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Business & Finance

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Cheniere pens long-term LNG supply deal with Foran
Business & Finance

Cheniere pens long-term LNG supply deal with Foran

U.S. Cheniere Energy’s subsidiary Cheniere Marketing has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with China’s Foran Energy Group. Under the SPA, Foran agreed to purchase approximately 0.9 million tons per annum (mtpa) of LNG for 20 years from Cheniere M

about 3 years ago
Steel-cutting ceremony for Munin platfrom; Source: Aker BP
Business & Finance

First steel cut for North Sea-bound unmanned gas production platform – gallery

Aker BP has celebrated the start of the construction phase for a platform, which is destined to be deployed in the North Sea offshore Norway.

about 3 years ago
Illustration; Source: Murphy Oil
Business & Finance

Murphy eyes first oil in 2026 from offshore project in Southeast Asia

Murphy Oil has sanctioned an oilfield development project in the Cuu Long Basin offshore Vietnam, Southeast Asia.

about 3 years ago
Alfa Laval eyes business opportunities in hydrogen sector
Business & Finance

Alfa Laval eyes business opportunities in hydrogen sector

Swedish sustainable solutions provider Alfa Laval is establishing a new business unit, ‘Business Unit Electrolyzer and Fuel Cell Technologies,’ intending to capture business opportunities in the hydrogen sector. It will be established by January 1, 2024, and will be part of the Energy Division. Alfa

about 3 years ago
Ulstein tasked with concept design for cable laying and repair vessel
Business & Finance

Ulstein to deliver concept design for fuel-efficient cable layer

Ulstein Design & Solutions has secured a contract with Malaysia-based Megamas Resources in partnership with Renaissance Technologies (RTM) to deliver the conceptual design of a fuel-efficient cable laying and repair vessel. According to Ulstein, the decision was taken in view of the shortage of cabl

about 3 years ago
Deepsea Mira rig; Source: Odjell Drilling
Business & Finance

Odfjell Drilling cheers completion of ‘complex’ rig move off Namibia

Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.

about 3 years ago
Survey campaign wraps up at 2 GW Scottish offshore wind site
Business & Finance

Survey campaign wraps up at 2 GW Scottish offshore wind site

A geotechnical survey campaign has wrapped up at an offshore wind farm site in Scotland being developed by Ocean Winds, a joint venture between EDP Renewables and Engie. According to the project’s latest Notice to Mariners (NtM), the geotechnical survey within the Caledonia offshore wind farm site w

about 3 years ago
Noble Valiant drillship; Source: Noble Corporation
Business & Finance

With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.

about 3 years ago
Illustration; Source: The International Energy Agency (IEA)
Business & Finance

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 3 years ago
New partnership targets cable-lay market
Business & Finance

New partnership targets cable-lay market

The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut

about 3 years ago
Prysmian hits dynamic cables milestone
Business & Finance

Prysmian hits dynamic cables milestone

Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cabl

about 3 years ago
Dr. Sultan Al Jaber, COP28 President
Business & Finance

New charter urges private sector towards ‘bolder’ climate and net-zero action ahead of COP28

The COP28 Presidency has revealed the launch of a new charter to mobilize and encourage the private sector to take further steps towards accelerating and bolstering their net-zero pledges.

about 3 years ago
TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications
Business & Finance

TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications

Norway’s cleantech company TECO 2030 and Japan’s electrical engineering and software company Yokogawa Electric Corporation have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under the agre

about 3 years ago
Gulf of Mexico and Norway on schedule for TGS
Business & Finance

Gulf of Mexico and Norway on schedule for TGS

Norway’s TGS has secured an extension of a contract offshore Norway, as well as a new contract with a repeat customer in the Gulf of Mexico. TGS secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another t

about 3 years ago
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