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Business & Finance

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Valaris DS-7 drillship; Source: Valaris
Business & Finance

Valaris to reactivate stacked drillship for new gig off West Africa

Valaris has secured a new long-term contract with an undisclosed company for one of its drillships, which is stacked in Spain.

about 3 years ago
Illustration; Source: ADNOC
Business & Finance

ADNOC’s decarbonisation journey picks up speed with new net-zero target

UAE’s ADNOC has decided to step up its decarbonisation efforts by accelerating its net-zero ambition to 2045.

about 3 years ago
Fugro performs another fully remote survey for TAQA
Business & Finance

Fugro performs another fully remote survey for TAQA

Fugro has completed another fully remote offshore survey inspection in the North Sea for the oil and gas operator TAQA Group. Fugro completed its first fully remote offshore integrity inspections campaign in the North Sea for TAQA Netherlands at the beginning of the year using the Fugro Orca Blue Es

about 3 years ago
Hanwha Ocean bags new LNG carrier order worth $260 million
Business & Finance

Hanwha Ocean bags new LNG carrier order worth $260 million

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has secured an order for the construction of one LNG carrier. The shipbuilding contract worth 332,2 billion won (around $260 million) was revealed in Hanwha Ocean’s stock exchange filing on 31

about 3 years ago
HD Hyundai Mipo
Business & Finance

Svanehøj sees growing number of LPG tankers adding ammonia to cargo list

Amidst a shifting landscape in the quest for carbon neutrality, shipowners worldwide are now gearing up to embrace the anticipated demand growth for ammonia, with multiple tankers slated to incorporate ammonia in their cargo list. Svanehøj, a Danish-based pump manufacturer, has witnessed a remarkabl

about 3 years ago
FPSO Montara Venture; Source: Jadestone Energy
Business & Finance

Australian FPSO goes offline once again

Jadestone Energy has temporarily shut in production from an FPSO vessel operating at a field in the Timor Sea offshore Australia.

about 3 years ago
Provaris: 2.8 GW green hydrogen project on Tiwi Islands advances
Business & Finance

Provaris: 2.8 GW green hydrogen project on Tiwi Islands advances

Australian Provaris Energy has informed that it continues to make progress on its Tiwi H2 green hydrogen export project on the Tiwi Islands, Northern Australia through its early works program initiated in late 2022 that covers detailed engineering, permitting and land and project agreements. It stat

about 3 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

Viking and Acorn picked as two new clusters to expand UK’s carbon capture and storage industry

The UK government has selected two carbon capture and storage (CCS) projects to establish two new clusters through the Track 2 process.

about 3 years ago
The Blue X wave energy device (Courtesy of Mocean Energy)
Business & Finance

Thailand’s energy major joins ‘wave power for subsea equipment’ scheme

Thailand’s state energy company PTTEP has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

about 3 years ago
shipbreaking
Business & Finance

EU expands list of approved ship recycling yards

The European Commission adopted the 11th edition of the European List of ship recycling facilities, which has been updated with three new yards located in Türkiye. The facilities in question are Anadolu Gemi Söküm Orman Ürn. Gida Tur. Nak, San. Ve Tic. A.Ş., BMS Gemi Geri Dönüşüm San Ve Tic. A.Ş. an

about 3 years ago
Spanish firm begins another survey for first UK-Germany energy link
Business & Finance

Spanish firm begins another survey for first UK-Germany energy link

An environmental survey is about to commence on the UK side of an interconnector that will link the UK and Germany for the first time. Spain’s Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilometer

about 3 years ago
Illustration; Source: North Sea Transition Authority
Business & Finance

North Sea gas supports both energy security and net-zero goals, says UK regulator

North Sea Transition Authority’s new analysis shows that domestically produced gas is significantly cleaner than the imported LNG.

about 3 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business & Finance

US offshore rig count moves up a step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States climbed a notch last week.

about 3 years ago
FPSO Liza Destiny operating off Guyana; Source: ExxonMobil
Business & Finance

ExxonMobil and Chevron join European oil majors in posting steep fall in profits

While Chevron and ExxonMobil recorded strong performance in 2Q 2023, this still represents a sharp decrease year-over-year.

about 3 years ago
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