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Business & Finance

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Northern Lights carbon storage and transport project in Norway (for illustration purposes); Source: Equinor
Business & Finance

EU’s exit from embattled fossil fuel-loving treaty in the home stretch: New dawn breaking over 20-year sunset clause

The final push toward withdrawal the EU has taken to severe its Energy Charter Treaty (ECT) ties in a year is perceived as the right path to unleashing its green agenda.

about 2 years ago
Illustration; Source: Westwood
Business & Finance

Embracing key tools to navigate overlapping oil & gas, offshore wind, and carbon storage areas

Co-location conflicts between oil and gas projects, offshore wind farm developments, and carbon capture and storage (CCS) undertakings have emerged as an issue in the United Kingdom (UK).

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian duo ticks set of requirements off pre-merger docket

Brazil’s Enauta and its compatriot player 3R Petroleum have fulfilled two additional conditions for their proposed merger.

about 2 years ago
Illustration; Credit: Oyvind Gravas Bo B Randulff/Equinor
Business & Finance

Equinor prolongs Archer’s North Sea assignment for 24 months

Oil services company Archer has won a two-year contract extension with Norwegian state-owned energy giant Equinor in the North Sea.

about 2 years ago
'No transition without transmission' as Europe needs at least 5 new electricity corridors, CEO of Greek TSO says
Business & Finance

‘No transition without transmission’ as Europe needs at least 5 new electricity corridors, CEO of Greek TSO says

“There can be no transition without transmission,” Manos Manousakis, Chairman and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO), said at the General Assembly of the European Network of Transmission System Operators for Electricity (ENTSO-E), highlighting the i

about 2 years ago
Port Arthur LNG Phase 2; Source: Sempra
Business & Finance

Aramco ups gas game with US project in hot pursuit of shoo-in to global LNG club’s kingpins

Aramco is working with Sempra to get equity and offtake from a planned natural gas liquefaction and export terminal expansion project in Southeast Texas.

about 2 years ago
Venture Gator LNG carrier; Source: Venture Global LNG
Business & Finance

First of nine ships built to haul US LNG around the globe hits the water while light turns green for Venture Global’s third export facility

Venture Global has launched the first of nine LNG carriers that form part of its fleet designed to transport LNG.

about 2 years ago
Oceaneering vessels booked for Gulf of Mexico under four new contracts
Business & Finance

Oceaneering vessels booked for Gulf of Mexico under four new contracts

A week after it was hired to deliver an electro-hydraulic, steel tube dynamic umbilical for an energy project in the Gulf of Mexico, U.S. subsea engineering and applied technology player Oceaneering has secured multiple contracts for vessel services in the region. Oceaneering’s Offshore Projects Gro

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

Chinese energy heavyweight flips the production switch on at oil project

Chinese state-owned oil and gas giant CNOOC has put an oilfield development project in production mode in the South China Sea.

about 2 years ago
SLB OneSubsea's new contract takes it to Equinor's all-electric subsea project
Business & Finance

SLB OneSubsea’s new contract takes it to Equinor’s all-electric subsea project

SLB has secured a contract with Norwegian state-owned energy giant Equinor under which it is set to deliver the front-end engineering design (FEED) for an all-electric subsea project in Norway’s waters. As part of the agreement, SLB will deliver the FEED of a 12-well, all-electric subsea production

about 2 years ago
Deepsea Bollsta rig, formerly known as West Bollsta; Source: Odfjell Drilling
Business & Finance

More drilling work in Namibia: Rig’s Shell gig done but another one pops up

Northern Ocean has found a new assignment off the coast of Namibia for a semi-submersible rig, which recently finished its job with Shell.

about 2 years ago
Argus launches low-carbon ammonia benchmark to assist trading
Business & Finance

Argus launches low-carbon ammonia benchmark to assist trading

Argus has launched a Japan Korea Low-Carbon Ammonia Benchmark (JKLAB) to assist companies trading low-carbon hydrogen products distributed to markets in Northeast Asia.

about 2 years ago
Greater Laggan Area; Source: TotalEnergies
Business & Finance

British conglomerate swoops up TotalEnergies’ West of Shetland gas assets bundle

TotalEnergies has decided to put several gas fields and associated infrastructure up for sale to optimize its portfolio and direct its attention to its core business.

about 2 years ago
MOL
Business & Finance

MOL invests in all-electric seagliders

MOL Switch, a US-based corporate venture capital firm that is part of Japanese shipping company Mitsui O.S.K. Lines (MOL), has decided to invest in REGENT Craft, a US company developing all-electric seagliders.

about 2 years ago
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