Business & Finance
NextDecade launches private placement eyeing Rio Grande LNG FID
U.S. LNG project developer NextDecade has launched an $85 million private placement in preparation to take a positive final investment decision on the Rio Grande LNG project’s first three trains.
New cost estimate and timing for first oil from North Sea project
Vår Energi has run into delays for the first oil from a project in the North Sea off Norway and changed its cost estimate for this project.
New LNG carrier design eliminates methane slip
Siemens Energy, Moss Maritime, DNV and Fearnleys have developed an LNG vessel design that will be powered by a hybrid combined-cycle power and propulsion plant. Under the concept, many engine components, including the main engines can be removed from the ship. The backbone of the vessel’s hybrid com
‘A game changer for Europe’: EC reveals plan for €3 billion hydrogen bank
In a move to tackle the energy crisis and climate change, President of the European Commission (EC) Ursula von Der Leyen has announced the creation of a new European Hydrogen Bank aimed at bridging the investment gap and connecting future supply and demand. The announcement was made during von der L
New gig for Stena drillship off Gabon
Offshore drilling contractor Stena Drilling has secured a new drilling contract from CNOOC for operations offshore Gabon.
Surveys starting at Celtic Sea floating wind demo projects
Geophysical and environmental surveys will commence next week at two 100 MW floating offshore wind demonstration projects that will be built off the coast of southwest Wales in the Celtic Sea.
German firm secures major order for Mexico’s new deepwater gas pipeline
Germany-based EUROPIPE has received an order from the North American TC Energy (TCE) to supply the pipe for the Southeast Gateway Pipeline project in the Gulf of Mexico. TCE is building the $4.5 billion offshore gas pipeline in partnership with the Mexican state-owned power utility Comisión Federal
World’s 1st circular ship dismantling yard on the cards
A Dutch startup named Circular Maritime Technologies (CMT) has been launched targeting unsustainable shipbreaking practices that have seen ships taken apart by hand on South East Asian beaches. CMT aims to become the world’s first circular ship dismantling yard by developing and integrating technolo
Allseas founder stepping down as president after almost four decades at the helm
Allseas has revealed that its founder and current president, Edward Heerema, has decided to hand over the reins to his eldest son.
Woodside contracts Floatel unit for Pluto job
Offshore accommodation provider Floatel International has signed a new contract for one of its units to operate for Woodside in Australia.
Energy players enter joint R&D project to leverage digital ways in transition to net-zero
Offshore energy companies in Brazil have come together for a joint industry research and technology development project focused on addressing technologies to reduce carbon emissions. The project named i-Concept JIP Phase 2 focuses on the development of applied computational modules to generate and r
PTTEP hands out FEED deal for its development project off Malaysia
PTTEP has awarded a FEED services deal for offshore facilities destined for a Malaysian development project to Perunding Ranhill Worley.
ENGIE and Yara pressing ahead with renewable hydrogen project in Australia
French energy player ENGIE is progressing with the development of what is said to be one of the world’s first industrial-scale renewable hydrogen projects located in the Pilbara region of Western Australia (WA). ENGIE, which is working on the project named Yuri in partnership with Yara Clean Ammonia
Fresh multi-year extension for UK firm covering Equinor’s oil & gas assets off Norway
Tendeka has inked a multi-year extension deal to provide sand and inflow control technology across Equinor’s oil and gas assets on the NCS.