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Business & Finance

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Deepsea Atlantic rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling secures more North Sea work for its rig

Odfjell Drilling has inked two letters of intent with an undisclosed client for one of its rigs to carry out drilling activities in the North Sea.

about 3 years ago
Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)
Business & Finance

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago
China completes first yuan-settled international LNG trade
Business & Finance

China completes first yuan-settled international LNG trade

Chinese oil and gas player CNOOC and French energy giant TotalEnergies have completed China’s first yuan-settled LNG trade through the Chinese energy trading centre Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to SHPGX’s statement from 28 March, TotalEnergies supplied CNOOC with ap

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

Eni creates new venture to enhance pipeline monitoring technology

Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. The establishment of the new venture comes as Eni wishes to enhance the market value of its proprietary technology call

about 3 years ago
Illustration/HydroQuest's tidal turbine being being deployed off France (Courtesy of HydroQuest)
Business & Finance

Ocean energy public financing must create ‘pull’ for investors, new IRENA-OEE report says

A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.

about 3 years ago
Valaris JU-115; Source: Valaris
Business & Finance

Valaris jack-up rig almost ready for its new assignment with Shell

Valaris has revealed that one of its jack-up rigs is in the process of wrapping up preparations in Singapore for its new contract with Shell.

about 3 years ago
Shipping
Business & Finance

Counting the cost of going green: The steep price of switching to e-methanol

The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new

about 3 years ago
Eight CCUS initiatives in the UK proceed to negotiations
Business & Finance

UK: Eight CCUS projects proceed to negotiations for support

The UK Government has selected eight successful bidders in the second phase of the carbon capture, utilization and storage (CCUS) cluster sequencing process to proceed to negotiations for support through relevant business models. Following the selection of HyNet and East Coast Cluster as Track-1 CCU

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

Halliburton to assist Petrobras in stepping up digitalisation and enhancing exploration ops

Brazil’s Petrobras has picked Halliburton’s digital platform to accelerate digital transformation and address subsurface challenges.

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

Fourth well in Black Sea drilling campaign comes online

Trillion Energy has put the fourth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye into production.

about 3 years ago
For illustration purposes; Source: NSTA
Business & Finance

On a mission to boost North Sea production, UK moves to address delays in buying and selling of oil & gas assets

The NSTA has put the wheels into motion to speed up North Sea oil and gas production by proposing the removal of barriers to investment.

about 3 years ago
Trinity Exploration & Production
Business & Finance

With Gulf of Paria well back online, UK firm works on stabilising production rates

UK-headquartered Trinity Exploration & Production plc has brought back on stream a well located in the Gulf of Paria.

about 3 years ago
Canadian project ditches LNG for hydrogen production
Business & Finance

Canadian project ditches LNG for hydrogen production

While several Canadian LNG projects are progressing with environmental permits and construction milestones, a Nova Scotia-registered company has decided to stop advancing an LNG project on the Strait of Canso and proposed constructing and operating a green hydrogen and ammonia facility instead. Bear

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

Third Black Sea well goes on stream with fourth one days away from following suit

Trillion Energy has kicked off production from the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
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