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Authorities & Government

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Altamira Fast LNG 1; Source: New Fortress Energy
Authorities & Government

Puerto Rico secures gas supply through multi-year LNG deal with US firm

U.S. energy infrastructure player New Fortress Energy (NFE) has ironed out the terms of a long-term gas supply contract with the government of Puerto Rico, which will enable it to provide liquefied natural gas (LNG) to the Caribbean nation.

about 1 year ago
IMO’s Net-Zero Framework caught in crossfire ahead of pivotal adoption decision
Authorities & Government

IMO’s Net-Zero Framework caught in crossfire ahead of pivotal adoption decision

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IMO’s Net-Zero Framework mandates a new fuel standard for ships and a global pricing mechanism for emissions.

about 1 year ago
Illustration; Source: International Energy Agency (IEA)
Authorities & Government

IEA: Oil & gas decline rates sound the alarm over global energy security risks

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi

about 1 year ago
Ksi Lisims LNG concept; Source: Western LNG
Authorities & Government

Canada signals readiness to back LNG boom with go-ahead for $7.4 billion project

As countries around the world prepare for massive energy infrastructure build-out, Canada is laying the groundwork to strengthen its trade might and energy security by giving the green light for a liquefied natural gas (LNG) project, which is being developed on the country’s northwest coast to expor

about 1 year ago
Seatrium yard; Source: Seatrium
Authorities & Government

Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout

A subsidiary of the Singapore-headquartered Seatrium has opted to continue its arbitration fight, following a court ruling which dismissed its appeal to halt a multimillion-dollar payment in a legal rig contract dispute. The Asian giant had previously assumed certain potential claims related to a ri

about 1 year ago
Global OTEC’s structural prototype for operating OTEC in tropical storm prone environments under the Horizon Europe funded 'PLOTEC' project
Authorities & Government

Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops

UK-based Global OTEC has been selected to take part in a new research project under the DeepStar program, an international consortium focused on offshore technology innovation. According to Global OTEC, the project will examine the potential of ocean thermal energy conversion (OTEC) to supply basel

about 1 year ago
FSRU Hoegh Galleon; Source: Höegh LNG
Authorities & Government

Chevron, Höegh Evi, SLB, and Energean helping Egypt expand energy horizons to fuel its future

Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainabi

about 1 year ago
UK government
Authorities & Government

UK government to channel more than $1.49B into maritime industry growth

The United Kingdom (UK) government has decided to allocate over £1.1 billion (approximately $1.49 billion) in joint government and industry investments for the maritime sector, seeking to expand growth and boost innovation in engineering, green technology and construction sectors. Per the nation’s D

about 1 year ago
NKT named preferred bidder for UK’s subsea green electricity superhighway
Authorities & Government

NKT named preferred bidder for UK’s subsea green electricity superhighway

Danish power cable manufacturer and installation firm NKT has been selected as the preferred bidder for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, set to become one of the biggest electricity transmission projects in the U

about 1 year ago
Stargate Hydrogen partners with Saudi Arabia’s RDIA to boost hydrogen innovation
Authorities & Government

Stargate Hydrogen partners with Saudi Arabia’s RDIA to boost hydrogen innovation

Stargate Hydrogen, an Estonia-based deep-tech and green hydrogen technologies manufacturer, has signed a memorandum of understanding (MoU) with the Research, Development, and Innovation Authority (RDIA) of Saudi Arabia to boost hydrogen innovation.

about 1 year ago
Panama
Authorities & Government

Panama burning the midnight oil for national maritime decarbonization plan

Panama is moving full steam ahead with the development of a national plan to decarbonize its maritime sector, the Panama Maritime Authority (PMA) said.

about 1 year ago
Illustration; Source: Chevron
Authorities & Government

Chevron’s JV with local player makes a play for four hydrocarbon blocks offshore Greece

Hellenic Hydrocarbons & Energy Resources Management Company (Herema) has revealed that a joint venture (JV), entailing the U.S.-headquartered energy giant Chevron and Helleniq Energy, has submitted bids for hydrocarbon exploration at four blocks off the coast of Greece.

about 1 year ago
Hellenic Cables to link Corfu island to Greek mainland
Authorities & Government

Hellenic Cables to link Corfu island to Greek mainland

Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) has awarded Hellenic Cables with a contract for the delivery of a cable system that will link the island of Corfu with the mainland. IPTO announced a couple of days ago that it was investing over €61 million to f

about 1 year ago
Karratha gas plant; Courtesy of Woodside
Authorities & Government

Woodside’s Australian gas project gets green light for 40 more years of operation

The Australian Government has approved the continuation of the operation of a gas project situated on Australia’s northwest coast, operated by the country’s energy giant, Woodside Energy.

about 1 year ago