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Business & Finance

More work for Weatherford with Petrobras

U.S. oilfield services company Weatherford International has secured a multi-year contract to deliver drill pipe riser (DPR) intervention services to Brazilian state-owned oil and gas giant Petrobras. Weatherford announced it had been awarded a five-year contract with Petrobras in Brazil, after a co

about 2 years ago

Greater Laggan Area; Source: TotalEnergies

Business & Finance

No restart date in sight as probe into steam incident at TotalEnergies’ UK gas plant goes on

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TotalEnergies has shut down production at an onshore gas plant that takes in gas from offshore fields, which are part of the West of Shetland project.

about 2 years ago

Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28

Business & Finance

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read

Business & Finance

Maersk invests in Blue World, orders methanol fuel cell pilot system

Maersk Growth, the venture arm of A.P. Moller – Maersk, invested 11 million EUR in Blue World Technologies’ pre-C-round alongside the Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. The financing round was announced during COP28 in Dubai where Blue

about 2 years ago

Business & Finance

TotalEnergies, Petrobras, SOCAR, and Sonangol join forces to curb methane footprint

TotalEnergies has inked cooperation agreements with three oil and gas companies to carry out methane detection and measurement campaigns.

about 2 years ago

Business & Finance

DNV names head of CCUS unit

DNV has appointed the head of its Carbon Capture, Utilization, and Storage (CCUS) unit as a response to the technology’s growth. DNV announced on December 6 the appointment of Jamie Burrows as head of its Energy Systems business area’s CCUS unit – a move that underscores DNV’s commitment to CCUS as

about 2 years ago

Transocean Enabler rig; Credit: Jan Arne Wold/Equinor

Business & Finance

Vår Energi preparing to spud wildcat with Transocean rig

Vår Energi has secured a drilling permit to spud a wildcat well in the Barents Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago

Business & Finance

New green hydrogen project to expand ACWA Power’s portfolio in Indonesia

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider, and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer, are set to devel

about 2 years ago

Well-Safe Guardian; Source: Repsol Sinopec

Business & Finance

WATCH: Well-Safe Solutions rig wraps up first saturation dives in firm’s history while working on North Sea decom gig

Well-Safe Solutions has tucked under its belt a new achievement, thanks to one of its rigs, which has set a seal on the first saturation dives in the company’s history.

about 2 years ago

Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)

Business & Finance

Orbital Marine to take its shot at Canada’s tidal stream opportunity

Scottish company Orbital Marine Power has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE).

about 2 years ago

Business & Finance

New hydrocarbon discoveries in 2023 bring Malaysia more than 1 billion boe

Malaysia recorded 19 exploration discoveries and two exploration-appraisal successes in 2023, contributing over 1 billion boe of new resources.

about 2 years ago

Business & Finance

AET gets shipping’s first sustainability-linked Islamic RCF in South Asia

Maybank Singapore has extended a $100 million sustainability-linked Islamic revolving credit facility (RCF-i) to AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad.

about 2 years ago

ROV destined for DEME's new vessel passes factory acceptance tests

Business & Finance

ROV for DEME’s new vessel passes factory acceptance tests

Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal

about 2 years ago

Business & Finance

Pacific Basin closes sustainability-linked loan

Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk shipping, has concluded its $150 million sustainability-linked 3-year senior unsecured committed revolving credit facility. This signifies Pacific Basin’s first foray into sustainability-linked loan facilities, the company said, a

about 2 years ago