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Illustration; Source: The International Energy Agency (IEA)
Business & Finance

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read
Hy24’s Clean Hydrogen Equipment Fund wins Dutch bank’s support
Business & Finance

Hy24’s Clean Hydrogen Equipment Fund wins Dutch bank’s support

Dutch bank ABN AMRO is investing in the Clean Hydrogen Equipment Fund, managed by Hy24, a clean hydrogen investment fund committed to scaling up the global hydrogen economy. This is said to be the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the ban

about 2 years ago
Microsoft joins Northern Lights CCS project
Business & Finance

Microsoft to back Northern Lights CCS project

The Northern Lights Joint Venture and SLB have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). In the i

about 2 years ago
Offshore Energy shipping
Business & Finance

EU ETS will cost the shipping industry billions, says ITIC

The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l

about 2 years ago
Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)
Business & Finance

JV seeking partners for block offshore Guyana to unlock its hydrocarbon potential

Canada’s CGX Energy and Frontera Energy are on the lookout for partners for the further development on the Corentyne block offshore Guyana.

about 2 years ago
Trion FPU concept image; Source: Woodside
Business & Finance

HD Hyundai Heavy Industries hands out commissioning deal for Gulf of Mexico FPU to Gate Energy

Gate Energy has been awarded a commissioning contract for an FPU destined for Woodside’s deepwater oil project in the Gulf of Mexico.

about 2 years ago
VARD receives order for hybrid cable lay and construction vessel from Japan
Business & Finance

VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan

Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates

about 2 years ago
Survey activities about to start at Scottish subsea link
Business & Finance

Survey activities for Scottish subsea link to take place until April

Marine survey activities are set to begin this month for the Eastern Green Link 2 (EGL 2) subsea electricity superhighway between Scotland and England. The survey activities are planned to commence from Peterhead, Scotland, in December and continue in Scottish waters until approximately February 202

about 2 years ago
Mocean Energy’s Blue X wave energy converter and Verlume’s Halo battery storage system for RSP project (Courtesy of Mocean Energy)
Business & Finance

TotalEnergies invests in collaborative wave power subsea project

TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney in Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume.

about 2 years ago
FPSO Atlanta; Source: Yinson
Business & Finance

Brazilian delegation visits Yinson’s FPSO undergoing conversion works in Dubai

Yinson Production has hosted dignitaries from Brazil, who came to visit an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago
MOPU Ingenium and MT Jaka Tarub FSOl Source: Valeura Energy
Business & Finance

With oil flowing from Asian offshore field once again, start-up of drilling campaign only days away

Valeura Energy has restarted production from an oil field project in the Gulf of Thailand, following a shutdown due to an incident.

about 2 years ago
Shelf Drilling’s Shelf Perseverance (former Noble Hans Deul) jack-up rig; Source: IOG
Business & Finance

Shelf Drilling jack-up rig booked for work in Southeast Asia

Shelf Drilling has landed a long-term assignment in Southeast Asia, which enables one of its jack-up rigs to carry out drilling activities offshore Vietnam.

about 2 years ago
Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding
Business & Finance

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago
Talos Energy
Business & Finance

With tie-back to Gulf of Mexico platform expected by year-end, oil & gas pair coming on stream ahead of schedule

Talos Energy has changed the timeline for the start of production from two oil and natural gas deepwater discoveries in the U.S. Gulf of Mexico.

about 2 years ago
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