the companies will continue jointly supporting Vietnam’s

about 8 months ago
Sierra Leone Fusion 3D PSDM is deemed to offer insights across several blocks; Source: TGS
Business & Finance

TGS enables Sierra Leone to gain insight into its offshore oil & gas potential

Norwegian energy data and intelligence company TGS has wrapped up a multi-client reprocessing project, which enhances seismic data for hydrocarbon potential in acreage off the coast of Sierra Leone, Africa.

about 8 months ago
Illustration; Source: Eco Atlantic
Business & Finance

Oil & gas duo in talks with Guyana over exploration and appraisal work at offshore block

Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, and its partner, Israel’s Navitas Petroleum, are engaged in discussions with Guyana’s Ministry of Natural Resources (MNR) to enable the continuation of the appraisal and exploration p

about 8 months ago
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