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Transocean Norge rig; Source: Transocean
Business & Finance

Commercial volumes not present in new gas discovery off Norway

OMV has made a new gas discovery at an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago
West Phoenix rig; Source: Seadrill
Business & Finance

New milestone for Seadrill rig

Seadrill has tucked a new milestone under its belt, thanks to the installation of a controlled mud level (CML) system on one of its rigs.

about 2 years ago
JERA invests in CO2 capture and hydrogen storage tech company
Business & Finance

JERA invests in CO2 capture and hydrogen storage tech company

Japan’s energy major JERA, through JERA Ventures, has invested approximately £1 million ($1.24 million) in Immaterial, a UK company that aims to accelerate the energy transition with its CO2 capture and hydrogen storage technologies. JERA said it will support startup growth and cocreation by offerin

about 2 years ago
mpa singapore rotterdam port
Business & Finance

MPA Singapore, Port of Rotterdam & partners set sights on 30 pct emission reduction by 2030

The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam (PoR) and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterda

about 2 years ago
Ocean BlackHawk drillship; Source: Diamond Offshore
Business & Finance

WATCH: Diamond Offshore drillship preparing to start its gig in Gulf of Mexico

Diamond Offshore Drilling has upgraded one of its drillships with managed-pressure drilling (MPD) equipment ahead of the rig’s new assignment in the Gulf of Mexico, which is due to start in November 2023.

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

Anchoring campaign for Brazilian FPSO underway

Enauta has embarked on an anchoring campaign for an FPSO vessel, which is destined to work at its oil field offshore Brazil.

about 2 years ago
Argeo on its way to own most advanced AUV fleet with latest expansion plan
Business & Finance

Argeo on its way to have most advanced AUV fleet with latest expansion plan

Marine survey contractor Argeo has signed a letter of intent (LoI) with Kongsberg for a purchase agreement for three additional Hugin autonomous underwater vehicles (AUVs). With the purchase, Argeo said it will have the world’s most advanced AUV fleet. Argeo plans to purchase two Hugin Superior AUVs

about 2 years ago
Totalenergies' FSRU Cape Ann; Credit: Jean Nicholas Guillo/Greenpeace
Business & Finance

Eleven arrested after activists expressed their ire over arrival of TotalEnergies’ FSRU in France

After a FSRU, chartered by TotalEnergies, arrived in France, climate activists took steps to express their dissatisfaction with its arrival.

about 2 years ago
Bocimar
Business & Finance

Belgium’s CMB lifts option for ammonia-powered Capesize duo

Belgium-based shipping company Compagnie Maritime Belge (CMB) has exercised an option for the construction of two 210,000 dwt bulkers at China’s Qingdao Beihai Shipbuilding Heavy Industry, adding to its already massive orderbook at the yard. Namely, CMB already has ten 210,000 dwt bulkers under cons

about 2 years ago
Gavin Newsom, California Governor; Source: Office of the Governor of California
Business & Finance

California’s lawsuit against ExxonMobil, Shell, BP, ConocoPhillips and Chevron seen as ‘monster of a climate case’

Five oil majors together with API are being sued in California for their alleged role in downplaying the risks posed by fossil fuels.

12 minutes read
New global initiative aiming to transform net zero hydrogen production
Business & Finance

New global initiative aiming to transform net zero hydrogen production

Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project wh

about 2 years ago
DOF tapped for extension of 'large' subsea service contract
Business & Finance

DOF awarded extension of ‘large’ subsea service contract

Shortly after winning three contracts worth over $260 million, DOF Group secured an extension of what it described is a “large subsea service contract”. DOF reported on 19 September it had signed a letter of intent (LOI) with a “major oil company” for a one-year contract extension in the Atlantic re

about 2 years ago
Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’ for Congo’s energy development
Business & Finance

Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’ for Congo’s energy development

Société Nationale des Pétroles du Congo (SNPC), Eni Congo, and Lukoil have signed a long-term contract for the purchase and sale of LNG with Eni SPA, marking an advancement in the LNG Marine XII project. According to SNPC, the contract was signed on September 14, 2023, and will run for a period of 2

about 2 years ago
Kate Thomson, BP's interim CFO; Source: BP
Business & Finance

BP picks interim CFO

BP has appointed an interim Chief Financial Officer (CFO), after moving its previous CFO to the interim Chief Executive Officer (CEO) role.

about 2 years ago
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