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Business & Finance

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LNG carrier; Source: MET Group
Business & Finance

Swiss company to source US LNG from Shell to European customers

Switzerland-headquartered energy company MET Group has signed a long-term agreement with energy giant Shell for the supply of liquefied natural gas (LNG) sourced from the U.S. to its European customers. MET Group reported it had entered into a ten-year free-on-board (FOB) LNG purchase agreement with

about 2 years ago
Enagás boosts hydrogen investment plans, sells stake in Tallgrass Energy
Business & Finance

Enagás boosts hydrogen investment plans, sells stake in Tallgrass Energy

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To further boost its hydrogen investment plans, Enagás has reached an agreement to sell its 30.2% shareholding in Tallgrass Energy to Blackstone Infrastructure Partners for $1,100 million (€1,018 million).

about 2 years ago
BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project
Business & Finance

BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project

Abu Dhabi National Oil Company (ADNOC) has signed agreements with industry majors BP, Mitsui & Co., Shell and TotalEnergies under which each will take a 10% equity stake in what will be the first liquefied natural gas (LNG) export facility in the Middle East and North Africa (MENA) region to run on

about 2 years ago
2015-discovered Malaysian gas field begins production
Business & Finance

SapuraOMV begins production from Malaysian gas field

Malaysia’s independent gas producer and operator SapuraOMV Upstream, soon-to-be completely owned by French energy giant TotalEnergies, has begun gas production from its Jerun field offshore Sarawak. Discovered in 2015 and having reached a final investment decision (FID) in March 2021, the Jerun plat

about 2 years ago
LNG Canada (for illustration purposes); Source: LNG Canada
Business & Finance

Canada’s crackdown on greenwashing: ‘Gag order’ for oil & gas industry’s climate action or greater transparency?

Canada has now tightened the reins on environmental stewardship with a bill that brings multimillion-dollar fines and jail time into play for those prone to bragging about climate action they cannot back up.

29 minutes read
LS Cable & System / LS GreenLink new subsea cable factory in Virginia, visualization
Business & Finance

LS Cable & System to build ‘largest US subsea cable factory’ in Virginia

South Korea-based offshore wind cable manufacturer, LS Cable & System, has decided to build a manufacturing facility for high-voltage direct current (HVDC) subsea cables in Virginia, which the company says will be the largest factory of this kind in the United States. The factory will be built on a

about 2 years ago
Woodside orders pipe for Mexican deepwater oil project from Greek supplier
Business & Finance

Woodside orders pipe for Mexican deepwater oil project from Greek supplier

Greece’s Corinth Pipeworks, the steel pipe segment of Cenergy Holdings, has secured a contract it deems as significant with Woodside Energy to deliver pipes for a deepwater oil project offshore Mexico. Under the contract, Corinth Pipeworks will manufacture and supply approximately 118 kilometers of

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian duo inches closer to merger as government agency gives its blessing

Brazil’s Administrative Council for Economic Defense (CADE) has approved the proposed merger of Enauta and 3R Petroleum Óleo e Gás.

about 2 years ago
Ocean Power Technologies has inked a memorandum of understanding (MoU) with AltaSea at the Port of Los Angeles
Business & Finance

Ocean Power Technologies signs MoU with AltaSea to explore marine energy opportunities

According to OPT, the joint aim behind this MoU is to explore opportunities in the blue economy, building on OPT’s CEO Philipp Stratmann’s recent visit to AltaSea.

about 2 years ago
After no luck in June, Norwegian player makes oil & gas discovery in North Sea
Business & Finance

After no luck in June, Norwegian player makes oil & gas discovery in North Sea

After having no luck with an exploration well in mid-June, Norwegian oil and gas company Wellesley Petroleum has proven oil and gas in another well located in the North Sea. Wellesley Petroleum found oil and gas in the Gnomoria Appraisal (35/10-12 S) well located about 100 kilometers southwest of Fl

about 2 years ago
Klaipeda LNG terminal; Source: KN Energies
Business & Finance

EU duo seals LNG deal as Central and Eastern European countries resolutely reinforce energy diversification ties

Slovakia’s ZSE Group has signed a gas sales agreement with Poland’s Orlen Group to secure the supply of LNG originating mainly from the U.S.

about 2 years ago
Atlantic LNG
Business & Finance

Shell sanctions big gas project and anticipates LNG growth in Trinidad and Tobago

Shell has taken a final investment decision (FID) for a gas development project offshore Trinidad and Tobago, which is expected to boost its LNG arsenal.

about 2 years ago
Prelude FLNG; Source: Shell
Business & Finance

Multi-year FLNG gig enables UK firm to expand on its 70-year relationship with Shell

Shell has hired Wood on a long-term engineering assignment related to its FLNG facility off the coast of Western Australia.

about 2 years ago
Singapore-based company Hann-Ocean Energy has concluded its wave energy generation project on Shengsi Island, Zhejiang Province, after two and a half years of sea trials.
Business & Finance

Singaporean firm sets sights on commercialization after wave energy device trials

Singapore-based company Hann-Ocean Energy has concluded its wave energy generation project on Shengsi Island, Zhejiang Province, after two and a half years of sea trials.

about 2 years ago