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Swedish wave energy firm on the hunt for financial head
Business & Finance

After first phase of operations, CorPower Ocean’s wave energy device ‘proven at commercial scale’

CorPower Ocean’s C4 wave energy converter (WEC) has completed the first cycle of the ocean commissioning program at the Agucadoura site in northern Portugal. Now proven at commercial scale, at the exposed Atlantic test site, CorPower said that the C4 device had demonstrated a unique ability to tune

about 2 years ago
Remotely controlled well completion operation wraps up in Nigeria’s waters, Optime Subsea and SNEPCo
Business & Finance

Remotely controlled well completion operation wraps up in Nigeria’s waters

Shell Nigeria Exploratioration and Production Company (SNEPCo), a subsidiary of the UK-headquartered energy giant Shell, has completed the first remotely controlled well completion operation in 1,060-meter water depth offshore Nigeria. The operation, performed at the Bonga field, was conducted using

about 2 years ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business & Finance

TotalEnergies moving at full tilt to sanction giant oil project off Suriname by year-end

TotalEnergies is going full steam ahead with its plans to take a FID for a large oil project in Block 58 off Suriname by the end of 2024.

about 2 years ago
Increased charter rates and OSV demand lift Siem Offshore up
Business & Finance

Increased charter rates and OSV demand lift Siem Offshore up

Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support ve

about 2 years ago
Ivar Aasen platform; Source: Aker BP
Business & Finance

Green light for Aker BP to kick off production from North Sea field

Aker BP has received consent to start production from a field in the North Sea, which will be tied back to an existing platform off Norway.

about 2 years ago
Stena Evolution drillship; Source: Stena Drilling
Business & Finance

WATCH: Stena Drilling’s new drillship stops at South African port before its maiden gig with Shell

Stena Drilling has confirmed a short stay in a South African port for the newest drillship in its rig fleet.

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

Is rehearing on US LNG permitting freeze on the horizon?

The latest step being taken to overturn the U.S. LNG permitting freeze comes from the American Petroleum Institute (API).

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

New gas expansion project to magnify Qatar’s LNG production by nearly 85%

QatarEnergy has carried out extensive appraisal activities at its giant natural gas field, uplifting its gas reserves.

about 2 years ago
Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant
Business & Finance

Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant

Spanish energy major Cepsa and Bio-Oils, a subsidiary of Singapore’s Apical, have commenced construction of a second-generation (2G) biofuels plant in Southern Europe, which will produce sustainable aviation fuel (SAF), renewable diesel (HVO) and biogas. Biogas is a fundamental raw material for the

about 2 years ago
BP’s FPSO Tortue; Courtesy of BP
Business & Finance

Africa-bound FPSO going to BP’s massive gas project next quarter

FPSO destined for the biggest project in BP’s portfolio is slated to embark on its journey toward the project site in 2Q 2024.

about 2 years ago
CMA CGM
Business & Finance

CMA CGM gets green light from EC to acquire Bolloré Logistics

The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM.

about 2 years ago
After Sweden, Denmark ends investigation into Nord Stream pipeline explosions
Business & Finance

After Sweden, Denmark ends investigation into Nord Stream pipeline explosions

Denmark has ended its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022, becoming the second country to do so. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were foun

about 2 years ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

Serica comes on board North Sea oil project

Jersey Oil & Gas plc has wrapped up the sale of a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy (UK) Limited.

about 2 years ago
Licence 1/11 (Barryroe field); Source: Lansdowne
Business & Finance

Ireland facing arbitration over refusal to greenlight lease undertaking for oil & gas project due to ‘environmental dogma’

Lansdowne has set the wheels into motion to move forward with its Energy Charter Treaty (ECT) claim against Ireland.

about 2 years ago
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