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Business Developments & Projects

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Rendering of Argentina LNG project; Source: YPF
Business Developments & Projects

$13.7 billion deals for $50B South American LNG project put into Bermuda firm’s hands

Golar LNG has gotten hold of two multibillion-dollar assignments related to a proposed liquefied natural gas (LNG) large-scale upstream and midstream integrated gas development project, estimated to be worth $50 billion, in the Sierra Grande Norte, on the South American country’s Atlantic coast.

about 1 year ago
Damen secures new tug order from Fairplay Towage
Business Developments & Projects

Damen secures new tug order from Fairplay Towage

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Dutch shipbuilder Damen Shipyards Group has received a contract to construct new tugs for Hamburg-based tugboat operator Fairplay Towage under its ongoing fleet renewal program. In addition, Damen signed a contract with Neue Schleppdampfschiffsreederei Louis Meyer.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

Oil, gas, and LNG weaving energy security web

The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur

14 minutes read
N-Sea's subsidiary to kick off pUXO campaign offshore UK in May
Business Developments & Projects

N-Sea’s subsidiary to kick off pUXO campaign offshore UK in May

The Netherlands-based UXOcontrol, a subsidiary of N-Sea Group, is set to commence UXO-related scopes at a UK offshore wind farm at the beginning of May. UXOcontrol has secured a contract to perform various UXO-related scopes on a UK wind farm both for the inter-array area as well as the export cable

about 1 year ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Fossil fuels are here to stay just like their greener brethren

The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps

12 minutes read
After Algeria and Brazil, Vallourec going to Kuwait
Business Developments & Projects

After Algeria and Brazil, Vallourec going to Kuwait

French provider of tubular solutions Vallourec has secured a contract with Kuwait Oil Company (KOC) for the supply of oil country tubular goods (OCTG) for drilling operations. The contract is seen as major and represents over $130 million in potential revenue. The agreement includes the supply of ca

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

Decarbonization: Oil & gas industry’s biggest challenge

There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas

about 1 year ago
Cedar LNG artist's rendering - View looking south from above Douglas Channel towards the proposed facility and docked LNG carrier; Source: Cedar LNG
Business Developments & Projects

Canada’s offshore oil & LNG with doors to wider markets safe from trade war tentacles, report finds

With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to b

15 minutes read
Illustration; Source: TotalEnergies
Business Developments & Projects

Step on the gas, pretty please

Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.

about 1 year ago
Amid tariff turmoil, MOL opens office in Washington
Business Developments & Projects

Amid tariff turmoil, MOL opens office in Washington

Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U.S., through its subsidiary MOL (Americas), even as tariffs continue to roil global trade and challenge the shipping sector.

about 1 year ago
An LNG terminal
Business Developments & Projects

ADNOC inks LNG deal with Indian player

ADNOC Trading, an affiliate of Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with India’s Hindustan Petroleum Corporation Limited (HPCL), a unit of the state-owned Oil & Natural Gas Corporation (ONGC).

about 1 year ago
LS Marine Solution cable
Business Developments & Projects

LS Marine Solution inks contract for Taipower Offshore Wind Project Phase II

South Korea-based LS Marine Solution has signed a contract, worth approximately $15.8 million (about €13.8 million), to lay submarine cables for the Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) in Taiwan. According to the company, the contract marks LS Marine Solution’s first win

about 1 year ago
Mocean Energy’s Blue Horizon project is progressing through design work, final testing, and preparations for manufacturing and offshore deployment as part of the EuropeWave Phase 3 program.
Business Developments & Projects

Mocean Energy’s Blue Horizon project gears up for offshore trials

Scottish wave energy company Mocean Energy’s Blue Horizon project is progressing through detailed design work, final testing, and preparations for manufacturing and offshore deployment as part of the EuropeWave Phase 3 program. According to EuropeWave, the company is advancing the detailed design of

about 1 year ago
Two men shaking hands
Business Developments & Projects

QatarEnergy to supply Shell with condensate until 2050s

QatarEnergy has signed a long-term condensate supply agreement with the Singapore-based Shell International Eastern Trading Company (SIETCO), a wholly-owned subsidiary of the UK-headquartered energy major Shell.

about 1 year ago