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Alexandroupolis FSRU; Credit: Gastrade
Business & Finance

Greece’s first offshore LNG terminal coming online in 2024 to bolster Europe’s low-carbon energy mix

An FSRU, currently under conversion, will secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources.

about 3 years ago
Delfin
Business & Finance

MOL invests in FLNG developer Delfin Midstream

Mitsui O.S.K. Lines (MOL) has entered into a strategic investment agreement with Delfin Midstream Inc, an LNG export infrastructure development company utilizing low-cost FLNG technology solutions. Delfin is the parent company of Delfin LNG and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Po

about 3 years ago
Shearwater platform (illustration); Source: Shell
Business & Finance

UK’s tax changes: First step to ‘restore confidence’ in oil & gas sector and safeguard energy security

The UK has now made adjustments to the oil and gas tax terms in a bid to protect the country’s energy security.

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Confirmation of ‘significant’ oil discovery in North Sea comes with details galore

Aker BP recently revealed a new oil discovery in the North Sea off Norway, which was made using a Saipem-owned rig.

about 3 years ago
Fault found at first UK-Norway interconnector
Business & Finance

Fault found at first UK-Norway interconnector

A fault has been found on the 1,400 MW North Sea Link (NSL) that connects the UK and Norway causing the interconnector to operate at half capacity. Norway’s Statnett reported yesterday, 8 June, that a fault caused the unavailability of the NSL interconnector in the afternoon and the project will be

about 3 years ago
Illustration; Source: EIA
Business & Finance

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago
Jotun FPSO; Source: Vår Energi
Business & Finance

Halliburton lands five-year deal for offshore drilling services

Haliburton has been picked by Vår Energi for a long-term strategic partnership, covering drilling services on the Norwegian Continental Shelf.

about 3 years ago
Illustration; Source: American Petroleum Institute (API)
Business & Finance

Lack of policies in support of oil & gas risk killing America’s golden goose while renewables face similar permitting issues

America’s oil & gas and renewables are in need of encouraging policies to flourish and meet the increasing demand at home and abroad.

about 3 years ago
LX International enters LNG terminal business
Business & Finance

LX International enters LNG terminal business

South Korean commodity trading and mining company LX International has announced it will partner with POSCO International to build LNG storage tanks and facilities in Dangjin, Chungcheongnam-do, and enter the LNG terminal business to lease and operate the facilities. To this end, LX International, P

about 3 years ago
Alvheim FPSO; Source: Aker BP
Business & Finance

Norway greenlights $700 million tie-back project in North Sea

Aker BP has received approval for a plan for development and operation (PDO) of its offshore tie-back project in the North Sea.

about 3 years ago
Australian firm secures work on Baltic Pipe gas pipeline
Business & Finance

Australian firm secures work on Baltic Pipe gas pipeline

Poland’s GAZ-SYSTEM has appointed an Australian engineering and project delivery services company to provide technical assistance in integrity management and supervision during the operations of the Baltic Pipe gas pipeline. Under the five-year agreement, Perth-headquartered SEA Global will perform

about 3 years ago
AHTS Siem Emerald; Source: Siem Offshore
Business & Finance

New North Sea assignment for Siem vessel

Siem Offshore has secured a deal for one of its anchor handling tug supply (AHTS) vessels with an undisclosed operator.

about 3 years ago
ADNOC
Business & Finance

ADNOC doles out $975 million to unlock more hydrocarbons at Lower Zakum

ADNOC Offshore has awarded a $975 million artificial island construction contract to ADNOC L&S for the Lower Zakum field offshore Abu Dhabi.

about 3 years ago
Petrofac
Business & Finance

Petrofac adds third Gulf of Mexico field to its decom scope

Petrofac has expanded its decommissioning scope of work in the Gulf of Mexico further by adding another offshore field to its backlog.

about 3 years ago
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