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Business Developments & Projects

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Photo caption (L to R): Matthew Tremblay, ABS Senior Vice President, Global Offshore Markets; Rostom Merzouki, ABS Vice President, Global Sustainability; John Ki Lim, Hanwha Ocean General Manager and
Business Developments & Projects

Hanwha Ocean’s design solution allowing LNG carrier’s switch to ammonia gets ABS’ thumbs-up

The American Bureau of Shipping (ABS), a classification society, has handed out approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system design that enables a liquefied natural gas (LNG) carrier (LNGC) to shift from LNG to ammonia fuel without replacing the fuel tank or f

14 days ago
FLNG; Source: Exmar
Business Developments & Projects
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Exmar’s FLNG conversion earns Bureau Veritas’ seal of approval

An approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV), part of Bureau Veritas Group, is paving the way for Belgian shipping company Exmar to breathe life into its floating liquefied natural gas (FLNG) concept based on the conversion of an existing membrane-type LNG carrier.

14 days ago
Denmark opens EU’s first full-scale CO2 storage site
Business Developments & Projects

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to

14 days ago
Vietnam-made cable layer enters into service in Taiwan
Business Developments & Projects

Vietnam-made cable layer enters into service in Taiwan

A new cable-laying vessel (CLV) built in Vietnam for ATE Energy International has entered into service in Taiwan, where it will be deployed for subsea infrastructure and offshore energy projects. Oceanus 1, which arrived in Kaohsiung on September 16, was built by Pacific Shipbuilding Joint Stock Com

14 days ago
Abadi LNG development concept; Source: Inpex
Business Developments & Projects

Worley helps propel $21B Asian LNG and CCS project forward with FEEDs now out of the way

Australia’s engineering firm Worley has delivered front-end engineering designs (FEEDs) for two critical infrastructure packages related to a multibillion-dollar liquefied natural gas (LNG) and carbon capture and storage (CCS) development project in Indonesia’s Masela block, operated by Inpex Masela

14 days ago
Baleine FPSO; Source Altera
Business Developments & Projects

SOCAR spreads its wings into Africa’s oil & gas arena by coming aboard Eni’s project

The State Oil Company of the Republic of Azerbaijan (SOCAR) has entered Africa’s offshore energy realm by acquiring a stake in an oil and gas field development off the coast of Côte d’Ivoire.

14 days ago
French firm expands its work scope for one of the world’s largest deepwater fields
Business Developments & Projects

New contracts for Vallourec in Brazil and Greece for oil & gas and CO2 storage

French provider of tubular solutions Vallourec has won a contract with Subsea7 to supply carbon steel seamless line pipe and thermal insulation coating for Petrobras’ Sepia 2 project in the pre-salt Santos Basin offshore Brazil. The award, described as major, will see Vallourec supply approximately

14 days ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business Developments & Projects

Technip Energies picks up assignment on Mexican LNG project

French-based engineering player Technip Energies has been hired to work on a liquefied natural gas (LNG) export terminal in Guaymas, Sonora, on Mexico’s West Coast.

15 days ago
Commonwealth LNG; Source: Technip Energies
Business Developments & Projects

Expansion move puts US LNG project on path for almost twofold capacity boost

America’s integrated gas and liquefied natural gas (LNG) company Caturus, controlled by the energy-focused alternative investment manager Kimmeridge and supported by investments from Mubadala Energy and Canada Pension Plan Investment Board (CPP Investments), has taken steps to nearly double the plan

15 days ago
Illustration; Source: Petrobras
Business Developments & Projects

Petrobras widens its African offshore portfolio with multiple blocks in Côte d’Ivoire

Petrobras Netherlands B.V. (PNBV), a subsidiary of Brazil’s state-owned energy giant Petrobras, has expanded its offshore footprint with exploration blocks located in the Republic of Côte d’Ivoire.

15 days ago
WATCH: Island Offshore’s second ocean energy construction vessel goes to Norway for completion
Business Developments & Projects

WATCH: Island Offshore’s second ocean energy construction vessel goes to Norway for completion

The second hybrid power ocean energy construction vessel (OECV) that Norwegian shipbuilder VARD is constructing for compatriot shipping group Island Offshore is on its way to Norway to undergo completion. Island Offshore placed an order with VARD for the design and construction of the first hybrid p

15 days ago
Exmar will provide FSRU for Côte d'Ivoire; Source: Exmar
Business Developments & Projects

Decade-long Côte d’Ivoire FSRU deals expand Exmar’s West African LNG footprint

Belgian shipping company Exmar has penned multi-year agreements with Côte d’Ivoire Energies (CI-Energies) and Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (Petroci) to provide and operate a 152,000-cubic-meter (cbm) floating storage and regasification unit (FSRU) at the Port of Abi

15 days ago
Hornbeck Offshore wins multi-year decommissioning contract in North Sea
Business Developments & Projects

Hornbeck Offshore wins multi-year decommissioning contract in North Sea

Hornbeck Offshore Services, which recently merged with Helix Energy Solutions, has secured a multi-year decommissioning contract set to commence in the North Sea next year. The contract by a “major operator” was awarded to the company’s subsidiary Helix Well Ops (U.K.) and will have a duration of tw

15 days ago
Lamprell joins ‘major’ offshore EPCI project in UAE
Business Developments & Projects

Lamprell joins ‘major’ offshore EPCI project in UAE

A consortium of Lamprell and Larsen & Toubro (L&T) has secured a contract for an offshore engineering, procurement, construction and installation (EPCI) project in the UAE, described as major. The project includes the development of multiple offshore facilities and upgrades to existing infrastructur

15 days ago