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Business & Finance

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An artist's rendering of a a floating production unit
Business & Finance

Ten-year deal with Woodside helping Japan up its decarbonization ante by adding Australian LNG to its energy mix

Australian energy player Woodside has signed a long-term sale and purchase agreement (SPA) with Japan’s power generation company JERA, a joint venture of TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, to deliver liquefied natural gas (LNG) to Japan.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling rig’s journey to India nearing the finish line

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Dolphin Drilling has revealed that one of its semi-submersible rigs is heading down the home stretch to India, where it will begin its new drilling campaign.

about 2 years ago
An offshore platform with cranes surrounded by two vessels
Business & Finance

Trinity’s takeover by Trinidadian firm pressing on as previous contender decides to step back

After the acquisition of UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, by Canada-based Touchstone Exploration was upheaved by a cash offer from a third player, Trinidad-headquartered Lease Operators, the new w

about 2 years ago
FPSO Haikui-1; Source: CNOOC
Business & Finance

First oil flows from Asia’s deepwater revitalization project sporting new platform and FPSO

CNOOC has kicked off production from an oil project off the coast of China, which has been equipped with a platform and floating production, storage, and offloading (FPSO) unit as part of the revitalization efforts undertaken at old deepwater oil fields, contributing new value to ensure the country’

about 2 years ago
Ertuğrul Gazi is Türkiye-flagged floating storage regasification unit (FSRU) for liquified natural gas; Source: BOTAŞ
Business & Finance

After ExxonMobil, Shell and TotalEnergies shake hands with BOTAŞ on 10-year LNG deals fueling Türkiye’s regional gas hub aspirations

Shell and TotalEnergies have sealed multi-year liquefied natural gas (LNG) deals with the Turkish Petroleum Pipeline Corporation (BOTAŞ).

about 2 years ago
A large vessel sailing
Business & Finance

US-Greek LNG deal opens new route for energy diversification in Europe

Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has signed a binding multi-year terminal use agreement (TUA) with Greek gas player Gastrade, to supply markets in Central and Eastern Europe (CEE) with LNG from the former’s Louisiana terminals.

about 2 years ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business & Finance

New order fires starting gun on next LNG-carrier-to-FLNG conversion work with $2.2 billion budget

Golar LNG is pooling resources with China’s CIMC Raffles and Black & Veatch to bring to life an MK II floating LNG (FLNG) vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum (mtpa).

about 2 years ago
Poole Harbour, UK.
Business & Finance

UK cosmetics company co-funds tidal energy project near its head office

LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool

about 2 years ago
FSRU Excelsior; Source: Excelerate Energy
Business & Finance

European firm sets up shop in Germany to handle work on Wilhelmshaven 2 LNG terminal

KN Energies (KN) has hung out its shingle in Germany by establishing a German subsidiary, KN Energies Deutschland, within its corporate group, which will be in charge of executing its assignment with the German state-owned company, Deutsche Energy Terminal (DET), by providing technical operation and

about 2 years ago
Joe Biden
Business & Finance

US unlocks nearly $300 million for modernization of ferry systems

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced grants totalling nearly $300 million from President Biden’s Bipartisan Infrastructure Law to expand and modernize the nation’s ferry systems.

about 2 years ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Business & Finance

Rovco and Vaarst’s new brand makes €17.8M investment in its fleet

Beam, a new brand formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst, has added two autonomous surface vessels (ASVs) and an electric work-class remotely operated vehicle (ROV) to its fleet. Under the brand-new name, the companies aim to bring technol

about 2 years ago
FSRU Alexandroupolis; Source: Gastrade
Business & Finance

Countdown to commercial ops at European LNG terminal underway

Greece’s first offshore liquefied natural gas (LNG) terminal, which is expected to secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources, is fast approaching its commercial operations date, with less than two weeks left until start-up.

about 2 years ago
UK-headquartered CRP Subsea has secured a contract from Norway-based ocean services provider DeepOcean to supply cable protection systems for RWE’s Nordseecluster A offshore wind project in the German
Business & Finance

DeepOcean taps CRP Subsea for offshore wind cable protection systems

UK-headquartered CRP Subsea has secured a contract from Norway-based ocean services provider DeepOcean to supply cable protection systems for RWE’s Nordseecluster A offshore wind project in the German part of the North Sea. Under this contract, CRP Subsea will supply 96 NjordGuard cable protection s

about 2 years ago
A view of a rocky coastline in the foreground and an offshore platform in the background
Business & Finance

Australian firm formally secures UK offshore license trio

Three new licenses awarded to ASX-listed Hartshead Resources as part of the UK’s oil and gas licensing round organized by the country’s regulator, the North Sea Transition Authority (NSTA), have been fully executed.

about 2 years ago