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Business Developments & Projects

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Illustration; Source: Trafigura
Business Developments & Projects

Korea’s gas player taps Singapore’s Trafigura for LNG offtake

Trafigura, a Singapore-headquartered commodities group, has secured a multi-year deal to supply liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS), the Republic of Korea’s national gas company, said to be one of the world’s largest importers of LNG.

about 11 months ago
FLNG Nguya sail away ceremony
Business Developments & Projects

New unit ready to complete FLNG pair at Eni’s Congolese project

Italy’s energy giant Eni and China-based Wison New Energies have held the sailaway ceremony for the floating liquefied natural gas (FLNG) facility the latter is building for the former’s LNG development offshore Congo.

about 11 months ago
Enviros Group Expands Middle East Operations with New Offices in UAE
Business Developments & Projects

Enviros Group Expands Middle East Operations with New Offices in UAE

Forging a stronger presence at the heart of the Middle East Written by Enviros Group Enviros Group (Enviros) has strengthened its presence in the Middle East with the opening of three new offices in the United Arab Emirates; two in Abu Dhabi and one in Dubai. The move marks a significant step forwar

about 11 months ago
Tangguh LNG; Source: BP
Business Developments & Projects

Chinese giant expands its oil & gas footprint in Southeast Asia

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has enlarged its Asian portfolio with two exploration blocks in Indonesia.

about 11 months ago
Cerberus
Business Developments & Projects

Bringing ‘manufacturing renaissance’ to US: HD Hyundai, Cerberus, KDB to help revitalize US maritime capabilities

South Korean conglomerate HD Hyundai and American alternative investment firm Cerberus Capital Management have decided to enter into a strategic partnership to launch a new maritime investment strategy, Cerberus Maritime.

about 11 months ago
CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship
Business Developments & Projects

CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship

Greek shipowner Capital Clean Energy Carriers (CCEC) has entered into an agreement to sell a Neo-Panamax container vessel and secured financing for six dual-fuel medium gas carrier (MGC) newbuilds.

about 11 months ago
BW Opal floating production storage and offloading unit
Business Developments & Projects

Australia ups energy ante: LNG project ready for start-up, FPSO weeks away from first gas

Australian energy player Santos has shed light on the progress made in bringing its oil, gas, and liquefied natural gas (LNG) projects to life, with one project reaching the stage where all the pieces are in place to come online, another is fast approaching the same level, and the third one in Alask

about 11 months ago
'Proud moment' for Reach Subsea as its USV travels to Australia
Business Developments & Projects

‘Proud moment’ for Reach Subsea as its USV travels to Australia

Norway’s Reach Subsea has sent off its uncrewed surface vessel (USV) on a trip to Australia where it will provide reservoir monitoring for Australia’s energy giant Woodside Energy. The Reach Remote 2 USV, which Reach Subsea took delivery of in June, is currently travelling to Australia to perform re

about 11 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business Developments & Projects

Drydocks World EPC contractor of choice for ‘world’s largest’ FLNG

Amigo LNG, the Mexican joint venture of Texas-based Epcilon LNG and Singapore-based LNG Alliance, has awarded an engineering, procurement, and construction (EPC) contract to the UAE-headquartered marine and offshore services provider Drydocks World, a part of DP World, for the floating liquefied nat

about 11 months ago
Zoex Power's wave energy device. Source: Zoex Power
Business Developments & Projects

ZOEX Power puts wave energy tech to test in Türkiye’s Black Sea

Aberdeen-based ZOEX Power has deployed its wave energy technology for testing in the Black Sea, Türkiye, with initial results showing higher generation than anticipated. According to the company, the system has already produced several hundred kWh, which were used to power electric heaters at its qu

about 11 months ago
Shearwater to spend two months in Angola working for ExxonMobil
Business Developments & Projects

Shearwater to spend two months in Angola working for ExxonMobil

Norway’s Shearwater GeoServices has secured another contract in Africa, this time for a deepwater ocean bottom node (OBN) seismic survey it will perform for ExxonMobil in Angola. The two-month project, secured with ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited, will begin during th

about 11 months ago
A large vessel at sea
Business Developments & Projects

Efforts ongoing to unlock West of Shetland trio’s hydrocarbon arsenal

Ithaca Energy, a North Sea oil and gas operator and producer, has reported significant progress toward unlocking long-term value creation in the West of Shetland area through targeted value-led investment into three oil and gas projects being developed on the UK Continental Shelf (UKCS).

about 11 months ago
Equinor places order for all-electric subsea production system with OneSubsea
Business Developments & Projects

Equinor places order for all-electric subsea production system with OneSubsea

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Norwegian state-owned energy company Equinor to deliver an all-electric subsea production system (SPS) for the Fram Sør field offshore Norway. The award fo

about 11 months ago
West Gemini drillship
Business Developments & Projects

Seadrill JV’s drillship pair secures over 800 days in Angola

Sonadrill Holding, a joint venture between offshore drilling contractor Seadrill and an affiliate of Angola’s state-controlled oil company Sonangol, has won two contracts for a vessel pair from its fleet.

about 11 months ago
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