Business & Finance
Jack-up rig moves to second well in Black Sea drilling campaign
Trillion has started the work planned for the second well in its 2022 – 2023 drilling campaign on a gas field in the Black Sea off Türkiye.
Another change of heart for Brazilian player as it opts to sell its stake in Petrobras’ gas field
PRIO has decided to sell its stake in a Petrobras-operated gas field off Brazil to Gas Bridge to focus on its operated assets.
Indian firm sets sights on floating solar as part of diversification into renewable energy
India’s energy company Bharat Petroleum Corporation (BPCL) has launched a tender looking for consultancy services for the development of floating solar projects in Kochi. BPCL is engaged in manufacturing a range of petroleum products through oil depots, installations, LPG bottling plants, etc., and
Oil majors win offshore exploration blocks in Canada
The Canadian government has released the results of the country’s latest call for offshore exploration bids in the Eastern Newfoundland Region, revealing ExxonMobil, QatarEnergy, BP, and Equinor as successful bidders for a total of five parcels.
Wood Mackenzie: Gulf of Mexico can be frontrunner in offshore CCS projects
Carbon capture and storage (CCS) projects in the Gulf of Mexico could play an important role in meeting U.S. greenhouse gas emission reduction goals, however, many challenges remain, according to a report by Wood Mackenzie. There are currently 22 CCS projects in the U.S., accounting for 19% of globa
Pacific Gas orders four large ethane carriers, pens charter deal with Ineos
Hong Kong-based Pacific Gas, a fully owned subsidiary of Shandong Shipping, has placed an order for four 99,000cbm very large ethane carriers with Chinese shipbuilder Jiangnan Shipbuilding (Group) Co, a subsidiary of China State Shipbuilding Corporation. The contract is estimated to be worth around
Strong rig demand to boost Transocean’s day rates and fleet utilisation
Transocean is expecting the demand for its rigs to remain high, leading to a further improvement in day rates and fleet utilisation.
Keel laid for Wallenius Marine’s dual-fuel Sleipner-class vessel
Longkou Shipyard in China held the keel laying ceremony for the first vessel from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG. The ships, which were ordered back in 2021, are being built and will be managed by Swedish ship design and management comp
Horisont Energi and Neptune Energy eye new CO2 storage license
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase an
UK union serves notice of action on Petrofac amid pay dispute
UK’s Unite the union has served a notice of action on Petrofac as part of an ongoing contract dispute with workers on Repsol’s assets.
New hydrogen tanker retrofit project to get financial boost from EU
Norway’s cleantech company TECO 2030, together with other partners, has received an invitation for HORIZON EUROPE funding of €5 million ($4.8 million) to realise the hydrogen-powered tanker concept HyEkoTank.
Seadrill JV lands 12-well job for drillship in Angola
Sonadrill, a 50:50 joint venture between Seadrill and Sonangol, has secured a 12-well extension in Angola for the Libongos drillship.
GET and Stellar to build 1st dedicated methanol bunkering ship in Singapore
Singapore-based bunker supplier Global Energy Trading, and Stellar Ship Management Services, wholly-owned subsidiaries of Global Energy Group, together with Bureau Veritas classification society, have entered into an agreement for the construction of a methanol bunkering ship. The order was confirme
Maersk Nomad to join ExxonMobil ops offshore Guyana
Maersk Supply Service has secured a contract with ExxonMobil Guyana for the subsea support vessel (SSV) Maersk Nomad to be deployed on field development activities offshore Guyana. Maersk Nomad will operate with two remotely operated vehicles (ROVs) onboard, providing general and subsea support scop