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Big Apple location map –Brazos Area, South Addition Blocks A87 &A90 approximately 200 km South of Houston; Source: Prominence Energy
Business & Finance

Australian oil & gas firm gets its hands on two high-potential Gulf of Mexico blocks

Prominence Energy has been awarded two adjacent exploration blocks on the U.S. Outer Continental Shelf (OCS), which are located off Texas.

about 3 years ago
FPSO Kwame Nkrumah - Jubilee field; Source Tullow Oil
Business & Finance

Second well comes online off Ghana with two more waiting in the wings

Tullow Oil has brought on stream the second of four wells on a field located offshore Ghana while the remaining two are slated to come online later this year.

about 3 years ago
FPSO Espoir Ivoirien; Source: Petrofac
Business & Finance

Petrofac wins multi-million deal for FPSO recently sold by BW Offshore off Africa

Petrofac has secured an integrated services contract with CNR International for an FPSO, which is working off the Ivory Coast, West Africa.

about 3 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

Longboat and JAPEX create new player on Norwegian oil & gas stage

Longboat Energy and JAPEX have completed all the steps required for the creation of their Norwegian joint venture (JV).

about 3 years ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling strengthens ties with Equinor and confirms two rig deals

Odfjell Drilling has inked contracts for one of its semi-submersible rigs to carry out drilling activities in the North Sea.

about 3 years ago
In focus: Is LNG stuck between a rock and a hard place in the energy transition story?
Business & Finance

In focus: Is LNG stuck between a rock and a hard place in the energy transition story?

The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen

about 3 years ago
Illustration/L to R: CorPower Ocean’s wave energy device and Floating Power Plan’ts wave-wind hybrid (Courtesy of CorPower Ocean/Floating Power Plant)
Business & Finance

EU Innovation Fund backs two major ocean energy projects as part of €3.6B clean tech investment

The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.

about 3 years ago
Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding
Business & Finance

Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding

Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut

about 3 years ago
FPSO Atlanta; Source: Yinson (video)
Business & Finance

Yinson buying FPSO destined for oil field off Brazil

Enauta has received a letter from Yinson, notifying about the exercise of an option to acquire an FPSO, which will operate at its field off Brazil.

about 3 years ago
Seabird's latest contract 'reflective of an improving OBN market'
Business & Finance

Seabird’s latest contract ‘reflective of improving OBN market’

Cyprus-headquartered seismic firm SeaBird Exploration has secured a two-year contract with a repeat client for services spanning several projects in the Western Hemisphere. Seabird reported on 14 July that it had signed a Letter of Award (LoA) for ocean bottom node (OBN) source services, with the co

about 3 years ago
Port of Sines
Business & Finance

Port of Sines teams up with Brazil’s CSN on green shipping corridor

Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr

about 3 years ago
ExxonMobil
Business & Finance

ExxonMobil enriches its low-carbon arsenal with new acquisition worth $4.9 billion

ExxonMobil is getting its hands on – what it deems to be – the largest owned and operated CO2 pipeline network in the United States.

about 3 years ago
Shearwater to perform 'pioneering' survey over Norwegian gas field
Business & Finance

Shearwater to perform ‘pioneering’ survey over Norwegian gas field

OMV Norge, a subsidiary of Austria’s oil and gas company OMV, has appointed Shearwater GeoServices to conduct a “pioneering” towed streamer survey with ocean bottom nodes (OBN) over its gas and condensate discovery offshore Norway. Under the contract, Shearwater is set to begin the hybrid survey ove

about 3 years ago
Fleetship
Business & Finance

Transworld and Fleet Management form ship management JV

UAE-based shipping company Transworld Group and Hong Kong-based ship management company Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. The JV will provide dedicated technical management services to Transworld Group’s fleet which includes c

about 3 years ago
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