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Business & Finance

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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
N-Sea strengthens subsea activities with 60-meter-long vessel
Business & Finance

N-Sea strengthens subsea activities with 60-meter-long vessel

Netherlands-headquartered N-Sea is strengthening its fleet and subsea activities with a 2012-built offshore support vessel. N-Sea Group entered into an agreement with Rederij Groen to long-term charter the Dutch-flagged vessel 4-WINDS. The company said that with the long-term charter, it was strengt

about 2 years ago
FPSO Okha; Source: Woodside
Business & Finance

Jadestone expands its stake in Australian offshore oil-producing fields

Jadestone Energy has set the wheels into motion to get additional interest in a project, encompassing oil-producing fields off Australia.

about 2 years ago
CNOOC
Business & Finance

Chinese giant brings on stream ‘first condensate gas field’ in Bohai Sea

CNOOC Limited has kicked off production from a condensate gas field Phase I development project in the Bohai Sea offshore China.

about 2 years ago
Ocean BlackRhino drillship; Source: Icon Engineering
Business & Finance

Diamond Offshore drillship booked for another African gig

Diamond Offshore has secured a new contract for one of its drillships in Africa, which is related to work offshore Guinea-Bissau.

about 2 years ago
Avenir LNG to welcome Avenir Achievement LNG bunkering vessel
Business & Finance

Avenir LNG’s CEO steps down

UK-based small-scale LNG company Avenir LNG has informed that its chief executive officer, Peter Mackey, will be stepping down from his position. On November 13, Avenir LNG revealed this management change, explaining that Mackey will remain with the company until the end of the first quarter of 2024

about 2 years ago
FPSO Pazflor; Source: TotalEnergies
Business & Finance

Ocean Installer and Petro win FPSO work with TotalEnergies off Angola

Petro Services and its main subcontractor Ocean Installer have secured a contract with TotalEnergies for work on an FPSO in Angola.

about 2 years ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Business & Finance

After OTEC and tidal, Shell sets sights on wave energy as well

Danish wave energy company Wavepiston has partnered up with Shell Technology – Marine Renewable Program to identify opportunities and potential avenues for collaboration on ocean energy developments.

about 2 years ago
Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment
Business & Finance

Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment

After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. On November 13, CPLP said it had entered into an umbrella agreement with

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

COP28: Sketching decarbonization roadmap with phase-out of fossil fuels as the centerpiece to get global net-zero efforts on track

COP28 is seen as a beacon of hope to devise a transformational roadmap in a bid to get the global energy transition undertaking on track.

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business & Finance

Is the EU ready to take decisive steps towards slashing its methane footprint from imports?

The EU’s decision-makers are preparing to weigh in on whether to include a performance standard for methane emissions from imports.

about 2 years ago
Beach Energy
Business & Finance

More gas wells in the offing, as Beach Energy seeks green light for seabed surveys off Australia

Beach Energy has submitted an environment plan for geophysical and geotechnical seabed surveys off the coast of Australia.

about 2 years ago
Dr. Sultan Al Jaber, COP28 President
Business & Finance

Will COP28 live up to the hype and establish an energy transition roadmap leaving no one behind?

The UAE plans to spearhead efforts at COP28 for a clear roadmap to step up net zero progress through “a pragmatic global energy transition.”

about 2 years ago
Cummins, partners get financial boost for methanol retrofit kit project
Business & Finance

Cummins, partners get financial boost for methanol retrofit kit project

US-based tech provider Cummins has received £4.4 million (about $5.36 million) for its methanol retrofit kit as part of the Zero Emission Vessels and Infrastructure (ZEVI) competition funded by the UK Government.

about 2 years ago
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