Baker Hughes, a global energy technology company, and Samsung Engineering Co. Ltd, one of the world’s leading engineering, procurement, construction and project management companies, have announced a collaboration with regards to low to zero-carbon projects utilizing carbon capture, utilization and storage (CCUS) and hydrogen technologies.     As part of the collaboration, Baker Hughes and Samsung […]

Karpowership SA (KPSA), a South African company that is 49% Black owned, welcomes the  announcement made by the Department of Mineral Resources and Energy (DMRE) appointing KPSA  as a Preferred Bidder for projects in the Ports of Coega, Saldanha and Richards Bay, to provide power  to South Africa’s national electricity grid under the Risk Mitigation […]

Stena drilling, an independent drilling contractor has announced its acquisition of a 30% stake in intebloc, an award winning specialist digital lifting technology solutions provider, which improves the safety and productivity of offshore lifting operations. The deal marks another milestone on Stena Drilling’s digital evolution, as it positions itself as one of the most digitally efficient […]

Baker Hughes an energy technology company has announced an investment in Electrochaea, a growth stage company developing novel proprietary bio-methanation technology. Through its investment, Baker Hughes will enhance its broader carbon capture and utilization (CCU) portfolio and provide an integrated solution for customers across the carbon dioxide (CO2) value chain to enable the production of low carbon […]

SBM Offshore has announced it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The […]

The ExxonMobil board of directors will consist of Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Gregory Goff, Kaisa Hietala, Joseph Hooley, Steve Kandarian, Alexander Karsner, Jeffrey Ubben and Darren Woods. Douglas Oberhelman, Sam Palmisano and Wan Zulkiflee will be departing the board. “Our board looks forward to continuing to work in the […]

The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities for exploring volumes near planned infrastructure. We prioritise […]

Occidental has announced it has entered into a definitive agreement to sell non-strategic acreage in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, subject to closing adjustments to reflect an April 1, 2021 effective date. The transaction, which is expected to close in the third quarter of 2021, […]

Borr Drilling Limited has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. In our most […]

TGS ASA , a global provider of energy data and intelligence, announced that it has acquired three 3D multi-client seismic surveys of Polarcus Plc. (‘Polarcus’) covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has permanently waived the revenue share rights associated with the multi-client library that TGS acquired in 2015. Polarcus has […]