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Business & Finance

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LNG carrier; Source: ABB
Business & Finance

Swiss firm to kit out QatarEnergy’s 15 LNG vessels with permanent magnet shaft generator tech

ABB has been tasked with providing permanent magnet shaft generator technology to power 15 liquified natural gas (LNG) carriers, which South Korea’s Samsung Heavy Industries (SHI) will build for work with QatarEnergy.

about 2 years ago
Rio Grande LNG
Business & Finance

$18.4 billion gas project’s life on the line – Court ruling poses a threat to US LNG infrastructure buildout, developer says

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A court ruling is said to have put a liquefied natural gas (LNG) export project at Texas’ Port of Brownsville in danger by revoking the reauthorization granted by the Federal Energy Regulatory Commission (FERC).

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Drilling ops in Morroco still ongoing but gas volumes so far seem below pre-drill estimates

Energean is continuing to drill a well at its gas field in the Lixus license located 40km off the coast of Morocco in the Atlantic Ocean.

about 2 years ago
Troll C platform in the North Sea; Source: Equinor
Business & Finance

Two North Sea platforms plug into shore power as works on full electrification continue to take decarbonization up a notch

Equinor has shifted its carbon footprint reduction efforts into higher gear with the partial electrification of two offshore platforms at a giant North Sea field off the coast of Norway.

about 2 years ago
An illustration of an LNG terminal on the coast
Business & Finance

Offtake deal bringing Mexican LNG to Oman

Amigo LNG, a Mexican subsidiary of Singapore’s LNG Alliance, has signed a binding heads of agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied natural gas (LNG) from its liquefaction facility under development on Mexico’

about 2 years ago
Van Oord's next-gen hybrid cable layer picks up cable for its debut project
Business & Finance

Van Oord’s new, hybrid cable layer ready for its first offshore wind project

Van Oord’s new, next-generation cable-laying vessel (CLV) is getting ready for its first project with the pick up of inter-array cables destined for a UK offshore wind farm. Calypso, Van Oord’s second CLV which will mostly be used for installing inter-array and export cables for offshore wind projec

about 2 years ago
Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.
Business & Finance

Thirteen marine energy projects secure $2.1M support through US research program

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved funding of $2.1 million for 13 projects through its thirteenth Request for Technical Support (RFTS). According to TEAMER, the selected projects will receive support for testing, access to numerical modeling

about 2 years ago
Deepwater Atlas drillship; Source: Transocean
Business & Finance

BP books Transocean’s first eighth-gen drillship for 365-day drilling program

Transocean has landed a new long-term assignment with the UK-headquartered oil major BP for the first of two eighth-generation drillships to join its rig fleet, which is also considered to be the world’s first drillship with a three-million-pound hook-load and 20,000 psi well control system.

about 2 years ago
Vessel naming ceremony; Source: QatarEnergy
Business & Finance

First LNG vessel duo in QatarEnergy’s historic shipbuilding program get their names (Gallery)

QatarEnergy has held a naming ceremony for the first two conventional-size LNG vessels under its historic shipbuilding program at the Hudong-Zhonghua Shipyard in Shanghai, China.

about 2 years ago
European Union backs South Africa’s hydrogen agenda with €32 million
Business & Finance

European Union backs South Africa’s hydrogen agenda with €32 million

The European Union has committed R628 million (approximately €32 million) in grants to promote the sustainable development of green hydrogen value chains in South Africa.

about 2 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

Equinor’s drilling activities end up unearthing more Norwegian gas

Equinor has made a new gas and condensate discovery in the Norwegian Sea off the coast of Norway, using one of the semi-submersible rigs owned by Transocean, an offshore drilling contractor.

about 2 years ago
BW Pavilion Aranthera LNG carrier at Krk terminal in Croatia; Source: LNG Croatia
Business & Finance

Croatia’s gas terminal tucks 100th LNG shipment under its belt in less than four years

MET Group has confirmed the delivery of the 100th liquefied natural gas (LNG) shipment to a floating LNG terminal in Omišalj municipality on the island of Krk, Croatia.

about 2 years ago
Denmark's pilot CO2 storage project paves the way for large-scale CCS
Business & Finance

Denmark’s CO2 storage pilot project paves the way for large-scale CCS

The consortium partners behind Project Greensand have submitted the final report for the CO2 storage pilot project, paving the way for the development of large-scale carbon capture and storage (CCS) in Denmark. Project Greensand marked a world first on March 8, 2023, with the first-ever injection of

about 2 years ago
Illustration; Source: BW LNG
Business & Finance

New deal sets the stage for LNG vessel conversion to bring floating storage unit at gas terminal in Middle East

BW LNG has secured a multi-year deal, which will see it refurbish one of its liquefied natural gas (LNG) carriers into a floating storage unit (FSU) expected to be deployed at an LNG terminal in Jordan.

about 2 years ago