Finnish technology group Wärtsilä has signed a five-year renewal of its existing maintenance agreement with Norway’s Höegh LNG Fleet Management (HLNG). The renewed agreement includes the delivery of spare parts and field maintenance services, as well as Wärtsilä’s latest digital solutions, and exten
Due to high prices and the demand for energy security, the US is poised to become the leading exporter of LNG in 2023 and potentially pave the way for $100 billion in new developments to support long-term growth, according to a new report from energy intelligence group Wood Mackenzie. In 2022, the U
TDI-Brooks has been awarded a geophysical, geotechnical, and benthic sampling survey campaigns to study seabed conditions within the project lease area and potential export cable routes off the U.S. East Coast. The data collected will help determine safe and responsible project design and engineerin
Classification society ABS has issued New Technology Qualification (NTQ) for non-flammable battery technology called Blue G for use at sea.
Chevron has inked a memorandum of understanding (MoU) on methane management with Egypt’s Ministry of Petroleum and Mineral Resources.
Netherlands-headquartered Fugro is acquiring two platform supply vessels (PSVs) which will be repurposed into geotechnical vessels. Fugro announced the purchase of 2015-built PSVs Topaz Endurance and Topaz Energy as part of its net zero 2035 roadmap. According to the company, these vessels are signi
US natural gas company Tellurian has ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction, an increase in natural gas production, and $474.2 million of cash and cash equivalents. It also completed the acquisition of natural gas assets of approximately 5,000 net a
India’s Ministry of Ports, Shipping and Waterways (MoPSW) has revealed its plans to increase the share of renewable energy to 60%.
Gulfstream LNG Development, a recently launched mid-sized greenfield LNG export project, has filed an application to the United States Department of Energy (DOE) seeking authorisation to export up to 4 million tonnes per annum (mtpa) of LNG to free trade agreement (FTA) and non-FTA countries. The ap
Equinor has decided to keep one of Island Offshore’s offshore supply vessels (OSVs) busy for seven more months.
Eidesvik Offshore and Reach Subsea have formed a joint venture for the ownership and operation of the subsea inspection, maintenance, and repair (IMR) vessel Edda Sun, with Eidesvik as the majority stakeholder. Through the formation of the JV, the Norwegian companies have partnered up to acquire the
In its new report ‘Blue Hydrogen Production and Markets 2023-2033: Technologies, Forecasts, Players,’ technology company IDTechEx has forecasted that the global blue hydrogen market will grow to reach $34 billion by 2033. The company predicted that future blue hydrogen demand will be mainly driven b
Singapore-based shipowner Pacific Carriers has taken delivery of the first environmentally friendly MR tanker from South Korean shipbuilder K Shipbuilding.
Transocean is anticipating further growth in rig demand over the coming years, which will bring higher day rates and fleet utilisation.
