Business & Finance
Partners to evaluate North Sea gas-condensate discovery
After completing a sidetrack well and a DST, OMV will work with its partners to evaluate a gas-condensate discovery in the North Sea
As more vessel jobs with higher day rates come in, UAE player solidifies its financial position
Gulf Marine Services (GMS) has secured two new deals and a contract extension for its vessels with increased day rates.
Matson inks $1 bln construction deal for LNG-ready trio
US-based transportation and logistics company Matson has signed $1 billion contracts with Philly Shipyard Inc. to build three 3,600 TEU Aloha Class containerships capable of running on LNG. The new vessels will join two Aloha Class ships previously built for Matson by the shipyard that entered servi
New spud window for exploration well in Guyana as Noble rig gets delayed
CGX and Frontera have revised the spud window for their second exploration well in the Corentyne block offshore Guyana.
Magseis Fairfield reports positive quarter despite node handler downtime
Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli
Methanol-powered Stena Promise delivered
Guangzhou Shipyard International Co Ltd (GSI) has delivered the third IMOIIMeMAX dual-fuel MR tanker powered by methanol, Stena Promise, to Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk. The shipbuilder delivered the first one, Stena Pro Patria, to its owner
New operator takes the reins at North Sea field
Germany’s Wintershall Dea has completed the sale of its interest in three North Sea fields to Norway’s OKEA.
Maersk CEO: We are committed to making a tangible environmental impact in this decade
Danish shipping group Maersk is pressing ahead with its first-mover tactics when it comes to decarbonizing its operations as it looks to reap its first fruits already this decade. “We have recently announced the order of further six dual-fueled green methanol-enabled container ships. As we maintain
GKinetic Energy targets commercial ramp up with €2 million funding round
Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.
As Middle East ramps up oil & gas investments, EthosEnergy unveils new regional hub
EthosEnergy is expanding its presence in the Middle East to respond to the growing rotating and oil and gas equipment market.
Norway inviting applications for another CO2 storage permit
Norway’s Ministry of Petroleum and Energy is inviting applications for an area on the Norwegian continental shelf (NCS) that would be used for CO2 injection and storage. The area encompasses defined blocks in the North Sea. “Today’s announcement of land for the storage of CO2 is new evidence of the
Fugro, AD Ports forge ties on remote and autonomous technologies
Geo-data specialist Fugro has signed a collaborative agreement with UAE-based port operator Abu Dhabi Ports (AD Ports) that sets out combined goals to utilise remote and autonomous technologies in the region. Whilst the agreement formalises the partnership, the companies have been working together s
Dolphin Drilling cleared to take part in Petrobras rig tenders
Dolphin Drilling has been re-approved as an official rig supplier and will be invited to take part in Petrobras’ upcoming rig tenders.
Jaxport wins $23.5 million in federal funding for emission reduction projects
Florida-based Jacksonville Port Authority (Jaxport) has won a $23.5 million grant from the U.S. Department of Transportation which is intended for port infrastructure projects aimed at reducing emissions. The Jaxport Express project is a $47 million public-private partnership by Jaxport and two of