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Business & Finance

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Europe’s cross-border hydrogen network gets a leg up with Dutch and Belgian infrastructure link
Business & Finance

Europe’s cross-border hydrogen network gets a leg up with Dutch and Belgian infrastructure link

Hynetwork, a subsidiary of the Netherlands-based Gasunie, and its Belgian counterpart Fluxys have embarked on a quest for a cross-border hydrogen connection, enabling the Netherlands and Belgium to plug into shared lower-emission power.

about 5 months ago
FPSO Cidade de Campos dos Goytacazes; Source: MODEC
Business & Finance

Petrobras takes back full ownership of Brazilian offshore oil fields

Brazilian state-owned energy giant Petrobras has signed on the dotted line to buy out Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, and secure sole ownership of two assets in the Campos Basin off the coast of Brazil.

about 5 months ago
Illustration; Source: Petronas
Business & Finance

Petronas tasks Petra Energy with work on Malaysian gas project

Petronas Carigali, a subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, has entrusted assignments on its gas project to Petra Resources Sdn. Bhd. (PRSB), a subsidiary of Petra Energy Berhad (PEB).

about 5 months ago
Oxy
Business & Finance

New oil discovery comes to light in Gulf of America

Houston-headquartered energy player Occidental (Oxy) has unveiled a new oil discovery at a prospect in the Gulf of America (U.S. Gulf of Mexico).

about 5 months ago
A man seen from behind looking at the sea
Business & Finance

CB&I all done with acquisition of Petrofac’s Asset Solutions business

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has expanded its service offering with the purchase of Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning

about 5 months ago
Marvel Swallow LNG tanker; Source: Elenger
Business & Finance

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 5 months ago
Beryl Alpha in North Sea; Source: APA
Business & Finance

250 North Sea workers to reap benefits from UK union recognition deal

The offshore workers’ voices on the UK Continental Shelf (UKCS) are set to be amplified as Unite, described as Britain’s largest offshore trade union, has secured a new recognition agreement with Apache, a North Sea operator.

about 5 months ago
EnQuest
Business & Finance

Multimillion-dollar fine for EnQuest over 33 idle wells as UK cracks down on decom inactivity

Great Britain’s regulator, North Sea Transition Authority (NSTA), has hit London Stock Exchange-listed energy player EnQuest with a penalty over decommissioning failures related to 33 inactive wells.

about 5 months ago
Vessel naming ceremony; Source: Exmar
Business & Finance

‘World’s first’ ammonia dual‑fuel vessels get their names as green shipping advances

Belgian shipping company Exmar has unveiled a naming ceremony for two ocean-going ammonia dual fuel midsize gas carriers (MGC), which was held in South Korea.

about 5 months ago
FPSO Energean Power; Source: Energean
Business & Finance

Wheels up for FPSO to come back online in Eastern Mediterranean waters

London-based oil and gas player Energean has received the go-ahead to resume production from a floating production, storage, and offloading (FPSO) vessel, which is working at a field off the coast of Israel.

about 5 months ago
Commonwealth LNG; Source: Technip Energies
Business & Finance

Technip Energies in the clear to work on $12.5B LNG project in Louisiana

French-based engineering player Technip Energies has received clearance to move forward with efforts to breathe life into a liquefied natural gas (LNG) export project under development in Louisiana, United States.

about 5 months ago
BW Opal floating production storage and offloading unit
Business & Finance

Santos eyes restart of Australia’s huge gas project next week

Australian energy player Santos has disclosed a timeline for the resumption of production at its gas project off the coast of Australia’s Northern Territory.

about 5 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Business & Finance

Go-ahead for Aker BP to use accommodation facility at North Sea field

The Norwegian offshore safety regulator has given its blessing to Aker BP to deploy Macro Offshore Management’s mobile living quarters facility at a field in the North Sea off the coast of Norway.

about 5 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business & Finance

Two-week ceasefire deal putting Strait of Hormuz back in business

The U.S. President Donald J. Trump has made a deal with Iran to suspend further attacks for two weeks on the Middle Eastern country in exchange for the reopening of the Strait of Hormuz, which handles 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows.

about 5 months ago
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