PT Medco Energi Internasional (MedcoEnergi), an Indonesian-based energy and natural resources company, has achieved a significant sustainability milestone, slashing its Scope 1 and 2 greenhouse gas (GHG) emissions by up to 1.5 million tons of CO2 equivalent (CO2e), compared to its 2019 baseline.
Talks about a potential business combination between Malaysia’s Bumi Armada and the offshore segment of the compatriot shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, have come to nought.
Centrica Energy, the trading arm of the U.K.’s energy company Centrica, has signed a natural gas sale and purchase agreement (SPA) with U.S.-based Devon Energy Corporation.
Four players – MISC, Petronas, Aker Solutions (AKSO), and Clean Energy Systems (CES) – have laid the groundwork for a demo front-end engineering and design (FEED) process to pave the way for the development of the Zero Emission Power Station (ZEUS) project for both onshore and offshore deployment, e
U.S.-headquartered offshore engineering and construction player McDermott has signed a memorandum of understanding (MoU) with Aize to employ the latter’s digital twin solutions across its Middle Eastern operations. As explained, the strategic MoU is aimed at driving operational efficiency throughout
Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment.
EnQuest has tucked a new decommissioning milestone under its belt in the UK sector of the North Sea, thanks to the assistance received from a heavy lift vessel owned by Allseas, an offshore pipeline installation, heavy lift, and subsea construction contractor.
Norwegian shipowner Ocean Yield and global investment firm KKR intend to purchase energy infrastructure company CapeOmega Gas Transportation from Partners Group, a global private markets investment manager.
North Sea Transition Authority (NSTA) has offered a license for gas storage in the East Irish Sea to dCarbonX, a subsidiary of Snam, which is expected to propel the UK’s decarbonization aspirations forward, thanks to offshore hydrogen storage.
The Netherlands-headquartered maritime service provider Seacontractors has acquired two vessels formerly owned by Norwegian vessel owner DOF Group.
Seatrium is forging a new partnership bond with Türkiye’s floating power plant company Karpowership, which will enable the conversion, life extension, and repairs of three liquefied natural gas (LNG) carriers (LNGCs) into floating storage regasification units (FSRUs).
U.K.-based energy company Centrica and U.S. investment firm Energy Capital Partners (ECP), part of Bridgeport Group, have set the wheels in motion to acquire the liquefied natural gas (LNG) terminal in Kent County, UK, from British electricity and gas utility, the National Grid group.
With an integrated supply chain in mind, Hanwha Aerospace, a subsidiary of South Korean conglomerate Hanwha Group, has joined forces with Hanwha Energy and Korea Southern Power to bolster cooperation in the global liquefied natural gas (LNG) sector and means of obtaining U.S. LNG to boost Korea’s en
U.S.-headquartered energy giant ExxonMobil has signed a production sharing contract (PSC) with the Government of Trinidad & Tobago (T&T) for a deepwater block off the coast of the Caribbean country.
