Traditional oil & gas project financing has witnessed a marked change in recent years as the industry struggled through demand shocks during Covid and price volatility, first on account of a sustained but short-lived post-Covid recovery in 2021, and more recently in the aftermath of Russia’s Ukraine invasion last year
Industry
Amarinth wins further bespoke pumps order for Iraq
Amarinth, designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, has won another order from Iraq Gates Contracting Company (IGCC), this time for two bespoke API 610 12th Edition VS4 vertical pumps for the Rumaila oilfield, Iraq
Halliburton and Siguler Guff announce joint venture for emissions management software
Halliburton and Siguler Guff & Company have launched Envana Software Partners, which provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond
Baker Hughes and AWS collaborate on automated field production solution
Baker Hughes has signed a strategic collaboration agreement with Amazon Web Services (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution, the initial phase of which was introduced at the 2023 Baker Hughes Annual Meeting
DNV to launch second phase of offshore hydrogen pipelines JIP
DNV, the global independent energy expert and assurance provider, is launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction and operation of offshore pipelines to transport hydrogen – either pure or blended with natural gas