U.S. oil majors ExxonMobil and Chevron both returned to profit in the second quarter of the year driven by higher oil and gas prices.
Japan’s shipowner Nippon Yusen Kaisha (NYK) LIne has revealed that it issued its first transition bonds in the domestic market, becoming the first Japanese firm to do so.
The Petrofac-operated East Cendor field in Block PM304 located offshore Peninsular Malaysia has achieved its first oil production.
Welsh renewable energy developer Marine Power Systems (MPS) has received massive investment support in its ongoing crowdfunding campaign on Crowdcube which closes in five days.
Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.
French seismic firm CGG entered into an agreement with Topicus and Vela Software for the sale of its GeoSoftware business.
Xodus is assessing the infrastructure and modifications required to enable electrification of Harbour Energy’s Central North Sea assets.
PetroRio has been granted a royalty rate reduction for the Tubarão Martelo field in an effort to incentivise investment in revitalization.
Sembcorp Marine saw its profit and revenues dip in 1H2021 due to project delays and increased costs caused by the Covid-19 disruptions.
Norwegian containership owner MPC Container Ships ASA (MPCC) has entered into a three-year revolving credit facility agreement with U.S.-based financial holding company CIT Group at attractive terms.
Oil major Chevron has made leadership changes as it’s working on its lower carbon strategy amid an ongoing energy transition.
The European Investment Bank (EIB) and industry association Hydrogen Europe have signed an agreement for consultancy services for green hydrogen projects.
Turkey’s oil and gas company TPAO has successfully completed the first flow test of the Türkali-2 appraisal well in the Sakarya gas field located in the Black Sea.
The UK Parliament’s Welsh Affairs Committee has called for the development of a specific renewable energy strategy for Wales before the end of this year as failing to do so would put at risk the emerging economic opportunities offered by the shift to net-zero.
