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Business & Finance

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Fossil EnergyRigsBusiness Developments & ProjectsPorts & LogisticsProject & TendersVesselsFPSO & VesselsOutlook & StrategyAlternative FuelsClean FuelGreen MarineRegulations & PolicyAuthorities & GovernmentCollaborationInfrastructureInnovationMarket OutlooksRegulation & PolicyRules & RegulationTransitionOther FuelsShipbuildingOil & GasPipesProduction & ProcessingSubseaSurveys & InterventionsHydrogenDecommissioningEnvironmentVisionLow-Carbon TransitionSeismicCarbon Capture Usage & StorageStorageEquipmentLNGCablingInterconnectorsLiquefied Natural Gas
Noble jack-up rig drops anchor prior to Harbour Energy job
Business & Finance

Noble rig drops anchor in UK’s newest harbor before work for Harbour Energy

Noble Corporation’s jack-up rig Noble Intrepid has arrived at the Port of Aberdeen before mobilizing for Harbour Energy’s field in the North Sea. Port of Aberdeen announced on October 17 that it had welcomed the Noble Intrepid to Aberdeen South Harbour, where it will undergo reactivation work scopes

about 3 years ago
Norwegian firm to deliver compressors for SBM Offshore’s new FPSO
Business & Finance

Norwegian firm to deliver compressors for SBM Offshore’s new FPSO

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China Merchant Heavy Industries (CMHI) has contracted Norway-headquartered TMC Compressors to deliver the completed marine compressed air system for a newbuild FPSO the Chinese yard is constructing for Dutch FPSO operator SBM Offshore. Under the contract whose value remains undisclosed, TMC will pro

about 3 years ago
Michael Parker
Business & Finance

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 3 years ago
CoolCo secures sale and leaseback financing for two newbuild LNG carriers
Business & Finance

CoolCo secures sale and leaseback financing for two newbuild LNG carriers

Cool Company (CoolCo) has entered into sale and leaseback financing arrangements with Huaxia Financial Leasing for two LNG carriers that are being built by Hyundai Samho Heavy Industries in South Korea. Following the earlier announcement of the purchase of two 2-stroke LNG carrier newbuilds, namely

about 3 years ago
Start-up of Denmark’s largest natural gas field expected early next year
Business & Finance

Start-up of Denmark’s largest natural gas field expected early next year

The TotalEnergies-operated Tyra redevelopment project in Danish waters is expected to produce first gas early in the first quarter of 2024 and reach plateau production in the second quarter of the year – earlier than previously communicated. Tyra is Denmark’s largest natural gas field and has been a

about 3 years ago
Five subsea contractors in the run for pipeline contract for North Sea gas project
Business & Finance

Five contractors in the run for pipeline contract for North Sea gas project

Hartshead Resources NL and its joint venture partner RockRose have launched an invitation to tender for pipeline EPCI services for the Anning and Somerville fields located in the Southern North Sea, following completion of the pipeline route survey covering the offtake routes for gas production from

about 3 years ago
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
Business & Finance

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2

about 3 years ago
Australian maritime body urges 'shakeup' of oil & gas infrastructure decommissioning policy
Business & Finance

Australian maritime body urges ‘shakeup’ of oil & gas infrastructure decommissioning policy

The Maritime Union of Australia (MUA) is urging the Australian government for a major shakeup of government policy and regulation of the dismantling, processing, recycling and disposal of offshore oil and gas infrastructure. MUA, alongside Macquarie University’s Centre for Energy and Natural Resourc

about 3 years ago
Seismic campaign completed at Aker BP and OMV's CCS license
Business & Finance

Seismic campaign completed at Aker BP and OMV’s CCS license

Aker BP and OMV have completed the acquisition of a 3D seismic survey over their carbon capture and storage (CCS) license area in the Norwegian North Sea. Norwegian seismic company PGS with its vessel Ramform Atlas carried out the campaign over the Poseidon CCS license located approximately 100 kilo

about 3 years ago
With FID in place, first Dutch CO2 storage project cleared for take-off
Business & Finance

With FID in place, first Dutch CO2 storage project cleared for take-off

The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s

about 3 years ago
EPCI contract win for Ocean Installer with Equinor
Business & Finance

Subsea tie-back win for Ocean Installer with Equinor

Norway’s energy giant Equinor has awarded Ocean Installer with an engineering, procurement, construction and installation (EPCI) contract for the subsea tie-back of the Eirin gas field in Norwegian waters. The scope covers the installation of structures, flexibles, umbilical, seabed rectification, t

about 3 years ago
ADNOC Gas and JERA Global Markets ink $500-700 million LNG supply deal
Business & Finance

ADNOC Gas and JERA Global Markets ink $500-700 million LNG supply deal

UAE’s integrated gas processing company ADNOC Gas has announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500 million (AED 1.8 billion) and $700 million (AED 2.5 billion), with JERA Global Markets, a trading subsidiary of Japan’s energy major JERA. ADNOC Gas said the

about 3 years ago
Surveys about to start for Scottish offshore link
Business & Finance

Survey about to start for Scottish offshore link

Reach Subsea is set to begin a cable route seabed survey later this month for SSEN Transmission’s HVDC transmission link offshore Scotland. The survey activities will be carried out in the North Sea and Outer Moray Firth for the Spittal to Peterhead HVDC power cable. Survey vessel Viking Reach is ex

about 3 years ago
Excelerate Energy signs 10-year FSRU charter deal with Petrobras
Business & Finance

Excelerate Energy signs 10-year FSRU charter deal with Petrobras

Texas-based LNG company Excelerate Energy has signed a ten-year contract with Brazilian state-owned oil and gas giant Petrobras to charter the floating storage and regasification unit (FSRU) Sequoia. Under the agreement, which will commence on January 1, 2024, Excelerate will continue to deploy the

about 3 years ago