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Business & Finance

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Three players pool resources on Thai carbon capture and storage gig to speed energy transition
Business & Finance

JGC-Technip Energies consortium in FEED battle for Inpex’s 20 billion LNG project and FPSO

A consortium, consisting of JGC Indonesia, a subsidiary of Japan’s JGC Holdings Corporation, and Indonesian affiliates of Technip Energies, has confirmed its participation in a competitive dual front-end engineering and design (FEED) portion of work and engineering procurement and construction (EPC)

about 1 year ago
JDR cables to electrify Eni’s UK carbon capture and storage project
Business & Finance

JDR cables to electrify Eni’s UK carbon capture and storage project

UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, is set to supply subsea power cables for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. JDR will deliver around 100 kilometers of 33 kV subsea cables fo

about 1 year ago
Hanwha
Business & Finance

South Korea’s Hanwha to pour $5B into US Philly Shipyard, orders new batch of ships

South Korean shipbuilder Hanwha Group has unveiled a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting the growth of the U.S. shipbuilding industry through a $150 billion investment fund.

about 1 year ago
Prysmian’s cable layers start installing two subsea interconnections in Spain
Business & Finance

Prysmian’s cable layers start installing two subsea interconnections in Spain

Two cable-laying vessels (CLVs) owned by Italian cabling giant Prysmian Group have begun work on two submarine power interconnections in Spain, as part of contracts together worth approximately €250 million, announced in 2022. Prysmian is in charge of the design, supply, installation and commissioni

about 1 year ago
Darwin LNG; Source: Santos
Business & Finance

With extension in effect, XRG-led consortium hammers away at $19B Santos takeover terms

Australia’s energy player Santos has signed up for a multi-week extension of the deadline set for negotiations regarding an $18.7 billion non-binding indicative offer received from a consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Ho

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business & Finance

TEAMER selects 18 new marine energy projects for technical support

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 18 projects through its 16th request for technical support (RFTS), representing over $2.7 million in funding. The Technical Support Recipients (TSRs) will receive assistance across numerical modeling, labo

about 1 year ago
An aerial view of an LNG complex
Business & Finance

BP tasks Baker Hughes with 90-month job on Asian LNG project

U.S.-headquartered energy technology giant Baker Hughes has landed a long-term deal with BP, a UK-headquartered energy player, for work on a liquefied natural gas (LNG) plant in Papua Barat, Indonesia.

about 1 year ago
Ghana's first deepwater OBN seismic survey entrusted to Norwegian firm
Business & Finance

Ghana’s first deepwater OBN seismic survey entrusted to Norwegian firm

Following the announcement about a deepwater ocean bottom node (OBN) contract in Angola from earlier today, Norway’s Shearwater GeoServices has now reported the award of Ghana’s first deepwater OBN seismic survey. The OBN seismic survey will cover the Jubilee and TEN fields operated by Tullow Oil, a

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig set to kick off gas drilling ops mid-October offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has modified its timeline for the start of a two-well gas exploration campaign in the Otway Basin, which will be undertaken with one of Transocean’s rigs off the coast of Australia.

about 1 year ago
Baleària
Business & Finance

Baleària broadens network following strategic route acquisition in Spanish waters

Spain-based ferry operator Baleària has finalized an agreement with compatriot shipping company Armas Trasmediterránea to acquire its business in the Canary Islands and the Alboran Sea, as well as part of the business in the Strait of Gibraltar, which has been purchased by Denmark’s DFDS. As part of

about 1 year ago
Illustration; Source: Trafigura
Business & Finance

Korea’s gas player taps Singapore’s Trafigura for LNG offtake

Trafigura, a Singapore-headquartered commodities group, has secured a multi-year deal to supply liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS), the Republic of Korea’s national gas company, said to be one of the world’s largest importers of LNG.

about 1 year ago
Tangguh LNG; Source: BP
Business & Finance

Chinese giant expands its oil & gas footprint in Southeast Asia

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has enlarged its Asian portfolio with two exploration blocks in Indonesia.

about 1 year ago
Cerberus
Business & Finance

Bringing ‘manufacturing renaissance’ to US: HD Hyundai, Cerberus, KDB to help revitalize US maritime capabilities

South Korean conglomerate HD Hyundai and American alternative investment firm Cerberus Capital Management have decided to enter into a strategic partnership to launch a new maritime investment strategy, Cerberus Maritime.

about 1 year ago
CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship
Business & Finance

CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship

Greek shipowner Capital Clean Energy Carriers (CCEC) has entered into an agreement to sell a Neo-Panamax container vessel and secured financing for six dual-fuel medium gas carrier (MGC) newbuilds.

about 1 year ago
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