Business & Finance
K Line earmarks $740 million for environmental initiatives
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
First for Lloyd’s Register as it certifies an uncrewed surface vessel
Lloyd’s Register has awarded its first certification for an uncrewed surface vessel (USV) to the DriX maritime surface drone. The DriX USV, developed by iXblue and ECA Group under the new joint brand called Exail, has already received Bureau Veritas Approval in Principle (AiP). The new certification
Trafigura signs $3 billion loan to supply ‘substantial volumes’ of gas to Germany’s SEFE
Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban
Hydrocarbons present in HPHT well, but not the result North Sea operator ‘had hoped for’
Serica Energy has found hydrocarbons in an exploration well in the North Sea off the UK, but the commercial quantity is yet to be determined.
CMES adding two LNG carriers at DSIC
China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve
In focus: Offshore Energy Exhibition & Conference (OEEC) once again proves to be a huge success
The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and fl
TotalEnergies embarking on North Sea infill drilling campaign with Shelf Drilling rig
TotalEnergies has greenlighted the two-well infill drilling programme in the Danish North Sea to ramp up gas production from 2023.
RWE’s Brunsbüttel terminal could receive ammonia from Namibia
RWE and Hyphen Hydrogen Energy have signed a Memorandum of Understanding (MoU) that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia. Hyphen was appointed the preferred bidder by the Namibian government to develop the first green hydrogen project in Namibia for export.
Tie-back potential on the horizon for new Norwegian Sea discovery
Neptune Energy has confirmed a new discovery in the Norwegian Sea, which appears to have commercial potential based on the initial analysis.
Brazilian field on track for first oil in 1Q 2023
Karoon Energy has completed the drilling of two wells at a field, located in the Santos Basin offshore Brazil.
Following incident, Nexans and Enemalta patch up subsea interconnector – gallery
Nexans has worked with Enemalta to finalise the repair works for the subsea Malta-Italy interconnector cable.
Repurposed North Sea rig closes its doors to go back to its decommissioning cycle
SEE MONSTER, a decommissioned North Sea platform’s new lease on life has now come to an end and it is expected to be recycled in the UK.
Multiple oil & gas projects still on track for development plans by year-end
Aker BP will vote in favour of submitting PDOs for multiple oil and gas projects, anticipated to take place by mid-December 2022.
WoodMac: Deepwater oil & gas production on the rise steered by small number of players
The deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, says Wood Mackenzie.