The Nordic Investment Bank (NIB) has agreed on a 10-year loan deal with Danish grid operator Energinet to increase the co-financing to construct the Viking Link, a 760- kilometer 1.4 GW high voltage direct current electricity interconnector…
The mooring of Coral Sul (South) FLNG, East Africa's first FLNG unit, and the world's deepest, was completed last week.The giant Coral Sul FLNG unit, 432 meters long and 66 meters wide, and weighing around 220,000 tons, earlier this year arrived…
Empyrean Energy, a company gearing up to start drilling at its Jade prospect, offshore China, said Monday that China Oilfield Services Limited ('COSL') had successfully completed the well site survey required over the Jade Prospect drilling location…
Motion-compensated gangway supplier Uptime International has secured two long-term walk-to-work contracts with the offshore vessel owner DOF Subsea.Uptime will be supporting DOF Subsea's on the vessel owner's recently awarded long-term contract for a Multi-Purpose Supply Vessel (MPSV)…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
DNV, Strohm, and the Non-Metallic Innovation Centre (NIC) have launched a report comparing the lifecycle carbon footprint of externally coated carbon steel pipe and thermoplastic composite pipes (TCP), which shows that TCP has a significantly lower carbon footprint…
Exxon Mobil Corp filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing on Friday in U.S. district court in Dallas.Exxon and QatarEnergy…
BP, Shell, Exxon, Equinor flag Russia exitsTotalEnergies sticks with Russian natgas assetsLNG central to TotalEnergies' strategyFrance's TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country after its invasion of Ukraine…
The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change…
UK-based oil and gas firm IOG plc has informed that the onshore reception facilities for its Saturn Banks project development have been successfully commissioned, in what is the final step to first gas from its Southern North Sea gas fields…
Norwegian oil and gas company Equinor has awarded Subsea 7 a front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway.The awarded work is required to finalize…
Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkand Islands, is looking to raise $1.8 million via a placement of shares. It will use the proceeds for general working capital purposes and for work on its Darwin offshore discovery in the Falklands…
Offshore wind installation services company Fred. Olsen Windcarrier said Friday that a new Huisman-built was set to be shipped to Singapore where it will be installed on its Bold Tern jack-up vessel.'The new 1600t Huisman leg encircling crane…
UK-based wave energy technology company Mocean Energy has said it has secured a major new investment to accelerate the commercial roll-out of its Blue Star wave machine. The new funds will drive the technology's adoption in subsea oil and gas…
Japan will release 7.5 million barrels of oil from private reserves as a part of an International Energy Agency (IEA)-led coordinated release, industry minister Koichi Hagiuda said on Friday.The volume makes up 12.5% of a planned coordinated…