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Outlook & Strategy

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An offshore rig and two boats
Outlook & Strategy

One condition down, several more to go for Trinity’s acquisition by Trinidadian player

After accepting a cash offer from Trinidad-headquartered Lease Operators, UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, is moving forward with the proposed merger.

about 2 years ago
UK firm plans recruitment drive following contract with Subsea7
Outlook & Strategy

UK firm plans recruitment drive following contract with Subsea7

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UK energy sector construction, maintenance & enhancement solutions player Global Energy Group is set to soon launch a recruitment drive to cover key fabrication operations at one of its facilities, following a new contract with Subsea7. Global Energy Group has been awarded another contract from Subs

about 2 years ago
Funding granted for offshore low-carbon hydrogen production project in Wales
Outlook & Strategy

Funding granted for offshore low-carbon hydrogen production project in Wales

Dolphyn Hydrogen, Celtic Sea Power, ORE Catapult and Wales and West Utilities have secured funding to deliver the Milford Haven: Hydrogen Kingdom (MH:HK) project.

about 2 years ago
BW LPG
Outlook & Strategy

BW LPG acquires dual-fuel and scrubber-fitted VLGCs from Avance Gas in $1 billion move

BW LPG has signed agreements to acquire 12 very large gas carriers (VLGCs), four of which are dual fuel, from Avance Gas.

about 2 years ago
Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project
Outlook & Strategy

Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project

Ørsted decided to cease the development of commercial-scale e-Methanol facility under construction, the FlagshipONE project in Sweden.

about 2 years ago
Viking Line
Outlook & Strategy

Viking Line to demonstrate Baltic Sea’s first green corridor

Viking Line revealed plans to run vessels serving the Turku route on liquefied biogas (LBG) for the first time.

about 2 years ago
David Mikal Knutsen and Carl Petter Lehne
Outlook & Strategy

Ocean Sun expands its leadership team to boost product development and operations

Norway-based floating solar company Ocean Sun has unveiled the addition of two new C-level executives to its leadership team.

about 2 years ago
Shell seeks to increase volume capacity at deepwater field thanks to water injection
Outlook & Strategy

Shell to increase volume capacity at deepwater field thanks to water injection

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken the final investment decision (FID) on a waterflood project at its U.S. Gulf of Mexico asset, which will enable water to be injected into the reservoir formation to displace additional oil. The Vito field, discovered

about 2 years ago
GAC Spain settles in Huelva to back shipping sector, hydrogen in spotlight
Outlook & Strategy

GAC Spain settles in Huelva to back shipping sector, hydrogen in spotlight

GAC Spain has opened a new office at the Port of Huelva to support the country’s shipping and energy industry, including hydrogen.

about 2 years ago
Gulf of Thailand field produces first oil
Outlook & Strategy

Gulf of Thailand development starts producing oil

Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result of an efficient drilling program that was carried out below budget. The first three of the seven development wells at the Nong Yao C develop

about 2 years ago
Red, white and yellow vessel at the sea.
Outlook & Strategy

DOF wins new long-term contract with Petrobras

Norwegian vessel owner DOF Group has secured a new long-term contract with Brazilian oil and gas giant, Petrobras, for its pipelay support vessel (PLSV), as well as an extension of the contract for the PLSV Skandi Açu.

about 2 years ago
Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling
Outlook & Strategy

Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling

Singapore’s Seatrium has delivered the fourth out of five jack-up rigs to UK-headquartered offshore drilling contractor Borr Drilling, a year ahead of the planned delivery date. Completed and delivered on an accelerated schedule, the rig named Vali is of KFELS Super B Class, capable of operating in

about 2 years ago
Partners to transform Norwegian Risavika into green ammonia hub
Outlook & Strategy

Partners to transform Norwegian Risavika into green ammonia hub

Iverson eFuels, Port of Stavanger, ASCO Norge and St1 have signed a partnership agreement to make green ammonia available in the Stavanger region of Norway.

about 2 years ago
Norwegian company reserves spot at new hydrogen hub at Porto do Açu
Outlook & Strategy

Norwegian company reserves spot at new hydrogen hub at Porto do Açu

Porto do Açu and Fuella signed the first area reservation contract for the newly licensed low-carbon hydrogen hub at the port complex.

about 2 years ago