Business & Finance
UN coordinator urges public to help stave off ‘5th largest oil spill from a tanker in history’
UN Coordinator has urged the public to help with funding to head off a decaying oil tanker threat and prevent an oil spill in the Red Sea.
Scana subsidiary scores frame agreement extension with Odfjell
Scana-owned PSW Technology has signed a one-year extension of the frame agreement with Odfjell Drilling for the provision of maintenance and recertification of marine riser and subsea equipment for all of Odfjell’s drilling units. The agreement includes inspection, maintenance, and repair (IMR) of m
MHI invests in EH2 startup for clean hydrogen production
Japanese company Mitsubishi Heavy Industries (MHI) has invested in Electric Hydrogen (EH2), a clean hydrogen startup from the U.S, to support its efforts in developing clean hydrogen.
QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry
QatarEnergy has joined an industry initiative, which aims to eliminate methane emissions from the oil and gas industry by 2030.
CMA CGM, Shell join forces for LNG supply, maritime decarbonisation
French shipping giant CMA CGM Group and oil and gas company Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector. Specifically, the partners have signed include a multi-year deal for the supply of liquefied natural gas (LNG) to CMA CGM’s 1
Stamp of approval for ConocoPhillips to drill North Sea wildcat
ConocoPhillips has secured a drilling permit from the country’s authorities for a wildcat well located in the North Sea offshore Norway.
Fugro CEO takes over as IRO chair
Fugro CEO Mark Heine has taken over as chair of the IRO, the non-profit organization for Dutch suppliers in the offshore energy industry. Heine was presented as the new chair during the celebration of IRO’s 50th anniversary on 23 June. Fugro’s CEO took over from previous chair Pieter van Oord, CEO o
Ithaca awards North Sea deal to Centurion
Delek’s Ithaca Energy has awarded a long-term deal, covering its North Sea assets, to Centurion Group’s UK brand ATR Lifting Solutions.
TGS goes to Central North Sea for reprocessing project
TGS has kicked off a new seismic reprocessing project in the Western Margins of the Central North Sea, said to be designed to secure exploration success. The project will see the reprocessing of 3,500 square kilometers of data in the Greater Catcher Area covering quads 21, 28, and 29 of the North Se
India’s GAIL to go into distributed LNG production
India’s largest natural gas company GAIL has revealed plans to enter into distributed LNG production with the vision to cater to the demand from off-grid locations and the transport sector.
After ‘thorough search process,’ Jadestone brings its new CFO from SBM Offshore
Jadestone Energy has revealed the name of its new Chief Financial Officer (CFO), who is expected to join the company in a couple of months.
Borr Drilling laying the groundwork to divest three rigs for $320 million
Borr Drilling has entered into a deal for the sale of three jack-up rigs, which are currently under construction with Keppel FELS.
Saipem finds buyer for FPSO working off Brazil
BW Energy has inked a deal with Saipem to buy an FPSO vessel, which is currently working offshore Brazil for Petrobras.
U.S. and EU scaling up efforts to ensure energy security and curb emissions
The U. S. and the EU will intensify efforts to ensure energy security and reduce emissions while pursuing diversification of energy supplies.