Energy technology company Baker Hughes has secured a contract with U.S.-based Venture Global LNG to provide a modularized LNG system and power island. The contract, which was described as a major gas technology equipment order, was awarded under a master equipment supply agreement between the two co
Biden administration is stuck between a rock and a hard place while trying to reconcile its climate agenda and offshore wind ambitions with the IRA’s giveaways to the fossil fuels lobby.
Italian oil and gas giant Eni has made a new gas discovery in the Kutei Basin offshore Indonesia, which comes with the potential to contribute substantially to the creation of a new production hub in the northern part of the basin.
America is in need of an all-inclusive energy strategy, which features natural gas as a crucial element along with renewable energy, to come to grips with climate and energy challenges.
Energy major Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy, an LNG company formed and managed by investment company EIG, for $500 million. Completion of the transaction is subject to closing conditions which include regulatory approvals, with Aramco
TotalEnergies has set its course for the energy transition journey by creating a balanced multi-energy strategy, which it plans to follow to diversify its portfolio, cut its emission footprint, and reach low-carbon and net-zero aspirations.
Spanish transmission system operator (TSO) Enagás has finalized the acquisition of 10% of the shares of Hanseatic Energy Hub (HEH), a consortium in which it participates as an industrial partner. With its 10% stake, Enagás joins the consortium formed by the Buss Group (founding shareholder), Partner
Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar
U.S. energy company New Fortress Energy (NFE) has provided new updates on its Fast LNG project in Altamira, Mexico. On September 27, 2023, the liquefaction rig Pioneer II set sail for Altamira, where it will meet Pioneer I and Pioneer III, NFE said in a brief social media update. Pioneer III was ins
An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.
Greek company Corinth Pipeworks has secured a contract with Italian energy player Snam to manufacture and supply steel pipes for the development of an offshore and onshore natural gas pipeline for a floating storage and regasification unit (FSRU) to be deployed offshore Ravenna, Italy. Under the con
Bumi Armada, and Pexco Tarakan have inked a production sharing contract (PSC) for an exploration block in the Tarakan Basin.
U.S. engineering company KBR has been awarded an engineering, procurement and construction (EPC) management contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture. Under the contract, KBR will undertake modifications to train 1 of Woodside’s Pluto LNG facility, located
Saipem has hired China’s Bomesc to build a compression facility for an offshore natural gas project off the northern coast of Qatar.
