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Business & Finance

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Second H2Global tender worth €2.5 billion kicks off
Business & Finance

Second H2Global tender worth €2.5 billion kicks off

Germany-based Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism, has launched the second tender worth €2.5 billion.

about 1 year ago
work-class remotely operateed vehicle (ROV), XLX EVO III Render. Source: FET
Business & Finance

UK firm rolls out new remotely operated vehicle for subsea operations

UK’s Forum Energy Technologies (FET) has introduced its ultra-heavy-duty work-class remotely operated vehicle (ROV) designed to enhance subsea operations with increased payload capacity and advanced control capabilities. According to FET, the XLX EVO III ROV features larger thrusters for improved th

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about 1 year ago
An offshore platform
Business & Finance

Occidental selling upstream assets to slash debt

Occidental (Oxy) has made progress on its debt-reduction plan by reaching a near-term debt repayment target and signing two agreements to divest upstream assets to undisclosed buyers.

about 1 year ago
Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Business & Finance

UK player staying on duty at giant oil field offshore Qatar for five more years

EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Business & Finance

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago
Stella Maris CCS; Source: Altera Infrastructure
Business & Finance

Yinson Production broadens its carbon capture and storage horizons with Stella Maris CCS buy

Yinson Production has opened itself up to new decarbonization inroads with the acquisition of Norway-based Stella Maris carbon capture and storage (CCS) business that aims to unlock large-scale floating collection, transport, and offshore storage of CO2.

about 1 year ago
Calcasieu Pass facility; Source: Venture Global LNG
Business & Finance

More US LNG coming to market in mid-April with start-up of commercial ops at Calcasieu Pass

Venture Global has disclosed a date for the beginning of commercial operations at its LNG export project in Cameron Parish, Louisiana, south of Lake Charles, United States.

about 1 year ago
power system
Business & Finance

Next-gen power system for green shipping wins EU funding

The European Union has granted NOK 90 million (about €7.8 million) to the STEESMAT project, aimed at developing power distribution systems for zero-emission ships of the future.

about 1 year ago
FPSO Petrojarl I; Source: Altera Infrastructure
Business & Finance

39-year-old FPSO ready for redeployment as it changes hands

A 1986-built floating production, storage, and offloading (FPSO) vessel, seen as capable of supporting early-phase and tail-phase production at offshore oil fields given its experience to date, is getting a new owner, which intends to find a new job for the unit in regions such as Vietnam, Suriname,

about 1 year ago
Illustration; Source: Scana-owned Seasystems
Business & Finance

Multimillion-dollar FLNG mooring deal ends up in Scana’s workbook

Norway-based Seasystems, a Scana-owned mooring solutions business for floating structures, has received a new order to deliver mooring equipment for a floating liquefied natural gas (FLNG) project to an undisclosed company.

about 1 year ago
FSO Palanca; Source Stapem Offshore
Business & Finance

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

Afentra has confirmed that hydrocarbon production from a block off the coast of Angola is offset by a growth in reserves based on the latest Competent Person’s Report (CPR) for Block 3/05, conducted by ERC Equipoise (ERCE).

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business & Finance

QatarEnergy’s CEO pins oil, gas, and renewables as ingredients of ‘resilient’ energy supply

While discussing the tools required to meet energy demands and move forward with the transition to low-carbon and green sources of supply, the CEO of QatarEnergy has emphasized the importance of diversifying the energy mix by feeding oil and gas alongside renewable energy to its global arsenal.

about 1 year ago
Enagás to invest over €3 billion in hydrogen infrastructure by 2030
Business & Finance

Enagás to invest over €3 billion in hydrogen infrastructure by 2030

Enagás will allocate €3.125 billion to the deployment of renewable hydrogen infrastructure as a part of its strategic investment of €4.035 billion over the next six years.

about 1 year ago
After recent contract termination, DOF vessel returns to Gulf of Mexico for two subsea gigs
Business & Finance

After recent contract termination, DOF vessel returns to Gulf of Mexico for two subsea gigs

Norwegian vessel owner DOF Group has secured two subsea construction projects for its subsea vessel Skandi Implementer in the Gulf of Mexico/America with two international oil companies. Skandi Implementer, which recently departed Mexico following contract termination after payment default from a cl

about 1 year ago