Business & Finance
‘UK’s largest gas storage site’ back in operation ahead of winter to boost energy security
Centrica has increased the UK’s storage capacity by 50 per cent with the reopening of a gas storage facility in the Southern North Sea.
Port of Long Beach wins $30.1 million for clean air project
The Port of Long Beach is set to receive a $30.1 million grant from the U.S. Department of Transportation for its clean air project. Under the project, the port plans to deploy the nation’s “largest fleet of manually operated, zero-emissions cargo handling equipment at a single marine terminal.” Spe
‘Key’ deals pushing forward Sarawak’s gas development and low-carbon transition
Malaysia’s Petronas has inked two deals with Petroleum Sarawak (Petros) to scale up the sustainable development of Sarawak’s energy industry.
Survey at Malta-Italy interconnector nearing final stages
The preliminary marine route survey for the second Malta-Italy electricity interconnector is nearing its final stages, project developer InterConnect Malta reported. The seabed survey was split into three sections, including nearshore Malta, offshore – along the route between the two countries, and
COSCO splashes $2.87 bln on twelve methanol-powered 24,000 TEU mammoths
Hong Kong-listed shipping major COSCO Shipping Holdings has placed an order for the construction of twelve 24,000 TEU methanol dual-fuel containerships worth $2.87 billion. The construction contract was signed by the company’s subsidiaries Orient Overseas Container Line (OOCL) and Cosco Shipping Lin
Probe launched to see if North Sea operator failed to meet licence obligations
UK’s regulator has opened an investigation to find out whether an oil & gas company has failed to comply with North Sea licence obligations.
In focus: Window to meet 1.5°C target is closing, urgent transformation is needed now
As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
Diamond Offshore’s giant semi-sub rig reaches UK
Diamond Offshore’s giant semi-submersible drilling rig Ocean GreatWhite has reached the Kishorn Port in the UK.
PXGEO 2 to acquire seismic data for TGS in Asia Pacific
PXGEO has secured a towed streamer contract in the Asia Pacific region to acquire 3D seismic data for TGS. The seismic vessel PXGEO 2 is set to mobilize in December for the project. Activities are expected to last for approximately three months. PXGEO entered into an agreement with TGS last year for
Equinor gets the all-clear to spud North Sea well
Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
U.S. oil and gas giants’ profits skyrocket
Chevron and ExxonMobil have revealed high profits in 3Q of 2022, driven by elevated energy prices and higher oil and gas production.
JAX LNG refuels Sakura Leader with LNG
North America’s clean fuel supplier JAX LNG has completed its first ship-to-ship liquefied natural gas (LNG) bunkering of NYK Line’s pure car and truck carrier (PCTC) Sakura Leader. The company, a joint venture between NorthStar Midstream and Pivotal LNG, said that the refueling operation marked the
High offshore wind demand lifts Fugro
Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably rene
High oil & gas production and prices lift Equinor’s profit
Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.