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Business & Finance

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Rendering of Louisiana LNG terminal
Business & Finance

Woodside unlocks $1.9 billion injection into $17.5B US LNG project with Williams partnership

By sealing an alliance with Williams, a U.S. natural gas infrastructure player, Australia’s energy giant Woodside Energy has boosted capital and offtake momentum for its liquefied natural gas (LNG) development project in Calcasieu Parish, Louisiana.

about 11 months ago
DOF’s subsea duo gets prolonged assignments in Guyana
Business & Finance

DOF’s subsea duo gets prolonged assignments in Guyana

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Norwegian vessel owner DOF Group has secured contract extensions that will keep two subsea vessels at work in Guyana. The contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Thanks to the extensions, the 2010-built Skandi Nomad is contract

about 11 months ago
Illustration; Source: Velesto Energy
Business & Finance

Reimaging jack-ups’ role in Malaysia: Rig-installed platforms to streamline shallow-water oil & gas developments

Malaysia’s Velesto Energy is setting the stage to cut development costs for operators by launching an integrated offshore model with ICON Engineering to deliver rig-installed wellhead platforms (RIWHPs) for offshore oil and gas field developments in Malaysian waters.

about 11 months ago
Ocean Winds sells stake in 500 MW French offshore wind farm to Allianz for €200 million
Business & Finance

Ocean Winds sells stake in 500 MW French offshore wind farm to Allianz for €200 million

Ocean Winds, a joint venture of EDPR and Engie, has decided to sell a minority stake in the 500 MW Îles d’Yeu and Noirmoutier offshore wind farm in France to Allianz Global Investors. Under the agreement, Ocean Winds will sell a 20.25% stake in the project for an equity value of €200 million, implyi

about 11 months ago
Yinson GreenTech unveils next-gen all-electric cargo vessel, the Hydromover 2.0
Business & Finance

Yinson GreenTech unveils next-gen all-electric cargo vessel, the Hydromover 2.0

Singapore-based green technology solutions provider Yinson GreenTech (YGT) has unveiled its next-generation fully electric cargo vessel, the Hydromover 2.0, and secured a landmark agreement for its deployment in the United Arab Emirates (UAE).

about 11 months ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business & Finance

Coast is clear for Golar’s 20-year FLNG assignment in Argentina

Golar Hilli Corporation, a subsidiary of the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG, has received the all-systems-go signal for a two-decade-long charter of its floating LNG (FLNG) unit at Argentina’s LNG project on the South Americ

about 11 months ago
Pioneering Spirit removes Eider Alpha platform; Source: Allseas
Business & Finance

WATCH: Allseas, TAQA pull off North Sea decom milestone with 11,600-tonne platform removal

Allseas has added a new decommissioning feat to its book of achievements with the removal of a platform in the Northern North Sea (NNS).

about 11 months ago
LNG carrier; Courtesy of Wärtsilä
Business & Finance

Wärtsilä and TMS Cardiff Gas renew LNG heptad deal for vessel ops support

Finnish technology group Wärtsilä is staying longer on the liquefied natural gas (LNG) carrier lifecycle duty with Greece’s TMS Cardiff Gas, part of TMS, thanks to a multi-year deal for seven LNG vessels.

about 11 months ago
NKT invests in cable lay barge from Boskalis
Business & Finance

NKT invests in cable lay barge from Boskalis

Danish power cable manufacturer and installation firm NKT has made an investment in a cable lay barge from Dutch Boskalis, further strengthening its offshore cable installation tools and capabilities. NKT is planning to upgrade the Boka Constructor and modernize it for near-shore cable laying and bu

about 11 months ago
C40 Cities
Business & Finance

UCL: Climate transition could hit South Korean, Chinese, and European shipping financiers hardest

European, Chinese and South Korean financiers have over half of their portfolio tied to oil and gas carriers that are most at risk of becoming stranded assets in the global rush to shift to a low-carbon energy system, a new report by UCL’s Energy Institute Shipping and Oceans Research Group suggests

about 11 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

$28 billion US LNG project in the Pelican State clears key regulatory export checkpoint

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has received the final seal of approval to export up to 3.96 billion cubic feet (bcf) per day of U.S. natural gas as liquefied natural gas (LNG) to non-free trade agreement (FTA) countries from it

about 11 months ago
Haesong Kepco
Business & Finance

Haesong Offshore Wind, KEPCO partner on smart fault detection tech for subsea cables

South Korea’s Haesong Offshore Wind has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO) to introduce Smart Fault Locator (SFL) technology for submarine cable fault detection. The Haseong Offshore Wind 1-3 projects are managed and funded by Copenhagen Infrastr

about 11 months ago
Funding to accelerate 'sea snake' wave energy converter toward sea trials
Business & Finance

Funding to accelerate ‘sea snake’ wave energy converter toward sea trials

UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes

about 11 months ago
Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships
Business & Finance

Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships

Taiwanese container shipping company Evergreen Marine Corporation has commissioned Chinese and South Korean shipyards to build a total of 14 LNG dual-fuel containerships in its latest fleet expansion move.

about 11 months ago