Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year. This enables the Brazilian player to make a lump sum payment as a final settlement.
Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s production to exceed 400,000 barrels of oil equivalent per day (kboepd).
South Korea’s HD Hyundai Marine Solution, a marine solutions provider operating under HD Hyundai, has deployed its AI-powered route optimization system on board domestic commercial vessels for the ‘first time ever’, aiming to slash fuel consumption and harmful emissions. According to HD Hyundai Mari
After hitting the brakes on the planned activities at a giant natural gas field expansion project off the coast of Israel as a result of the Israel-Gaza war in the Middle East, Chevron Mediterranean, a subsidiary of the U.S.-headquartered Chevron, has penciled in the end of the works on a third subs
NOPSEMA has accepted an environment plan (EP) for drilling and plug-and-abandon (P&A) activities offshore Australia submitted by Beach Energy (Operations) Limited, a subsidiary of the country’s oil and gas player Beach Energy.
Scotland’s tidal stream and wave energy sector could generate over £8 billion (almost $10 billion) in economic benefits and create more than 15,000 jobs by 2050 if the country retains its leadership position in the field, University of Edinburgh’s (UoE) new report reveals. Published by the UoE and c
Renewable energy company SwitcH2 has welcomed a new shareholder on track to finalize the design of its 300 MW offshore floating ammonia project.
As Harbour Energy plans to head for the exit, the AIM-listed Synergia Energy is going on the hunt for another partner that will join its carbon capture and storage (CCS) project in the UK sector of the North Sea.
Malaysia’s biofuel producer BAC Renewable Energy (BAC RE) has signed a memorandum of agreement (MOA) with compatriot terminal operator TLP Terminal and Singapore-based bulk liquid storage services provider Dovechem Group to develop a bio-LNG and biomethanol hub.
Equinor has secured a drilling permit with Norway’s authorities to drill an exploration well in the Barents Sea with one of Transocean’s semi-submersible rigs.
South Korea-based HJ Shipbuilding & Construction (HJSC) has clinched its inaugural order this year for an 18,000 cbm liquefied natural gas (LNG) bunkering vessel for compatriot shipping player H-Line Shipping. It is understood that the contract is worth KRW 127.1 billion (about $87.47 million). As d
A Call for Interest in the H2Med project – the first European major hydrogen corridor – has delivered “strong outcomes” and confirmed H2Med’s role in achieving Europe’s decarbonization and deindustrialization objectives, the project promoters revealed.
Denmark-based engineering company Eltronic FuelTech has completed the delivery of the ‘world’s first’ 2.5-inch fuel valve train (FVT)-MeOH, designed for the CPGC-MAN12G95ME-C10.5-LGIM engine — the largest methanol dual-fuel main engine built in China.
Tullow Oil, an independent energy company with operations in West Africa, has signed a partnership agreement with Opsealog, a France-headquartered provider of maritime digitalization and fleet performance management solutions to digitalize its marine operations in Ghana.
