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Business & Finance

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Perenco
Business & Finance

Fire breaks out at offshore platform leaving five dead and one missing

Based on most recent reports, the fire incident at a platform offshore Gabon has resulted in five deaths while one person is still missing.

about 2 years ago
FPSO Agogo; Source: Azule Energy
Business & Finance

Angola-bound FPSO tucks new construction milestone under its belt – gallery

Azule Energy has welcomed the progress made in the construction of an FPSO, which is destined to operate off the coast of Angola.

about 2 years ago
Irish company gets patent in India for its hydrokinetic turbine
Business & Finance

Irish company gets patent in India for its hydrokinetic turbine

Ireland-headquartered GKinetic Energy has secured a patent in India for its hydrokinetic turbine, representing the tenth patent awarded to the company. GKinetic announced it had a patent granted in India covering its accelerator and water turbine assembly design. Indian Patent No. 508411 is said to

about 2 years ago
Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation
Business & Finance

Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation

SEFE and Oman LNG have finalized a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG.

about 2 years ago
Norwegian state-owned energy giant Equinor has contracted a compatriot provider of subsea solutions for the oil & gas industry, Optime Subsea, to deliver two remotely operated systems (ROCS) at the op
Business & Finance

Equinor contracts Optime Subsea for ROCS deployment at Irpa field

Norwegian state-owned energy giant Equinor has contracted a compatriot provider of subsea solutions for the oil & gas industry, Optime Subsea, to deliver two remotely operated systems (ROCS) at the operator’s Irpa field. Equinor’s latest award follows just three months after the company procured ROC

about 2 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Business & Finance

GMS inks new deal amid stable vessel demand across markets

Gulf Marine Services (GMS) has signed the first of a two phase, multi-year, contract for one of its vessels in the Middle East.

about 2 years ago
GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain
Business & Finance

GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain

Chart Industries and GasLog have teamed up to study the development of a commercial-scale liquid hydrogen (LH2) supply chain.

about 2 years ago
UK's 2 GW subsea electricity superhighway first to progress through Ofgem's fast-track process
Business & Finance

2 GW subsea electricity superhighway first to progress through Ofgem’s fast-track process

UK energy market regulator Ofgem has selected a 2 GW high-voltage direct current (HVDC) subsea cable as the first project to proceed under the new fast-track process and to receive a provisional £2 billion funding package. Eastern Green Link 1 (EGL1) is being developed by National Grid Electricity T

about 2 years ago
Jean Paul Prates, Petrobras' CEO; Source: Petrobras
Business & Finance

Petrobras CEO paints oil & gas industry as ‘fundamental’ piece of energy transition puzzle

The CEO of Brazil’s Petrobras is adamant that oil and gas are an integral part of the energy transition engine.

about 2 years ago
RWE’s plans for green hydrogen production in Teesside gain ground
Business & Finance

RWE’s plans for green hydrogen production in Teesside gain ground

RWE is advancing plans for Teesside green hydrogen plant with the acquisition of a land option at Wilton International.

about 2 years ago
Swedish bearing and seal manufacturing company SKF has taken part in the Board of Ocean Energy Europe, a network of ocean energy professionals, as a Lead Partner
Business & Finance

SKF joins Ocean Energy Europe as lead partner

Swedish bearing and seal manufacturing company SKF has taken part in the Board of Ocean Energy Europe, a network of ocean energy professionals, as a Lead Partner. Michael Baumann, Global Application Account Manager Ocean Energy, will be representing SKF on the board. “OEE is the largest global ne

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

Multi-million trifecta brings more work to UK firm with BP, TotalEnergies, and Centrica

Asco has pulled off a hat trick of new contract extensions, worth over £20 million (nearly $25.6 million), with three energy players.

about 2 years ago
Stena DrillMAX drillship; Source: Stena Drilling
Business & Finance

ExxonMobil strikes oil offshore Guyana with Stena drillship

ExxonMobil has made a new oil discovery at the Stabroek block offshore Guyana, using a drillship owned by Stena Drilling.

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Yinson Production’s FPSO on its way to Brazil – gallery

An FPSO destined to work at an oil field in the Santos Basin, has left a shipyard in Dubai, UAE, and set sail for Brazilian waters.

about 2 years ago
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