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Business & Finance

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MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

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

25-year PSC chapter paving the way for gas development offshore Vietnam

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Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia.

about 1 year ago
Borr Drilling
Business & Finance

Borr Drilling sets the stage for liquidity boost and CEO succession

Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.

about 1 year ago
An offshore rig illuminated by lights at sunset
Business & Finance

Australia ups decarbonization ante: First offshore CCS undertaking gets major project status

As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a majo

about 1 year ago
China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary
Business & Finance

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago
India
Business & Finance

India establishes dedicated maritime finance corporation to boost innovation

India’s Ministry of Ports, Shipping & Waterways (MoPSW) has officially inaugurated the Sagarmala Finance Corporation Limited (SMFCL), the country’s first non-banking financial company (NBFC) in the maritime sector. Initially envisaged to be named Sagarmala Development Company Limited, SMFCL is antic

about 1 year ago
DP World unit takes controlling stake in NovaAlgoma Cement Carriers
Business & Finance

DP World unit takes controlling stake in NovaAlgoma Cement Carriers

P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.

about 1 year ago
Floatel Triumph
Business & Finance

Floatel’s 2016-built vessel finds another job in Australian waters

Floatel International, a Norwegian offshore accommodation provider, has won a new contract for a nine-year-old semi-submersible accommodation vessel off the coast of Australia.

about 1 year ago
VARD via LinkedIn (Screenshot)
Business & Finance

VARD launches hybrid cable lay & construction vessel for Japanese offshore wind (Video)

Norwegian ship designer and shipbuilder VARD has launched the hybrid power cable lay and construction vessel it is building for the Japanese company Toyo Construction at its shipyard in Romania. VARD held the keel laying ceremony in September 2024 for the vessel, while this March the aft part of NB

about 1 year ago
H2SITE secures EU funding to deploy ammonia cracker at European port
Business & Finance

H2SITE secures EU funding to deploy ammonia cracker at European port

Spanish hydrogen solutions provider H2SITE has secured funding from the EIC (European Innovation Council) Accelerator program to deploy its flagship ammonia cracking unit at a port in North-West Europe.

about 1 year ago
Illustration; Source: Longitude Engineering
Business & Finance

ABL’s engineering arm gets job on next chapter of Shell’s deepwater gas field

Longitude Engineering, part of Oslo-listed energy, marine, and engineering consultancy ABL Group, has been hired to handle detailed engineering and project management services for a Shell-operated gas project in the West Delta Deep Marine (WDDM) concession off the coast of Egypt.

about 1 year ago
Hong Kong unveils new scheme to boost green marine fuel bunkering
Business & Finance

Hong Kong unveils new scheme to boost green marine fuel bunkering

The Marine Department of the Hong Kong Special Administrative Region (HKSAR) has launched an incentive scheme for bunkering of green marine fuels.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

More US LNG coming to Ukraine with new Naftogaz-Orlen deal

Naftogaz Group and Poland’s Orlen have signed on the dotted line to enable Ukraine to receive an additional 140 million cubic meters of liquefied natural gas (LNG) from the United States.

about 1 year ago
Nordic Baltic Hydrogen Corridor receives EU funding support
Business & Finance

Nordic Baltic Hydrogen Corridor receives EU funding support

The project promoters of the Nordic Baltic Hydrogen Corridor (NBHC) have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC.

about 1 year ago