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Business & Finance

Multi-vessel deal sets the seal on QatarEnergy’s massive LNG shipbuilding quest

QatarEnergy has crossed the finish line for its historic LNG fleet expansion program by inking long-term time charter party (TCP) agreements with the joint venture (JV) of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) for six QC-Max size

about 1 year ago

Business & Finance

Ocean Winds hires Føn Energy Services in Scotland

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Ocean Winds, a 50/50 joint venture between EDP Renewables and ENGIE, has contracted Føn Energy Services to provide a fully integrated Balance of Plant (BoP) operations and maintenance (O&M) service program for the Moray East and Moray West offshore wind farms in Scotland. The contract is valid for t

about 1 year ago

Business & Finance

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago

Gas leak at Nord Stream 2 pipeline as seen from a Danish F-16 interceptor near Bornholm, Denmark on 27 September 2022.

Business & Finance

Hybrid warfare paints ‘gray zone’ targets on shipping and offshore energy infrastructure

With the swift surge in geopolitical upheavals, a rising tide of offshore security risks is playing out across the globe, putting vessels, undersea cables, and offshore oil and gas installations in danger of increasingly becoming sitting ducks for “gray zone” attacks, which WTW interprets as actions

about 1 year ago

Business & Finance

Air Liquide wins €110 million EU grant for large-scale ammonia-to-hydrogen project

Air Liquide has been awarded a grant of €110 million from the European Innovation Fund for its ENHANCE project in the Port of Antwerp-Bruges, Belgium, that aims to produce and distribute low-carbon and renewable hydrogen derived from ammonia.

about 1 year ago

Commonwealth LNG design; Source: Commonwealth LNG

Business & Finance

US LNG export projects on hold until environmental reviews are out of the way

As the Department of Energy (DOE) has confirmed the environmental reviews will need to be completed with all agencies before pending projects can get back on track, the pause appears to still be in effect, even though a preliminary injunction from a court in Louisiana seemingly ended a temporary lul

about 1 year ago

Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas

Business & Finance

TotalEnergies takes over gas assets offshore Malaysia

TotalEnergies has expanded its gas portfolio with more assets off the coast of Malaysia by wrapping up the acquisition of stakes OMV and Sapura Upstream held in SapuraOMV Upstream Assets, a Malaysian independent gas producer and operator.

about 1 year ago

Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID

Business & Finance

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago

Minesto has finalized the design and technical specifications for its upgraded Dragon 12 tidal energy system.

Business & Finance

Minesto advances its tidal energy farm development with Dragon 12 upgrades

Swedish tidal energy developer Minesto has finalized the design and technical specifications for its upgraded Dragon 12 tidal energy system, marking a step toward deploying the first Dragon farm at Hestfjord in the Faroe Islands. According to Minesto, the project’s Phase 1 targets a capacity of 10

about 1 year ago

UK subsea firm eyes growth as part of new investment deal

Business & Finance

UK subsea firm eyes growth with new majority shareholder

UK-headquartered Subsea Technology & Rentals (STR) has entered into an investment deal with STAR Capital Partnership as part of its growth strategy. STAR Capital Partnership has become STR’s new majority shareholder, with the investment set to enable the UK firm to further evolve its equipment and s

about 1 year ago

Business & Finance

TotalEnergies brings more gas on stream with North Sea tie-back up and running

France’s energy giant TotalEnergies has started production from a well in the Harald East area, with the gas set to be exported through the Tyra facilities in the Danish sector of the North Sea. Once a final investment decision (FID) was made by the Danish Underground Consortium (DUC), including Tot

about 1 year ago

Business & Finance

Swedish Energy Agency bankrolls Malmö CO2 Hub project

A project that seeks to develop a common infrastructure in southern Sweden for transport and storage or utilization of carbon dioxide (CCUS) has received a financial boost from the Swedish Energy Agency (Energimyndigheten).

about 1 year ago

Norve jack-up rig; Source: Borr Drilling

Business & Finance

Borr Drilling jack-up rig lands new job in West Africa

Borr Drilling has won a new long-term, multi-well assignment for one of its jack-up rigs with an undisclosed operator off the coast of West Africa.

about 1 year ago

The Dutch Marine Energy Centre (DMEC) has unveiled a market report outlining the growth potential of tidal and wave energy in Europe, among other technologies.

Business & Finance

DMEC models forecast tidal and wave energy growth in Europe

The Dutch Marine Energy Centre (DMEC) has unveiled a market report forecasting that tidal and wave energy could anchor Europe’s green transition and bring billions in market value by 2050, however, there are certain challenges that need to be surpassed for them to reach their potential. Leveraging h

about 1 year ago