U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
Talos Energy has made a commercial oil and natural gas discovery in the Gulf of Mexico, which will be tied back to an existing platform.
Oregon State University has shared the latest updates and the upcoming steps in the construction PacWave South site, the first full-scale wave energy test facility in the United States. The PacWave South project in Seal Rock, Oregon, will be the first pre-permitted, full-scale test facility for wave
Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.
Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver
In a clash that has ignited legal flames in the heart of Louisiana, the St. Bernard Parish District Attorney’s Office has filed a lawsuit against the Port of New Orleans to halt the construction of a proposed $1.8 billion container terminal, the Louisiana International Terminal, in the Violet area.
EE North America (EENA), a subsidiary of Denmark-based European Energy, has signed a Letter of Intent (LOI) with Pennsylvania-based Montauk Renewables to purchase biogenically produced CO2 for the production of e-methanol which will be used as a marine fuel. The strategic agreement will grant EENA t
The U.S. Environmental Protection Agency (EPA) has settled with French container shipping major CMA CGM over claims of violations of EPA’s vessel general permit issued under the Clean Water Act. Under the terms of the settlements, CMA CGM will pay $165,000 in penalties for claims of violations by fo
Crown LNG Holdings, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, and Catcha Investment, a publicly traded special purpose acquisition company, have announced a definitive agreement for a business combination that is set to result in Crown becom
Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before.
Industrial gases company Air Products has signed agreements to supply its proprietary LNG process technology and equipment to Rio Grande LNG Phase 1 Project being developed by NextDecade in Brownsville, Texas. Air Products entered into agreements with Bechtel Energy Inc., an EPC contractor on the Ri
18 energy trade groups have called on the Biden administration to finalise a new five-year programme for federal offshore leasing.
