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Business & Finance

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Two milestones in for European JV at Senegalese links
Business & Finance

Two milestones in for European JV at Senegalese links

The UK-Belgium joint venture established last year has begun offshore operations and has already passed milestones for a project in Senegal that is part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. Under a $200

about 2 years ago
Woodfibre LNG
Business & Finance

Canada’s $5.1 billion gas project embarks on blasting ops to make room for world’s first net zero LNG export terminal

An LNG project has kicked off blasting activities to lay the groundwork for the future installation of the planned export terminal in Canada.

about 2 years ago
Several vessels and rigs located next to a shipyard in a sea strait
Business & Finance

WATCH: One bridge section for Aker BP’s North Sea platform done, four more left

Nymo has completed the first of five bridge sections it is building for a North Sea project being developed by Aker BP.

about 2 years ago
UK’s largest subsea green electricity  superhighway passes funding hurdle
Business & Finance

UK’s largest subsea green electricity superhighway cleared for construction take-off

UK energy market regulator Ofgem has selected what is set to become Great Britain’s longest-ever subsea connection as the first project to proceed under its fast-track process and to receive a £3.4 billion funding package. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete the fast-

about 2 years ago
Stabilis Solutions sets sights on LNG bunkering facility on US Gulf Coast
Business & Finance

Stabilis Solutions sets sights on LNG bunkering facility on US Gulf Coast

Leveraging strong demand for LNG, Stabilis Solutions is finalizing plans to build a dedicated LNG bunkering facility on the U.S. Gulf Coast.

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

New milestone for offshore gas project as LNG carrier departs with first cargo load (Video)

New Fortress Energy (NFE) has completed the first cargo load and sail operation at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago
Anchor FPU; Source: Chevron
Business & Finance

WATCH: All-electric FPU drops Anchor in Gulf of Mexico as ‘industry’s first’ deepwater 20K tech enables oil & gas flows from game-changing project

Chevron and TotalEnergies have used 20,000 psi (20K) technology to bring oil and natural gas from one of the industry’s first ultra-high pressure projects to the market and paving the way for the development of future ultra-high pressure, high-temperature discoveries around the world.

about 2 years ago
Vessel anchored at a port next to an industrial complex onshore
Business & Finance

100th LNG cargo comes at one German terminal as dredging work kicks off at another

Germany’s state-owned operator Deutsche Energy Terminal (DET) has received its 100th liquefied natural gas (LNG) shipment at one of the four LNG terminals it operates in the country. Additionally, it started dredging activities in preparation for the commissioning stage of a floating storage regasif

about 2 years ago
Shell's Gulf of Mexico platform; Source: Shell
Business & Finance

Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024.

22 minutes read
Illustration; Source: McDermott
Business & Finance

McDermott calling the shots at Shell’s mega gas project offshore Trinidad and Tobago

McDermott is in charge of work at Shell’s undeveloped natural gas project off the coast of Trinidad and Tobago.

about 2 years ago
Offshore gas installation surrounded by water
Business & Finance

African country hit with $1.2 billion claim as Orca Energy embarks on legal fight over breach of gas contracts

Orca Energy intends, through its subsidiaries, to kick off arbitration proceedings against the country’s government and a state-owned company for alleged violations of several agreements related to a gas field in Tanzanian waters, if no agreement is reached within the timelines the firm has set to t

about 2 years ago
Australian player looking to launch fully operational CCS project by early 2030s
Business & Finance

Australian player looking to launch fully operational CCS project by early 2030s

Perth-headquartered InCapture has secured a permit for a carbon capture and storage (CCS) assessment project on the North West Shelf in Australia, aiming to launch a fully operational CCS project by the early 2030s. The greenhouse gas assessment (GHG) permit G-15-AP spans an area of over 6,500 km2 a

about 2 years ago
PEL 94 offshore Namibia; Source: Global Petroleum
Business & Finance

Talks underway with potential partner to sign up for exploitation of oil prospect offshore Namibia

Global Petroleum has engaged in discussions to secure a farm-in agreement with an undisclosed potential operating partner for PEL 94 offshore Namibia.

about 2 years ago
MSC returns to Chinese shipyard with new order for 12 LNG-powered boxships
Business & Finance

MSC returns to Chinese shipyard with new order for 12 LNG-powered boxships

MSC has awarded Zhoushan Changhong International Shipbuilding a fresh contract to construct twelve 19,000 TEU LNG dual-fuel containerships.

about 2 years ago
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