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Business & Finance

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Petronas' President and Group CEO, Tan Sri Tengku Muhammad Taufik (right) and PetroVietnam President and CEO, Dr Le Manh Hung (left) at the memorandum of cooperation signing ceremony in Hanoi; Source:
Business & Finance

Petronas and PetroVietnam pursuing oil & gas alongside decarbonization and clean energy

Petronas will pool resources with PetroVietnam to explore opportunities in the upstream, renewables, and downstream sectors in Vietnam.

about 2 years ago
China's largest submarine cable construction ship launches
Business & Finance

China’s largest submarine cable construction ship launches

State Grid Corporation of China has launched what – with a cable-carrying capacity of 10,000 tons and a displacement of 24,000 tons – is said to be China’s largest submarine cable construction ship. Qifan-19, developed independently by State Grid Corporation of China for Guojiao No.1 Brand, was laun

about 2 years ago
Depsea Yantai rig; Source: Neptune Energy
Business & Finance

Neptune gearing up to spud North Sea wildcat with Odfjell Drilling-managed rig

Neptune Energy has secured a drilling permit from the Norwegian authorities for an exploration well in the North Sea off Norway.

about 2 years ago
SD Grace; Source: Kotug
Business & Finance

Three more Kotug vessels come to Guyana for work with ExxonMobil

Kotug has welcomed the arrival of three additional vessels in Guyana, which will support ExxonMobil’s offshore operations.

about 2 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

ExxonMobil flows oil from third project offshore Guyana as FPSO comes online ahead of schedule

ExxonMobil has started production from its third oil development at the Stabroek block offshore Guyana, boosting total production capacity in the country to approximately 620,000 barrels per day.

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

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago
Gasunie to use green method of financing for energy transition projects
Business & Finance

Gasunie to use green method of financing for energy transition projects

Dutch energy company Gasunie has issued its first green bond, a loan for €300 million with a maturity of 9.5 years, intending to use the proceeds to finance part of its energy transition projects, such as the construction of the national hydrogen grid in the Netherlands. Gasunie revealed the company

about 2 years ago
Fugro updates 2027 strategy, plans to expand into CCUS
Business & Finance

Fugro updates 2027 strategy, plans expansion into CCUS

Fugro is planning to expand into the carbon capture utilization and storage (CCUS) segment as part of its strategy towards 2027. Fugro has updated its strategic agenda with three priorities, including growing and transforming current business, expanding into developing segments, and increasing recur

about 2 years ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business & Finance

US DOE launches $1.7M competition to power offshore economy with marine energy

The U.S. Department of Energy (DOE) has launched the Powering the Blue Economy: Power at Sea Prize, which will award up to $1.7 million to competitors to advance technologies that use marine energy to power ocean-based activities.

about 2 years ago
AHT Sentosa; Source: Seacontractors
Business & Finance

Two Boskalis vessels join Seacontractors fleet

The Netherlands-headquartered maritime service provider Seacontractors has expanded its fleet with the acquisition of two Boskalis’ anchor handling tugs (AHTs).

about 2 years ago
GKinetic's hydrokinetic turbine (Courtesy of GKinetic Energy)
Business & Finance

GKinetic Energy appoints former GE Hydro executive to its board

Irish hydrokinetic turbine developer GKinetic Energy has appointed Fergus Brady to its board as projects and partnerships development advisor.

about 2 years ago
Wintershall Dea enters second UK carbon capture and storage project
Business & Finance

Wintershall Dea enters second UK carbon capture and storage project

Carbon Catalyst has completed the farmout of a 10% interest in a carbon capture and storage (CCS) project in the UK North Sea to Wintershall Dea. Carbon Catalyst reported on November 14 that it had completed the farmout of a 10% working interest in the Poseidon carbon storage license located in the

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian FPSO comes back online once again

Enauta has restarted production from a floating, production, storage, and offloading (FPSO) vessel, working on a field off Brazil.

about 2 years ago
Santos
Business & Finance

Australian oil & gas giant and Korean player join forces to decarbonize Asia with carbon capture and storage

Santos and SK E&S will pool resources on cross-border carbon capture and storage (CCS) solutions to assist Asia in lowering its carbon footprint.

about 2 years ago
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