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Moscow Maersk
Business & Finance

Maersk-led businesses urge Denmark to lead the way in green transition

Danish companies pursuing high sustainability objectives are urging the country’s government and politicians to maintain sustainability on top of their agenda. In a joint statement, signed by A.P. Møller – Mærsk, FLSmidth, Ørsted and Vestas, among others, the companies asked the government to contin

about 3 years ago
Yinson
Business & Finance

Banks support construction of new Yinson FPSO with $720 mln loan

Yinson has entered into a $720 million syndicated loan facility for an FPSO being built to operate for Petrobras in waters offshore Brazil.

about 3 years ago
Shell revealed as buyer of UK gas asset
Business & Finance

Shell revealed as buyer of UK gas asset

Reabold Resources has disclosed that Shell is the oil and gas major, which is in the process of acquiring Corallian Energy.

about 3 years ago
Höegh LNG’s FSRU Independence to change owner
Business & Finance

Höegh LNG’s FSRU Independence to change owner

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit (FSRU) Independence from Norway’s floating terminal projects company Höegh LNG. The transfer of ownership is expected to occur in December 2024.

about 3 years ago
Stena IceMax; Source: Stena Drilling
Business & Finance

Energean hits gas discovery in waters off Israel

Energean has made a gas discovery with the Hermes exploration well offshore Israel and has moved on to drill the next well in the campaign.

about 3 years ago
Unitrove
Business & Finance

UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships

UK gov’t funds consortium eyeing world’s 1st zero-emission multi-fuel station for hydrogen, electric ships

about 3 years ago
Venture Global and EnBW expand LNG partnership
Business & Finance

Venture Global and EnBW expand LNG partnership

US liquefied natural gas (LNG) export project developer Venture Global and German energy company EnBW have decided to expand their existing LNG partnership to 2 million tonnes per annum (mtpa). The companies entered into 20-year sales and purchase agreements in June 2022 for 1.5 mtpa of LNG. Now, En

about 3 years ago
Equinor
Business & Finance

After Poland, Norway’s Equinor also agrees to supply gas to Switzerland

Following an agreement with Poland, Norway’s Equinor has entered into another gas supply agreement, this time with Switzerland.

about 3 years ago
Kraken Robotics reels in $1.1 million from AquaPix contracts
Business & Finance

Kraken Robotics reels in $1.1 million from AquaPix contracts

Canada’s Kraken Robotics has secured $1.1 million in contracts from two customers for its AquaPix synthetic aperture sonar (SAS) systems. The deliveries will go to the UK and Singapore for integration onto small man-portable autonomous underwater vehicles (AUVs). Kraken did not reveal the names of t

about 3 years ago
Technip Energies hired for FEED work on gas project in Malaysia
Business & Finance

Technip Energies hired for FEED work on gas project in Malaysia

PTTEP has picked Technip Energies to perform the FEED work on an onshore gas plant associated with carbon capture in Malaysia.

about 3 years ago
New UK partnership to assist engineers in overcoming career break bias
Business & Finance

New UK partnership to assist engineers in overcoming career break bias

Petrofac has teamed with STEM Returners to launch a jobs scheme, which will help engineers return to STEM-related work after a career break.

about 3 years ago
QatarEnergy sets sights on becoming largest LNG company within ten years
Business & Finance

QatarEnergy sets sights on becoming largest LNG company within ten years

Qatar’s state-owned oil and gas company QatarEnergy has set its sights on becoming the largest liquefied natural gas (LNG) traders in the world within five to ten years. Minister of State for Energy Affairs, the president and CEO of QatarEnergy Saad bin Sherida Al Kaabi underlined this in his speech

about 3 years ago
Noble Sam Turner is now owned by Shelf Drilling
Business & Finance

Shelf Drilling buys five Noble rigs, gets two-year extension for one

Offshore drilling contractor Shelf Drilling has completed the acquisition of five jack-up rigs from Noble Corporation.

about 3 years ago
Partners ink agreement for large-scale CCS project in Norway
Business & Finance

Partners ink agreement for large-scale CCS project in Norway

Horisont Energi and Neptune Energy have signed a project agreement to develop the Errai carbon capture and storage (CCS) project in Norway. The agreement builds on the Memorandum of Understanding (MoU) that was announced at the end of August. The partners are now setting up a project organization to

about 3 years ago
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