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Pine Prairie is one of six natural gas storage facilities included in the transaction; Source: Williams
Business & Finance

US player’s natural gas storage arsenal fortified with additional Gulf Coast assets

Williams has enriched its natural gas storage capabilities by putting the finishing touches on an acquisition of six Gulf Coast assets.

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Authorities & Government

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
Illustration; Courtesy of Golar
Business & Finance

Interview: LNG greasing the energy transition wheels – Black & Veatch’s take on low-carbon future

Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.

16 minutes read
MAN Karadeniz
Business & Finance

MAN ES to supply 48 dual-fuel engines to Karpowership

Engine powerhouse MAN Energy Solutions has signed a contract with Turkish powership builder and owner Karpowership for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships. The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output

about 2 years ago
Illustration; Image: Saad Sherida al-Kaabi,Minister of Energy in Qatar, and the President and CEO of QatarEnergy/Courtesy of QatarEnergy
Business Developments & Projects

QatarEnergy linked to $2.4 billion deal for 8 Q-Max LNG carriers, set to be world’s largest

Qatar’s LNG heavyweight QatarEnergy has sealed a contract with Chinese shipbuilder CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers, according to broker reports. Valued at over $2.4 billion, these cutting-edge vessels, part of QatarEnergy’s “Hundred Ship

about 2 years ago
Pertamina
Business Developments & Projects

Pertamina expands fleet with VLGC duo as it targets addition of six gas carriers in 2024

Indonesia’s Pertamina International Shipping (PIS) has welcomed into the fleet two Very Large Gas Carriers (VLGC), optimized for transporting LPG and petrochemical commodities such as ammonia. The twin tankers, each spanning twice the length of a football field, were constructed at Hyundai Samho shi

about 2 years ago
Inpex to increase stake in Ichthys LNG project
Business & Finance

Inpex to increase stake in Ichthys LNG project

Japan’s energy company Inpex Corporation is planning to enter into an agreement with Tokyo Gas in relation to the acquisition of the participating interests (1.575%) held by Tokyo Gas in the Ichthys LNG project, through Tokyo Gas Australian project subsidiaries. Through this acquisition, Inpex said

about 2 years ago
Prep begins for Scottish subsea link's converter station construction
Business & Finance

Prep begins for Scottish subsea link’s converter station construction

Enabling work has started in Peterhead for the proposed converter station for the Eastern Green Link 2 (EGL2) subsea electricity superhighway between Scotland and England. The joint venture project between SSEN Transmission and National Grid Electricity Transmission will see around 440 kilometers of

about 2 years ago
ICTSI
Business Developments & Projects

ICTSI commits to net zero GHG emissions by 2050

International Container Terminal Services (ICTSI), a port management company based in Manila, the Philippines, is taking a significant step towards a more sustainable future by committing to achieve net zero greenhouse gas (GHG) emissions for its Scope 1 and 2 emissions by 2050.

about 2 years ago
Fenix WHP; Source: Rosetti Marino
Business & Finance

Jacket and topside built for TotalEnergies’ gas project on their way to Argentina – gallery

Rosetti Marino has bid goodbye to a new jacket and topside, which embarked on a trip to their final destination to be installed at TotalEnergies’ gas project off the coast of Terra del Fuego in southern Argentina.

about 2 years ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business Developments & Projects

US research program funds ten marine energy projects

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved funding totaling nearly $1.3 million for ten projects under its eleventh Request for Technical Support (RFTS). According to TEAMER, these projects, designated as Technical Support Recipients (TSRs), will ha

about 2 years ago
Fairplayer; Source: Jumbo Offshore
Business & Finance

MODEC picks Dutch contractor for FPSO work on ExxonMobil’s oil development off Guyana

Jumbo Offshore has got a job with Japan’s MODEC for an FPSO, which will work on ExxonMobil’s fifth oil development offshore Guyana.

about 2 years ago
HDKSOE
Business & Finance

HD KSOE won orders for 25 ships since the beginning of 2024 worth over $2.15 billion

HD Korea Shipbuilding & Marine Engineering, the holding entity of HD Hyundai Shipbuilding Division, has kickstarted the year on a high note with a flurry of orders. Namely, since the beginning of the year, the South Korean shipbuilding major has signed construction contracts for a total of 25 ships

about 2 years ago
Danish PtX equipment manufacturer expands activities globally
Business Developments & Projects

Danish PtX equipment manufacturer expands activities globally

Danish Eltronic PtX, a manufacturer of equipment for the Power-to-X (PtX) industry, established in early 2023, is broadening activities in Denmark and the United States (U.S.). A new 3000 square meter facility is currently being planned at Eltronic’s headquarters in Denmark, with the company also pl

about 2 years ago
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