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Business & Finance

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Uranus rig; Source: Trillion Energy
Business & Finance

‘Abundance’ of gas pay at Black Sea well exceeds expectations

Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade

Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.

about 3 years ago
FET launches next-generation subsea survey software
Business & Finance

FET launches next-generation subsea survey software

Houston-headquartered Forum Energy Technologies (FET) has released its latest generation of video recording solutions for the survey and inspection of subsea assets. Like its predecessors, version 11 (V11) of VisualDVR is a multi-channel, rack-mountable digital video system designed for use on remot

about 3 years ago
Euronav
Business & Finance

Euronav says ousting of entire Supervisory Board not a good idea

Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

Keppel O&M on track to deliver FPSO for ExxonMobil’s third project off Guyana

With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.

about 3 years ago
Anegasaki thermal power station new unit 1 starts commercial operation
Business & Finance

Anegasaki thermal power station new unit 1 starts commercial operation

Japan’s Anegasaki thermal power station new unit 1, which energy company JERA Co. has been replacing through its subsidiary JERA Power Anegasaki G.K., has begun commercial operation. Thermal power station new unit 1 is an LNG-fired power station that uses a gas turbine combined-cycle power generatio

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business & Finance

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago
Lukoil hits production milestone in Caspian Sea
Business & Finance

Lukoil hits production milestone in Caspian Sea

Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi

about 3 years ago
US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants
Business & Finance

US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants

The Port of Corpus Christi has been allocated $16.4 million through the US Department of Energy’s (DOE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operati

about 3 years ago
Vela drillship (former West Vela); Source: Diamond Offshore
Business & Finance

Diamond Offshore-managed drillship kicks off its new gig in Gulf of Mexico

Diamond Offshore has revealed that a drillship – managed on behalf of Aquadrill – has started its new assignment in the U.S. Gulf of Mexico.

about 3 years ago
OEUK calls for more action to help accelerate shift to low carbon energy
Business & Finance

OEUK calls for more action to help accelerate shift to low carbon energy

Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover

about 3 years ago
Bay du Nord FPSO; Source: Sea Salt Design
Business & Finance

Controversial Bay du Nord oil project saga continues with court challenge

Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.

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

2022 brings bumper profits for U.S. oil majors Chevron and ExxonMobil

U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.

about 3 years ago
TC Energy ‘disappointed’ as Coastal GasLink faces increased construction costs
Business & Finance

TC Energy ‘disappointed’ as Coastal GasLink faces increased construction costs

North America’s energy infrastructure company TC Energy has updated cost estimates for the Coastal GasLink project, a pipeline that is expected to transport natural gas to the approved LNG Canada facility near Kitimat, British Colombia, Canada. TC Energy said in the update that the project continues

about 3 years ago
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