Business & Finance
No oil for Shell in North Sea well
Oil major Shell has failed to find hydrocarbons following the drilling of an exploration well located in the UK North Sea.
Shell sorry for buying Russian crude, pledges to withdraw from all Russian oil & gas
Shell has apologised for buying a cargo of Russian crude oil, a decision which was made with the security of supplies in mind.
Ramform Titan makes pit stop before Gulf of Mexico seismic job
Petroleum Geo-Services’ (PGS) seismic vessel Ramform Titan has made its first-ever U.S. port call ahead of a survey project in the Gulf of Mexico. Ramform Titan entered Galveston at the end of February, marking the first-ever visit of a Titan-class vessel to a U.S. port, to mobilize for a 4D survey
Valaris reactivating four stacked rigs for return to market – video
Valaris has shared a video update, detailing its progress in reactivating four stacked rigs ahead of their return to the market.
CoolCo buys first of eight LNG tankers from Golar
Cool Company (CoolCo) has purchased the first of the eight modern LNG tankers from Bermuda-based LNG shipper Golar LNG.
Havila bags new deals for three vessels
Norwegian offshore vessel owner Havila Shipping has inked new contracts for three vessels for operations with different operators.
NREL’s wave-powered desalination device hits the water
Researchers from the U.S. National Renewable Energy Laboratory (NREL) have deployed the HERO wave-powered desalination test device offshore North Carolina and anchored it to the nearby seabed, marking the start of ocean trials. With help from the Coastal Studies Institute, NREL deployed the hydrauli
Chinese partner paying over $2 bln to Petrobras for more interest in Brazilian field
CNOOC has sealed a deal with Petrobras, which will allow it to acquire an additional interest in the Búzios field, located offshore Brazil.
Japan Bank joins Hy24-managed Clean H2 Infra Fund
The Japan Bank for International Cooperation (JBIC) signed an agreement for equity participation in the Clean H2 Infra Fund of France, managed by Hy24.
Hellenic Cables to connect several Greek islands
Greece’s Hellenic Cables has secured a contract with the Hellenic Electricity Distribution Network Operator (HEDNO) to undertake the implementation of several new interconnections between islands. As the main contractor, Hellenic Cables is in charge of the production and supply of submarine cables,
Gulf Island names successor as current chairman heads out
Gulf Island has revealed the name of its new chairman of the board, who will take over after its current one retires at the end of his term.
Canada stalls decision on giant new oil project while environmentalists call for rejection and shift to wind
The ever-widening chasm between the oil and gas industry and environmentalists is evident in this as well as other new oil projects, think of Cambo in the UK, as each group holds a vastly different opinion on the effects that this project development would have within the context of the energy trans
Post-merger with Aker BP, Lundin Energy leaving behind oil & gas business to focus on renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will leave behind renewable energy assets.
Plexus to suspend activities with Russian licensee
Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its Russian licensee Gusar until further notice as a result of the ongoing situation in Ukraine. Plexus has a license agreement with Gusar under which the Russian company is able to supply the Russian and CIS