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Business & Finance

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Baker Hughes to deliver equipment for Petronas' large CCS project in Malaysia
Business & Finance

Baker Hughes to deliver equipment for Petronas’ large CCS project

Baker Hughes has secured a contract to supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia, said to be one of the world’s largest projects of its type. Under the contract signed with Malaysia Marine and

about 3 years ago
TotalEnergies finds ‘signs of hydrocarbons’ in North Sea well
Business & Finance

TotalEnergies finds ‘signs of hydrocarbons’ in North Sea well

TotalEnergies has confirmed the presence of hydrocarbons in an appraisal well in the Central North Sea of the UK Continental Shelf (UKCS).

about 3 years ago
The deployment of Crestwing's Tordenskiold wave energy prototype (Courtesy of Crestwing)
Business & Finance

Danish renewable energy company welcomes new year on the crest of a wave

Danish company Crestwing has entered the new year with significant funding support secured from both government and private entities that will be used to further advance its wave energy technology and bring it to market-ready stage.

about 3 years ago
Is divorce from gas imminent, as the emerging love affair with hydrogen stakes its claim?
Business & Finance

How likely is the divorce from gas, as the emerging love affair with hydrogen stakes its claim?

Calls for replacing natural gas with hydrogen are gaining ground, but many still see gas as a major player in propelling the energy transition.

11 minutes read
Energy outlook: Oil making a comeback in 2023, says WoodMac
Business & Finance

Energy outlook: Oil making a comeback in 2023, says WoodMac

With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.

about 3 years ago
Carbon Transition and repeat customer sign $2.5 million seismic data licensing contract
Business & Finance

Carbon Transition and repeat customer sign $2.5 million seismic data licensing contract

Carbon Transition has entered into a new $2.5 million multi-client seismic data licensing contract with an existing customer for the Utsira multi-client survey in Norway. Under the contract, the customer, whose name has not been disclosed, will license Carbon Transition’s Utsira multi-client survey.

about 3 years ago
2022 in review: Incidents related to offshore oil & gas
Business & Finance

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago
Gallery: UK port ends 2022 on a high note with some of the world’s largest rigs among its current projects
Business & Finance

Gallery: UK port ends 2022 on a high note with some of the world’s largest rigs among current projects

Due to several ongoing projects, the UK’s Kishorn port (KPL) is currently playing host to giant semi-submersible and jack-up drilling rigs.

about 3 years ago
FPSO gets more time with Eni off Nigeria
Business & Finance

FPSO gets more time with Eni off Nigeria

BW Offshore has secured a short-term contract extension with Eni for one of its FPSOs for operations offshore Nigeria.

about 3 years ago
Gas investments worth $245 billion across Africa in risk of becoming stranded assets
Business & Finance

Gas investments worth $245 billion across Africa in risk of becoming stranded assets

Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.

about 3 years ago
Future of oil & gas industry hinges on cutting down emissions
Business & Finance

Future of oil & gas industry hinges on cutting down emissions

As the future of the fossil fuels industry depends on its ability to manage its GHG footprint, what’s the best way to tackle these emissions?

12 minutes read
What will the new year bring to the oil & gas industry?
Business & Finance

What will the new year bring to the oil & gas industry?

While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.

about 3 years ago
'Large' multi-client survey to keep PGS busy well into 2024
Business & Finance

‘Large’ multi-client survey to keep PGS busy well into 2024

Norway’s seismic company PGS has secured industry pre-funding for what it describes is a “large” MultiClient survey in the Norwegian Sea. The survey will be acquired by a Ramform Titan-class vessel over two seasons, with mobilization for the first season expected in the second quarter of 2023. Accor

about 3 years ago
Breathing new life into oil rigs
Business & Finance

Breathing new life into oil rigs

While the oil & gas infrastructure needs to be retired at the end of service life, does this have to be the end for these giant beasts?

about 3 years ago
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