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Business & Finance

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Illustration; Courtesy of Inpex
Business & Finance

Regulatory and policy woes hold Australia’s cross-border CCS ambition at bay, ANGEA warns

Given the rising trend toward pursuing transition to a low-carbon and emission-free future against the backdrop of growing climate change concerns, the Asia Natural Gas and Energy Association (ANGEA) has highlighted the key role Australia’s domestic carbon capture and storage (CCS) industry can play

about 1 year ago
DHT
Business & Finance

DHT Holdings bags financing for future-fit VLCC quartet

Bermuda-headquartered crude oil tanker company DHT Holdings has entered into a $308.4 million senior secured credit facility for the post-delivery financing of four of the company’s newbuilds currently under construction in South Korea. The vessels in question are a quartet of environmentally friend

about 1 year ago
Two offshore platforms connected by a bridge
Business & Finance

Energean and INA sanction €71M investment in Adriatic gas project

UK-based oil and gas player Energean and Croatia’s national petroleum company Industrija nafte (INA) have taken a final investment decision (FID) for the development of a gas field offshore Croatia.

about 1 year ago
FPSO Agogo; Source: Azule Energy
Business & Finance

BP-Eni JV marks first oil milestone from Yinson Production’s carbon capture-enhanced FPSO

Azule Energy, a 50/50 independent joint venture between the UK-headquartered BP and Italy’s Eni, has achieved the start of oil production from its project off the coast of Angola, which is connected to a floating production, storage, and offloading (FPSO) vessel with carbon capture technology to dec

about 1 year ago
EU flags
Business & Finance

EU at energy crossroads: €700 billion to triple US oil, gas, and nuclear imports puts Europe’s decarbonization at risk

The European Environmental Bureau (EEB), said to be Europe’s largest network of environmental non-government organizations (NGOs), has portrayed the new trade deal between the European Union (EU) and the United States (U.S.) in a different light from the one presented by the European Commission, whi

about 1 year ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes’ $13.6 billion move on Chart spotlights gas, data centers, and decarbonization growth drivers

Baker Hughes has made a multibillion-dollar play for Chart Industries to high-grade its portfolio with differentiated capabilities across a diverse set of markets, including LNG, data centers, and low-carbon plays.

about 1 year ago
Jacket for Crux platform on its way to Australia; Source: Shell
Business & Finance

McDermott sends off one of its largest structures ever built to Shell’s huge gas project

McDermott has confirmed the load-out of a jacket built for an offshore platform destined for a natural gas development, which Shell Australia, a subsidiary of the UK-headquartered energy giant Shell, operates off the coast of Western Australia.

about 1 year ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

Worley in the clear to bring first chapter of Venture Global’s $28 billion LNG project to life

With the go-ahead in hand, Australia’s Worley is all set to embark on the full scope of work at a multibillion-dollar liquefied natural gas (LNG) export project in Louisiana, which represents the third such facility Venture Global has set its cap on building in the United States over the past five y

about 1 year ago
Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo
Business & Finance

Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo

UK shipping company Union Maritime has closed a $130 million delivery financing agreement for two newbuild long-range (LR2) tankers that will be fitted with LNG dual-fuel and wind-assisted propulsion solutions.

about 1 year ago
Illustration; Source: ONGC
Business & Finance

BP, ONGC, and Reliance sign on the dotted line for oil & gas search at India’s offshore block

Three oil and gas players – BP Exploration (Alpha), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation (ONGC) – have joined forces to embark on hydrocarbon exploration activities at a block off the coast of India, which was acquired in the country’s ninth oil and gas bid round.

about 1 year ago
Noble Sam Croft drillship; Source: Noble Corporation
Business & Finance

Noble’s rigs and Kongsberg Maritime’s tech opening doors to drilling innovation

Noble Corporation, a U.S.-based offshore drilling giant, has joined forces with Kongsberg Maritime, a Norway-headquartered marine technology player, to drive the creation of advanced marine technologies for the offshore drilling realm.

about 1 year ago
Armada platform
Business & Finance

UK operator gets $200K fine for vent breaches at North Sea gas hub

As Great Britain’s regulator, North Sea Transition Authority (NSTA), tightens the noose on excessive emissions of greenhouse gases by tackling flaring and venting activity, Chrysaor, which became part of Harbour Energy in 2021, has been fined £150,000 ($200,269.5) for vent breaches at its offshore p

about 1 year ago
Allseas-Boskalis team wins €1.2B Taiwan offshore pipeline deal
Business & Finance

Allseas-Boskalis team wins €1.2B Taiwan offshore pipeline deal

Allseas and Boskalis have secured a €1.2 billion contract through their 50:50 consortium with CPC Corporation Taiwan for the design and installation of a 36-inch offshore natural gas pipeline. According to Allseas, the new YT2 pipeline will span approximately 232 kilometers, running parallel to the

about 1 year ago
Haiji-2 (for illustration purposes); Source: CNOOC
Business & Finance

China’s gas arsenal grows with another offshore project in production mode

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has brought online a gas development project off the coast of China.

about 1 year ago
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