Tag Archives: Splash247

Italy’s Eni has announced a significant gas discovery at the Cronos-1 well off Cyprus. The block is operated by Eni, with both End and Total Energies holding a 50% interest each. Eni estimates around 2.5 TCF of gas in place, with significant additional upside possible with a further exploration well …

On behalf of its partners in the Bacalhau oil field, Equinor Brasil has awarded Valaris a 540-day drilling contract to commence in 2023. The Valaris DS-17 drillship will be used to drill an appraisal well, cap a former exploration well and conduct additional drilling scope work in Brazil. It is …

Ukrainian military forces targeted offshore oil and gas drilling platforms in the Black Sea on Monday, the country’s officials and Russia-installed head of Crimea have said. Oleksiy Honcharenko, People’s Deputy of Ukraine, first broke the news on Telegram, which was later confirmed on the same platform by Sergei Askyonov, who …

Equinor and BP announced last week the launch of the New York-based Offshore Wind Innovation Hub, which will facilitate partnerships with start-ups that bring new technological solutions to the rapidly growing US offshore wind industry. The initiative springs from a new three-year partnership between Equinor, the Urban Future Lab (UFL) …

LNG has the highest orderbook-to-fleet ratio of any shipping segment, and yet there’s plenty of analysts suggesting there’s room for far more newbuilds to be contracted soon with 2022 on course to break new records in terms of contracting with added impetus sparked by Russia’s invasion of Ukraine. Data from …

In a potential big breakthrough on shipping’s path to decarbonisation, the Japanese look like they have minimised the issue of methane slip for ships using LNG as a fuel. Hitachi Zosen, Mitsui OSK Lines (MOL) and Yanmar Power Technologies have received approval in principle from ClassNK for a methane oxidation …

ExxonMobil this week announced its ambition to achieve net-zero greenhouse gas emissions from its operated assets by 2050. That goal applies to the company’s Scope 1 and Scope 2 GHG emissions. “We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world, and where …

Mitsui OSK Lines (MOL) and Royal Vopak (Vopak) have come to an agreement whereby Vopak will acquire 49.99% of the shares in the vessel owning company of MOL FSRU Challenger, whose name will be changed to Bauhinia Spirit, a nod to Hong Kong’s flag, which features the tropical plant. This …

Qatar Petroleum has ordered its first Chinese-built gas carriers, opting for four LNG carriers from Hudong-Zhonghua Shipbuilding in a deal worth approximately $770m. These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North …

China’s offshore oil and gas major CNOOC has initiated a carbon capture and storage (CCS) project at its Enping 15-1 oilfield in the South China Sea, making it the country’s first venture into offshore CCS plays. The project involves building facilities to capture up to 300,000 tonnes of CO2 per …