Business & Finance
Maersk inks new deals in Egypt to speed up green fuel production
Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping.
Giant drilling contractor Transocean goes into seabed minerals to support renewables
Offshore rig owner Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain.
Strohm partners up with Petronas for TCP commercialization
Strohm has signed an agreement with Petronas’ technology commercialization arm, Petronas Technology Ventures Sdn Bhd (PTVSB,) to commercialize thermoplastic composite pipe (TCP) in the industry and scale its utilization across Petronas facilities. According to Strohm, the partnership has ensured tha
Answers to energy security and climate change concerns lie in energy transition, IRENA says
The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.
Baleària inks first green loan in Spanish shipping sector
Spanish shipping company Baleària has signed the first sustainable financing agreement in the Spanish shipping sector with a green loan of EUR 80 million (about $88.4 million).
Fugro to back QatarEnergy’s field redevelopment project
QatarEnergy has awarded Fugro with a contract to deliver multi-year seabed geo-data acquisition and geo-consultancy services as part of the redevelopment of the Bul Hanine and Maydan Mahzam fields offshore Qatar. Fugro’s team will be operating from Fugro Proteus, Pacific Grouse and Bourbon Enterpris
Lamprell mulls over funding options and sale of stake in oil & gas business
UAE-based offshore engineering and construction services provider Lamprell is in talks for the sale of a stake in its oil & gas business.
FAR opts to keep future Senegal payment and embarks on Gambian assets farm-out
FAR has decided to retain the Woodside Contingent Payment within the company and seeks farm-out options or outright sale of Gambian assets.
New batch of contracts to make DOF Subsea busy in North Sea
DOF Subsea has secured multiple new contracts for renewables and oil & gas projects in the North Sea, totaling more than 185 vessel days. All awards include project management, engineering, procurement and logistics, set to be delivered by the company’s subsea teams across Bergen and Aberdeen this y
IOG nearly ready to resume North Sea drilling
A Noble Corporation-owned jack-up rig is nearly ready to come back offshore and resume drilling for IOG next month.
EnBW picks He Dreiht inter-array cable supplier
Seaway 7 has won an engineering, procurement, installation and commissioning (EPIC) contract with EnBW for the inter-array cables for the He Dreiht offshore wind project in Germany. The scope includes the supply and installation of around 100 kilometers of 66 kV subsea power cables and respective ca
ABB to provide power from shore for Equinor’s North Sea electrification project
ABB has secured a deal with Aibel for the provision of power from shore technology to the Equinor-operated North Sea field.
With final approval out of the way, Eco closes Azinam deal
Eco (Atlantic) Oil & Gas has put all the pieces into place to close the acquisition of the Azinam Group and its asset portfolio.
ExxonMobil comes out empty-handed after completing Brazilian well
ExxonMobil has completed its drilling operations on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil.