Business & Finance
MacGregor bags ‘significant order’ to equip Polish hybrid RoPax ferries
MacGregor, a part of Finnish Cargotec, has secured a contract to supply comprehensive packages of RoRo equipment for three RoPax ferries powered by four liquefied natural gas (LNG) engines of dual-fuel type with battery assistance.
Equinor and partners investing over $937 mln to develop Norwegian Sea gas project
Equinor and Halten East partners have decided to invest about NOK 9 billion in the development of the area neighbouring the Åsgard field.
Esso Angola appoints Maersk Supply for marine services
Maersk Supply Service has won an integrated marine services contract by Esso Angola for the provision of project management, engineering and marine services for Block 15 offshore Angola. Subsea support vessel Maersk Forza will perform the offshore marine operations, including offshore field maintena
BP hires Petrofac to provide personnel and equipment for GTA project
Petrofac has been awarded a new contract to provide offshore operations services for BP’s Greater Tortue Ahmeyim project in Mauritania and Senegal.
Brazil’s govt to replace Petrobras CEO after less than two months
As the hike in fuel prices continues unabated, Petrobras has been instructed to set the wheels into motion to replace its current CEO.
Equinor’s new oil discovery could add ‘valuable volumes’ to Barents Sea project
Norwegian oil and gas giant Equinor has made a new oil discovery in Snøfonn Nord with the exploration well 7220/8-2 S, located by the Johan Castberg field development in the Barents Sea. This proximity to the current project development enables the tieback option, which will be considered by Equinor
WIND to store cables for TenneT
The Netherlands-based subsea cable specialist WIND has signed a framework agreement with TenneT for the provision of cable transfers and storage for spare export cables. The scope of the contract includes the supply of cable storage equipment, execution of cable transfers, and management and storage
Chevron pays $50 million to join JV for CCS hub in Texas
Talos, Chevron, and Carbonvert have concluded the expansion of the JV, aiming to bring forth a hub-scale CCS project off Jefferson County.
Enauta’s Brazilian well goes back online following repairs
Following repairs, Enauta has restarted production from a well on the Atlanta field, located offshore Brazil.
Europe’s bold new energy plan will need wartime-like planning to meet goals, Rystad says
Rystad Energy forecasts that the EU’s energy plan and its budget may fall short of objectives, as a further ramp-up of investments is needed.
Eni goes full speed ahead with drilling plans off Cyprus
Following the arrival of a Vantage Drilling-owned drillship from Egypt, Eni and TotalEnergies are kicking off drilling operations offshore Cyprus.
Yinson taps UAE player for FPSO upgrade work
Drydocks World Dubai has inked a deal with Yinson to upgrade an FPSO vessel, which will operate for Enauta offshore Brazil, upon completion.
EU and U.S. condemn Russia’s use of ‘energy blackmail’ through actions like gas supply halt
The EU and the U.S. have condemned “Russia’s use of energy blackmail”, like cutting off gas supplies to Finland.
Abu Dhabi companies to explore offshore wind, green hydrogen development in UAE
Abu Dhabi-based Masdar and National Petroleum Construction Company (NPCC) have entered into an agreement to collaborate on offshore wind and green hydrogen project development in the UAE. Under a Memorandum of Understanding (MoU) signed this month, the two companies will initially focus on collabora