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Signing ceremony for the joint study agreement; Source: PTTEP
Business & Finance

PTTEP and Inpex to look into carbon storage potential in Gulf of Thailand

PTTEP is ready to pool resources with Japan’s Inpex to undertake a study on carbon storage potential in the Northern Gulf of Thailand.

about 2 years ago
Iain Lewis, Ithaca's Interim CEO; Source: Ithaca Energy
Business & Finance

As its CEO steps down, Ithaca picks interim one

Ithaca Energy has decided to appoint an interim Chief Executive Officer (CEO) until its search for a new one can be completed, following the resignation of its current CEO.

about 2 years ago
The entire energy transition needs metals increasingly, says Allseas' Pieter Heerema
Business & Finance

The entire energy transition needs metals increasingly, says Allseas’ Pieter Heerema

To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?

Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?

about 2 years ago
Lerwick Harbour
Business & Finance

Britain’s port becoming ‘main’ marine support hub for development of giant oil & gas field

Lerwick Harbour, situated at the crossroads of the North Sea and North-east Atlantic, has been tasked with servicing Equinor’s first development phase of a controversial oil and gas field located on the UK Continental Shelf (UKCS).

about 2 years ago
First DC connection between Europe and North Africa gets €45 million from EIB
Business & Finance

First DC connection between Europe and North Africa gets €45 million from EIB

Elmed, set to become the first direct current (DC) connection between Europe and North Africa, has secured €45 million in funding from the European Investment Bank (EIB). The €921 million project concerns the implementation of an HVDC link interconnecting Tunisia and Italy across the Strait of Sicil

about 2 years ago
Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says
Business & Finance

Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says

Tidal energy has the potential to provide 11.5 GW to the UK energy system, 11% of the UK’s electricity demand, and tidal stream projects could contribute up to £17 billion to the UK economy by 2050, according to Offshore Renewable Energy (ORE) Catapult and Imperial College London (ICL). In 2022, ORE

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

Petronas continuing oil & gas ops at Java Sea field for 20 more years

Petronas has tucked a 20-year extension under its belt for a production sharing contract (PSC) related to an oil and gas field in the Java Sea.

about 2 years ago
Who Dat; Source: Delmar
Business & Finance

Oil & gas acquisition worth $720 million opens Gulf of Mexico doors for Australian firm

Karoon Energy has closed a $720 million acquisition, adding stakes in oil and gas fields offshore Louisiana to its asset portfolio.

about 2 years ago
TechnipFMC wins contract with Petrobras worth over $1 billion
Business & Finance

TechnipFMC wins contract with Petrobras worth over $1 billion

TechnipFMC has secured a “major” integrated engineering, procurement, construction, and installation (iEPCI) contract with Brazilian state-owned oil and gas giant Petrobras for a project offshore Brazil. TechnipFMC reported it had won the contract to deliver the Mero 3 HISEP project which uses subse

about 2 years ago
Norwegian Offshore Directorate
Business & Finance

With more responsibilities on its plate, Norwegian Petroleum Directorate gets new name

The Norwegian Petroleum Directorate (NPD) has changed its name to the Norwegian Offshore Directorate (NOD).

about 2 years ago
Illustration. Source: Deltic Energy
Business & Finance

UK firm cheers certification of its carbon neutral status

Deltic Energy has been certified as a carbon neutral business by Carbon Neutral Britain. This certification will require renewal on an annual basis.

about 2 years ago
Dyna-Mac's West yard in Singapore; Source: Dyna-Mac
Business & Finance

New acquisition bringing more fabrication capacity to Dyna-Mac’s table

Dyna-Mac is in the process of expanding its fabrication capacity for current and future projects with the acquisition of Exterran Offshore.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

No natural gas shortage in sight, as Türkiye plans to boost storage capacity while upgrading its facility to run on renewables

Türkiye is taking steps to scale up its natural gas storage capacity and slash greenhouse gas emissions with renewables.

about 2 years ago
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