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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

HD Hyundai Mipo books $372 million order for LNG bunkering quartet

Four 18,000 cubic meter (cbm) LNG bunkering vessels will be built by HD Hyundai Mipo in Ulsan.

about 1 year ago

Business & Finance

Dealfeng to strengthen position in wind propulsion market with new partner onboard

China’s green energy technology company Dealfeng New Energy Technology recently completed a multi-million RMB Pre-A Series funding round, attracting investment by TZME (TianJin), a compatriot company active in the mechanical equipment industry.

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about 1 year ago

Business & Finance

Van Oord’s 10-year-old cable layer sports Damen’s emission reduction technology

Van Oord’s ten-year-old cable laying vessel (CLV) Nexus has been equipped with advanced selective catalytic reduction (SCR) systems said to reduce 80% of nitrogen (NOx) emissions. Damen Shipyards Group, who built the cable layer ten years ago, installed five SCR units on the Nexus, one for each engi

about 1 year ago

Business & Finance

Yara and NYK execute ‘world’s first’ time-charter deal for ammonia-fueled medium gas carrier

Norwegian ammonia distributor Yara Clean Ammonia and Japan’s shipping company NYK Line have concluded what is said to be the “world’s first” time-charter contract for an ammonia-fueled medium gas carrier.

about 1 year ago

TGS to kick off two 4D streamer projects off Norway in June

Business & Finance

TGS to perform six 4D streamer contracts this summer offshore Norway

Norway-based energy data and intelligence company TGS has secured two 4D streamer contracts in Norway, one to be performed in the North Sea and one in the Norwegian Sea. The 4D projects will be acquired back-to-back and are set to commence in June, having a total duration of approximately 80 days. K

about 1 year ago

Business & Finance

EU supports alternative fuel infrastructure projects with €422M

Maritime-related initiatives are among 39 innovative projects—-dedicated to deploying alternative fuel infrastructure—that have been selected by the European Commission.

about 1 year ago

Business & Finance

‘No significant’ emission impacts from Venture Global’s proposed US LNG export project, FERC finds

Since the U.S. Department of Energy (DOE) instructed all agencies to carry out environmental reviews before pending liquefied natural gas (LNG) export projects get the green light, the U.S. Federal Energy Regulatory Commission (FERC) has disclosed a draft supplemental environmental impact statement

about 1 year ago

Kenai LNG terminal in Alaska; Source: ConocoPhillips

Business & Finance

Alaska’s LNG terminal shaking off years-long stasis with revamp to stave off gas shortages

Three players have signed on the dotted line to enable an existing liquefied natural gas (LNG) terminal in Nikiski on Alaska’s Kenai Peninsula to change hands and be given a kiss of life through redevelopment, which will unleash new flows of natural gas to Southcentral market, keeping looming supply

about 1 year ago

Business & Finance

EnEarth secures millions in EU funding for Prinos CO2 project

The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.

about 1 year ago

Business & Finance

Spanish Avalon to invest €8 billion in hydrogen and derivatives projects

Spanish energy company Avalon Renovables plans to invest around €8 billion in the development of green hydrogen and derivatives projects in different locations distributed between the provinces of Jaén, Huelva, Cádiz and Málaga.

about 1 year ago

Noble Don Taylor drillship; Source: Noble

Business & Finance

Noble rigs and Stena drillship get down to oil & gas drilling business offshore Guyana

Four drillships, owned by Noble Corporation and Stena Drilling, have buckled down and resumed hydrocarbon exploration at the Stabroek block off the coast of Guyana, enabling ExxonMobil to stay the course and continue searching for more oil and natural gas resources on South America’s North Atlantic

about 1 year ago

Offshore installation begins to connect Sicily to Sardinia and Italian peninsula

Business & Finance

Offshore installation activities begin to connect Sicily to Sardinia and Italian peninsula

Italian cabling company Prysmian Group has kicked off the offshore installation activities for an interconnector that will link Sicily to Sardinia and to the Italian peninsula. The €3.7 billion Tyrrhenian Link, developed by Italy’s transmission system operator (TSO) Terna, will connect Sicily with S

about 1 year ago

Norve jack-up rig; Source: Borr Drilling

Business & Finance

Borr jack-up rig spuds final well on its list of drilling tasks with BW Energy

BW Energy has started drilling the last well in its current program at an oil field in the Dussafu license off the coast of Gabon, Africa. The drilling activities are being carried out with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.

about 1 year ago

Madu Conductor Supported Platform CSP; Source: First E&P

Business & Finance

Nigerian offshore fields reach new decarbonization heights with 96% cut in routine gas flaring

The Nigerian National Petroleum Company (NNPC) has tucked a new milestone in the reduction of routine flaring of associated gas (AG) from two shallow-water oil and gas fields located off the coast of Nigeria.

about 1 year ago