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Crowley and Seacor to Form JV Fairwater Holdings for U.S. Jones Act Service Provider
September 22, 2023
Global maritime and logistics leaders Crowley and SEACOR Holdings, through SEACOR’s subsidiary Seabulk Tankers, have entered into an agreement to form a joint venture that will integrate their liquid energy and chemical transportation vessels, operations, and related services into a
ExxonMobil Completes $2 Billion Expansion of Baytown Petrochemical Complex, Texas
September 22, 2023
ExxonMobil has commenced operations of two new chemical production units at its Baytown petrochemical complex in Texas to mark the completion of a $2 billion expansion project. The two new additions to the Baytown refinery are a performance polymers line
NERC Assessment Identifies New Risk to Grid Reliability: Energy Policy
September 22, 2023
There are five “significant evolving and interdependent risks” to grid reliability, and energy policy tops the list, the North American Electric Reliability Corp. said in a report published Monday. Rounding out the five risks are grid transformation, extreme events, security,
Norwegian Seismic Data Companies TGS and PGS to Merge in $864 Million Deal
September 22, 2023
Norway-based energy data and analytics company TGS has agreed to acquire the oilfield service company PGS in an all-share transaction valued at US$864 million (NOK$9.3 billion). Under the terms of the acquisition, PGS shareholders will receive 0.06829 ordinary shares of
Global Maritime Appoints James Vavasour as Business Stream Director for Warranty Survey Services
September 22, 2023
Global Maritime has appointed James Vavasour as the global business stream director for Marine Warranty Survey (MWS) services. In this key role, James will lead and direct its marine warranty survey services on a global scale. “We are thrilled to
Repsol Sells Canadian Exploration and Production Assets to Peyto for $468 Million
September 21, 2023
Repsol has agreed to sell its oil and gas assets in Canada to Peyto for $468 million as part of its ongoing portfolio management to focus activity on core regions. The agreement encompasses all the mineral rights, related facilities and
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
September 21, 2023
SBM Offshore and Mitsubishi Heavy Industries (MHI) have signed a partnership agreement that will offer a CO2 capture solution for floating production storage and offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows
Commonwealth LNG and EQT Sign Heads of Agreement for LNG Supply
September 21, 2023
Commonwealth LNG has entered into a heads of agreement (HOA) with EQT for 1 million tons per annum of LNG under a 15-year tolling agreement, and associated gas supply to Commonwealth LNG’s facility in Cameron, Louisiana. “We are very pleased
Nauticus Robotics Secures Offshore Service Agreement with Shell
September 21, 2023
Nauticus Robotics, Inc. has entered into a service contract with Shell. The initial scope of work includes inspection services on a Shell subsea field development in the Gulf of Mexico, and the contract contemplates visible future inspection service projects. The
FET Subsea Launches New ROV Tooling Rental Offering
September 21, 2023
Forum Energy Technologies (FET) has introduced a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as
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