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Business & Finance

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FPSO BW Opal; Source: BW Offshore
Business & Finance

Australian energy firm making headway in bringing giant gas project to life

Santos is continuing to forge ahead with the works required to start production from its natural gas development project off the coast of Australia, which will backfill Darwin LNG for up to two decades.

about 2 years ago
EU project focused on environmental monitoring of ocean energy devices gets another extension
Business & Finance

EU project focused on environmental monitoring of ocean energy devices gets another extension

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The EU-backed SafeWAVE project, which has the aim of overcoming some of the non-technological barriers that could hinder the future development of ocean energy, has been extended until December 2024. The extension of the Streamlining the Assessment of Environmental Effects of Wave Energy (SafeWAVE)

about 2 years ago
Illustration; Source: Staatsolie
Business & Finance

QatarEnergy joining Chevron in block offshore Suriname ahead of drill-or-drop commitment

QatarEnergy has inked a deal with Chevron to acquire an interest in a production-sharing contract (PSC) for a block offshore Suriname.

about 2 years ago
Saipem to supervise natural gas pipeline between Libya and Italy
Business & Finance

Saipem to supervise gas pipeline it laid between Libya and Italy in early 2000s

Italy’s Saipem has been appointed to supervise and provide subsea intervention services for the offshore and onshore sections of a natural gas pipeline connecting Libya and Italy through the Mediterranean Sea. Under the contract secured with GreenStream BV, a midstream player in the Mediterranean Se

about 2 years ago
France LNG Shipping signs another LNGC charter agreement with EDF
Business & Finance

NYK acquires majority stake in ENEOS Ocean’s new business

NYK and ENEOS Ocean have agreed to NYK’s acquisition of 80% of the shares of a new company to be established by ENEOS Ocean.

about 2 years ago
FPSO Bacalhau; Source: Equinor
Business & Finance

MODEC’s Brazil-bound FPSO sets the bar on sustainability for newbuild units of this type

MODEC has celebrated the approval in principle (AiP) bestowed upon its FPSO vessel for Abate Notation from the classification society DNV.

about 2 years ago
Canada boosts green shipping corridor projects with fresh funding
Business & Finance

Canada boosts green shipping corridor projects with fresh funding

The Government of Canada has awarded $1.7 million in funding to fourteen projects under the Green Shipping Corridor Program’s Clean Vessel Demonstration program.

about 2 years ago
'Significant progress' on converter station sites for first France-Ireland interconnector
Business & Finance

‘Significant progress’ on converter station sites for first France-Ireland interconnector

The construction works for Celtic Interconnector, the first interconnector between Ireland and France, are well underway, with converter station sites on both sides of the project achieving “significant progress”, Irish transmission system operator (TSO) EirGrid reported. On the Irish side in Ballya

about 2 years ago
Illustration; Source: Enauta
Business & Finance

Brazilian players eye merger closing date in two weeks

Brazil’s Enauta and 3R Petroleum Óleo e Gás have shared the indicative timeframe for making their proposed merger official.

about 2 years ago
Nigeria LNG
Business & Finance

With Shell shedding Nigerian onshore business, TotalEnergies follows suit to pursue LNG and offshore oil & gas opportunities

TotalEnergies has made its move to divest interests in the SPDC joint venture (JV) seven months after Shell did the same. However, the French player will retain its stake in gas supply to Nigeria LNG (NLNG), as liquefied natural gas (LNG), alongside offshore oil and gas assets, are part of the firm’

about 2 years ago
Illustration; Source: LLOG
Business & Finance

US oil & gas player bags 41 new Gulf of Mexico blocks close to existing deepwater discoveries as it gears up for appraisal ops

LLOG Exploration has added 41 deepwater blocks to its list of assets in the Gulf of Mexico, where it plans to spud an appraisal well this quarter.

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK set on leaving fossil fuels behind and turning into clean energy superpower

The UK is determined to accelerate its energy transformation, moving away from coal, oil, and gas to turbocharge its clean, green energy mission before the end of the decade.

about 2 years ago
An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Business & Finance

US LNG project coming back online following hurricane-induced damage and outage

With the initial repairs nearing the end, an LNG export project in Texas is anticipated to return to partial production during the week.

about 2 years ago
Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business
Business & Finance

Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business

Aramco has signed definitive agreements to acquire an equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).

about 2 years ago