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Business & Finance

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Saudi’s NEOM secures $2.7 billion for development of major projects
Business & Finance

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago
Wallenius Wilhelmsen: CO2 intensity target achieved in 2023
Business & Finance

Wallenius Wilhelmsen: CO2 intensity target achieved in 2023

Norwegian shipping and logistic company Wallenius Wilhelmsen has updated its progress on emissions targets and performance related to its sustainability-linked financing framework established in 2022.

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about 2 years ago
Works at full speed at New York's 1.25 GW subsea HVDC link
Business & Finance

Works at full speed at New York’s 1.25 GW subsea HVDC link

DeepOcean has completed its first campaign under a contract with NKT for the provision of subsea construction support for a subsea HVDC cable that will link the Canadian border and New York. DeepOcean reported that its U.S. operation had wrapped up the first campaign for the Champlain Hudson Power E

about 2 years ago
BW MaBoMo; Source: BW Energy
Business & Finance

BW Energy pens $150 million deal for production facility working offshore Gabon

BW Energy has inked a sale and lease back agreement with Minsheng Financial Leasing Co (MSFL) for an offshore production facility.

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

Chevron widens its oil & gas footprint in Namibia with operatorship of two offshore blocks

Chevron has enriched its offshore oil and gas portfolio in Africa with the entrance into a new license off the coast of Namibia.

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

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
Abdülhamid Han drillship; Source: TPAO
Business & Finance

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago
FPSO One Guyana for ExxonMobil's oil project offshore Guyana; Source: SBM Offshore
Business & Finance

ExxonMobil and Chevron feel bite of lower gas prices but multi-billion profits still in the bag

ExxonMobil and Chevron have joined their European counterparts in posting quarterly results affected by a global plunge in gas prices.

about 2 years ago
Carnegie brings MoorPower demonstrator back to shore for maintenance
Business & Finance

Carnegie brings MoorPower demonstrator back to shore for maintenance

Following the initial phase of operations offshore North Fremantle in Western Australia, Carnegie Clean Energy has brought its MoorPower demonstrator back to port for inspection and maintenance, with redeployment expected in several weeks. At the beginning of the year, Carnegie deployed the MoorPowe

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor gets ready to spud North Sea pair in June

Equinor has secured a drilling permit from the country’s authorities for two exploration wells in the North Sea off the coast of Norway.

about 2 years ago
Source: ExxonMobil Singapore
Business & Finance

New low-carbon lab launched in Singapore to help usher in cleaner future

A new corporate lab has been established in Singapore to create solutions leading to lower carbon emissions and a more sustainable future.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project

TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.

about 2 years ago
ExxonMobil taps French pipe supplier for its sixth oil development off Guyana
Business & Finance

ExxonMobil taps French pipe supplier for its sixth oil development off Guyana

French provider of tubular solutions Vallourec has secured a contract with ExxonMobil to deliver pipe for a deepwater oil development located offshore Guyana. The contract for the deepwater Whiptail project represents the fourth major order in the framework of the long-term agreement (LTA) signed in

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

Perenco plans to revitalize oil fields offshore Brazil once it takes over two assets from Petrobras

Perenco has unveiled a redevelopment plan for two oil assets in the Campos Basin off the coast of Brazil, which the firm will acquire from Petrobras.

about 2 years ago