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Business & Finance

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Shell hires Stena drillship for drilling campaign in Mediterranean
Business & Finance

Shell hires Stena drillship for Mediterranean drilling campaign

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiaries for operations offshore Egypt.

about 3 years ago
While oil & gas will stay America’s darlings for decades to come, low-carbon energy is industry’s paradigm
Business & Finance

Oil & gas to stay America’s darlings for decades to come with low-carbon shift as industry’s paradigm

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A new three-part plan to unleash American energy confirms the reign of oil and gas is far from over, but the shift to low-carbon is the industry’s paradigm.

about 3 years ago
All set for 90 MW floating solar project in India
Business & Finance

All set for 90 MW floating solar project in India

Indian firm Larsen & Toubro has secured a contract for the engineering, procurement and construction (EPC) works for SJVN’s 90 MW floating solar project in India.

about 3 years ago
Excelerate Energy’s FSRU Exemplar heads out to serve Finland
Business & Finance

Gasgrid Finland’s LNG floating terminal is fully up and running

With the integration of the LNG floating storage and regasification unit (FSRU) Exemplar into Gasgrid Finland’s gas transmission network, Finland’s first FSRU-based terminal, located in the deep harbour at Inkoo, is now fully ready for use. Esa Hallivuori, Senior Vice President of Transmission Busin

about 3 years ago
Magseis Fairfield delists from Oslo Stock Exchange
Business & Finance

Magseis Fairfield delists from Oslo Stock Exchange

Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When

about 3 years ago
Grimaldi
Business & Finance

Grimaldi adds five more ammonia-ready car carriers to orderbook in China

Neapolitan shipping company Grimaldi Lines has ordered five additional ammonia-ready car carriers in China. The order went to Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), two subsidiaries of China State Shipbuilding Corporation Limited

about 3 years ago
US, Canada, and Mexico to boost clean hydrogen market in North America
Business & Finance

US, Canada, and Mexico to boost clean hydrogen market in North America

The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions re

about 3 years ago
Enagás buys stake in UK-Netherlands subsea gas pipeline operator
Business & Finance

Enagás buys stake in UK-Netherlands subsea gas pipeline operator

Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contri

about 3 years ago
As 16-year deal comes to an end, Yinson sells FPSO operating off Nigeria
Business & Finance

As 16-year deal comes to an end, Yinson sells FPSO operating off Nigeria

Following the completion of a 16-year contract, Malaysia’s Yinson has wrapped up the sale of an FPSO deployed off Nigeria.

about 3 years ago
Tower Resources to fund work program commitments with new institutional placing
Business & Finance

Tower Resources to fund work program commitments with new institutional placing

Africa-focused energy company Tower Resources has completed an institutional placing of up to $6 million from which proceeds will be used to fund work program commitments for the company’s licenses in Cameroon, Namibia and South Africa. Tower Resources completed an institutional placing to Energy Ex

about 3 years ago
N-Sea Subsea Cables adds more equipment to its inventory
Business & Finance

N-Sea Subsea Cables adds more equipment to its inventory

N-Sea Subsea Cables has purchased new strategic modular subsea cable installation equipment in order to respond to the growing demand in the market.

about 3 years ago
U.S. sees an upturn in offshore rig count activity
Business & Finance

U.S. sees an upturn in offshore rig count activity

The U.S. stepped up its game last week and recorded an increase in the number of offshore rigs to 19, based on Baker Hughes’ weekly rig count report.

about 3 years ago
SOCAR and Masdar sign joint development agreements on offshore wind and green hydrogen, onshore wind and solar photovoltaic
Business & Finance

SOCAR and Masdar to jointly develop 2 GW of offshore wind & green hydrogen projects in Azerbaijan

The State Oil Company of the Republic of Azerbaijan (SOCAR) and the United Arab Emirates’ Masdar have entered into a partnership on offshore wind and green hydrogen projects in Azerbaijan. Under a joint development agreement, signed in Abu Dhabi on 15 January within the framework of Azerbaijan’s Pre

about 3 years ago
Illustration; Ammonia-ready
Business & Finance

Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago