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Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Business & Finance

Additional CO2 pipeline network positions ExxonMobil’s low-carbon business for ‘profitable growth’

ExxonMobil has wrapped up the acquisition of Denbury and expanded its low-carbon business and CO2 pipeline network in the United States.

about 2 years ago
Mitsui & Co. invests in Arctic LNG 2 operating company
Business & Finance

Mitsui & Co. invests in Arctic LNG 2 operating company

Mitsui & Co., through Japan Arctic LNG (J-Arc), has invested in Arctic LNG 2 LLC, the operating company for the Arctic LNG 2 project in Russia. Japan Arctic LNG is a Dutch corporation 75% owned by Japan Organization for Metals and Energy Security (JOGMEC) and 25% owned by Mitsui. On November 2, the

about 2 years ago
CorPower Ocean's C4 wave energy device (Courtesy of CorPower Ocean)
Business & Finance

DNV issues quality certification to Swedish wave energy company

Wave energy technology developer CorPower Ocean has received ISO 9001 certification through DNV – one of the leading global providers of accredited management systems certification and training.

about 2 years ago
Ex-platform supplier ready for subsea operations
Business & Finance

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 2 years ago
Illustration. Source: BOEM
Business & Finance

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

about 2 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Business & Finance

Fresh North Sea oil & gas discovery enriches Norwegian field’s hydrocarbon arsenal

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea off Norway.

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

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
Yara Eyde
Business & Finance

‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says

Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator

about 2 years ago
Valaris 249 jack-up rig; Source: Valaris
Business & Finance

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

about 2 years ago
Cheniere pens long-term LNG supply deal with Foran
Business & Finance

Cheniere pens long-term LNG supply deal with Foran

U.S. Cheniere Energy’s subsidiary Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with China’s Foran Energy Group. Under the SPA, Foran agreed to purchase approximately 0.9 million tons per annum (mtpa) of LNG for 20 years from Cheniere M

about 2 years ago
Steel-cutting ceremony for Munin platfrom; Source: Aker BP
Business & Finance

First steel cut for North Sea-bound unmanned gas production platform – gallery

Aker BP has celebrated the start of the construction phase for a platform, which is destined to be deployed in the North Sea offshore Norway.

about 2 years ago
Illustration; Source: Murphy Oil
Business & Finance

Murphy eyes first oil in 2026 from offshore project in Southeast Asia

Murphy Oil has sanctioned an oilfield development project in the Cuu Long Basin offshore Vietnam, Southeast Asia.

about 2 years ago
Alfa Laval eyes business opportunities in hydrogen sector
Business & Finance

Alfa Laval eyes business opportunities in hydrogen sector

Swedish sustainable solutions provider Alfa Laval is establishing a new business unit, ‘Business Unit Electrolyzer and Fuel Cell Technologies,’ intending to capture business opportunities in the hydrogen sector. It will be established by January 1, 2024, and will be part of the Energy Division. Alfa

about 2 years ago
Ulstein tasked with concept design for cable laying and repair vessel
Business & Finance

Ulstein to deliver concept design for fuel-efficient cable layer

Ulstein Design & Solutions has secured a contract with Malaysia-based Megamas Resources in partnership with Renaissance Technologies (RTM) to deliver the conceptual design of a fuel-efficient cable laying and repair vessel. According to Ulstein, the decision was taken in view of the shortage of cabl

about 2 years ago
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