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Business Developments & Projects

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Illustration; Source: Peru LNG
Business Developments & Projects

New partner joins South America’s inaugural LNG export facility

EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).

about 2 years ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping welcomes first plug-in hybrid newbuild in Sweden, unveils names of remaining units

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, said that its first plug-in hybrid newbuilding Electramar reached the Baltic Sea, marking the end of a long voyage from India around the Cape of Good Hope to Europe.

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about 2 years ago
'Good start' to 2024 for Nexans with record subsea-driven backlog
Business Developments & Projects

‘Good start’ to 2024 for Nexans with record subsea-driven backlog

Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne

about 2 years ago
Maintenance checks on recently commissioned S-938 well; Source: Heritage
Business Developments & Projects

Start-up of another well boosts Trinidad and Tobago’s oil production

Heritage Petroleum Company Limited (Heritage) has brought on stream a new oil well off the coast of Trinidad and Tobago.

about 2 years ago
Hydrogen industry in Canada receives $57 million boost
Business Developments & Projects

Hydrogen industry in Canada receives $57 million boost

The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.

about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Business Developments & Projects

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
Dorado drillship; Source: Pelago Management
Business Developments & Projects

Drillship reaches its destination to await its inaugural drilling assignment

A newbuild ultra-deepwater drillship, acquired by Eldorado Drilling, has arrived in Malaysia, where it will stay until it secures its maiden drilling job.

about 2 years ago
Illustration; Source: Texas LNG
Business Developments & Projects

Texas LNG tucks another tolling deal under its belt

Texas LNG has signed a second heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services.

about 2 years ago
European Investment Bank to support Plagazi’s Köping Hydrogen Park
Business Developments & Projects

European Investment Bank to support Plagazi’s Köping Hydrogen Park

Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.

about 2 years ago
Factory acceptance testing tick for Norwegian long-range AUV
Business Developments & Projects

Factory acceptance testing wraps up for Norwegian long-range AUV

Norway’s Kongsberg Discovery has completed factory acceptance testing for the first production system of its long-range autonomous underwater vehicle (AUV) HUGIN Endurance. Sea trials for the first production unit began in September 2023, and over the last months, the Kongsberg Discovery Uncrewed Pl

about 2 years ago
James Hill, CEO of MCF Energy
Business Developments & Projects

Op-ed: Hormuz blockage – A potential win for the LNG market?

A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.

about 2 years ago
New partnership to decarbonize maritime sector through ammonia deployment
Business Developments & Projects

New partnership to decarbonize maritime sector through ammonia deployment

Hanwha Ocean, Hanwha Aerospace and Amogy have entered a partnership to accelerate the decarbonization of the maritime industry through the deployment of ammonia technology.

about 2 years ago
FPF-1 facility; Source: Ithaca Energy
Business Developments & Projects

Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters

Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Business Developments & Projects

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago