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Business & Finance

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Trinidad gets 'full green light' for joint gas project with Venezuela
Business & Finance

Trinidad gets ‘full green light’ for joint gas project with Venezuela

The United States has issued an amendment to the license granted to the government of Trinidad and Tobago allowing the joint development of an offshore gas project with Venezuela. Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart R. Young reported that the Office of Foreign Asset

about 3 years ago
APM Terminals Suape
Business & Finance

APM Terminals making headway on Brazil’s 100% electrified terminal

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APM Terminals Suape, part of Maersk’s port logistics arm APM Terminals, has received approval from Brazil’s National Waterway Transport Agency to change its cargo profile, enabling the terminal to operate containerized cargo and expand the area to be used by the terminal. APM Terminals Suape will op

about 3 years ago
QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands
Business & Finance

QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands

QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands. Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotter

about 3 years ago
Petrobras breaks production record ahead of 70th birthday
Business & Finance

Petrobras breaks production record for its 70th birthday

Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter. Petrobras also reported that it had reached a monthl

about 3 years ago
High-quality gas reservoir discovered in southern North Sea
Business & Finance

High-quality gas reservoir discovered in southern North Sea

Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020

about 3 years ago
Fugro opens geotechnical testing lab in Taiwan
Business & Finance

Fugro opens geotechnical testing lab in Taiwan

Dutch geo-data specialist Fugro has opened a new geotechnical testing laboratory in Taiwan to cater to the offshore wind market and energy and infrastructure sectors. In 2020, Fugro established the Fugro IOVTEC joint venture with IOVTEC Co., Ltd. to support its business expansion in Taiwan’s offshor

about 3 years ago
UK decommissioning firm sets sight on CCS projects
Business & Finance

UK decommissioning firm sets sight on CCUS projects

UK well decommissioning company Well-Safe Solutions is targeting carbon capture, usage and storage (CCUS) projects with the appointment of the company’s first energy transition manager. Well-Safe announced on 17 October that it is adding CCUS as well as geothermal project capabilities to its offerin

about 3 years ago
Prysmian produces cables for 3 GW submarine link between Middle East and North Africa
Business & Finance

Prysmian produces cables for 3 GW link between Middle East and North Africa

Italian cabling giant Prysmian has completed the manufacturing of cables for the submarine power interconnection between Egypt and Saudi Arabia – the first-ever large-scale link between the Middle East and North Africa. Prysmian secured the contract worth about €221 million with the Egyptian Electri

about 3 years ago
Australia launches $2 billion Hydrogen Headstart program
Business & Finance

Australia launches $2 billion Hydrogen Headstart program

The Australian Renewable Agency (ARENA), on behalf of the Australian government, has opened applications for the $2 billion program that aims to catalyze the country’s hydrogen industry. Following consultation with a broad range of key stakeholders, which involved 114 written submissions and three p

about 3 years ago
Marathon Oil inks LNG sales agreement with UK firm for field offshore Equatorial Guinea
Business & Finance

Marathon Oil and Glencore ink LNG sales agreement in Equatorial Guinea

Houston-based oil and gas company Marathon Oil has entered into an LNG sales agreement with Glencore for the Alba field in Equatorial Guinea, effective from next year. Through its wholly-owned subsidiaries, Marathon Oil entered into a five-year firm LNG sales agreement with Glencore Energy UK for a

about 3 years ago
Petrobras picks Ocyan to revitalize gas pipeline network
Business & Finance

Petrobras picks Ocyan to revitalize gas pipeline network

Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and

about 3 years ago
South Korean company preferred inter-array cable supplier for 532 MW Anma offshore wind farm
Business & Finance

South Korean company preferred inter-array cable supplier for 532 MW Anma offshore wind farm

Taihan Cable and Solution has been selected as the preferred supplier of submarine cables for the Anma offshore wind farm in South Korea. On October 4, 2023, Taihan signed a preferred supplier agreement with Anma Offshore Wind. Under the agreement, the South Korean company is responsible for supplyi

about 3 years ago
Romania approves Maritime Spatial Plan
Business & Finance

Romania approves Maritime Spatial Plan

Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a

about 3 years ago
Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline
Business & Finance

Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline

Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a

about 3 years ago