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Business Developments & Projects

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FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business Developments & Projects

With regulatory green light secured, Brazilian tie-back project charges full steam ahead

Brazilian oil and gas company PRIO has received the authorization for a tie-back project in Brazil’s Campos basin.

about 10 months ago
Ksi Lisims LNG concept; Source: Western LNG
Business Developments & Projects

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 10 months ago
LR forges alliance with H2C to propel maritime decarbonization
Business Developments & Projects

LR forges alliance with H2C to propel maritime decarbonization

UK-based classification society Lloyd’s Register (LR) has formed a strategic partnership with H2C, the global attribute market platform for low-carbon fuels, to speed up maritime fuel switching.

about 10 months ago
Louisiana LNG
Business Developments & Projects

$17.5 billion Louisiana LNG project surges ahead with new construction milestone

As America’s energy policy continues to assert dominance across the global power sector, especially in relation to the liquefied natural gas (LNG) construction boom, which is reshaping the U.S. Gulf’s energy landscape, a development in Calcasieu Parish, Louisiana, operated by Australia’s Woodside En

about 10 months ago
Intermoor and Jumbo Offshore have forged a strategic alliance to advance offshore energy projects; Courtesy of Acteon
Business Developments & Projects

Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms

A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering fully integrated project

about 10 months ago
Seatrium yard; Source: Seatrium
Business Developments & Projects

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 10 months ago
Global OTEC’s structural prototype for operating OTEC in tropical storm prone environments under the Horizon Europe funded 'PLOTEC' project
Business Developments & Projects

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 10 months ago
All systems go for Panama Canal’s prirority passage program for dual-fuel vessels
Business Developments & Projects

All systems go for Panama Canal’s prirority passage program for dual-fuel vessels

The Panama Canal is all set to implement a new category within its transit reservation system, the NetZero Slot, designed to propel maritime decarbonization and support the canal’s commitment to achieving net-zero emissions by 2050.

about 10 months ago
LNG carrier Zoe Knutsen at sea
Business Developments & Projects

Final piece in place: Knutsen’s ninth LNG carrier for Shell arrives

The French subsidiary of Norwegian shipping company Knutsen has welcomed its latest liquefied natural gas (LNG) carrier that will be chartered to the U.K. energy giant Shell.

about 10 months ago
FSRU Hoegh Galleon; Source: Höegh LNG
Business Developments & Projects

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 10 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business Developments & Projects

$15.1 billion financing in the bag for first phase of Venture Global’s $28B LNG project

Standard Chartered, an international banking group, has shed light on its role in securing a multibillion-dollar financing for a liquefied natural gas (LNG) export project in Louisiana, which is the third such facility Venture Global, an American producer of LNG sourced from North American basins, h

about 10 months ago
hydrogen
Business Developments & Projects

EU puts €20M on the table to push wave energy forward

The European Commission has launched a Horizon Europe pre-commercial procurement (PCP) call aimed at reducing risks in wave energy technology development. The call runs from 16 September 2025 until 17 February 2026 and allocates €20 million to advance wave energy converters to higher technology read

about 10 months ago
A jack-up rig at a shipyard
Business Developments & Projects

‘World’s largest’ jack-up starts first decom with Perenco post refurbishment

A heavy lift jack-up vessel owned by the Netherlands-based decommissioning services specialist Petrodec has started decommissioning work with the UK subsidiary of Anglo-French oil and gas player Perenco in the Southern North Sea (SNS).

about 10 months ago
‘World’s first’ dual-fuel methanol escort tug hits the water
Business Developments & Projects

‘World’s first’ dual-fuel methanol escort tug hits the water

Turkish shipbuilder Sanmar has launched “the world’s first” large purpose-built dual-fuel methanol escort tug constructed for KOTUG Canada, a partnership between KOTUG International and Canada’s Horizon Maritime.

about 10 months ago
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