Business & Finance

Energean hires Halliburton to gauge carbon storage potential in Prinos area
Energean has selected Halliburton for a subsurface study to evaluate the carbon capture and storage (CCS) potential of a basin in Greece.

Santos unveils ‘significant oil discovery’ near Dorado field
Santos has revealed that the Pavo-1 exploration well has confirmed a significant oil discovery 46 kilometres east of the Dorado field.

Prysmian launches Leonardo da Vinci, reveals €1B investment plan for energy transition
Italian cabling giant has inaugurated Leonardo da Vinci, the world’s largest cable-laying vessel, and presented its €1 billion investment plan targeted at developing businesses that support the energy transition.

Japanese partners invest in another SBM Offshore FPSO
SBM Offshore has divested a minority interest in the FPSO Alexandre de Gusmão project to two Japanese partners.

Petronas inks deals for five offshore blocks to ramp up exploration in Malaysia
Petronas has signed four new Production Sharing Contracts for five offshore blocks to bolster hydrocarbon exploration activities in Malaysia.

BP entering Japanese offshore wind market
BP has entered into an agreement with Marubeni to form a strategic partnership for offshore wind and potentially other decarbonisation projects, including hydrogen, in Japan. The new partnership will see BP acquiring a stake in Marubeni’s proposed offshore wind project in the country. Under the agre

OWC expanding Asia Pacific operations with new office
AqualisBraemar’s (ABL) offshore wind consultancy unit OWC is opening a new office in Vietnam to expand its Asia Pacific (APAC) operations and activity.

Aurecon wins contracts for two large-scale floating solar farms in Singapore
Australian-based engineering consultancy Aurecon has been appointed by Singapore’s national water agency PUB to carry out preliminary engineering design and feasibility studies for two multi-megawatt floating solar projects.

Aker Carbon Capture and Microsoft to scale up CCUS value-chain with power of tech
Aker Carbon Capture and Microsoft have joined forces to combine their expertise in technology to accelerate the deployment of CCUS.

ExxonMobil’s low-carbon business gets new boss as current one steps down
ExxonMobil’s president of Low Carbon Solutions will be stepping down at the end of April and the company has revealed his replacement.

Shell gearing up to remove Knarr FPSO from North Sea
Shell is preparing for the removal of an FPSO from the Knarr field, which is located in the North Sea offshore Norway.

Offshore engineering consultancy secures work on Norwegian CCS project
Global Maritime has secured a deal with Northern Lights JV, enabling it to support the project’s efforts towards a low carbon future.

Alewijnse, Ingeteam join forces for hybrid and electric propulsion systems
Making a step forward in the sustainability of the maritime supply chain, Dutch Alewijnse and Spanish Ingeteam have joined forces to initiate and facilitate the development and integration of hybrid and electric propulsion system.

Reach Subsea wraps up iSurvey acquisition
Norwegian subsea contractor Reach Subsea has completed the acquisition of an offshore survey company iSurvey.