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Canada’s Ksi Lisims LNG concludes first LNG offtake agreement with Shell
Canada’s Ksi Lisims LNG, a co-development of the Nisga’a Nation, Rockies LNG, and Western LNG, has signed a 20-year LNG sale and purchase agreement (SPA) with Shell. This is the first LNG offtake agreement executed by Ksi Lisims LNG. Under the agreement, Shell will purchase 2 million tonnes of LNG p
NextDecade enters $62.5M credit deal as work on Rio Grande LNG progresses
NextDecade LNG, a wholly owned subsidiary of U.S.-based energy company NextDecade, has made a credit agreement with MUFG Bank, as lender and administrative agent that provides for a $50 million senior secured revolving credit facility and a $12.5 million interest term loan to be utilized, among othe
Castrol: Will hydraulic systems bridge shift to all-electric subsea oil & gas production?
Castrol, part of the BP group, has provided its take on whether hydraulic systems will be thrown out with the all-electric subsea production bathwater.
While strengthening hydrocarbon ties, Guyana and India also pooling resources for green energy
India recently greenlighted the inking of a memorandum of understanding (MoU) with Guyana to join forces in the hydrocarbon sector.
Wood gets topside engineering work on Woodside’s Gulf of Mexico FPU
Wood has been hired by HD Hyundai Heavy Industries (HHI) for detailed engineering of the topsides facilities on a floating production unit (FPU) destined for Woodside’s deepwater oil project.
Germany: Ship caught using banned high sulphur fuel in SECA
A Panama-flagged ship has been caught using banned high sulphur fuel oil (HSFO) in a sulphur emission control area (SECA), according to Germany’s water police.
KBR’s technology selected for green ammonia project in Malaysia
A consortium consisting of Lotte Chemical, Korea National Oil Corporation (KNOC) and Samsung Engineering has chosen KBR’s K-GreeN technology for Lotte Chemical’s green ammonia project, a part of H2biscus green hydrogen and ammonia project development in Sarawak, Malaysia. Specifically, under the ter
Iberdrola, World Bank eyeing offshore wind, green hydrogen projects in emerging markets
Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a €300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already allocate
Offshore wind: Both challenges and enormous opportunities lie ahead
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
Tracerco secures million-dollar contract in Gulf of Mexico
Tracerco has secured a million-dollar contract in the Gulf of Mexico, under which the company will deploy its pipeline inspection technology, Discovery, across a number of oil and gas platforms in the region. This new technology will be utilized by three leading U.S. energy companies, all of whom op
Stolt Tankers joins Science Based Targets initiative
Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, revealed it has committed to developing science-based targets to help achieve net zero in the maritime sector.
Equinor’s H2M Eemshaven project to reform natural gas to hydrogen with CCS
Norwegian energy major Equinor and global industrial gases and engineering company Linde have signed a project development agreement to work as partners on the H2M Eemshaven low-carbon hydrogen project in the Netherlands. Equinor’s H2M Eemshaven project aims to build a production facility in the Eem
Only Barents Sea CO2 exploration license gets new operator
The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN a li
HD KSOE kicks off new year with orders for two VLACs and two LPG carriers
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has received orders to build two very large ammonia carriers (VLAC) and two liquefied petroleum gas (LPG) carriers.