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Business & Finance

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Maintenance checks on recently commissioned S-938 well; Source: Heritage
Business & Finance

Start-up of another well boosts Trinidad and Tobago’s oil production

Heritage Petroleum Company Limited (Heritage) has brought on stream a new oil well off the coast of Trinidad and Tobago.

about 2 years ago
Hydrogen industry in Canada receives $57 million boost
Business & Finance

Hydrogen industry in Canada receives $57 million boost

The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.

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about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Business & Finance

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
Dorado drillship; Source: Pelago Management
Business & Finance

Drillship reaches its destination to await its inaugural drilling assignment

A newbuild ultra-deepwater drillship, acquired by Eldorado Drilling, has arrived in Malaysia, where it will stay until it secures its maiden drilling job.

about 2 years ago
Illustration; Source: Texas LNG
Business & Finance

Texas LNG tucks another tolling deal under its belt

Texas LNG has signed a second heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services.

about 2 years ago
European Investment Bank to support Plagazi’s Köping Hydrogen Park
Business & Finance

European Investment Bank to support Plagazi’s Köping Hydrogen Park

Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.

about 2 years ago
Factory acceptance testing tick for Norwegian long-range AUV
Business & Finance

Factory acceptance testing wraps up for Norwegian long-range AUV

Norway’s Kongsberg Discovery has completed factory acceptance testing for the first production system of its long-range autonomous underwater vehicle (AUV) HUGIN Endurance. Sea trials for the first production unit began in September 2023, and over the last months, the Kongsberg Discovery Uncrewed Pl

about 2 years ago
James Hill, CEO of MCF Energy
Business & Finance

Op-ed: Hormuz blockage – A potential win for the LNG market?

A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.

about 2 years ago
FPF-1 facility; Source: Ithaca Energy
Business & Finance

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Business & Finance

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

As Noble drillship winds down its drilling gig, new bundle of opportunities springs up offshore Africa

Noble Corporation has unveiled a set of new assignments for one of its drillships off the coast of Africa.

about 2 years ago
Uniper and Salzgitter ink preliminary hydrogen supply deal
Business & Finance

Uniper and Salzgitter ink preliminary hydrogen supply deal

German companies Uniper and Salzgitter have signed a pre-contract for the supply and purchase of green hydrogen.

about 2 years ago
After LS Cable & System, Hellenic Cables gets financial push for US cable factory
Business & Finance

After LS Cable & System, Hellenic Cables gets financial push for US cable factory

Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland

about 2 years ago
West Kingfish platform; Source: ExxonMobil
Business & Finance

ExxonMobil’s pipeline rupture at gas platform offshore Australia prompts calls to raise the regulatory action bar

The Maritime Union of Australia (MUA) is adamant that a recent gas pipeline rupture at a platform offshore Australia spotlights the need for regulatory action.

about 2 years ago