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Business Developments & Projects

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Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business Developments & Projects

$15.1 billion financing in the bag for first phase of Venture Global’s $28B LNG project

Standard Chartered, an international banking group, has shed light on its role in securing a multibillion-dollar financing for a liquefied natural gas (LNG) export project in Louisiana, which is the third such facility Venture Global, an American producer of LNG sourced from North American basins, h

about 1 year ago
hydrogen
Business Developments & Projects

EU puts €20M on the table to push wave energy forward

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The European Commission has launched a Horizon Europe pre-commercial procurement (PCP) call aimed at reducing risks in wave energy technology development. The call runs from 16 September 2025 until 17 February 2026 and allocates €20 million to advance wave energy converters to higher technology read

about 1 year ago
A jack-up rig at a shipyard
Business Developments & Projects

‘World’s largest’ jack-up starts first decom with Perenco post refurbishment

A heavy lift jack-up vessel owned by the Netherlands-based decommissioning services specialist Petrodec has started decommissioning work with the UK subsidiary of Anglo-French oil and gas player Perenco in the Southern North Sea (SNS).

about 1 year ago
‘World’s first’ dual-fuel methanol escort tug hits the water
Business Developments & Projects

‘World’s first’ dual-fuel methanol escort tug hits the water

Turkish shipbuilder Sanmar has launched “the world’s first” large purpose-built dual-fuel methanol escort tug constructed for KOTUG Canada, a partnership between KOTUG International and Canada’s Horizon Maritime.

about 1 year ago
DNV okays HD Hyundai Mipo’s ammonia dual-fuel medium gas carrier with FWD accommodation
Business Developments & Projects

DNV okays HD Hyundai Mipo’s ammonia dual-fuel medium gas carrier with FWD accommodation

DNV has awarded an approval in principle (AiP) to HD Hyundai Mipo for an ammonia dual-fuel medium gas carrier (MGC) design featuring a forward (FWD) accommodation layout.

about 1 year ago
NKT named preferred bidder for UK’s subsea green electricity superhighway
Business Developments & Projects

NKT named preferred bidder for UK’s subsea green electricity superhighway

Danish power cable manufacturer and installation firm NKT has been selected as the preferred bidder for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, set to become one of the biggest electricity transmission projects in the U

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business Developments & Projects

Equinor gets go-ahead to drill two wells off Norway

Norway’s state-owned energy giant Equinor has obtained two drilling permits from the Norwegian Offshore Directorate (NOD).

about 1 year ago
Leman Alpha complex in the North Sea
Business Developments & Projects

Petrofac staying longer on North Sea assignment with Shell’s affiliate

UK-headquartered oilfield services provider Petrofac has secured a contract extension in the North Sea, which will enable it to keep working for a subsidiary of Shell, a compatriot energy giant.

about 1 year ago
Imabari Shipbuilding
Business Developments & Projects

Imabari Shipbuilding sends forth 2,080 TEU boxship to Maersk

Japan-based major Imabari Shipbuilding has delivered an eco-friendly 2,080 TEU container vessel to Danish maritime transport heavyweight A.P. Møller – Mærsk. As informed, the vessel, which has been christened Maersk Notodden, was added to its owner’s roster on September 9. The Panama-flagged boxship

about 1 year ago
Floating solar at Hollandse Kust Noord endures first North Sea storm
Business Developments & Projects

‘World’s first’ offshore solar farm within wind farm shows resilience to strong winds

Nymphaea Aurora, described as the “world’s first” offshore solar farm within a wind farm, has endured its first strong winds of 70 km/h without damage, Dutch offshore solar company Oceans of Energy said. “Good morning, Nymphae Aurora withstood its first strong winds (70 km/hr) of the last 24 hours v

about 1 year ago
Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028
Business Developments & Projects

Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028

Subsea7 has secured a new project with Saudi Arabia’s energy giant Aramco under their long-term agreement (LTA), covering pipeline work and topside modification. Subsea7’s contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometers of infield and exp

about 1 year ago
Map of São Tomé and Príncipe's offshore blocks
Business Developments & Projects

Shell, Galp and Petrobras team up on African exploration block

A consortium comprising three giants – the U.K.’s Shell, Brazil’s Petrobras, and Portugal’s Galp – has acquired a block located off the coast of São Tomé and Príncipe, Africa.

about 1 year ago
Rendering of the proposed Monkey Island LNG terminal
Business Developments & Projects

$35 billion offtake deal paving the way for development of Louisiana’s proposed LNG project

Monkey Island LNG (MILNG), a private company addressing the global energy crisis and growing demand for liquefied natural gas (LNG) through the development of U.S. natural gas infrastructure, has secured a memorandum of understanding (MoU) with an undisclosed investment-grade international oil compa

about 1 year ago
Sevan's semi-submersible FPU design; Source: Sevan Deepwater Technology (Sevan DWT)
Business Developments & Projects

New design of semi-sub floating production unit expands Norwegian firm’s offshore energy offering

Norway’s specialized marine engineering and design house Sevan Deepwater Technology (Sevan DWT), formerly Sevan SSP, has unveiled a new concept for a semi-submersible floating production unit (FPU) designed for deployment across the offshore energy realm, including the oil and gas arena.

about 1 year ago