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Mexico Pacific inks long-term LNG supply deal with Zhejiang Energy
Business & Finance

Mexico Pacific inks long-term LNG supply deal with Zhejiang Energy

Zhejiang Energy International and Mexico Pacific have signed a sales and purchase agreement (SPA) for Zhejiang Energy to offtake 1 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico. Under

about 3 years ago
FPSO for the BM-C-33 project; Source: MODEC
Business & Finance

Baker Hughes takes on deal to curb FPSO emissions from $9 billion oil & gas project

Baker Hughes has been enlisted by MODEC to supply gas technology equipment for an FPSO destined to work at Equinor’s project in Brazil.

about 3 years ago
BP and WasteFuel to collaborate on low-carbon fuels for shipping sector
Business & Finance

BP and WasteFuel to collaborate on low-carbon fuels for shipping sector

BP, through its arm BP Ventures, has expanded its investment in bioenergy by committing $10 million and leading the Series B investment round in WasteFuel, a California-based biofuels company focused on converting municipal bio-waste into low-carbon fuels, such as bio-methanol. WasteFuel’s existing

about 3 years ago
PSV Normand Arctic; Credit: Langsten Harald M Valderhaug/Solstad Offshore
Business & Finance

No more PSVs in Solstad’s fleet as Tidewater takes over 37 vessels to establish ‘largest hybrid OSV fleet’

Tidewater has boosted its fleet of platform supply vessels (PSVs) by wrapping up the acquisition of the PSV fleet owned by Solstad Offshore.

about 3 years ago
Denmark plans future backup capacity to come from hydrogen and storage
Business & Finance

Denmark plans backup capacity to come from hydrogen and storage

Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

about 3 years ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Six more wells added to Transocean rig’s backlog

Transocean has secured a new contract extension for a semi-submersible rig working on the Norwegian Continental Shelf (NCS).

about 3 years ago
FSO Safer; Source: Boskalis
Business & Finance

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling

Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

about 3 years ago
Japanese trading company buys UK provider of pipeline integrity solutions
Business & Finance

In push towards energy transition, Mitsui & Co. buys UK provider of pipeline integrity solutions

Japanese trading company Mitsui & Co. has completed the acquisition of 100 per cent of shares of STATS (UK), a provider of pipeline integrity solutions, as part of its path towards a global energy transition. STATS (UK) announced on 5 July that it had executed a share purchase agreement to sell 100

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

New task for DNO regarding work with Odfjell Drilling-managed rig

Norwegian regulator has carried out an audit of DNO’s planning of drilling operations using an Odfjell Drilling-managed rig.

about 3 years ago
HPA sets up new division to focus on sustainable energy hub
Business & Finance

HPA sets up new division to focus on sustainable energy hub

The Hamburg Port Authority (HPA) has established a new corporate division “Port Energy Solutions” that will take on responsibilities and projects related to Sustainable Energy Hub. The division will be led by Jannes L. Elfgen and Hanno Bromeis, focusing on topics related to the expansion of renewabl

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Business & Finance

Norway racks up high gas production while pursuing decarbonisation with CCS and offshore wind

Norway’s role as natural gas exporter becomes more entrenched, with the country keeping up high gas production.

about 3 years ago
Prysmian makes move to assure capability for delivery of UK HVDC link
Business & Finance

Prysmian makes move to assure capability for delivery of UK HVDC link

Italian cabling giant Prysmian has committed to providing €180 million to ensure ongoing capacity availability for the planned construction of a new high voltage direct current (HVDC) cable link in the UK. After being selected as the exclusive preferred bidder in May, the commitment includes the pay

about 3 years ago
Sapura Drilling
Business & Finance

Sapura Drilling hires Maersk as training and upskilling provider for its workforce

Maersk Training, a part of A.P. Moller – Maersk, has secured a long-term deal for training services with Sapura Drilling, a wholly-owned subsidiary of Sapura Energy Berhad.

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Production from Brazilian FPSO halted once again

Enauta has temporarily interrupted production from a field located offshore Brazil only days after completing the preventive maintenance.

about 3 years ago
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