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Business & Finance

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Johan Castberg quayside at Aker Solutions, Stord; Credit: Øyvind Gravås/Equinor
Business & Finance

Johan Castberg FPSO still on track for first oil next year but cost estimate jumps to $7.4 billion

Equinor has revised the cost estimate for its Johan Castberg project in the Barents Sea due to the rise in cost within the industry.

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

New gas discovery in North Sea seen as ‘exciting’ play opener

Norwegian oil and gas company DNO Norge has made a new gas condensate discovery in the Norwegian sector of the North Sea.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read
Fluxys forms hydrogen partnership with Oman’s OQGN
Business & Finance

Fluxys forms hydrogen partnership with Oman’s OQGN

Belgium’s energy infrastructure company Fluxys has strengthened its partnership with Omani state-owned transmission system operator OQ Gas Networks (OQGN) to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure. Following an invitation to become an anch

about 3 years ago
FPSO Atlanta; Source: Yinson
Business & Finance

Enauta winds down its drilling campaign off Brazil

Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in its drilling programme at a field offshore Brazil.

about 3 years ago
FPSO Abo; Source: BW Offshore
Business & Finance

BW Offshore wraps up much-anticipated sale of Nigerian FPSO

BW Offshore has completed the sale of another floating, production, storage, and offloading (FPSO) vessel, which is working at an oil field offshore Nigeria.

about 3 years ago
European JV to deliver project that aims to 'revolutionize Senegal's power infrastructure'
Business & Finance

European JV to deliver project that aims to revolutionize Senegal’s power infrastructure

A UK-Belgium joint venture has secured a $200 million contract to deliver onshore and offshore works for two links in Senegal as part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. The award is for the Senegal Pow

about 3 years ago
MOPU Ingenium works at Wassana; Source: Valeura Energy
Business & Finance

As drilling adds more hydrocarbons to the table, production restart at Thai oil field comes into view

Valeura Energy has carried out the drilling of two appraisal wells at an oil field in the Gulf of Thailand, which is currently offline.

about 3 years ago
Pilot field development plan; Source: Orcadian Energy
Business & Finance

Potential sale of operatorship and stake in giant undeveloped North Sea discovery underway

Orcadian Energy has set the wheels into motion to sell a big chunk of its interest in a huge undeveloped North Sea field to an undisclosed player on the UK Continental Shelf (UKCS).

about 3 years ago
Triple contract win brings $260 million to DOF
Business & Finance

Triple contract win brings $260 million to DOF

Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment ins

about 3 years ago
Port of Aberdeen wins funding for shore power system
Business & Finance

Port of Aberdeen wins funding for shore power system

Port of Aberdeen has been awarded funding from the UK Government to design and deliver the first large-scale landside and vessel-side shore power system in Scotland.

about 3 years ago
Norwegian firms merging to make 'strong full-service energy data company'
Business & Finance

Norwegian firms merging to make ‘strong full-service energy data company’

Norwegian seismic companies PGS and TGS are merging their businesses to create what they say will be a full-service geophysical data company, pursuing potential in new energy with complementary technology offerings for carbon capture and storage (CCS) and offshore wind. TGS and PGS agreed on the pri

about 3 years ago
KN starts Klaipeda LNG capacity allocation
Business & Finance

KN starts Klaipeda LNG capacity allocation

Lithuanian Klaipeda LNG terminal operator Klaipedos Nafta (KN) has offered the market 9 TWh of the LNG terminal regasification capacities for the period from 2025 to 2032 and from 2033 onwards. The National Energy Regulatory Council approved the updated allocation model at the end of July, and accor

about 3 years ago
DSCI CMES
Business & Finance

CMES pens contract for world’s 1st methanol-fuelled VLCC

Just weeks after making headlines with its ambitious announcement at the end of August, China Merchants Energy Shipping (CMES) has swiftly moved forward with the order of the world’s first methanol dual-fuel Very Large Crude Carrier (VLCC). As previously announced, Dalian Shipbuilding Industry Group

about 3 years ago
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