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ConocoPhillips' Torr II project in the North Sea
Business & Finance

ConocoPhillips gets start-up consent for North Sea redevelopment

Oil major ConocoPhillips has secured consent to start up the Tor II field facilities located in the North Sea offshore Norway.

about 6 years ago
Arnaud Pieton, TechnipFMC President Subsea
Business & Finance

TechnipFMC wins Payara subsea deal with ExxonMobil

TechnipFMC has won a ‘large’ subsea contract from ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara project. TechnipFMC will manufacture and deliver the subsea production system. The deal includes 41 enhanced vertical deep water trees and associated

about 6 years ago
Liza Destiny FPSO is already producing offshore Guyana.
Business & Finance

ExxonMobil sanctions third development in Stabroek block off Guyana

ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals.

about 6 years ago
West Hercules rig - Equinor
Business & Finance

Equinor gearing up to drill North Sea wells

Equinor has received consent from the country’s offshore safety regulator for exploration drilling in the North Sea using the West Hercules rig.

about 6 years ago
ATB tug
Business & Finance

Bouchard Transportation files for Chapter 11

US petroleum barge company Bouchard Transportation has filed voluntary petitions to restructure under chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas. Bouchard intends to fund the chapter 11 process with debtor-in-possession financing to mai

about 6 years ago
Centrica inks long-term LNG supply deal with Shenergy
Business & Finance

Centrica inks long-term LNG supply deal with Shenergy

Centrica plc, a global energy and services company, has announced the signing of a long-term LNG supply deal with Shenergy Group Company Limited (Shenergy). According to the release, Centrica agreed a binding 15-year Sales and Purchase Agreement (SPA) to supply 0.5 million tonnes per annum (MTPA) of

about 6 years ago
Johan Sverdrup field
Business & Finance

Equinor’s giant offshore field hit by strike action following wage talks fail

The strike affects one of the largest Norwegian offshore fields – the Johan Sverdrup – which is operated by Equinor.

about 6 years ago
Husky completes commissioning at Chinese offshore project with first gas slated for November
Business & Finance

Husky completes commissioning at Chinese offshore project with first gas slated for November

Canadian energy player Husky Energy has completed the commissioning at the third field at the Liwan Gas Project located offshore China.

about 6 years ago
Six One Commodities expands footprint to Europe
Business & Finance

Six One Commodities expands footprint to Europe

Six One Commodities LLC (61C) today announced that it is expanding its power and gas business to Europe with the addition of a power team out of Berlin lead by Ingo Klause. Mr. Klause has over 20 years of experience in the CWE region for power trading. He worked for the Swedish utility Vattenfall ac

about 6 years ago
Atlantis tidal turbine illustration
Business & Finance

Atlantis slashes losses; Meygen clocks in 33GWh

UK-based Simec Atlantis Energy has seen its loss cut almost by half for the six months ended 30 June 2020. The company booked overall loss before tax of £6.1 million against the loss of £11.8 million same time last year. This improvement is largely attributable to strong revenue contributions genera

about 6 years ago
Shell CEO Ben Van Beurden
Business & Finance

Shell plans to cut up to 9,000 jobs

Oil major Shell has confirmed plans to cut between 7,000 and 9,000 jobs in a push to save up to $2.5 billion by 2022.

about 6 years ago
Australias-First-Offshore-Wind-Project-Setting-Up-Community-Advisory-Group
Business & Finance

Australia’s first offshore wind project setting up community advisory group

Star of the South Wind Farm is establishing a community advisory group for what is to be Australia’s first offshore wind farm. The advisory group will be set up with people from across Gippsland in order to share information, answer questions and seek local advice as planning of the project continue

about 6 years ago
Aerial view of Stag Facility - Jadestone
Business & Finance

Jadestone files environment plan for new offtake model at Stag field

Jadestone Energy has filed a revision of its environment plan for operations at the Stag field, located offshore Australia, to the Australian authorities.

about 6 years ago
The Mega Jack 5200 system was used to jack up the living quarters module to a height of 18m. Source: Mammoet
Business & Finance

Mammoet wraps up ‘the heaviest of its type’ load-out job for gas project in Vietnam

Dutch heavy lifting and transport provider Mammoet has performed a load-out operation for a gas project offshore Vietnam, stating it was the heaviest load-out operation of its type in the country.

about 6 years ago
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