Business & Finance
Eni’s profit cut nearly in half but progress made on enlarging natural gas portion of global portfolio
Eni has revealed solid performance in 2Q and 1H 2023, despite its results being affected by a steep drop in oil and gas prices.
OCI Global to supply X-Press Feeders with green methanol after Maersk success
Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co
Pipes for second phase of giant Black Sea gas project to come from Italy
Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub
Safe Bulkers welcomes 4th newbuild, advances eco upgrades
Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with
BP and OMV ink long-term LNG supply agreement
UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob
Fleet expansion with two Transocean rigs represents harbinger of growth for Dolphin Drilling
Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.
As oil & gas prices tumble down from 2022 highs, Shell’s profit follows suit
Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.
TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day
TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.
Ireland plans interconnector expansion to EU and UK, aims to become renewable energy exporter
The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity
EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal
The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise
Fugro delivers on mid-term targets with offshore wind activities leading the way
Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore
North Adriatic Hydrogen Valley project set to kick off in September 2023
The North Adriatic Hydrogen Valley (NAHV) project, a transnational project by Slovenia, Croatia and the Italian Region of Friuli Venezia Giulia, has received the official green light for its implementation as of 1 September 2023. Last week, Holding Slovenske Elektrarne (HSE), the leading partner in
With hydrocarbons present, results of North Sea well found to be ‘encouraging’
Ithaca Energy has revealed more information about the results of its exploration drilling at the K2 prospect, located in the North Sea.