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Business & Finance

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Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago
UK's Grain LNG posts utilization records
Business & Finance

Centrica concludes LNG supply deal with Repsol

UK’s Centrica Energy and Spain’s Repsol have signed an LNG supply deal that will see Centrica purchase 1 million tons of LNG shipments between 2025 and 2027. According to Centrica, all of the cargos are expected to be delivered to the Grain LNG import terminal, which is expected to soon have enough

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about 2 years ago
UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact
Business & Finance

UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact

Freeport East, one of twelve Freeports established in the UK, and Australian green hydrogen storage company Rux Energy have signed a collaboration agreement to achieve the safe storage, distribution, and supply of low-carbon hydrogen within the UK and exporting green hydrogen across the world. The a

about 2 years ago
Sweden closes investigation on Nord Stream pipeline incident
Business & Finance

Sweden closes investigation on Nord Stream pipeline incident

Sweden has decided to close its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were found on the Nord Stream 1 and 2

about 2 years ago
UK-Belgian joint venture buys 25-year-old cable-layer
Business & Finance

New UK-Belgian joint venture buys 25-year-old cable-layer

UK’s Enshore Subsea and Belgian Herbosch-Kiere have partnered to purchase a 25-year-old cable-laying vessel (CLV) in a newly created joint venture. Herbosch-Kiere and Enshore Subsea have purchased the 1999-built, 88-meter-long Topaz Installer vessel, set to be renamed CMOS Installer. The vessel is m

about 2 years ago
CoolCo seals new 12-month LNG carrier charter deal
Business & Finance

CoolCo seals new 12-month LNG carrier charter deal

Cool Company (CoolCo), an owner, operator, and manager of LNG carriers, has secured a new time charter agreement with Santos Shipping Singapore for one of its TFDE vessels that will undergo LNGe upgrades to reduce emissions. The 12-month charter agreement is scheduled to commence in the first quarte

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Dana Petroleum entering Shell’s North Sea license ahead of drilling ops

Deltic Energy is in the process of divesting a partial stake in a Shell-operated license to Dana Petroleum.

about 2 years ago
Shearwater platform in the North Sea; Source: Shell
Business & Finance

Norwegian firm broadens its North Sea horizons with stake in Shell’s UK gas field

DNO has put the wheels into motion to expand its North Sea portfolio by acquiring an interest in a Shell-operated gas field.

about 2 years ago
Oceaneering reels in $200 million in new contracts
Business & Finance

Oceaneering reels in $200 million in new contracts

Oceaneering International has secured multiple contracts during the fourth quarter of 2023 with an anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts in Oceaneering’s Manufactured Products segment range in value from less than $10 million to gr

about 2 years ago
Argos platform in the Gulf of Mexico; Source: BP
Business & Finance

BP’s profit cut in half but $13.8 billion still cinched in 2023

Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

about 2 years ago
Green light for Italy's €1.3 billion, 1 GW submarine power line
Business & Finance

Green light for Italy’s €1.3 billion, 1 GW submarine power line

Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de

about 2 years ago
Höegh LNG settles disputes with charterer of PGN FSRU Lampung
Business & Finance

Höegh LNG settles disputes with charterer of PGN FSRU Lampung

Bermuda-based owner and operator of LNG carriers and FSRUs Höegh LNG has provided an update stating that the previously disclosed disputes and pending arbitrations with the charterer of PGN FSRU Lambung, which is serving Pertamina’s Perusahaan Gas Negara (PGN) off Indonesia, have been settled. In a

about 2 years ago
Shearwater GeoServices goes to India
Business & Finance

Shearwater GeoServices goes to India

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel

about 2 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business & Finance

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago