Japan’s MOL has taken hold of a larger stake in MODEC, which will enable it to convert the firm into an equity-method affiliate in pursuit of further growth in both firms’ offshore businesses against the backdrop of energy transition plays that call for a step-up in the decarbonization arena.
NextDecade has made a move to retract an application made to the Federal Energy Regulatory Commission (FERC) for a proposed carbon capture and storage (CCS) project envisioned to be deployed as a way to curb the carbon footprint of its liquefied natural gas (LNG) export terminal located at the Port
Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS
Eni has hit a new milestone with the start-up of a gas project at an offshore field in the Strait of Sicily, describing the field as the most important gas development project in Italy.
On August 19, 2024, trade association INTERTANKO revealed a partnership with DNV’s industry cloud platform Veracity, supporting the tanker industry in its decarbonization efforts. As reported, the partnership could make it ‘easier’ for tanker operators to share their emissions data with DNV Veracity
New Fortress Energy (NFE) has restarted production at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.
Venice Energy is engaged in formal negotiations to secure what it describes as a major international balance sheet partner for a proposed liquefied natural gas (LNG) import terminal project in South Australia.
Woodside has struck a deal to ensure a two-year legal challenge, concerning its giant energy project off the coast of Australia will be dismissed.
ONE-Dyas is setting the stage for the final leg of its journey toward the first natural gas production at its recently installed platform in the North Sea.
HD Hyundai’s marine solutions arm has been hired by a European shipping player to undertake its first conversion of an LNG carrier into an LNG FSU.
Five rig-owning titans – Transocean, Valaris, Noble, Seadrill, and Diamond Offshore -which are seen as the crème de la crème of the offshore drilling contractors, have managed to increase their combined total backlog to a whopping $21.8 billion.
An LNG project has kicked off blasting activities to lay the groundwork for the future installation of the planned export terminal in Canada.
New Fortress Energy (NFE) has completed the first cargo load and sail operation at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.
Chevron and TotalEnergies have used 20,000 psi (20K) technology to bring oil and natural gas from one of the industry’s first ultra-high pressure projects to the market and paving the way for the development of future ultra-high pressure, high-temperature discoveries around the world.
