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Rendering of Woodfibre LNG project; Source: Woodfibre LNG
Business & Finance

Bankrolling fossil fuels: 60 giant banks pick up the $7 trillion tab for coal, oil & gas

Report: Over 60 international banks have been keeping the fossil fuel players in business by footing the bill for their further expansion rather than cutting off the purse strings.

about 2 years ago
FPSO Liza Destiny working offshore Guyana; Source: Hess Corporation
Business & Finance

Hess shareholders back merger with Chevron despite arbitration over Guyana assets

Hess has secured the required approval from its shareholders for its proposed merger with Chevron, a compatriot energy giant.

about 2 years ago
CO2 injection test on schedule at license encompassing ‘UK’s largest depleted gas field’
Business & Finance

CO2 injection test on schedule at license encompassing ‘UK’s largest depleted gas field’

Preparations are currently underway for a CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses the “UK’s largest depleted gas field”. Perenco UK and Carbon Catalyst Limited secured a license to progress their Poseidon CCS project at the Leman gas fields

about 2 years ago
Noble Resilient jack-up rig; Source: Noble Corporation
Business & Finance

Noble rig finds more work in UK waters

Noble Corporation has landed a new assignment for one of its harsh environment jack-up rigs with Harbour Energy.

about 2 years ago
Rig move; Courtesy of ABL Group
Business & Finance

ONGC breaks its record with 45 rig moves completed ahead of monsoon season

Oil & Natural Gas Corporation (ONGC) has wrapped up 45 rig moves in preparation for the monsoon season with the help of ABL.

about 2 years ago
Malaysian oil & gas services provider performs 'Asia's first reverse S-lay'
Business & Finance

Malaysian oil & gas services provider performs ‘Asia’s first reverse S-lay’

Malaysian oil and gas services provider Sapura Energy has completed what it says is the first reverse S-lay pipeline operation in Asia. The company’s heavy-lift pipelaying vessel Sapura 1200 performed the reverse S-lay pipeline decommissioning technique in a pipeline removal campaign in Thailand. Sa

about 2 years ago
Bright yellow ocean energy device named Mocean Blue X
Business & Finance

EMEC sets forth ‘key’ goals for UK ocean energy growth ahead of 2024 general election

The Orkney-based European Marine Energy Centre (EMEC) has outlined a set of manifesto asks for the July 4, 2024, general election to unlock green growth opportunities in ocean energy arenas in the UK waters.

about 2 years ago
General cargo vessel turns into cable recovery vessel in Estonia (Video)
Business & Finance

General cargo vessel turns into cable recovery vessel in Estonia (Video)

An Estonian shipbuilding company has carried out the conversion of a general cargo vessel into a fully equipped cable recovery vessel at its premises in Tallinn. BLRT Repair Yards manufactured and installed five cable tanks in the cargo hold, each 8,200 mm high and 10,200 mm wide, weighing a total o

about 2 years ago
Ougarta LNG carrier; Source: Sonatrach
Business & Finance

Sonatrach hands over first LNG cargo to Croatia and seals natural gas deal with Slovenian firm

Sonatrach has strengthened natural gas ties with Slovenia, thanks to an agreement with Geoplin.

about 2 years ago
SPA signing ceremony; Source: Santos
Business & Finance

Santos pens ten-year LNG supply deal with Japanese firm

Santos has signed a binding multi-year LNG supply and purchase agreement (SPA) with Hokkaido Gas to provide LNG for the Hokkaido region.

about 2 years ago
FPSO Anna Nery; Source: Yinson
Business & Finance

Yinson Production refinances FPSO working on Petrobras’ revitalization project with 18.2-year bond

Yinson Production has placed $1.035 billion senior secured notes to refinance an FPSO working for Petrobras in Brazil.

about 2 years ago
Illustration; Source: JDR Cable Systems
Business & Finance

Interview with JDR: Spotlight on subsea cables’ starring role in oil & gas and renewable plays during transformation to greener energy mix

Subsea cables are expected to remain at the heart of further energy transition moves, according to JDR Cable Systems.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Business & Finance

UK’s $3.2 billion subsea electricity superhighway embarking on construction works this winter

A HVDC project, bringing more green electricity to Britain from offshore wind farms, is set to enter the construction phase in winter 2024.

about 2 years ago
Weathervane of Freedom on FSRU Independence; Source: KN Energies
Business & Finance

Lithuania’s FSRU marks its tin anniversary with folk art depicting energy independence road

Lithuania’s FSRU has been decorated with a traditional weathervane to mark ten years since the vessel docked at the Klaipėda LNG terminal.

about 2 years ago
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