Business & Finance
Delegation meets to discuss EuroAsia Interconnector
Project developer of the EuroAsia Interconnector and the Cypriot and Israeli delegations have met in Nicosia, Cyprus, to discuss the electricity link that will connect Israel, Cyprus, Greece and continental Europe. A delegation of the Israeli and Cypriot Ministries of Energy, the Israeli and Cypriot
QatarEnergy and ExxonMobil agree to independently market Golden Pass LNG
QatarEnergy and ExxonMobil have agreed to independently market liquefied natural gas (LNG) produced at their joint venture Golden Pass LNG Terminal in Sabine Pass, Texas. As explained, the companies will better serve their downstream customers while meeting increased global demand. ExxonMobil affili
Oil & gas ‘supercycle’ pushes Saipem’s offshore activity up, bringing record-quarterly revenue
Saipem has posted the highest quarterly revenue since the fourth quarter of 2015, driven by sizeable awards for its offshore business.
Region’s first as Fugro USV hits the water in Abu Dhabi
Fugro has launched its Blue Essence uncrewed surface vessel (USV) in Abu Dhabi, said to be the region’s first such vessel. The 12-meter USV was launched at Mugharraq port and sailed to its new home in Al Mirfa by Fugro’s control and command center in the UAE. The Al Mirfa port will be the home to th
Transocean’s first 8th-gen drillship kicks off its inaugural contract in Gulf of Mexico
Transocean has revealed that its first 8th-generation drillship has just started its inaugural contract in the Gulf of Mexico.
TotalEnergies and Shell join first Hydrogen Area at Offshore Energy Exhibition & Conference
Offshore Energy Exhibition & Conference 2022, coming up on 29 and 30 November in Amsterdam, will feature a Hydrogen Area for the first time, with TotalEnergies, Strohm, Green Team Twente, Shell, and TU Delft Hydro Motion Team set to join this inaugural moment for Offshore Energy and Navingo BV.
TotalEnergies’ profit soars on high gas prices
TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter of 2022 on a year-on-year basis.
NKT’s new extrusion tower ready to produce high-voltage power cables
NKT has completed the construction of the second extrusion tower for high-voltage power cables at its factory in Karlskrona, Sweden. NKT can now start manufacturing high-voltage power cables in the new tower, designated as NKT Lighthouse, in the fourth quarter of the year. The 150-meter tall tower i
Shell sees ‘robust’ profits
Shell has recorded higher profits in 3Q 2022 on a year-on-year basis thanks to higher gas prices and increased volumes from deepwater assets.
Shell eyes potential carbon capture and storage hub in Southeast Asia
Shell will explore carbon transport and storage options in Brunei & Singapore, which could be part of a potential CCS hub in Southeast Asia.
Equinor to supply gas to Ørsted via Baltic Pipe
Danish Ørsted, said to be the world’s leading offshore wind developer, and Norway’s energy giant Equinor have entered into an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period wi
European Investment Bank boosts clean energy financing with €30B for REPowerEU plan
The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.
Green light for Neptune to spin the drill bit in Norwegian Sea
Neptune Energy has secured two types of permits from Norwegian authorities for drilling operations in the Norwegian Sea.
CMA CGM poised to move to a larger, greener terminal at Yokohama port
French container shipping major CMA CGM is moving its operations to a larger terminal at the Port of Yokohama, set to be equipped with shore power and LNG bunkering infrastructure. The move was announced by the Yokohama Kawasaki Port Corp (YKIP) saying that CMA CGM signed a reservation deal with CMA