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One of Shell-managed LNG carriers; Source: Shell
Business & Finance

Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

about 2 years ago
Offshore oil rigs in Southern California; Credit: Drew Bird Photography
Business & Finance

California teetering on the brink of ending offshore oil drilling, as bill triumphs over first legislative snag

Senator Dave Min’s bill to stop offshore oil drilling in California’s waters has now passed its first major legislative hurdle.

about 2 years ago
UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future
Business & Finance

UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future

A geophysical survey is currently underway at a new proposed HVDC interconnector in the UK that will reinforce the electricity network between Suffolk and Kent, contributing to the UK’s 2050 net-zero goal. The 2 GW Sea Link, developed by National Grid Electricity Transmission (NGET), will be approxi

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

Woodside contributes to Australia’s gas strategy consultation to tackle offshore regulatory gridlock

The Australian government’s consultation paper aims to come to grips with a brewing cauldron of uncertainty surrounding the offshore regulatory approvals system.

about 2 years ago
Carnegie’s MoorPower demonstration project begins operating
Business & Finance

Carnegie’s MoorPower demonstrator begins operating

Carnegie Clean Energy’s MoorPower demonstration project has started operating at the offshore test site in North Fremantle, Western Australia. The technology is expected to reduce the requirement for fossil fuels, reduce carbon emissions, reduce risk and drive down cost. The MoorPower Demonstrator d

about 2 years ago
Murray Auchincloss, BP' new CEO; Source: BP
Business & Finance

Following ‘highly competitive’ search, interim CEO becomes BP’s new boss

BP has decided to move its interim Chief Executive Officer (CEO) to the CEO role, after undertaking a quest to find someone to fill this position.

about 2 years ago
TechnipFMC and BP extend long-standing relationship with new contract
Business & Finance

TechnipFMC and BP extend long-standing relationship with new contract

TechnipFMC has secured a contract that it describes as “significant” to deliver subsea services for BP in the Gulf of Mexico. TechnipFMC has been awarded a contract by BP for its Argos Southwest Extension project in the Mad Dog field, under which it will install pipe and an umbilical, tying back thr

about 2 years ago
Spanish logistics company secures 50% stake in ammonia terminal in US
Business & Finance

Spanish logistics company secures 50% stake in ammonia terminal in US

Spanish logistics company for liquid products Exolum has completed the acquisition of a 50% interest in Vopak Moda Houston (VMH), an ammonia storage, import and export terminal located on the Houston Ship Channel, from U.S. Moda Midstream. The operation took place after obtaining approval from the c

about 2 years ago
Illustration; Credit: Lone Stormoen/Equinor
Business & Finance

Norway presents 24 players with 62 oil & gas licenses amid ‘great interest’

Norway’s Ministry of Petroleum and Energy has offered 62 production licenses to 24 companies for further exploration activity on the NCS.

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

Shell offloads its Nigerian onshore business to focus on deepwater and integrated gas

Following the divestment, the oil major plans to turn all its attention to deepwater and integrated gas businesses in Nigeria.

about 2 years ago
Mexico Pacific and ExxonMobil sign additional LNG offtake agreement
Business & Finance

Mexico Pacific and ExxonMobil sign additional LNG offtake agreement

LNG project developer Mexico Pacific has signed a third long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific for an additional 1.2 million tonnes per annum (mtpa) of LNG from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico. With this a

about 2 years ago
FPSO Adolo; Source: BW Energy
Business & Finance

British player gets work on two BW Offshore FPSOs in UK and Gabon

THREE60 Energy has landed two contract wins with BW Offshore for engineering, procurement, construction, and commissioning (EPCC) services.

about 2 years ago
McDermott comes on board Malaysia’s first carbon capture and storage project
Business & Finance

McDermott comes on board Malaysia’s first carbon capture and storage project

McDermott has secured an offshore contract from Malaysia Marine and Heavy Engineering (MMHE) for the first carbon capture and storage (CCS) project located offshore Malaysia. Under the scope of the contract, McDermott will perform transportation and the structural installation of a 138-kilometer pip

about 2 years ago
Strohm's first TCP Jumper in West Africa installed for TotalEnergies
Business & Finance

Strohm’s first TCP Jumper in West Africa installed for TotalEnergies

Dutch thermoplastic composite pipe (TCP) producer Strohm has supplied its first TCP Jumper in West Africa for French energy giant TotalEnergies. Strohm has supplied TotalEnergies with a TCP Jumper commissioned in the Egina field in the deep water of 1,600 meters in Nigeria. The installation followed

about 2 years ago
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