Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20
Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBI
Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.
China’s shipping heavyweights COSCO Shipping Corporation Limited and COSCO Shipping Development have spearheaded the establishment of the China Electric Ship Innovation Alliance. The founding members represent over 80 companies from various industries including electric-powered propulsion, vessel de
Offshore drilling contractor Valaris has revealed that one of its semi-submersible rigs embarked on a drilling assignment with Italy’s Eni offshore Mexico.
Voyage optimization can reduce emissions by 7.3% and extend CII compliance by up to three years, according to the findings of a study conducted by maritime software and data analysis expert NAPA and classification society ClassNK with Marubeni Corporation. The joint research was carried out using NA
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Norwegian state-owned energy giant Equinor has officially opened the second phase of the Johan Sverdrup field located in the North Sea offshore Norway, following the start of production in December 2022. Norway’s Minister of Petroleum and Energy Terje Aasland made the official opening on 13 February
Saipem has entered into two new credit facilities totalling around €860 million with a pool of leading national and international banks.
South Korean shipping company HMM has signed newbuilding contracts with compatriot Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) for nine 9,000 TEU containerships powered by methanol dual-fuel engines. The company confirmed to our newsdesk that it was looking into
Borr Drilling has secured more work for three premium jack-up rigs, thanks to a new deal and two contract extensions.
Atlantic Shores Offshore Wind, a 50:50 U.S. partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the U.S. that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a
Houston-based oil and gas company Talos Energy has completed the acquisition of EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion. The announcement comes five days after Talos Energy received stockholder approval for the acquisition. With the complet
Japan’s energy company JERA has signed a Memorandum of Understanding (MoU) with the Philippines’ Aboitiz Power Corporation, a subsidiary of a conglomerate group Aboitiz Equity Ventures, to commence a joint study on ammonia co-firing for the decarbonisation of Aboitiz Power’s business. More specifica
