Business & Finance

VIDEO: Scaling-up Marine Energy Conference at OEEC2022
As a diverse and secure energy supply is more important than ever, the time to implement the EU’s strategy on marine renewable energy is now. Watch the Marine Energy session ‘Scaling-Up Marine Energy’ to follow the latest marine energy deployments and to explore opportunities to scale-up these ambit

‘World’s largest offshore’ carbon capture project is a go in Malaysia
Malaysia’s Petronas has taken a final investment decision (FID) to develop a carbon capture and storage (CCS) project offshore Sarawak.

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction
Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

With construction done, topsides integration next on the list for Woodside FPSO
Following the completion of the construction phase for an FPSO, Woodside has tucked “another important milestone” under its belt.

TGS at OEEC2022: Where Data and Insights Meet to Drive Efficiencies (Video)
TGS provides data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. Jan Schoolmeesters talks a

No commercial hydrocarbons for TotalEnergies in Suriname well
TotalEnergies and its partner, APA Corporation, have completed the drilling of an exploration well in Block 58 offshore Suriname.

With Celtic Interconnector deal in the bag, Nexans tucks ‘important milestone’ under its belt
A deal for the Celtic Interconnector project brings Nexans closer to becoming a pure electrification player.

Offshore platform shut in following gas leak
After finding a gas leak, Australia’s Santos has temporarily shut down a platform and a subsea pipeline offshore Western Australia.

QatarEnergy agrees to supply LNG to Germany for at least 15 years
QatarEnergy has signed two long-term LNG sale and purchase agreements with ConocoPhillips affiliates to deliver up to 2 million tons per annum (mtpa) of LNG from Qatar to Germany. Under the two agreements, a ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered e

How is the transition to renewables faring in the midst of a global energy crisis?
Westwood Global Energy has done a deep dive into the impact of the energy crisis on the energy transition to a sustainable, green future.

New North Sea assignments for DeepOcean with offshore wind and oil & gas players
DeepOcean has been awarded substantial contracts by three oil majors – Equinor, ConocoPhillips and BP – for work in the North Sea.

LNG-powered Aurora Botnia slashes Wasaline’s CO2 emissions
The Finnish–Swedish ferry operator Wasaline has been able to cut its CO2 emissions in half since the arrival of its new LNG-powered ferry Aurora Botnia over a year ago. The ferry entered service between Vaasa, Finland and Umeå, Sweden in the autumn of 2021. The Aurora Botnia is a 150-meter car and p

Equinor’s Norwegian Sea wildcat comes up empty
Norwegian state-owned energy giant Equinor has completed the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.

Shell spending $2 billion to buy the largest biomethane producer in Europe
Shell Petroleum, a wholly-owned subsidiary of Shell, has entered into an agreement to acquire 100% shareholding of Nature Energy Biogas, a Denmark-based producer of renewable natural gas (RNG), for nearly $2 billion. By purchasing the shares in Nature Energy, Shell said it will acquire the largest R