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Business & Finance

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Fossil EnergyOil & GasAuthorities & GovernmentBusiness Developments & ProjectsProject & TendersRegulation & PolicyRules & RegulationVesselsFPSO & VesselsExploration & ProductionClean FuelLNGCarbon Capture Usage & StorageEnvironmentMarket OutlooksOutlook & StrategyTransitionFloating SolarMarine EnergyCollaborationEquipmentTechnologyAmmoniaGreen MarineHydrogenResearch & DevelopmentSubseaSurveys & InterventionsInfrastructureRigs
Island Constructor vessel; Source: Island Offshore
Business & Finance

Shell all-set to use well intervention vessel at two North Sea fields

Shell has received consent from the Norwegian regulator to use one of Island Offshore’s mobile offshore units (MOU) on two fields off Norway.

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

First of three new wells kicks off production after being tied to Brazilian FPSO

Enauta has started production from the first well in its three-well drilling campaign at a field offshore Brazil.

about 3 years ago
Shell and Mexico Pacific sign 20-year LNG sale and purchase agreement
Business & Finance

Shell and Mexico Pacific sign 20-year LNG sale and purchase agreement

Energy major Shell Eastern Trading (Shell) and a subsidiary of Mexico Pacific have signed a 20-year sales and purchase agreement for Shell to offtake approximately 1.1 million tonnes per year (MTPA) of liquefied natural gas (LNG) from the third train of Mexico Pacific’s anchor LNG export facility, S

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

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago
ConocoPhillips zeroes in on becoming APLNG upstream operator
Business & Finance

ConocoPhillips zeroes in on becoming APLNG upstream operator

US energy giant ConocoPhillips, through its Australian subsidiary, has revealed plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. ConocoPhillips announced its plans on 27 March stating it has agreed to purchase up to an

about 3 years ago
The Veredas Sol e Lares floating solar plant in Brazil (Courtesy of Creral)
Business & Finance

Largest floating solar plant in Brazil comes online

A consortium consisting of Brazil’s regional energy cooperative Creral and local engineering company Mil Engenharia have put into operation a 1.2MWp floating solar plant, said to be the largest of its kind in the country.

about 3 years ago
Hyundai Glovis and GS Energy shake hands on ammonia and hydrogen projects
Business & Finance

Hyundai Glovis and GS Energy shake hands on ammonia and hydrogen projects

Hyundai Glovis, the logistics arm of South Korea’s Hyundai Group, and compatriot energy company GS Energy have agreed to cooperate in eco-friendly business areas, including clean ammonia and hydrogen. To this end, the parties signed a memorandum of understanding (MoU) on 27 March. Under the MoU, Hyu

about 3 years ago
Equinor picks Aker Solutions for Norwegian Sea tie-back job
Business & Finance

Aker Solutions wins contract for Norwegian Sea tie-back job

Norway’s energy giant Equinor has awarded compatriot oilfield services provider Aker Solutions with a contract to tie back two gas fields in the Norwegian Sea to the Åsgard B platform. The contract comprises engineering, procurement, construction, installation and commissioning (EPCIC) and implies t

about 3 years ago
UK firm lends a hand to DOF Subsea offshore Gabon
Business & Finance

UK firm lends a hand to DOF Subsea offshore Gabon

UK’s Maritime Developments Ltd (MDL) has supported DOF Subsea on a field redevelopment project offshore Gabon, which included the replacement of an FPSO with an FSO. MDL delivered a flex-lay spread, consisting of a horizontal lay system (HLS) with the TTS-4/140 Series tensioner, and a Generation 3 R

about 3 years ago
Denmark and Germany ally on hydrogen and energy systems integration
Business & Finance

Denmark and Germany ally on hydrogen and energy systems integration

Denmark and Germany have signed a cooperation agreement on green hydrogen and the integration of the two countries’ energy systems. According to Denmark’s Ministry of Climate, Energy, and Supply, the declaration is to facilitate an ongoing dialogue between Denmark and Germany and relevant actors abo

about 3 years ago
CDB Leasing buying two GasLog LNG carriers for up to $284 million
Business & Finance

CDB Leasing buying two GasLog LNG carriers for up to $284 million

Chinese leasing company China Development Bank Financial Leasing (CDB Leasing) has entered into agreements with units of GasLog and GasLog Partners to purchase two LNG carriers. According to CDB Leasing’s stock exchange filing, the company entered into vessel purchase agreements with Gas-five, an en

about 3 years ago
The Valaris 8503 rig was used for Zama appraisal. Source: Talos Energy
Business & Finance

Pemex hands over development plan for giant oil field off Mexico

Pemex has submitted a unit development plan (UDP) for an oil field offshore Mexico to the National Hydrocarbons Commission.

about 3 years ago
Yggdrasil; Source: Aker BP
Business & Finance

ABL Group to act as marine warranty surveyor for multiple oil & gas developments off Norway

ABL Group has been appointed as a marine warranty surveyor for the transportation and installation operations on several Aker BP-operated offshore field developments located on the Norwegian Continental Shelf (NCS).

about 3 years ago
West Capella drillship (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count continues its upward trajectory

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States kept its forward momentum by adding one unit last week.

about 3 years ago
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