Business & Finance
Lukoil closes $435 million deal to enter shallow water blocks off Mexico
Russia’s Lukoil has acquired a 50 per cent operator interest in the Area 4 project through the acquisition of the operator’s holding company.
Mermaid’s new subsidiary targets Thai decommissioning activities
Subsea and offshore drilling services provider Mermaid Maritime has established an indirect wholly-owned subsidiary in Thailand focused primarily on offshore and onshore decommissioning.
After Shell, TotalEnergies also strikes oil in Namibia well with ‘very promising results’
TotalEnergies has made a significant oil discovery with associated gas on the Venus prospect, located offshore southern Namibia.
Subsea 7, FLASC get govt grant for offshore energy storage system
Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy
Eni kicks off production from Mexican field
Italian oil and gas company Eni has started the first production at its operated field off Mexico, using the FPSO Miamte.
Oil price soars past $100 mark as Russia-Ukraine crisis escalates
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV
Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.
TechnipFMC marks 2021 as ‘breakthrough year’ as it gets $6.7B in inbound orders
TechnipFMC has gathered over $6.7 billion in inbound orders in the financial year 2021, a 33.4% increase from the $5 billion in 2020, according to the company’s latest results. The company’s chair and CEO Doug Pferdehirt said that 2021 was a breakout year for TechnipFMc as the full-year adjusted EBI
EDP Renewables wraps acquisition of major Asian floating solar player
EDP Renewables (EDPR) has met all regulatory conditions to acquire a 91% stake in Sunseap, the largest distributed solar power operator and the fourth largest solar power operator in Southeast Asia.
GoodFuels to offer marine biofuel in Asia-Pacific
Dutch marine biofuels supplier GoodFuels has opened its office in Singapore to serve demand for sustainable marine biofuel in the Asia-Pacific region.
AET names first of two dual-fuel VLCCs built for TotalEnergies
AET has revealed and named the first of the two dual-fuel VLCCs built for a long-term charter with TotalEnergies.
Tellurian ends 2021 with smaller net loss
U.S. LNG project developer Tellurian ended 2021 with a loss of $114.7 million (28 cents per share), a lower net loss than in 2020, preparing to start construction of its Driftwood LNG export facility in April.
Ex-Noble Energy boss joins APA Corporation’s board
APA Corporation has appointed a former chairman and Chief Executive Officer (CEO) of Noble Energy to its board of directors.
Wheels are in motion for Rosebank oil project off Shetland
Wheels are in motion for the Equinor-operated Rosebank project located West of Shetland, one of the largest undeveloped fields on the UKCS.