Business & Finance
Tower Resources moves ahead with well prep offshore Cameroon
Africa-focused energy company Tower Resources has received approval from the credit committee of a local Cameroon bank for a $7 million loan which should cover around 40 per cent of the cost of a well in the Rio Del Rey basin. Tower Resources Cameroon S.A (TRCSA) has been notified by BGFI Bank Group
JERA, MOL and NYK join forces on developing ammonia supply chain and large ammonia carriers
Japanese energy giant JERA has teamed up with compatriot shipping majors Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) on the transportation of fuel ammonia for the Hekinan Thermal Power Plant, expected to begin commercial operation in the late 2020s. The three companies signed M
How do things stand for the oil & gas industry in the wake of COP27?
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics
Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.
Is third time the charm for a drillship that previous owners cancelled twice?
Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.
Sweden: Nord Stream incident caused by ‘gross sabotage’
An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said
Aker Solutions secures more Johan Sverdrup work
Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.
Stolt Tankers, Stolthaven Terminals join forces on onshore washwater treatment
Stolt Tankers and Stolthaven Terminals have joined forces on the removal and sustainable treatment of wastewater from ships docked in Houston. Stolthaven Houston and New Orleans have been operating onsite biological wastewater treatment plants for more than 20 years, specialising in the handling of
Norwegians developing methanol-powered cable installation vessel
Oslo-headquartered Cecon Contracting and its partners have entered into an agreement for the construction of a cable installation vessel that will feature a methanol dual fuel system and a battery pack. The vessel will be built by the Sefine Shipyard in Türkiye, while NSK Ship Design is in charge of
ExxonMobil hires rig for work in Canada
ExxonMobil has awarded a deal for operations in Canada to a rig owned by SFL Corporation and managed by Odfjell Drilling.
Hapag-Lloyd to digitize its berth alignment operations with Portchain
German liner major Hapag-Lloyd has signed a 5-year global partnership with Portchain, a Danish startup focusing on digitizing operations in the container shipping sector. Under the contract, Hapag-Lloyd will deploy Portchain Connect platform across its global operations and digitize the berth alignm
25 pct of ships in California will have to use green hydrogen fuel cell electric propulsion by 2045
The California Air Resources Board (CARB) has released its final 2022 Scoping Plan, the state’s five-year roadmap for achieving its climate goals, which mandates, among other things, that at least 25% of ships in California waters will need to use green hydrogen fuel cell electric propulsion by 2045
CorPower Ocean completes C4 wave energy system assembly in Portugal
CorPower Ocean has completed the system integration of its first commercial scale wave energy converter, the CorPower C4.
Chinese giant brings online gas project in Bohai Sea
China’s oil and gas player CNOOC Limited has kicked off production from a gas development project in the Bohai Sea.