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Bintulu LNG Complex in Sarawak; Source: Petronas
Business & Finance

With power loss incident sorted out, giant Asian LNG project back in operation

Following a power loss incident, Petronas has brought back online its flagship LNG complex at Bintulu, East Malaysia.

about 2 years ago
Illustration; Courtesy of Shell
Business & Finance

Shell takes stock of its net zero journey fueled by $5.6 billion investment in 2023

Shell has funneled $5.6 billion into its energy transition agenda last year while continuing to bankroll oil and gas projects.

about 2 years ago
MiFU onsite; Source: Adaptive Process Solutions (APS)
Business & Finance

UK firm’s new technology pans out in trials on North Sea FPSO

UK-based APS has conducted a field trial of its microbubble infusion unit (MiFU) technology, resulting in lower oil in water (OiW) levels.

about 2 years ago
GTT and Engie invest in gas handling technology developer
Business & Finance

GTT and Engie invest in gas handling technology developer

Investment funds of French companies GTT and Engie have taken part in a €4 million financing round to support the development of compatriot CryoCollect, an engineering company specialized in gas handling technologies for biomethane, carbon dioxide (CO2), and hydrogen.

about 2 years ago
Golden Pass LNG (GPX) export terminal; Source: Golden Pass LNG
Business & Finance

‘Lead contractor’ files for bankruptcy protection to tackle financial woes arising from $10 billion US LNG project

Zachry Holdings (ZHI) has initiated Chapter 11 process to address the financial challenges stemming from the Golden Pass LNG project.

about 2 years ago
'Dramatic energy savings' on the menu for one of Solstad's largest CSVs
Business & Finance

‘Dramatic energy savings’ on the menu for one of Solstad’s largest CSVs

One of the largest construction support vessels (CSVs) in Solstad Offshore’s fleet is set to receive an energy-efficient upgrade said to allow “dramatic energy savings”. Kongsberg Maritime has been appointed to upgrade the Normand Sentinel from AZP 120 CP mechanical thruster to RD-AZ2600 rim-drive a

about 2 years ago
HoT signing event; Source: Rosetta Energy
Business & Finance

Egyptian player rolls up its sleeves to assist in developing first LNG project in Tanzania

Rosetta Energy Solutions has signed an HoT agreement with Tanzania’s TPDC and Africa50 to develop Tanzania’s first small-scale LNG project.

about 2 years ago
Coral-Sul FLNG; Source: Eni
Business & Finance

ADNOC widens its global LNG arsenal by joining Eni’s Coral Sul FLNG project

ADNOC is burning the midnight oil to enlarge its liquefied natural gas (LNG) portfolio, as illustrated by its deal with Galp.

about 2 years ago
Asso.subsea comes on board Ireland’s first power connection with continental Europe
Business & Finance

Asso.subsea comes on board Ireland’s first power connection with continental Europe

Greece’s Asso.subsea has joined forces with French cable maker Nexans to perform subsea burial operations for what will become Ireland’s first power connection with continental Europe. The Celtic Interconnector spans 575 kilometers, constituting a high voltage direct current (HVDC) connection across

about 2 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling rig staying in Norway until Q3 2026 with eight new wells added to backlog

Equinor has prolonged the assignment of an Odfjell Drilling-owned semi-submersible rig by adding more wells to the rig’s backlog.

about 2 years ago
Nuada jack-up rig; Source: Dixstone
Business & Finance

Perenco: First offshore oil discovery in three decades springs up in Congo

Perenco has made an oil discovery during its drilling campaign off the coast of the Democratic Republic of Congo (DRC).

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Rig termination rigmarole: Dolphin Drilling seeks to discharge interim injunction in Nigeria and oppose court proceedings

Dolphin Drilling is preparing to set the wheels in motion to get rid of an interim injunction, which GHL secured for the firm’s semi-submersible rig.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Rig staying in Nigeria as court upholds interim order until arbitrator decides otherwise

A court hearing ended up keeping the previous interim injunction order in place, effectively stopping a rig from leaving Nigeria.

about 2 years ago
GermanyConstruction begins for €2.8 billion, first-ever energy link to UK
Business & Finance

Germany: Construction begins for €2.8 billion, first-ever energy link to UK

The main construction phase of the first-ever energy link between the UK and Germany has commenced on the German side of the project, ten months after work had begun in the UK. More than 80 guests from politics, business and authorities celebrated the official groundbreaking today, May 21, at the co

about 2 years ago
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