Business & Finance
Platts: Asia-Pacific LNG shipping rates surge to all-time high
According to Platts, Asia-Pacific LNG shipping day rates have reached an all-time high of around $300,000 a day for a standard LNG carrier due to winter demand.
Norway’s October oil output rises above predictions
Norway’s oil production in October 2021 exceeded the NPD’s predictions by 2.8 per cent, while the gas output also experienced a boost compared to September.
Ashtead Technology to begin trading on London stock exchange
Ashtead Technology is set to begin publicly trading on the London Stock Exchange’s Alternative Investment Market (AIM) on 23 November with support from new institutional investors.
Gasum closes Risavika LNG sale with NSMP
The Nordic energy company Gasum has closed the divestment of Risavika LNG, its LNG liquefaction plant in Norway, to North Sea Midstream Partners (NSMP) on 16 November.
Petrobras discovers hydrocarbons in latest Santos Basin well
Brazilian Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block.
Ithaca Energy hires Solstad vessel for North Sea ops
Norwegian offshore vessel owner Solstad Offshore has inked a contract for one of its vessels with Ithaca Energy for operations in the North Sea.
Maersk issues 1st green bond to finance methanol-powered newbuilds
Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol.
TechnipFMC and Petronas team up in pursuit to cut emissions
TechnipFMC and Petronas entered into an agreement to commercialise a natural gas processing membrane that reduces greenhouse gas emissions.
Tanjung Offshore scores Malaysian deals with Petronas and PTTEP
Tanjung Offshore has received letters of award worth around $36 million in total from Petronas and PTTEP for work in Malaysia.
Turkey now boasts a fleet of four rigs as ex-Vantage drillship finally finds home
Turkey’s oil and gas giant TPAO has added another deepwater drillship to its fleet of drilling rigs, which are working in the Black Sea.
ExxonMobil takes Stena drillship for Canadian well
Offshore drilling contractor Stena Drilling has signed a contract for one of its drillships with ExxonMobil in Canada.
McDermott lands another Ichthys contract
McDermott has won an EPC project after completing FEED services for a booster compression module for Inpex’s Ichthys LNG project.
Statnett’s record revenues from interconnectors to reduce grid tariffs
Statnett has reported record revenue of nearly NOK 3 billion (around $331.8 million) so far from interconnectors to other countries which will be passed on to Norwegian consumers through a reduction in grid tariffs.
Active fleet steers Subsea 7 quarterly figures forward
Subsea 7 has reported a revenue of $1.45 billion for the third quarter of 2021, up 53% year-on-year, said to be driven by the very high utilization of the active fleet.