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Business & Finance

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Vessel anchored at a port next to an industrial complex onshore
Business & Finance

100th LNG cargo comes at one German terminal as dredging work kicks off at another

Germany’s state-owned operator Deutsche Energy Terminal (DET) has received its 100th liquefied natural gas (LNG) shipment at one of the four LNG terminals it operates in the country. Additionally, it started dredging activities in preparation for the commissioning stage of a floating storage regasif

about 2 years ago
Shell's Gulf of Mexico platform; Source: Shell
Business & Finance

Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024.

22 minutes read
Illustration; Source: McDermott
Business & Finance

McDermott calling the shots at Shell’s mega gas project offshore Trinidad and Tobago

McDermott is in charge of work at Shell’s undeveloped natural gas project off the coast of Trinidad and Tobago.

about 2 years ago
Offshore gas installation surrounded by water
Business & Finance

African country hit with $1.2 billion claim as Orca Energy embarks on legal fight over breach of gas contracts

Orca Energy intends, through its subsidiaries, to kick off arbitration proceedings against the country’s government and a state-owned company for alleged violations of several agreements related to a gas field in Tanzanian waters, if no agreement is reached within the timelines the firm has set to t

about 2 years ago
Australian player looking to launch fully operational CCS project by early 2030s
Business & Finance

Australian player looking to launch fully operational CCS project by early 2030s

Perth-headquartered InCapture has secured a permit for a carbon capture and storage (CCS) assessment project on the North West Shelf in Australia, aiming to launch a fully operational CCS project by the early 2030s. The greenhouse gas assessment (GHG) permit G-15-AP spans an area of over 6,500 km2 a

about 2 years ago
PEL 94 offshore Namibia; Source: Global Petroleum
Business & Finance

Talks underway with potential partner to sign up for exploitation of oil prospect offshore Namibia

Global Petroleum has engaged in discussions to secure a farm-in agreement with an undisclosed potential operating partner for PEL 94 offshore Namibia.

about 2 years ago
MSC returns to Chinese shipyard with new order for 12 LNG-powered boxships
Business & Finance

MSC returns to Chinese shipyard with new order for 12 LNG-powered boxships

MSC has awarded Zhoushan Changhong International Shipbuilding a fresh contract to construct twelve 19,000 TEU LNG dual-fuel containerships.

about 2 years ago
Dragon LNG
Business & Finance

LNG-breathing Dragon flaps its wings in welcome as Shell’s new Dutch partner comes aboard UK gas project

VTTI has joined Shell in Dragon LNG, a major import terminal for the supply of liquefied natural gas (LNG) to the United Kingdom market.

about 2 years ago
Giant Heerema vessel installs offshore wind-powered gas platform in North Sea
Business & Finance

Giant Heerema vessel installs offshore wind-powered gas platform in North Sea

Heerema Marine Contractors has completed the installation of a gas platform in the North Sea that is set to be powered by offshore wind as part of a project operated by Dutch exploration and production player ONE-Dyas. Following the discovery of the N05-A field in August 2017, ONE-Dyas secured the f

about 2 years ago
H2Terminals inks MoU on insurance solutions for green hydrogen shipping
Business & Finance

H2Terminals inks MoU on insurance solutions for green hydrogen shipping

H2Terminals and the London P&I Club have signed a memorandum of understanding (MoU) under which the two parties will cooperate to evaluate and develop insurance solutions for the shipping of green hydrogen.

about 2 years ago
Nauticus' underwater robot to undergo development testing in Florida
Business & Finance

Nauticus’ underwater robot to undergo development testing in Florida

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has entered into a partnership with Florida Atlantic University (FAU) for the further testing of its flagship underwater vehicle Aquanaut Mark 2. The partners will perform vehicle development testing in protecte

about 2 years ago
Odfjell Drilling-managed semi-sub rig stays with TotalEnergies in Africa
Business & Finance

Odfjell Drilling-managed semi-sub rig stays with TotalEnergies in Africa

French oil major TotalEnergies has awarded offshore drilling contractor Northern Ocean with another contract extension for one of its semi-submersible rigs for continued work in Africa. TotalEnergies hired the Deepsea Mira rig on a multi-country drilling contract in December 2022 and exercised the f

about 2 years ago
Two workers with a rig in the background at sunset
Business & Finance

Petronas closing shop in South Sudan

Petronas Carigali Nile Limited (PCNL) is withdrawing from the Republic of South Sudan as part of its long-term investment plan.

about 2 years ago
HIF Global’s eFuels portfolio receives $36 million boost from JOGMEC
Business & Finance

HIF Global’s eFuels portfolio receives $36 million boost from JOGMEC

HIF Global has announced a $36 million equity investment by JOGMEC to expand ts eFuels projects in the U.S., Australia, Chile, and Uruguay.

about 2 years ago
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