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Business & Finance

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Wellhead Fatigue JIP; Source: 2H
Business & Finance

Seven ‘major’ oil & gas players join phase II of JIP assisting with improving wellhead, riser fatigue estimates

Acteon’s subsidiary 2H Offshore has launched the second phase of its measurement-based wellhead fatigue joint industry project (JIP).

about 3 years ago
MoPSW India
Business & Finance

Indian govt to bankroll green shipping as ports embrace hydrogen and green tugs

India Ministry of Ports, Shipping & Waterways (MoPSW) has vowed to provide 30% financial support for the promotion of green shipping. This initiative reflects the government’s dedication to fostering sustainable practices within the shipping industry, which is known for its significant environmental

about 3 years ago
G7 meeting; Source: International Energy Agency (IEA)
Business & Finance

G7 upping the green and low-carbon ante while gas is still king of energy throne

The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.

about 3 years ago
FPSO Armada Kraken; Source: Bumi Armada
Business & Finance

On methane reduction quest, Bumi Armada books drone-based emissions survey for North Sea FPSO

Bumi Armada has hired IKM Testing to undertake a drone-based methane emissions survey on an FPSO, which is working in the North Sea.

about 3 years ago
RWE
Business & Finance

RWE eyes three new carbon capture and storage projects in UK

RWE is planning to progress three new carbon capture projects across the UK, which could capture 11 million tonnes of CO2 per year.

about 3 years ago
Statfjord feltet (for illustration purposes); Credit; Øyvind Hagen/Equinor
Business & Finance

Norway’s monthly oil & gas output goes down a notch in April

Norway saw a slight rise in gas production in April 2023 compared to the NPD’s predictions and the volume seen last year.

about 3 years ago
Juniper platform; Source: BP
Business & Finance

UK player scores new ‘multi-million’ subsea riser order for BP’s gas project

BP has handed out a subsea riser contract for a subsea well development project located offshore Trinidad and Tobago to Aquaterra Energy.

about 3 years ago
PGS goes to Barents Sea with 104-meter long seismic vessel
Business & Finance

PGS goes to Barents Sea with 104-meter-long seismic vessel

Norwegian seismic company PGS has secured a contract with an “independent energy company” to conduct a 3D survey in the Barents Sea. The project, which is about to start, will have a duration of approximately 40 days and will be carried out by the 104-meter-long Titan-class seismic vessel Ramform Hy

about 3 years ago
West Neptune drillship; Source: Seadrill
Business & Finance

Strong start for Seadrill in 2023 with almost fully employed rig fleet

Seadrill has managed to enhance its operational and financial performance in the first quarter of 2023.

about 3 years ago
Ministry of Infrastructure and Water Management.
Business & Finance

Dutch govt earmarks €180 million to advance shore power in seaports

The Dutch Ministry of Infrastructure and Water Management intends to allocate a sum of €140 million towards supporting the implementation of shore power installations within seaports. Additionally, an extra €40 million will be contributed from the climate fund, the ministry said. Shore power, also k

about 3 years ago
Borr Drilling
Business & Finance

Tight jack-up supply fuels Borr Drilling’s hopes of new prospects for its rig fleet

Borr Drilling has recorded strong financial and operational performance during the first quarter of 2023 with a sequential boost in revenue.

about 3 years ago
NGO
Business & Finance

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago
Shell
Business & Finance

Another crack at lawsuit against Shell board on the cards over ‘failing to move away from fossil fuels fast enough’

After the lawsuit against Shell’s board of directors was thrown out of court recently, ClientEarth hopes to turn things around at a hearing.

about 3 years ago
Development of world’s largest carbon-free green hydrogen plant in full swing
Business & Finance

Development of world’s largest carbon-free green hydrogen plant in full swing

NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. The financial close was reached following the signing of financia

about 3 years ago
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