Business & Finance
SeaBird’s Petrel Explorer to exit offshore industry after sale
Green Energy Group (SeaBird Exploration) has entered into a binding agreement with an undisclosed party to sell the seismic research vessel Petrel Explorer. The sale, expected to be completed in about four weeks, will see the vessel leave the offshore industry. Green Energy Group did not disclose an
Saudi giant awards unconventional gas deals to Australian player
Saudi Aramco has awarded project management services contracts to Australia’s engineering company Worley for unconventional gas.
Prysmian to deliver two subsea power interconnections in Spain
Prysmian has won two contracts worth approximately €250 million from Spanish transmission system operator (TSO) Red Eléctrica for the development of two submarine power interconnections in Spain. Prysmian is in charge of the design, supply, installation and commissioning of the subsea power cable fo
Chevron puts choppers on standby as hurricane season kicks off in Gulf of Mexico
Chevron’s helicopters are ready for the Gulf of Mexico’s hurricane season to lower the production disruptions if evacuations are required.
Corvus Energy, Yaskawa/The Switch team up to improve marine battery systems
Finnish power electronics specialist Yaskawa Environmental Energy/The Switch has joined forces with Norway-based maritime energy storage system manufacturer (ESS) to continue the development of its smart battery short-circuit limiter (BSCL) protection device for large-scale battery solutions and adv
Govt to dish out millions to kickstart 11 carbon capture projects with potential to generate $20 bln
Emissions Reduction Alberta (ERA) says Canada’s province will invest over $40 million in 11 projects focused on advancing CCUS.
In focus: Are oil & gas plays truly becoming a thing of the past or are we not there yet?
Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, th
Borr lines up new rig assignment with UAE player
Borr Drilling has been awarded a deal by Mubadala Petroleum for a jack-up rig, which is expected to carry out ops in Thailand.
Operator cheers first gas from wind and solar powered platform off Trinidad
DeNovo Energy has achieved the first gas from a project entailing a renewable energy-powered platform, located offshore western Trinidad.
Ocean Sun and Keppel team up for nearshore floating solar project in Singapore
Keppel Infrastructure has secured a grant from the Energy Market Authority (EMA) and JTC to pilot the first membrane-based nearshore floating solar photovoltaic (PV) system in Singapore.
Orient Cable gets €29.5 million green loan
Chinese power cable specialist Orient Cable (NBO) has secured an RMB 200 million (around €29.5 million) compliant green loan facility from HSBC Bank. The Chinese company stated that the grant affirms its efforts and commitments to the Science Based Targets initiative (SBTi) to achieve 2050 net zero
‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac
WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.
Rig utilisation ramps up in Asia Pacific, reveals Westwood
Rig activity in Asia Pacific has been stepped up this year, but most stacked jack-ups are being reactivated for gigs in the Middle East.
UK firm collects $128 million in new deals with headcount increase on the horizon
EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.