Business & Finance
BP brings field offshore Angola on stream
BP has started production at the Platina field, located in the Angolan offshore, approximately 140 kilometres northeast of Luanda.
Seadrill to bag $549 million for Petrobras contracts in Brazil
Seadrill has been awarded two contracts worth $549 million by Petrobras for the work on the Búzios field offshore Brazil.
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Soaring oil & gas demand to catapult well intervention over $14 billion by 2031, Fact.MR says
Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields.
Denmark grants funds for Crestwing’s wave energy device optimisation
The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
€420M green shipping fund launched in the Netherlands
Amsterdam-based sustainable investment management company Prow Capital has launched a €420 million (about $474 million) green shipping fund.
Liquid Wind secures $16.9M for eMethanol facility
Swedish power-to-fuel developer Liquid Wind has received €15 million ($16.9 million) for its FlagshipONE eMethanol fuel-producing facility from Swedish Climate Leap.
EIB’s €200M loan to boost Nexans’ role in energy transition
The European Investment Bank (EIB) has granted a €200 million loan facility to Nexans to support its role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030.
Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
Trinity reveals farm-down goals after getting green light for field development plan off Trinidad
Trinity has disclosed its farm-down plans, following the MEEI’s approval of its FDP for the Galeota project, off the East Coast of Trinidad.
World’s first multi-megawatt wind and wave energy hybrid secures test site
Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its 5MW hybrid floating wind and wave energy platform off the coast of Gran Canaria.
Lekoil appoints three Nigerian nationals and industry veterans to its board
Lekoil has added three Nigerian nationals with extensive experience in the energy industry to its board of directors.
Offshore regulator probes into Equinor’s management system for materials, lifting equipment & ops
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.