Business & Finance
Industry set to talk floating wind in the Netherlands
Although the Netherlands does not have plans to deploy floating offshore wind turbines in its waters, at least not yet, professionals from the industry are coming together to talk floating wind on 29 November at RAI Amsterdam, where Navingo is organising its annual Offshore Energy Exhibition & Confe
Noble jack-up rig spuds Shell’s high-impact gas prospect in North Sea
UK-headquartered energy giant Shell has kicked off drilling operations on a gas prospect in the North Sea, using a Noble-owned rig.
Helix floating production vessel stays with Talos
Helix Energy Solutions has secured a contract extension with an affiliate of oil and gas company Talos Energy for a floating production vessel in the Gulf of Mexico. Under the one-year extension deal, the Helix Producer I floating production vessel will stay with Talos until 1 June 2024. The 1986-bu
Maersk wants 25pct of ocean cargo to be transported with green fuels by 2030
Danish container shipping major Maersk has set ambitious 2030 targets as part of its 2040 decarbonization strategy that includes having at least a quarter of its ocean cargo transported with green fuels. “Nobody can predict the future, and there is still a lot of uncertainty. In the next 18 years, n
UK oil & gas firm drops Moroccan asset as farm-out plans come to naught
Europa Oil & Gas has decided to relinquish a license offshore Morocco, as its farm-out process did not yield results.
Plans laid for the world’s first tidal energy-powered deep sea container terminal
Centre Port Holdings, a UK-based marine and renewable energy infrastructure developer, has unveiled plans for a scheme that will use tidal energy to power a deep sea automated container terminal capable of processing between 1.5 and 4 million containers annually.
Oilfield services giants get a slice of Aramco’s iktva pie as Saudi player dishes out $11 bln
Saudi oil and gas giant Aramco has signed corporate procurement agreements (CPAs) with oilfield services majors Baker Hughes, Halliburton and SLB, among other companies, as part of its iktva program. Aramco signed 59 CPAs with 51 local and global manufacturers, valued at $11 billion, which are expec
Flex LNG and Cheniere agree to extend charters for three LNG carriers
Norwegian shipping company Flex LNG has secured an extension of time charter agreements with Cheniere’s unit Cheniere Marketing International (CMI) for three liquefied natural gas (LNG) carriers. The new agreement extends the charter periods of Flex Endeavour, Flex Ranger and Flex Vigilant for up to
Kanfer Shipping, Nimofast agree to set up small-scale LNG supply along Brazilian coastline
Norwegian company Kanfer Shipping AS has signed a partnership deal with Nimofast Brasil S.A. to establish small and medium-scale LNG shipping, small-scale floating storage units (FSU) and LNG bunkering solutions in Brazil from 2025 onwards. The contract will enable Nimofast to sell and deliver LNG o
As gas flows from another well, Black Sea drilling campaign ‘off to a very strong start’
Trillion Energy has revealed the flow test results for the second well in its drilling campaign on a gas field in the Black Sea off Türkiye.
Sempra and ConocoPhillips firm up Port Arthur LNG deal
Sempra Infrastructure, a subsidiary of Sempra, has executed a 20-year sale and purchase agreement (SPA) with ConocoPhillips for 5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas. The comp
Report: Pertamina lining up $3 bln vessel investment
Pertamina International Shipping (PIS), a shipping unit of Indonesian state-owned oil and gas company Pertamina, has set sights on a $3 billion worth fleet rejuvenation plan. According to Wisnu Santoso, a director at PIS, who was cited by Reuters, the company is looking into both newbuilds and exist
MSC looking at LNG and methanol retrofits
Mediterranean Shipping Company (MSC), the world’s largest ocean carrier by operated container vessel capacity, is exploring retrofitting projects involving various types of fuels including LNG and methanol. The two solutions remain the key options for owners that want to act today on lowering their
New job for Valaris drillship with BP
Offshore drilling contractor Valaris has secured a new assignment for one of its drillships with BP for operations offshore Egypt.