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Business & Finance

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Höegh LNG and Germany firm up second 10-year FSRU charter deal
Business & Finance

Höegh LNG and Germany firm up second 10-year FSRU charter deal

Norwegian shipowner Höegh LNG has signed its second binding time charter contract with the German Federal Ministry for Economic Affairs and Climate Action (BMWK) for the floating storage and regasification unit (FSRU). Under the 10-year contract, FSRU Höegh Gannet will be allocated to the new liquef

about 3 years ago
Equinor given the all-clear for North Sea drilling ops with Transocean rig
Business & Finance

Equinor secures the all-clear for North Sea drilling ops with Transocean rig

Equinor has received consent from Norway’s regulator to use one of Transocean’s semi-submersible rigs for drilling ops in the North Sea.

about 3 years ago
ACWA Power to work on first green hydrogen and ammonia projects in Uzbekistan
Business & Finance

ACWA Power to work on first green hydrogen and ammonia projects in Uzbekistan

ACWA Power, a Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, Uzbekistan’s Ministry of Energy, and Uzkimyosanoat, an Uzbekistan-owned chemical company, have signed extensive heads of terms agreements to develop a green hydrogen fa

about 3 years ago
NextDecade adds ITOCHU to Rio Grande LNG buyers list
Business & Finance

NextDecade adds ITOCHU to Rio Grande LNG buyers list

US energy company NextDecade has entered into a sale and purchase agreement (SPA) with Japanese general trading company ITOCHU Corporation for the supply of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. Under the agreement, ITOCHU will purchase 1.0 million

about 3 years ago
Saipem unveils new solution for offshore energy operators
Business & Finance

Saipem unveils new solution for offshore energy operators

Saipem has joined forces with MCS to launch a new asset integrity management system for offshore energy operators.

about 3 years ago
Equinor gearing up to drill Norwegian Sea prospect
Business & Finance

Equinor gearing up to drill Norwegian Sea prospect

Equinor has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea, using one of Odfjell Drilling’s rigs.

about 3 years ago
DNV certifies first Danish CO2 storage project
Business & Finance

DNV certifies first Danish CO2 storage project

Project Greensand, a CO2 storage project being developed in Denmark, has received safety certification from DNV for its pilot phase. DNV has confirmed that the safety of the design and components meets Danish legislation as well as Danish and international standards. The awarding of the Statement of

about 3 years ago
Energean on track to ramp up its oil & gas output with new projects coming online this year
Business & Finance

Energean on track to ramp up its oil & gas output once new projects come online

Energean is set on reaching its medium-term production target by boosting output from a field off Israel and bringing new projects on stream.

about 3 years ago
Nauticus Robotics kick-starts its international expansion with new operating bases
Business & Finance

Nauticus Robotics kick-starts its international expansion with new operating bases

Nauticus Robotics has started its international expansion strategy for 2023 and beyond with the initiation of its operations in Norway and the United Kingdom.

about 3 years ago
IHI and Gentari ally on green ammonia production and sales in Malaysia
Business & Finance

IHI and Gentari ally on green ammonia production and sales in Malaysia

Japan’s IHI Corporation has signed a Memorandum of Understanding (MoU) with Gentari Hydrogen, a clean energy solutions entity wholly-owned by PETRONAS, to evaluate the feasibility of leveraging solar resources of Malaysia to produce and sell green ammonia derived from renewables. Under the MoU, IHI

about 3 years ago
With FPSO remediation winding down, production restart from Australian field targeted for next month
Business & Finance

With FPSO remediation winding down, production restart from Australian field targeted for next month

Jadestone Energy is expecting to wrap up remaining works and restart production from a field off Australia during the next month.

about 3 years ago
Ocean Installer makes a comeback
Business & Finance

Ocean Installer makes a comeback

Norway-based Havfram Subsea is reclaiming the Ocean Installer brand following the announcement of the sale of its offshore wind business line. Havfram’s subsea business was known as Ocean Installer from the company’s inception in 2011, with the 2020 name change reflecting its diversification into th

about 3 years ago
Gen2 Energy and Norsk e-Fuel to boost green industry in Norway
Business & Finance

Gen2 Energy and Norsk e-Fuel to boost green industry in Norway

Norsk e-Fuel, an industrial consortium for creating sustainable fuel, and Gen2 Energy, a Norwegian green hydrogen company, have signed a Memorandum of Understanding (MoU) to collaborate in the development of Mosjøen as a key location and workplace for the green industry in Norway. The collaboration

about 3 years ago
While sanctioning of one UK project gets delayed, another North Sea prospect nears spud date with rig picked out
Business & Finance

UK prospect nears spud date, while sanctioning of another West of Shetland project gets delayed

A rig has been hired for the drilling of a prospect in the UK later this year, but a FID for another project has been postponed.

about 3 years ago
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