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Business Developments & Projects

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Energean and Edison agree to exclude Algerian assets from E&P deal
Business Developments & Projects

Energean and Edison agree to exclude Algerian assets from E&P deal

Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition.

about 6 years ago
Energean’s FPSO hull heads to Singapore for topside integration
Business Developments & Projects

Energean’s FPSO hull heads to Singapore for topside integration

A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, April 3, 2020.

about 6 years ago
Oil price drop pushes Lekoil into cost-cutting mode
Business Developments & Projects

Oil price drop pushes Lekoil into cost-cutting mode

Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.

about 6 years ago
Venture Global LNG terminal
Business Developments & Projects

Venture Global moves forward with Calcasieu Pass LNG project

U.S. LNG export project developer Venture Global LNG says it is making headway with its Calcasieu Pass liquefied natural gas export project. The company completed a string test of the first Venture Global Calcasieu Pass mixed refrigerant compression system at Baker Hughes’ testing facility in Massa,

about 6 years ago
Petronas hires second Alam Maritim anchor handler this year
Business Developments & Projects

Petronas hires second Alam Maritim anchor handler this year

Malaysian offshore support vessels and subsea services provider Alam Maritim Resources has been awarded a work order for the provision of anchor handling tug and supply (AHTS) for Petronas Carigali.

about 6 years ago
Cryopeak LNG tanker
Business Developments & Projects

Cryopeak breaks ground on new LNG production facility

Cryopeak LNG Solutions is building a new liquefied natural gas production facility located in Fort Nelson, British Columbia. The facility is expected to be capable of producing up to 90,000 gallons of LNG per day, according to a Cryopeak statement. The facility will be the closest LNG production poi

about 6 years ago
KC LNG bunkering facilities
Business Developments & Projects

KC LNG to build bunkering facilities for Scotland’s CMAL

Scottish ferry owner Caledonian Maritime Assets (CMAL) has ordered two liquefied natural gas bunkering facilities from KC LNG. Denmark-based KC LNG, a Kosan Crisplant’s division under MAKEEN Energy, said in a statement it expects to complete the bunkering facilities in July 2022. The facilities will

about 6 years ago
Innogy enters Taiwanese offshore wind market
Business Developments & Projects

Innogy enters Taiwanese offshore wind market

Essen-based energy company innogy has entered into a strategic partnership with Asia Cement Corporation to jointly develop the 448 MW Chu Feng offshore wind project in Taiwan. The Chu Feng offshore wind farm is located off the northwest coast of Taiwan near Hsinchu City, in the wind-rich Taiwan Stra

about 6 years ago
Photo of Helios Remote Sensing System at sea, awarded DOE's funding in 2017
Business Developments & Projects

US DOE issues $ 20 million offshore wind call

The U.S. Department of Energy (DOE) has called for applications for funding that will support offshore wind technology demonstration and wind resource characterisation projects.

about 6 years ago
Yinson hit with FPSO deal termination after Aker Energy defers Pecan project
Business Developments & Projects

Yinson hit with FPSO deal termination after Aker Energy defers Pecan project

Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy terminated its agreement with Yinson for the provision of an FPSO for the project.

about 6 years ago
Hoegh logo
Business Developments & Projects

Hoegh applies for Cyprus LNG import licence

Norway’s Hoegh LNG said Wednesday that its unit has applied for a liquefied natural gas infrastructure ownership, operations and development license in Cyprus. Cyprus is pushing forward to diversify its energy mix to reach new emission targets for the country’s power production. The country plans to

about 6 years ago
Byron Energy curbs Gulf of Mexico output due to sharp decline in oil price
Business Developments & Projects

Byron Energy curbs Gulf of Mexico output due to sharp decline in oil price

Byron Energy has decided to ramp-down production from the SM71 field in the U.S. Gulf of Mexico due to a sharp decline in demand and glut in both international and local supplies.

about 6 years ago
Ten tech developers win Ocean DEMO prize
Business Developments & Projects

Ten tech developers win Ocean DEMO prize

The EU-funded Ocean DEMO project has awarded recommendations for support to ten offshore renewable energy developers under its 2nd call. The awards will support developers on their path to commercialisation and ease the transition of ocean energy towards multi-device farms by providing free access t

about 6 years ago
Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market
Business Developments & Projects

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.

about 6 years ago
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