TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow. Three companies from Japan, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, and Mitsui Sumito
A new monitoring technology that is said to ensure more frequent checks of the future CO2 storage and results in less impact on the environment is currently being tested for Project Greensand in the North Sea. Magseis Fairfield reported last week that it had mobilized its MASS III nodes and modular
Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to s
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has fully transferred the new shipbuilding area of the Koyagi Plant at Nagasaki Shipyard & Machinery Works to compatriot Oshima Shipbuilding. The transfer of dock and quay facilities was completed on December 27 in line with the agreement signed in Mar
Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into the Brasse license in the northern North Sea. The aim of the partnership is to undertake a fast-track, low-cost review to assess whether a value accretive development concept can
Russia’s power generating company EL5-Energo has signed a contract with compatriot natural gas producer Novatek to supply green electricity from a wind farm to the Cryogas-Vysotsk LNG project. Under the contract, the energy of EL5-Energo’s wind farm with an installed capacity of 90 MW will be suppli
German bank KfW IPEX-Bank has revealed it will provide financing in the amount of €30 million for compatriot shipping company TT-Line’s dual-fuel roll-on/roll-off passenger (RoPax) ferry.
Petrobras has signed the Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil and, together with partners, concluded the process of CNOOC’s adhesion to the existing contracts of the Santos Basin Integrated Natural Gas Flow System (SIE-BS). With these contracts, CNOOC w
US LNG company Sempra Infrastructure has finalised a long-term sale and purchase agreement with RWE Supply & Trading, a subsidiary of RWE, for the supply of liquefied natural gas (LNG) from its Port Arthur LNG Phase 1 project under development in Jefferson County, Texas. Under the agreement, approxi
The crane on the process module at Tyra II has been put into permanent use, representing a milestone in the hook-up and commissioning campaign of the field redevelopment project in the Danish North Sea. Norwegian Energy Company (Noreco) reported on 23 December that the crane on the process module (T
UK-headquartered provider of marine engineering services James Fisher and Sons is selling the Subtech Swordfish dive support vessel (DSV) for a cash consideration of $24 million. The company has entered into a Memorandum of Agreement (MoU) for the sale of the 2007-built vessel to Seamec Limited, a c
The Njord field in the Norwegian Sea has commenced production again, following an extensive six-year upgrade of the platform and the floating storage and offloading vessel (FSO). Production from the Njord field resumed at 16:30 on 27 December, extending the planned field life for another 20 years. C
South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated K
