Business Developments & Projects
Gas field surpasses its export capacity to ensure energy security in Philippines due to grid alert
Prime Energy has tucked a new export capacity milestone under its belt at a natural gas field off the coast of the Philippines, Asia.
Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?
The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.
Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman
Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.
TotalEnergies becoming sole owner of Malaysian firm to boost gas production
TotalEnergies has taken steps to bolster its gas production in Malaysia by signing a deal with Sapura to obtain its entire stake in SapuraOMV.
Balticconnector gas pipeline back in operation following six-month shut-down
The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec
ACWA Power unites with IRENA to bolster renewable energy transition
ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.
Tenth LNG dual-fuel bulker joins Himalaya Shipping’s fleet
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the tenth 210,000 dwt Newcastlemax LNG dual-fuel newbuild from China’s New Times Shipyard.
Singapore-LA-LB green shipping corridor has vast decarbonization potential, study finds
One year after the signing of the memorandum of understanding (MoU) to establish a Green and Digital Shipping Corridor (GDSC), the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach have completed a comprehensive baselining study. As informed, the study foreca
Tidal test site in Massachusetts first in US to receive federal license
The BTTS stands as the sole tidal test site in the U.S. to attain this license. With this license, the turbines can directly feed renewable electricity into the grid.
Equinor and Nexans extend long-term relationship with four-year agreement
Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that
SBM Offshore gets its hands on $250 million FPSO construction loan
Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.
Yang Ming wraps up inaugural biofuel bunkering in Shenzhen with Banle Energy’s assistance
Yang Ming has completed its inaugural B24 biofuel bunkering supply in Shenzhen, China, with support from Banle Energy.
Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry
Shift and JLand Group (JLG) have signed an MoU to evaluate the establishment of a marine battery production facility in Johor.
TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub
TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.