There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…
Mediterranean Sea-focused oil and gas company Energean has this week announced the connection of its Karish offshore gas field to the Israel National Gas Line (“INGL”), 'an important milestone in facilitating the operational readiness of the Karish field development…
The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday.The…
Korea Floating Wind ('KF Wind'), a joint venture between Ocean Winds and Aker Offshore Wind, has received its second Electric Business License (EBL) from South Korea's government for a capacity of 450 MW, 'Obtaining the second EBL represents…
QatarEnergy on Wednesday signed a cooperation agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).'The agreement provides the framework for cooperation between…
Technip Energies has stopped working on business opportunities in Russia, the head of the French oil and gas services provider said on Thursday, in light of the Russian invasion of Ukraine.'We have ceased to work on future business opportunities in Russia…
UK-based offshore vessel owner North Star has said it has recently secured new Emergency Response and Rescue Vessel (ERRV) contracts totaling more than £100 million (around $133.7 million).Under the contracts, North Star said it would support…
Oil and gas company Azinam, soon to be acquired by Eco Atlantic, has hired Island Drilling's Island Innovator semi-submersible drilling rig to drill the Gazania-1 well offshore S. Africa. The news comes in the wake of the recent significant…
Australian financial conglomerate Macquarie Group's green investment unit said on Thursday it would launch an offshore wind energy business, with operations set to start in April.The new business, Corio Generation, will be part of Macquarie's…
French energy major TotalEnergies has joined Trident Winds Inc. in the Castle Wind joint venture for the development of a 1 GW floating offshore wind project off the coast of Morro Bay, off the Central California Coast. The company entered the…
German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…
Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia…
Oil major TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September, the oil and gas regulator said on Thursday.TotalEnergies discovered two large gas fields…
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The…
ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…