Eni has revealed solid performance in 2Q and 1H 2023, despite its results being affected by a steep drop in oil and gas prices.
US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.
Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co
Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum
China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the
TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub
Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with
UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob
Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.
Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.
TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.
The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity
The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise
Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). After receiving the Investment Memorandum (IM), SM Group, LX Holdings, Dongwon Group, and Har
