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Business & Finance

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Illustration; Source: Shell
Business & Finance

27 shareholders heap more pressure on Shell to take ‘credible’ climate action

Shell is facing additional pressure from 27 investors, who manage more than €3.9 trillion in assets, to pursue decarbonization with more vigor.

about 2 years ago
Hy24 commits to invest €13 million in Hexagon Purus
Business & Finance

Hy24 commits to invest €13 million in Hexagon Purus

Hy24, a clean hydrogen pure-play investment manager, will invest around €13 million into Norwegian hydrogen systems supplier Hexagon Purus. The investment is the first by Hy24’s new Clean Hydrogen Equipment Fund, focused on industrializing the supply chain to scale the clean hydrogen economy. The fu

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about 2 years ago
Stena Carron (drilled one of ExxonMobil's recent discoveries in Guyana); Source: Stena Drilling
Business & Finance

Stena drillship goes to Las Palmas

Stena Drilling has confirmed that one of its drillships is on its way to Las Palmas to start its special period survey (SPS).

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

Odfjell Drilling rig gets its hands on five-year renewal certificate

Odfjell Drilling has confirmed the completion of a five-year main class renewal certificate for one of its semi-submersible drilling rigs.

about 2 years ago
Lithuania’s Klaipeda LNG terminal suspends acceptance of Russian cargoes
Business & Finance

Regasification capacity available at Klaipeda LNG terminal

Lithuanian Klaipeda LNG terminal operator KN Energies, formerly Klaipedos Nafta, has announced that there is available unused LNG terminal capacity for booking. The company said that, having received a request from one of the terminal users regarding the planned non-utilization of LNG terminal capac

about 2 years ago
Trafigura seals long-term LNG deal with Canada’s largest natural gas producer
Business & Finance

Trafigura seals long-term LNG deal with Canada’s largest natural gas producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement. Tourmaline said it increased its exposure to JKM by entering into a netback agreement with Trafigura ba

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

PTTEP signs on the dotted line to take part in carbon capture and storage study

PTTEP has inked an agreement to participate in a study on the carbon storage potential in the Northern Gulf of Thailand.

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Vår Energi getting ready to spud North Sea wildcat

Vår Energi has secured a drilling permit to drill a wildcat well in the North Sea, using one of the Odfjell Drilling-managed semi-sub rigs.

about 2 years ago
Floating solar market will be as big as the onshore solar sector, says Oceans of Energy CEO
Business & Finance

Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO

The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]

about 2 years ago
VARD to build NKT's new cable-laying vessel
Business & Finance

VARD to build NKT’s new cable-laying vessel

Denmark-based power cable manufacturer and installation company NKT has placed an order with Norway’s VARD for the construction of its new cable-laying vessel (CLV). In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage fact

about 2 years ago
Barossa concept; Source: Santos
Business & Finance

Victor emerges in court battle over development of giant gas project off Australia

Santos has won a court case, which enables it to continue with its planned work on the Barossa gas field development project offshore Australia.

about 2 years ago
N-Sea charters fuel-efficient vessel in move to strengthen its subsea offering
Business & Finance

N-Sea charters fuel-efficient vessel in move to strengthen subsea offering

The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w

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

Saipem hit with two-year suspension of public contracting activity in Brazil

Saipem is facing restrictions on new contracts in Brazil due to being banned from making new deals with the country’s public administration over the next couple of years.

about 2 years ago
Oxy
Business & Finance

With FID out of the way, first oil from Gulf of Mexico project anticipated next quarter

Beacon Offshore Energy has confirmed a final investment decision (FID) for the development of an oil discovery in the U.S. Gulf of Mexico.

about 2 years ago