Business & Finance
Worley gets contract renewal on Saudi Aramco’s offshore assets
Saudi Aramco has decided to extend its contract with Worley for the provision of optimisation services across its offshore assets.
3i to take full control of vessel provider Esvagt
Esvagt will be fully owned by 3i Infrastructure following the purchase of a 50% stake from co-investor AMP Capital for about $356 million.
Wood Mackenzie names ex-UN economist as head of carbon to spearhead energy transition services
Wood Mackenzie has appointed a previous UN economist as the head of its carbon team to help the firm’s customers navigate energy transition.
Siccar Point reviewing options after Shell abandons Cambo oil project
Siccar Point Energy has confirmed that Shell, its partner in the Cambo development, has taken the decision not to progress its investment.
TotalEnergies fires up another project offshore Angola
TotalEnergies has started production at the CLOV Phase 2, a project connected to the existing CLOV FPSO located in Block 17 offshore Angola.
Eco Wave Power widens interim loss
Swedish-Israeli wave energy company Eco Wave Power has posted a larger net loss for the first nine months of 2021, as compared to the same period a year earlier.
Hundreds of North Sea workers set to down tools to stop terms & conditions cuts
About 300 oil and gas workers in the UK North Sea are preparing to take strike action amid a dispute over terms and conditions cuts.
NKT Victoria pulls up at Ulstein Verft
Cable-laying vessel NKT Victoria is currently at Ulstein Verft for maintenance and a five-year classification.
Largest shipping lines hit “a whooping” $80 billion profit so far this year
The world’s largest shipping lines have made nearly USD 80bn in operating profit so far this year, a new report published by Sea Intelligence shows.
OMV books Maersk rig for HPHT well in North Sea
Maersk Drilling has secured a one-well contract with OMV (Norge) for a high-pressure, high-temperature exploration well off Norway.
Iran starts drilling ops in Persian Gulf in search of fresh reserves
POGC has started drilling operations in an attempt to find new hydrocarbon reserves at the South Pars gas field in the Persian Gulf.
Venture Global invests $10B in Louisiana’s new LNG export facility CP2 LNG
U.S. LNG export project developer Venture Global and Louisiana Governor John Bel Edwards announced the company will invest more than $10 billion to develop CP2 LNG, a fourth LNG export facility in Louisiana.
Vår Energi CEO now member of Norwegian Oil and Gas Association’s board
The CEO of Vår Energi has been appointed as one of the new board members of the Norwegian Oil and Gas Association (NOROG).
Gulf Island expands services business with $8 million worth takeover
Gulf Island has acquired the business assets and operations of DSS in a deal worth $8 million to grow and diversify its services business.