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Business & Finance

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Illustration; Source: API
Business & Finance

US comes up with new emissions fee for oil & gas industry in methane clampdown

The U.S. Environmental Protection Agency (EPA) has set out to curb methane emissions from the oil and gas industry with a new proposed rule.

about 2 years ago
Illustration; Source: Rex International Holding
Business & Finance

Singapore’s Rex picks London-based corporate finance advisor for West African oilfield

Rex has engaged Hannam & Partners (H&P) as its exclusive corporate finance advisor concerning its recently awarded PSC offshore Benin.

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about 2 years ago
Pine Prairie is one of six natural gas storage facilities included in the transaction; Source: Williams
Business & Finance

US player’s natural gas storage arsenal fortified with additional Gulf Coast assets

Williams has enriched its natural gas storage capabilities by putting the finishing touches on an acquisition of six Gulf Coast assets.

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Business & Finance

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
Illustration; Courtesy of Golar
Business & Finance

Interview: LNG greasing the energy transition wheels – Black & Veatch’s take on low-carbon future

Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.

16 minutes read
MAN Karadeniz
Business & Finance

MAN ES to supply 48 dual-fuel engines to Karpowership

Engine powerhouse MAN Energy Solutions has signed a contract with Turkish powership builder and owner Karpowership for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships. The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output

about 2 years ago
Inpex to increase stake in Ichthys LNG project
Business & Finance

Inpex to increase stake in Ichthys LNG project

Japan’s energy company Inpex Corporation is planning to enter into an agreement with Tokyo Gas in relation to the acquisition of the participating interests (1.575%) held by Tokyo Gas in the Ichthys LNG project, through Tokyo Gas Australian project subsidiaries. Through this acquisition, Inpex said

about 2 years ago
Prep begins for Scottish subsea link's converter station construction
Business & Finance

Prep begins for Scottish subsea link’s converter station construction

Enabling work has started in Peterhead for the proposed converter station for the Eastern Green Link 2 (EGL2) subsea electricity superhighway between Scotland and England. The joint venture project between SSEN Transmission and National Grid Electricity Transmission will see around 440 kilometers of

about 2 years ago
Fenix WHP; Source: Rosetti Marino
Business & Finance

Jacket and topside built for TotalEnergies’ gas project on their way to Argentina – gallery

Rosetti Marino has bid goodbye to a new jacket and topside, which embarked on a trip to their final destination to be installed at TotalEnergies’ gas project off the coast of Terra del Fuego in southern Argentina.

about 2 years ago
Fairplayer; Source: Jumbo Offshore
Business & Finance

MODEC picks Dutch contractor for FPSO work on ExxonMobil’s oil development off Guyana

Jumbo Offshore has got a job with Japan’s MODEC for an FPSO, which will work on ExxonMobil’s fifth oil development offshore Guyana.

about 2 years ago
HDKSOE
Business & Finance

HD KSOE won orders for 25 ships since the beginning of 2024 worth over $2.15 billion

HD Korea Shipbuilding & Marine Engineering, the holding entity of HD Hyundai Shipbuilding Division, has kickstarted the year on a high note with a flurry of orders. Namely, since the beginning of the year, the South Korean shipbuilding major has signed construction contracts for a total of 25 ships

about 2 years ago
Italian TSO puts submarine drone for seabed surveys to test
Business & Finance

Italian TSO puts submarine drone for seabed surveys to test

Italian transmission system operator (TSO) Terna has launched a project in cooperation with U.S. startup Terradepth focused on testing innovative approaches to surveying the seabed for planning environmentally friendly submarine electrical connections. As part of Project Odisseo, the first test was

about 2 years ago
Illustration. Source: Equinor
Business & Finance

With ‘high’ oil & gas activity in 2023, more exploration in frontier areas on Norway‘s wish list

Out of the 34 exploration wells spudded on the NCS last year 23 were wildcat wells, which resulted in 14 discoveries.

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

Green light for drilling ops that may bring more gas to Denmark’s largest natural gas hub

A FID has been taken to drill a well in the Harald East area, enabling any discovered gas to be exported through the Tyra facilities.

about 2 years ago