Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has connected a mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) asset at a field off the coast of Benin.
Malaysia’s Velesto Energy has struck a deal to divest a 15-year-old jack-up rig for a total cash consideration of $63 million (equivalent to RM 258.4 million).
Moscow-headquartered energy giant PJSC Lukoil has said yes to a bid from Switzerland’s Gunvor Group for its international portfolio of assets in the wake of growing global sanctions, which keep tightening their hold on Russian businesses overseas.
French shipping and logistics major CMA CGM Group has signed a letter of intent for six LNG-powered containerships to be built at Cochin Shipyard Limited (CSL) in India.
Petrofac, a UK-headquartered oilfield services provider, has won a contract extension in the UK sector of the North Sea, allowing it to remain on an assignment with Ithaca Energy, a North Sea oil and gas operator and producer.
A full technical management of a recently converted floating storage regasification unit (FSRU), which got its new lease on life thanks to Karpowership, Türkiye’s floating power plant company, has been handed over to Singapore-headquartered Synergy Marine Group.
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France-based Legendre Group has started constructing the first full-scale demonstrator for the Dikwe project in Boulogne-sur-Mer, northern France, in collaboration with GEPS Techno. Supported by ADEME and the Région Hauts-de-France, the initiative aims to integrate wave energy generation into coasta
Trigon Pacific Terminals (Trigon), a bulk commodity export terminal, has unveiled its Final Investment Decision (FID) for a new open-access 2.5 million tonnes per annum LPG export facility in Prince Rupert, British Columbia.
Africa’s energy player, Rhino Resources, has confirmed an oil discovery in a petroleum exploration license (PEL) it operates in the country’s Orange Basin.
The Friesland Province has allocated €625,000 to the PROSIT project, which aims to help the Wadden Islands become partly self-sufficient in energy by harnessing tidal currents. According to the Friesland Province, PROSIT builds on SeaQurrent’s TidalKite demonstration near Ameland. The system uses ti
Australia and Singapore have selected eight projects for funding as part of the countries’ $20 million initiative to help reduce emissions in the maritime sector.
Shell has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for the installation and cold commissioning activities at its natural gas field off the coast of Western Australia.
Norwegian energy data and intelligence company TGS has been awarded a 4D streamer acquisition contract in the Barents Sea, covering the Goliat field operated by Norwegian oil and gas player, Vår Energi. According to TGS, the project is set to commence in July and will span approximately 20 days. “We
