The UK’s offshore oil and gas industry has committed to cutting operational emissions by half in the next decade through operational improvements, flaring reduction, and powering offshore platforms with electricity.OGUK, a UK industry body representing…
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.It also highlights the huge variation in how oil companies are viewing…
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020…
Norwegian offshore vessel owner Solstad Offshore has secured long-term charters for two of its anchor handling tug and supply vessels in Brazil.Solstad said Tuesday that Petrobras had chartered its AHTS vessels Far Sagaris and Far Statesman for a period of three years…
The Norwegian offshore shipowner Eidesvik has signed a contract with Yxney Maritime for the use of Yxney's Maress energy efficiency software on its vessels, as a step towards further emissions reduction.Maress is a cloud-based system using available…
Fund management firm Copenhagen Infrastructure Partners (CIP) said on Tuesday it had started what it expects to be the world's largest fund for renewable energy infrastructure as it targets investments worth 100 billion crowns ($15.2 billion)…
Australian oil and gas producer Santos has offered its first-ever Bayu Undan condensate cargo via a tender for loading in August, two sources with knowledge of the matter said.The 650,000-barrel cargo is scheduled to load on Aug. 8-12. The tender will close on June 17 with bids valid until June 18…
Motive Offshore, marine equipment fabrication and rental specialist based in Scotland, has signed a memorandum of understanding with Orca Offshore for collaboration in Azerbaijan.The two-year agreement with the offshore design, fabrication and installation specialist will be focussed in Azerbaijan…
Norwegian seismic acquisition company PGS has said that its Ramform Titan has completed a seismic survey project in Brazil, breaking a streamer spread record in the process.The company said Tuesday that it had completed the survey on the first…
Australia's oil and gas company Santos has entered into a new gas supply agreement with Gold Fields Limited for its three gold mines in Western Australia.Santos will supply nearly 5.5 petajoules of natural gas from its Varanus Island gas plant over three years…
Norwegian seismic data company TGS has said it has, with its partners, completed the Jaan 3D seismic survey covering the MSGBC Basin in NW Africa acquired in partnership with PGS and GeoPartners. Comprising over 28,000 square kilometers, the 3D survey spanning offshore Senegal…
Dutch offshore and dredging contractor Van Oord said Tuesday it would lay off 500 people, citing effects of COVID-19 on its business.Van Oord said: 'As a company operating on a global scale, COVID-19 is having a major impact on our business…
Japan's Inpex Corp said on Tuesday it has completed the previously launched refinancing of part of the funding for the Ichthys liquefied natural gas (LNG) project in Australia.Announcing a deal with seven export credit agencies and 28 commercial banks aimed at improving borrowing conditions…
Norway's Ulstein is set to begin the outfitting phase of the Nexans Aurora, a large, DP3, cable laying vessel (CLV) Nexans ordered from Ulstein in 2018.The Nexans Aurora hull arrived Ulstein Verft on Monday, June 15, 2020, after having been built at CRIST…
The Acorn carbon capture and storage and hydrogen project in the UK North Sea will get Scottish Government funding to help drive forward Scotland’s Net Zero carbon targets by 2045. The funding is part of a five year, £62m package will be provided by a new scheme…
Subscribe
