Business news

It focuses on the experts, companies, and solutions driving the maritime industry towards a more successful and sustainable future.

North America oil and gas production is heading towards a new high in 2023, extending its lead as the world’s top producing region.

To date, 50 companies, representing more than 40% of global oil production, have signed on to the OGDC launched at COP28.

Analysis of 2023 oil and gas trends shows companies adjusting to a changing market, with regions looking to cleaner energy and new tech.

It has secured a million-dollar contract in the Gulf of Mexico which will see the business deploy its inspection technology across multiple oil and gas platforms.

Subsea7 has announced the sizeable extension of an existing frame agreement by bp, for subsea construction, inspection, repair and maintenance services.

Aberdeen facility certified to train lifting personnel working in construction, nuclear and clean energy.

UTEC strengthens survey services with Saudi-owned Front End strategic partnership.

Russia said it would deepen oil export cuts in December by potentially 50 000 bpd or more.

The pipeline was restarted following repairs, integrity testing, and regulatory approval of the restart plan.

Pembina has entered into an agreement to acquire Enbridge’s interests in Alliance, Aux Sable and NRGreen for an aggregate purchase price of approximately CAN$3.1 billion.

DNV is the lead partner for NGT in further expanding a world first hydrogen pipeline research facility, FutureGrid.

Authorities say more than 25 000 gallons of gasoline spilled when part of a pipeline failed in northwestern Washington state.

This paves the way for the pipeline construction project in Tanzania.

More than 20 billion cubic feet per day of natural gas pipeline capacity is under construction.