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Business Developments & Projects

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The Switch
Business Developments & Projects

US throws off the regulatory shackles of red tape snags to unlock LNG export bonanza

The U.S. Department of Energy (DOE) has set its mind on freeing its liquefied natural gas (LNG) industry from the burden of regulatory barriers standing in the way of unleashing an LNG export boom by moving beyond the setback it perceives to stem from Biden-era policy requirements.

about 1 year ago
LNG terminal at night
Business Developments & Projects

Sempra divesting ‘non-core’ assets to focus on US utilities

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North America’s energy company Sempra has decided to sell one subsidiary and divest a minority stake in another one to simplify its portfolio and support the growth of its Texas and California utilities.

about 1 year ago
Tsuneishi launches Japan’s first hydrogen dual-fuel tugboat
Business Developments & Projects

Tsuneishi launches Japan’s first hydrogen dual-fuel tugboat

Japan’s Tsuneishi Shipbuilding has launched the country’s first tugboat equipped with a hydrogen-powered internal combustion engine.

about 1 year ago
FPSO Cidade de Vitória; Source: Saipem
Business Developments & Projects

Brazilian oil & gas asset to continue offshore production phase until 2042

BW Energy has cheered the stamp of approval for the extension of a license production phase to 2042 for its asset in the Espírito Santo Basin off the coast of Brazil.

about 1 year ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

COSL rig spuds last well on its North Sea list with Serica

Serica Energy is bringing its multi-well drilling campaign and work-over program in the North Sea to an end, as a rig from COSL Drilling Europe has started drilling the final well in this campaign on the UK Continental Shelf (UKCS).

about 1 year ago
Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says
Business Developments & Projects

Scottish firm’s tidal energy converter secures Lloyd Register’s feasibility statement

Marine classification society Lloyd’s Register (LR) has awarded Scotland-based renewable energy company Orbital Marine Power an International Electrotechnical Commission for Renewable Energy (IECRE) feasibility statement for its O2-X tidal energy converter (TEC). According to LR, the O2-X, an upgrad

about 1 year ago
Galveston LNG Bunker Port inks first bunker supply deal
Business Developments & Projects

Galveston LNG Bunker Port inks first bunker supply deal

Galveston LNG Bunker Port (GLBP) has executed the first sales and purchase agreement (SPA) for the supply of LNG of its proposed liquefaction project in Texas City Industrial Complex within Galveston Bay.

about 1 year ago
An LNG terminal
Business Developments & Projects

MET Group appoints new head to oversee LNG growth

Switzerland-headquartered energy company MET Group has named a new leader for its liquefied natural gas (LNG) unit.

about 1 year ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Business Developments & Projects

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago
HMM’s newbuild receives methanol at Port of Shanghai
Business Developments & Projects

HMM’s newbuild receives methanol at Port of Shanghai

South Korean shipping major HMM has completed methanol bunkering for its first methanol-powered containership, HMM Green.

about 1 year ago
Japanese players join forces to expedite CCS project development
Business Developments & Projects

Japanese players join forces to expedite CCS project development

Japan’s Inpex Corporation and Kanto Natural Gas Development have established a joint venture (JV) to accelerate research and planning in relation to a carbon capture and storage (CCS) project commissioned by the Japan Organization for Metals and Energy Security (JOGMEC).

about 1 year ago
Inna Braverman, Terry Tamminen, and Arnold Schwarzenegger in a visit to Eco Wave Power's pilot in LA
Business Developments & Projects

Final permit secured for Shell co-funded wave energy project in LA

Wave energy developer Eco Wave Power has received Revocable Permit 25-05 from the Port of Los Angeles, allowing the company to proceed with the construction and demonstration of its wave energy technology at Berth 70 in San Pedro, California. According to Eco Wave Power, the permit was approved and

about 1 year ago
Development and operation plan handed in for Northern Lights expansion
Business Developments & Projects

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago
Europe unlikely to meet its 2030 hydrogen production targets, report says
Business Developments & Projects

Europe unlikely to meet its 2030 hydrogen production targets, report says

Less than 20% of the EU’s planned hydrogen project pipeline is expected to be realized by 2030 without urgently addressing critical points that create a widening gap between ambition and reality in Europe’s hydrogen sector, according to the latest report from energy market research and consultancy f

about 1 year ago