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Business & Finance

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DP World
Business & Finance

DP World to scale up London Gateway with £1bn investment, bolstering UK trade capacity

UAE-based logistics titan DP World is set to invest £1 billion (approximately $1.3 billion) in expanding the London Gateway facility, with the aim of increasing the terminal’s capacity and enhancing the UK’s international trade resilience. As informed, the investment will see the addition of two new

about 2 years ago
Surveys mark start of preliminary work at Trinidad and Venezuela's joint gas project
Business & Finance

Surveys mark start of preliminary work at Trinidad and Venezuela’s joint gas project

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A geophysical and geotechnical survey are about to begin on a gas project being developed by Shell that is set to export gas from a field in Venezuela to the UK energy giant’s platform off Trinidad and Tobago, marking the start of preliminary work on the project. Chartered by Geohidra, a Venezuelan

about 2 years ago
Shearwater GeoServices to perform two consecutive projects in Asia Pacific
Business & Finance

Shearwater GeoServices to perform two consecutive projects in Asia Pacific

After a number of announcements revealing work scheduled for 2025, Norwegian marine geoscience and technology company Shearwater GeoServices has secured two consecutive projects in Asia Pacific that will be carried out this year. Shearwater will perform two consecutive towed streamer survey projects

about 2 years ago
Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel
Business & Finance

Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel

Denmark-based marine fuels supplier Bunker One has set up a new entity, Bunker One LNG BV, that will manage the physical LNG fuel portfolio, with plans to commence the first deliveries in northwestern Europe as of January 2025. Through the newly established entity, Bunker One will expand its current

about 2 years ago
Illustration of the field support vessel; Credit: Marin Teknikk
Business & Finance

Norwegian firm gets work on new vessel for Europe’s huge gas project

Norwegian Electric Systems (NES) has been tasked with developing and delivering complete energy design, an integrated automation system, and its future-oriented bridge system for a field support vessel a Norwegian shipyard is constructing for a giant gas project operated by Romanian’s integrated ene

about 2 years ago
Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws
Business & Finance

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 2 years ago
Fulmar platform in UK waters; Source: Repsol
Business & Finance

Baker Hughes and Repsol enhancing oil & gas production with AI-powered solutions

Baker Hughes has pooled resources with Spain’s Repsol to bring new artificial intelligence (AI) processes and workflows into play to unlock further improvements in the oil and gas production arena.

about 2 years ago
Closeup view of pipes onboard a vessel
Business & Finance

Swiss player procures 8 LNG carriers compressor gig with Hanwha Ocean

Swiss compression specialist Burckhardt Compression has received an order to deliver liquefied natural gas (LNG) boil-off-gas handling compressors for eight LNG carriers built by South Korea’s shipbuilder Hanwha Ocean.

about 2 years ago
Firefighting operation related to the stricken Annika oil tanker in the Baltic Sea; Source: Die Seenotretter - DGzRS
Business & Finance

Black smoke billows out as fire burns at oil tanker off Germany’s Baltic Sea coast

A seven-member crew has been evacuated and taken ashore after a fire broke out in the engine room of an oil tanker off the coast of Germany, however, efforts continue to put out the blaze.

about 2 years ago
NAM, a Shell-Exxon joint venture, which is paying compensation for homes damaged by seismic activity due to gas extraction in Groningen province, is anticipating the sale of its offshore assets in mid
Business & Finance

As Shell-ExxonMobil JV awaits divestment of offshore assets, Dutch govt facing lawsuit over gas field closure

NAM, a 50/50 joint venture (JV) between the UK-based Shell and the U.S.-headquartered ExxonMobil, is expecting to close its exploration and gas production chapter in the North Sea after more than 60 years next year. However, the inability to settle the dispute regarding the end of gas extraction act

about 2 years ago
Source: North Sea Transition Authority (NSTA)
Business & Finance

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 2 years ago
ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
Business & Finance

Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas

A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem

about 2 years ago
COSL Prospector rig; Source: Canarship
Business & Finance

Norwegian oil & gas player cleared to deploy COSL rig for Barents Sea drilling activities

Vår Energi has received the all-clear from Norway’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations at three wells in the Barents Sea.

about 2 years ago
KCA Deutag
Business & Finance

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 2 years ago