Business & Finance
Fratelli Cosulich secures financing for its LNG bunkering newbuild
Italian maritime transportation group Fratelli Cosulich has won a €29.5m loan from a consortium of lenders to finance 70% of the construction costs for a new LNG bunkering vessel currently being built by Chinese shipyard Nantong CIMC Sinopacific Offshore & Engineering Co. The lenders include Crédit
Scandinavian Biogas secures multi-year Bio-LNG supply deal worth $27 million
Swedish biogas producer Scandinavian Biogas has signed a multi-year agreement for the supply of liquid biogas (Bio-LNG) to the transport sector in the Nordic region. As disclosed, the deliveries of liquefied biogas under the agreement will begin shipping in 2023 and are intended from Scandinavian Bi
BP hands out seven-year deal for its oil & gas assets in Azerbaijan
BP has awarded a long-term business services contract, covering its assets in the Caspian Sea and onshore Azerbaijan, to Glensol.
ConocoPhillips and CNOOC to harness wind energy to power Chinese oilfield
ConocoPhillips and CNOOC Limited have announced the beginning of the Penglai Offshore Windfarm Pilot Project, which will harness wind energy to power the Penglai oilfield.
Aker Solutions and Petrobras ink subsea frame agreement
Aker Solutions has secured a frame agreement to provide subsea production systems (SPS) and subsea lifecycle services (SLS) for Petrobras-operated oil and gas fields offshore Brazil. The scope covers the delivery of complete subsea production systems, including equipment such as subsea trees, Vectus
FPSO’s stay in Nigeria prolonged
FPSO operator BW Offshore has secured a short-term contract extension for a vessel operating in waters offshore Nigeria.
Validity of Ecospray’s ‘strategic’ Molten Carbonate Fuel Cell tech confirmed
The CO₂ reduction achieved by the new Molten Carbonate Fuel Cells (MCFC) technology for carbon capture (CC) in shipping, matches the expected targets announced by its developer Ecospray, at the beginning of the project, Italian classification society RINA said. The Italian environmental consultant l
Semi-submersible rig heading to Namibia to drill for Shell
Northern Ocean’s Deepsea Bollsta semi-submersible drilling rig is on its way to Namibia where it will work for the oil major Shell.
Neptune Energy spuds exploration well in one of its core areas off Norway
Oil and gas company Neptune Energy has started drilling the Calypso exploration well located in the Norwegian Sea.
Subsea 7 picks UK firm for welding and coating services
Subsea 7 has entered into a long-term deal with Pipeline Technique (PTL) for the provision of welding and coating services.
Trident all done with subsea campaign in Equatorial Guinea
Trident Energy has carried out its first saturation diving and subsea export hose replacement campaign in Equatorial Guinea.
TotalEnergies bent on taking legal action following allegations of ‘dramatically underreporting’ emissions
After Greenpeace said that TotalEnergies’ emissions are four times higher than reported, the oil major has decided to pursue legal action.
Tripartite partnership set up for early phase offshore wind site evaluation
TGS, SAND Geophysics and Norwegian Geotechnical Institute (NGI) have entered into a strategic cooperation agreement to provide early-phase ground condition and geohazard evaluations for offshore wind farm development. The partnership aims to support wind farm front-end engineering design (FEED) stud
Siem vessel going back to Canada to work for BP
Siem Offshore has secured a deal for one of its dual-fuel PSVs with BP, which will enable the vessel to return to Canadian waters once again.