Business Developments & Projects
Höegh Autoliners obtains new $720M loan for Aurora newbuilds, ship purchase
Höegh Autoliners has secured new and long-term financing for all its existing bank debt, the purchase of two vehicles carriers as well as four of the LNG-powered Aurora newbuilds.
European Commission approves €350M German renewable hydrogen scheme
The European Commission has approved a €350 million German scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool.
Provaris and GES agree to develop new hydrogen import facility in Rotterdam port
Provaris Energy and Global Energy Storage (GES) will develop a new gaseous hydrogen import facility at the GES terminal in the Rotterdam port.
WATCH: ‘Mega’ equipment piece fitted into place at Brazilian oil project ahead of FPSO arrival
Equinor has wrapped up the installation of an important component in the process of bringing online its operated oil field off the coast of Brazil.
Borr Drilling pulls off a hat trick as three rigs win multi-million gigs
Offshore drilling contractor Borr Drilling has landed new assignments for three premium jack-up rigs with undisclosed oil and gas players.
Green light for drilling of Gulf of Mexico oil & gas prospects with Noble and Seadrill drillships
LLOG Exploration has confirmed the approval of drilling activities at three wells in the U.S. Gulf of Mexico.
TotalEnergies bumps FID for Papua LNG to 2025
A meeting between the CEO of TotalEnergies and the Prime Minister of Papua New Guinea has been held to discuss the country’s LNG project.
Eco Wave Power on the lookout for top wave energy locations along US coastline
Swedish-Israeli wave energy developer Eco Wave Power is set to carry out a feasibility study to identify the top locations for commercial onshore wave energy stations across the U.S. coastline. Eco Wave Power announced it was selected by a “major energy company” to conduct a comprehensive feasibilit
Canada’s Cedar LNG moves to finalization of FLNG design stage with 20-year commercial offtake in the bag
Cedar LNG has notched new milestones, thanks to a notice to proceed (NTP) that has been sent to the EPC contractors in the aftermath of the finalization of long-term commercial offtake agreements.
ACME and Hydrogenious eye hydrogen value chains from Oman to Europe
ACME Group and Hydrogenious LOHC Technologies will explore the joint development of large-scale hydrogen supply chains from Oman to Europe.
Carnegie reserves site for CETO wave energy device deployment in Spain
CETO Wave Energy Ireland (CWEI), a subsidiary of Carnegie Clean Energy, has inked an assignment agreement that ensures its access to a berth reservation agreement within the Biscay Marine Energy Platform (BiMEP).
FSRU for Asia’s gas-to-power project comes into operation
Mitsui O.S.K. Lines (MOL) has kicked off commercial operations for a FSRU to provide LNG to a power plant in West Java, Indonesia.
Material uplift on the cards for Nigerian offshore gas field
The initial internal review of reinterpreted 3D seismic data for a field offshore Nigeria suggests a material uplift on its potential and value.
G2 Ocean expands its fleet with up to four ammonia/methanol-ready vessels
G2 Ocean has expanded its fleet with up to four 82,300 deadweight ton (dwt) ammonia/methanol-ready open hatch vessels.