US-based companies Excelerate Energy and Venture Global LNG have formed a new strategic partnership by executing a 20-year LNG sale and purchase agreement (SPA). The deal will see Excelerate purchase 0.7 million tonnes per annum (mtpa) of LNG on a free-on-board (FOB) basis from Venture Global’s Plaq
Yinson Green Technologies, through its subsidiary Yinson Venture Capital Pte., has made a strategic investment in Zeabuz AS, a Norwegian startup specializing in autonomous solutions for the maritime industry. The investment provides the foundation for YGT to work closely with Zeabuz in the developme
CRP Subsea has secured contracts from an undisclosed oil and gas original equipment manufacturer (OEM) to supply two solutions for a deepwater gas field in the South China Sea, offshore China.
The Spanish engineering company Técnicas Reunidas has been awarded an engineering contract for the development of a large-scale green hydrogen generation plant to be built in Andorra, Teruel, Spain. The contract includes the plant configuration study, the preparation of relevant technical documentat
Yilport Holding, a unit of Turkish Yildrim Group, has revealed that it took over the operations at Port of Sibenik in Croatia in the first week of February.
Dolphin Drilling has revealed its expectations of reaping the benefits in the future, thanks to improvements in the offshore drilling market.
The British Ports Association (BPA) has mapped out some of the most important pieces of legislation and regulation that affect ports and rated their suitability to the industry. The regulatory assessment identified 140 regulations, codes, and laws that affect ports. According to BPA, 12% of these we
UK-based oil and gas major BP has launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery in Spain. The company announced the launch of the hydrogen cluster on 28 February, stating that this BP-led public-private collaborative initiative aims to be based around t
Following the award of three contracts for the project announced earlier today, Azule Energy, a joint venture between BP and Eni, has selected another three companies for work at the Agogo field development project offshore Angola. Azule Energy contracted Baker Hughes to deliver subsea equipment and
Mitsubishi Heavy Industries (MHI) and Mitsubishi Heavy Industries Marine Machinery and Equipment (MHI-MME), a wholly-owned operating company of MHI, have conducted demonstration testing of 100 kW class cryogenic ORC (organic rankine cycle) power generation using the world’s first next-generation oil
Woodward, an engine injection system manufacturer, is developing a new range of injection systems to support the ongoing transition to new fuels in the global energy industry. According to Woodward, the comprehensive portfolio of new systems will be applicable for new and future fuel-powered engines
Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth q
A consortium of Dutch companies has launched a government-backed project to explore the synergies between offshore wind, offshore solar and hydrogen production at sea for improved sustainability of North Sea renewable energy projects.
The U.S. ports are expected to build out nearly $50 billion in green infrastructure over the next decade – and hydrogen is set to play a significant role in the industry’s plans, a recent survey from the American Association of Port Authorities (AAPA) shows. The survey covered AAPA’s membership and
