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Sintana Energy
Business Developments & Projects

Canadian oil & gas firm widens its footprint in Namibia’s prolific Orange Basin

Sintana Energy is entering a new license offshore Namibia, thanks to a deal with Crown Energy for the acquisition of a stake in Giraffe Energy.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Business Developments & Projects

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
UK and Germany strengthen hydrogen ties
Business Developments & Projects

UK and Germany strengthen hydrogen ties

UK’s PM Rishi Sunak and German Chancellor Olaf Scholz have agreed on a feasibility study for hydrogen exports from the UK to Germany.

about 2 years ago
FSO Palanca; Source Stapem Offshore
Business Developments & Projects

Seal of approval for UK oil & gas firm to expand its stake in Angolan offshore blocks

Afentra plc has received the Angolan government’s blessing for its acquisition of additional interest in two blocks off the coast of Angola.

about 2 years ago
Nkossa oil field off the coast of Congo; Credit: TotalEnergies
Business Developments & Projects

UK firm steps into Congo’s oil & gas offshore arena through deals with Chevron and TotalEnergies

Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with Chevron and TotalEnergies.

about 2 years ago
Everfuel’s HySynergy start-up postponed for second half of 2024
Business Developments & Projects

Everfuel’s HySynergy start-up postponed for second half of 2024

Everfuel has announced a delay in the commissioning of HySynergy 1, its 20 MW green hydrogen production plant in Fredericia, Denmark.

about 2 years ago
Congo FLNG; Source: Eni
Business Developments & Projects

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
Illustration; Source: Peru LNG
Business Developments & Projects

New partner joins South America’s inaugural LNG export facility

EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).

about 2 years ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping welcomes first plug-in hybrid newbuild in Sweden, unveils names of remaining units

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, said that its first plug-in hybrid newbuilding Electramar reached the Baltic Sea, marking the end of a long voyage from India around the Cape of Good Hope to Europe.

about 2 years ago
'Good start' to 2024 for Nexans with record subsea-driven backlog
Business Developments & Projects

‘Good start’ to 2024 for Nexans with record subsea-driven backlog

Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne

about 2 years ago
Maintenance checks on recently commissioned S-938 well; Source: Heritage
Business Developments & Projects

Start-up of another well boosts Trinidad and Tobago’s oil production

Heritage Petroleum Company Limited (Heritage) has brought on stream a new oil well off the coast of Trinidad and Tobago.

about 2 years ago
Hydrogen industry in Canada receives $57 million boost
Business Developments & Projects

Hydrogen industry in Canada receives $57 million boost

The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.

about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Business Developments & Projects

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
Dorado drillship; Source: Pelago Management
Business Developments & Projects

Drillship reaches its destination to await its inaugural drilling assignment

A newbuild ultra-deepwater drillship, acquired by Eldorado Drilling, has arrived in Malaysia, where it will stay until it secures its maiden drilling job.

about 2 years ago
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