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With environmental approval in place, Canada’s Cedar LNG inks long-term liquefaction services deal
Business Developments & Projects

With environmental approval in place, Canada’s Cedar LNG inks long-term liquefaction services deal

Cedar LNG, Canada’s first Indigenous majority-owned LNG facility, has received its environmental assessment certificate (EAC) from the British Columbia (B.C.) Environmental Office, and has signed a memorandum of understanding with ARC Resources for long-term liquefaction services. The proposed Cedar

about 3 years ago
Mexico’s Énestas joins SEA-LNG coalition
Business Developments & Projects

Mexico’s Énestas joins SEA-LNG coalition

Énestas, the Mexican natural gas company which provides access to LNG for power generation, industry, and transport, has become a member of SEA-LNG, the multi-sector industry coalition established to demonstrate the commercial and environmental benefits of LNG as a marine fuel. According to SEA-LNG,

about 3 years ago
Golar acquires New Fortress Energy’s stake in FLNG Hilli
Business Developments & Projects

Golar acquires New Fortress Energy’s stake in FLNG Hilli

Golar LNG, an owner and operator of marine LNG infrastructure, has closed the acquisition of New Fortress Energy’s (NFE) stake in FLNG Hilli – the 2.4 mtpa floating liquefaction facility. On 15 March, Golar confirmed that the agreement to acquire NFE’s interest in FLNG Hilli, effective 1 January 202

about 3 years ago
EPS’ newbuild LNG dual-fuel bulker undergoes desulphurisation conversion
Business Developments & Projects

EPS’ newbuild LNG dual-fuel bulker undergoes desulphurisation conversion

COSCO Shipping Heavy Industry (Zhoushan) shipyard has wrapped up its first liquefied natural gas (LNG) dual-fuel bulk carrier desulphurisation conversion on the newbuild Mount Ararat. According to information provided by the VesselsValue, the 210,000 dwt LNG dual-fuel bulker carrier is owned by a Si

about 3 years ago
Illustration; Source: Westwood
Business Developments & Projects

With exploration farm-outs of higher risk wells being more common, Westwood urges buyers to beware

Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.

about 3 years ago
A photo of a RWE offshore wind farm
Business Developments & Projects

RWE conducting seabed habitat survey for 3 GW offshore wind farm in UK

RWE is performing a benthic survey off the northeast coast of the UK, where the company plans to build its 3 GW Dogger Bank South (DBS) Offshore Wind Farm. According to a Notice to Mariners from the project, the developer has contracted Ocean Ecology to carry out the seabed habitat survey at the off

about 3 years ago
First electricity produced from Minesto’s second foundation in Faroe Islands
Business Developments & Projects

First electricity produced from Minesto’s second foundation in Faroe Islands

Swedish ocean energy developer Minesto has installed the tidal power plant Dragon 4 and generated the first electricity at the newly added second foundation in Vestmannasund, Faroe Islands. The production of the first electricity was revealed in Minesto’s update on the Vestmanna project on 14 March.

about 3 years ago
Subsea 7 buys more into Seaway 7, issues voluntary offer to acquire remaining shares
Business Developments & Projects

Subsea 7 buys more into Seaway 7, issues voluntary offer to acquire remaining shares

Subsea 7 has completed the acquisition of additional shares in Seaway 7, bringing its total ownership of the issued and outstanding share capital in the company to 93.94 per cent. On 14 March, Subsea 7 announced it had completed the acquisition of 187,889,551 shares in Seaway 7, corresponding to 21.

about 3 years ago
AD Ports
Business Developments & Projects

AD Ports pens Head of Terms for multipurpose terminal in Pointe Noire Port, Republic of Congo

UAE-based port operator AD Ports Group signed today a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire in the Republic of Congo. Under the HoT, AD Ports Group has

about 3 years ago
RMK lays keel for LNG Shipping’s 2nd bunker barge chartered by Shell
Business Developments & Projects

RMK lays keel for LNG Shipping’s 2nd bunker barge chartered by Shell

RMK Marine Shipyard in Tuzla, Turkey, has laid the keel for an 8000 m3 inland waterways liquified natural gas (LNG) bunker barge owned and operated by LNG Shipping (a joint venture between Victrol and Groupe Sogestran) and long-term time chartered by Shell. The companies said the barge, named LNG Er

about 3 years ago
Terntank
Business Developments & Projects

NEOT inks charter deal for Terntank’s wind/methanol-ready tankers

North European Oil Trade (NEOT), a Finland-based group specializing in oil and bioproducts sale in the Nordic countries, has signed a charter agreement with Terntank for the shipping company’s two wind/methanol-ready hybrid tankers. Swedish shipping company Terntank placed an order for two plus two

about 3 years ago
Oman makes multi-billion-dollar hydrogen move
Business Developments & Projects

Oman makes multi-billion-dollar hydrogen move

Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed six term-sheet agreements for hydrogen production worth more than RO 20 billion (around $51 billion) over the next seven years. The agreements were signed with developers from Belgium, the Netherlands, the Unite

about 3 years ago
Illustration; Source: Oil Spill Response Limited (OSRL)
Business Developments & Projects

Former BP exec joins Oil Spill Response Limited as CEO

Oil Spill Response Limited (OSRL) has welcomed a new CEO, who previously worked in various executive positions at BP.

about 3 years ago
Illustration; Source: Europa Oil & Gas
Business Developments & Projects

UK oil & gas player promotes from within to fill CEO role

UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas picked a new Chief Executive Officer (CEO), after its current one decided to resign.

about 3 years ago
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