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MoU signing; Source: NNPC
Business & Finance

With routine flaring out of the way, TotalEnergies teams up with NNPC to curb Nigeria’s methane footprint

TotalEnergies has joined forces with NNPC to carry out methane detection and measurement campaigns in Nigeria.

about 2 years ago
ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia
Business & Finance

ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia

Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par

about 2 years ago
TAQA eyes joining Greece-Cyprus interconnector
Business & Finance

TAQA eyes joining 900-kilometer European interconnector

Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor

about 2 years ago
New terminal at Immingham port to support import of green ammonia from Saudi’s NEOM
Business & Finance

New terminal at Immingham port to support import of green ammonia from Saudi’s NEOM

UK’s ports operator Associated British Ports (ABP) has launched a tender seeking a lead contractor or consortium to design and build a bulk liquid green energy terminal at the Port of Immingham. According to ABP, Immingham Green Energy Terminal (IGET) will be a multi-user bulk liquid green energy te

about 2 years ago
Oceantic Network CEO: ‘There comes a time when we have to say enough is enough’
Business & Finance

Oceantic Network CEO: ‘There comes a time when we have to say enough is enough’

As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national a

about 2 years ago
Grimaldi Group
Business & Finance

Grimaldi takes majority stake in Heraklion Port Authority

A consortium led by the Italian shipping company Grimaldi Group has acquired a majority stake in the Heraklion Port Authority (HPA S.A.). The Italian group, through a consortium with Grimaldi Euromed SpA and Minoan Lines S.A., signed a share purchase agreement earlier this morning. The company acqui

about 2 years ago
K Line
Business & Finance

Japanese players and Woodside Energy join forces for CO2 capture and storage feasibility study

Japanese industry majors Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement, Kawasaki Kisen Kaisha (K LINE), and Australian energy giant Woodside Energy have signed a memorandum of understanding (MOU) to conduct a business feasibility study aimed at aggregating CO2 and transporting i

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

BP prolongs Noble jack-up rig’s assignment in North Sea

Noble Corporation has tucked a contract extension under its belt for one of its jack-up rigs with the UK-headquartered oil major, BP.

about 2 years ago
Cables that connect the Danish and English electricity systems are being tested these days to ensure they are ready to be put into operation at the year-end (archive photo from the landing of the cabl
Business & Finance

Viking Link: World’s largest interconnector days away from being put into operation

Energinet is getting ready to bring the Viking Link, which is said to be the world’s longest electricity interconnector, online by the end of the year.

about 2 years ago
Petrojarl Knarr FPSO; Source: Equinor
Business & Finance

Two legal challenges loom over UK’s giant undeveloped oil field

Legal trouble brews on the horizon for the UK government and one of the largest undeveloped oil fields in the UK over climate concerns.

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Borr Drilling jack-up rig going to work off Cameroon

Tower Resources has hired a jack-up rig from Borr Drilling, an offshore drilling contractor, for its drilling campaign offshore Cameroon.

about 2 years ago
Ennore
Business & Finance

MSC arm acquires stake in Adani’s Ennore container terminal

Terminal Investment Ltd (TiL), the container terminal operating and investing arm of Swiss MSC Mediterranean Shipping Company, the world’s largest container shipping company, has taken a 49% stake in Adani Ennore Container Terminal Pvt Ltd (AECTPL).

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

Shell greenlights drilling program for 2024 and wraps up survey work in North Sea

Shell has greenlighted its planned two-well drilling campaign in 2024 while site survey works in the North Sea have been finished.

about 2 years ago
PSC signing; Source: Staatsolie
Business & Finance

Shell, TotalEnergies, QatarEnergy, Petronas expand Suriname footprint – gallery

Shell, TotalEnergies, QatarEnergy, and Petronas have inked production sharing contracts (PSCs) with Staatsolie for blocks offshore Suriname.

about 2 years ago
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