Business & Finance
International declaration calls for reduction of greenhouse gas emissions from fossil fuels
The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a
Morlais tidal energy scheme hires environmental helping hand
Menter Môn, the manager of the Morlais tidal energy project, has awarded a contract to UK-based engineering and environmental consultancy HR Wallingford related to environmental monitoring services.
TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters
TotalEnergies and Eni are gearing up to launch exploration activities in an offshore block located in the Lebanese waters.
Sonatrach and Sinopec seeking new partnership opportunities
Algerian state energy firm Sonatrach and China’s Sinopec have signed a Memorandum of Understanding (MoU) to consolidate their existing relations and expand cooperation by seeking new partnership opportunities. Guo Yueliang, Chairman of Sinopec International Energy Investment Limited, and Sonatrach’s
World’s largest LNG bunker vessel is here
Hai Yang Shi You 301, described as the world’s largest LNG bunker vessel, has been officially put into operation by China State Shipbuilding Corporation’s subsidiary Guangzhou Shipbuilding International (GSI) following a conversion project. The official delivery ceremony was held earlier today, Chin
Jack-up rig spuds exploration well off Oman
In a bid to bolster hydrocarbon production and reserves, Masirah Oil has started drilling an exploration well offshore Oman.
Prysmian wins major contract for landmark Middle East interconnection project
Prysmian Group has won a €60 million contract to lay the submarine cables for the Project Lighting interconnection project in the United Arab Emirates. Prysmian entered into a €220 million limited notice to proceed in January with Samsung C&T, as part of its EPC consortium with Jan De Nul, for the p
Wello inks deal to deploy 12MW wave energy park in Taiwan
Finnish company Wello has signed a contract with Sin Mao Group to deploy a 12MW wave energy park in Taiwan.
First gas flows from field off Indonesia
A gas field, which is part of a development project covering a cluster of satellite fields located offshore Indonesia, has been brought on stream.
Egypt ramping up efforts to make SCZONE clean fuel production hub
Egyptian President Abdel-Fattah El-Sisi is calling for an acceleration of efforts to turn the Suez Canal Economic Zone into a clean energy and green fuels production hub. In a meeting with government officials held to discuss ongoing projects in the SCZone, President El-Sisi gave directives to focus
Aquaterra eyes long-term integrity of carbon capture and storage sites with new tool
UK-based Aquaterra Energy has unveiled a new CO2 management platform for long-term monitoring and sustained integrity of underwater carbon capture and storage (CCS) sites. The integrated solution is said to provide monitoring of both sub-surface fiber optic seismic arrays, as well as dissolved CO2 g
With merger all wrapped up, Vaalco promotes from within to fill COO role
Following the merger with TransGlobe, Vaalco Energy has picked a new Chief Operating Officer (COO) for the combined company.
Norway spearheading low-emission rig adoption, says Westwood
Westwood has found that Norway leads the way in the adoption of emission-reducing modifications for offshore rigs.
Pavilion Energy, Gasum & CNOOC to bolster global LNG bunker network
Pavilion Energy, Gasum, and CNOOC Gas and Power Group have signed a Heads of Agreement (HoA) for strategic collaboration to strengthen a global LNG bunker supply network for their customers in the world’s top three bunkering regions, namely Singapore, North West Europe, including Amsterdam, Rotterda