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Business & Finance

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McDermott returns to Malaysian field under 'sizeable' contract with PTTEP
Business & Finance

McDermott returns to Malaysian field under ‘sizeable’ contract with PTTEP

McDermott has won what it defines as a “sizeable” offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for a project offshore Malaysia on which it had worked in the early 2010s. Under the contract worth between $1 million and $50 million, McDermott wi

about 2 years ago
AG&P inks 20-year deal to operate Indonesian LNG import infrastructure
Business & Finance

AG&P inks 20-year deal to operate Indonesian LNG import infrastructure

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A consortium comprising three Indonesia-based companies has secured a large-scale 20-year contract for LNG infrastructure with PLN Energi Primer (PLN EPI) in Indonesia that will serve seven power plants of a total of 1,510 MW capacity. LNG terminals and downstream infrastructure company AG&P LNG, ma

about 2 years ago
Another UK subsea electricity superhighway presses ahead
Business & Finance

Great Britain’s longest-ever subsea connection presses ahead

UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required fo

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

Eni reaffirms commitment to low-carbon energy research as part of agreement with MIT

Eni has extended its tenure as a founding member of the MIT Energy Initiative through 2027 to reinforce its decarbonization efforts.

about 2 years ago
Eni and Ithaca Energy in 'potential transformational combination'
Business & Finance

Eni and Ithaca Energy in ‘potential transformational combination’

North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i

about 2 years ago
Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA
Business & Finance

Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA

German SEFE will become the sole shareholder of gas transmission network WIGA by acquiring the 50.02% shareholding held by Wintershall Dea.

about 2 years ago
Finland-based wave energy technology developer, AW-Energy, has completed the three-year WaveFarm project founded by the European Maritime and Fisheries Fund through the Blue Economy Window.
Business & Finance

AW-Energy finishes three-year WaveFarm project

Finland-based wave energy technology developer, AW-Energy, has completed the three-year WaveFarm project founded by the European Maritime and Fisheries Fund through the Blue Economy Window. According to the company, this initiative is a step forward for the WaveRoller wave energy converter, showing

about 2 years ago
Equinor gives out more work to Ocean Installer
Business & Finance

Equinor gives out more work to Ocean Installer

Norway’s Ocean Installer has secured a new subsea line modification (SLM) project award from compatriot energy giant Equinor, with execution scheduled for fall. The scope of work on Åsgard A in the Norwegian Sea covers the recovery of two risers, the installation of one new riser and flexible jumper

about 2 years ago
Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’
Business & Finance

Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’

Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.

about 2 years ago
Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack
Business & Finance

Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack

Norwegian state-owned energy giant Equinor and compatriot oil and gas operator DNO have completed an appraisal well and sidetrack said to further delineate the 2023 Heisenberg oil and gas discovery in the Norwegian North Sea. Heisenberg, a new shallow play located in license PL827SB in the northern

about 2 years ago
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Business & Finance

Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain

Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.

about 2 years ago
Yinson hires Blue Water Shipping for transport of FPSO modules
Business & Finance

Yinson hires Blue Water Shipping for transport of FPSO modules

Owner and operator of floating storage, production and offloading vessels (FPSO) Yinson Production has awarded Blue Water Shipping with a contract for the transport of modules for an FPSO destined for a project offshore Angola. Under the logistics contract, Blue Water’s Floating Productions Systems

about 2 years ago
Illustration; Source: Hanwha Ocean
Business & Finance

South Korean shipbuilder wins $1.8 billion contract for 8 LNG vessels

Korean shipbuilding major Hanwha Ocean has received a construction order for eight LNG vessels from an undisclosed shipowner.

about 2 years ago
EU ETS
Business & Finance

Shipping giants reaping high profits from EU ETS, study shows

Shipping giants are profiteering from the EU Emissions Trading System (EU ETS), the world’s first and largest emissions cap-and-trade system, a new Transport & Environment (T&E) study reveals.

about 2 years ago