Business & Finance
Chinese power cable specialist sets up SBTi net-zero targets
Chinese power cable specialist Orient Cable (NBO) has revealed its commitment to the Science Based Targets initiative (SBTi) by setting targets to reduce greenhouse gas emissions. In terms of near-term targets, NBO said it had committed to achieving scope 1 and 2 targets that are in line with a 1.5°
ConocoPhillips curbs resource estimate for Norwegian oil discovery
ConocoPhillips has delineated its Slagugle oil discovery located in the Norwegian Sea, constraining the recoverable hydrocarbon volume of the main segment.
Neptune Energy gets green light for drilling in North Sea
Norwegian regulator has granted Neptune Energy consent for exploration drilling in the North Sea, using the Deepsea Yantai rig.
Petrobras books another DOF AHTS vessel
DOF-owned Norskan Offshore and DOF Subsea Serviços Brasil have won service contracts with Petrobras for the anchor handling tug supply (AHTS) vessel Skandi Iguazu, including a remotely operated vehicle (ROV). The contracts are set to commence in the fourth quarter of this year and have a duration of
Dutch contractor to support towing and hook-up ops for Shell’s new Gulf of Mexico platform
Jumbo Maritime has hired Fugro for the delivery and installation of an FPS to be deployed at Shell’s Gulf of Mexico deepwater project.
Gabon project still on track for first oil, but risk of delay remains
E&P company BW Energy is still on track for the first oil from its Hibiscus/Ruche development off Gabon later this year despite delays caused by Covid-19 and the war in Ukraine. However, there is still an increased risk of delays due to price inflation on services and materials. BW Energy is current
Pioneering Spirit vessel removes North Sea platform topsides
Allseas’ Pioneering Spirit vessel has removed the Gyda platform topsides from the North Sea, preparing it for recycling and disposal.
Indian giant plans to invest $4 bln to step up its exploration game
ONGC intends to invest up to $4 bln in the next three years in a push to deliver on its bold new roadmap to boost its exploration activities.
BW Offshore and Saipem target Shell’s Gato do Mato contract
BW Offshore has been awarded a limited notice to proceed by Shell for early-stage engineering and supplier reservations for an FPSO for the Gato do Mato field offshore Brazil.
US DOE selects eight marine energy projects for funding support
The US Department of Energy (DOE) has allocated $2.6 million for 13 marine energy and hydropower projects as part of its program that supports research and innovation in small businesses.
Asian operator welcomes final shuttle tanker for Shell charter
AET has brought in the third and final Suezmax DP2 shuttle tanker, purpose-built for a long-term charter with Shell for operations in Brazil.
Wintershall Dea preparing to drill North Sea well
Wintershall Dea Norge has received a drilling permit from Norway’s authorities for a wildcat well located in the North Sea.
Trident Energy completes its first Brazilian subsea campaign
Trident Energy has completed its first Brazilian subsea campaign which included connecting the MA-34 production well to the P-08 semi-sub as part of its plans to enhance production on the Pampo field. After completing the pressure tests of the flowlines and the integration of the new umbilical into
Chevron unveils new leadership structure to strengthen execution of lower carbon goals
Chevron has revealed a simplified organizational structure and senior leadership changes to bolster the execution of its business objectives.