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Business Developments & Projects

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LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business Developments & Projects

US DOE clears path for approving LNG exports, deeming them in public interest

The U.S. Department of Energy (DOE) has responded to comments on the assessment of liquefied natural gas (LNG) exports on the country’s energy, economy, and the environment, marking what it says is a “critical” step toward the resumption of issuing export orders.

about 1 year ago
Anemoi
Business Developments & Projects

LR confirms performance of Anemoi rotor sails after 167 on-off tests on Kamsarmax bulker

Classification society Lloyd’s Register has verified the performance of Anemoi Marine Technologies’ rotor sails on a Kamsarmax bulker, confirming the latter’s method for calculating rotor sail technology performance.

about 1 year ago
GEOxyz opens first office in Africa, more expansions in its roadmap
Business Developments & Projects

GEOxyz opens first office in Africa, more expansions in its roadmap

GEOxyz has opened its first branch in Africa, located in Namibia, marking what the Belgium-headquartered survey company describes is a significant milestone in its international expansion strategy. According to GEOxyz, Namibia was chosen as the regional base due to its central location, strong busin

about 1 year ago
MSC Cruises places €3.5 billion order for two new LNG-powered World Class ships
Business Developments & Projects

MSC Cruises places €3.5 billion order for two new LNG-powered World Class ships

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has decided to expand its LNG-powered World Class series with two new ships to be built by Chantiers de l’Atlantique in Saint-Nazaire, France.

about 1 year ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business Developments & Projects

North Sea operator takes steps to boost its stake in UK’s largest gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has made a move to enlarge its operated interest in a gas field, said to be the largest one on the UK Continental Shelf (UKCS), by acquiring Spirit Energy’s share in the asset.

about 1 year ago
Minesto has resumed electricity production from its 1.2 MW Dragon 12 tidal kite Luna in Vestmannasund, Faroe Islands, following an upgrade period with a longer tether.
Business Developments & Projects

Minesto’s megawatt-scale tidal kite returns to action after upgrade

Swedish tidal energy developer Minesto has resumed electricity production from its 1.2 MW Dragon 12 tidal kite Luna in Vestmannasund, Faroe Islands, following an upgrade period, most prominently including a longer tether. According to Minesto, the Dragon 12 is now back in operation and supplying pow

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

New oil discovery springs up in Norwegian waters

Aker BP has made a new oil discovery in the Norwegian Sea, off the coast of Norway, with a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
With final permits in place, Galveston LNG Bunker Port gears up for 2027 launch
Business Developments & Projects

With final permits in place, Galveston LNG Bunker Port gears up for 2027 launch

Galveston LNG Bunker Port (GLBP), a joint venture (JV) between Seapath and Pilot LNG, is set to progress toward a final investment decision (FID), having received necessary construction authorizations from the U.S. Army Corps of Engineers and U.S. Coast Guard.

about 1 year ago
Fluxys and OQGN advance hydrogen plans in Oman with term sheet signing
Business Developments & Projects

Fluxys and OQGN advance hydrogen plans in Oman with term sheet signing

Fluxys and OQGN have signed a term sheet cooperation agreement to jointly develop the hydrogen transportation infrastructure in Oman.

about 1 year ago
DOF's four new contracts with Petrobras worth around $480 million
Business Developments & Projects

DOF’s four new contracts with Petrobras worth around $480 million

Norwegian vessel owner DOF Group has secured four long-term contracts with Brazil’s state-owned energy giant Petrobras that are together worth approximately $480 million. Skandi Iguaçu, which DOF describes as one of the biggest anchor handling tug and supply (AHTS) vessels ever built in Brazil with

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Business Developments & Projects

Guyana’s new bill to hold operators accountable for oil spills

Given the challenges many countries around the globe have faced in containing oil spills, Guyana has taken steps to avoid a similar fate by making oil and gas operators liable for environmental protection, thanks to a new legislation, which sets out a comprehensive national legal framework for oil s

about 1 year ago
A digital rendering of an LNG plant by the coast
Business Developments & Projects

TotalEnergies backs Canada’s low-CO2 floating LNG project

TotalEnergies Gas & Power Asia (TTEGPA), an affiliate of the French energy major TotalEnergies, has signed a long-term sales and purchase agreement (SPA) with Ksi Lisims LNG Limited Partnership to purchase liquefied natural gas (LNG) from the future plant located on Pearse Island on the northwest co

about 1 year ago
Mabanaft rebrands to reflect shift toward future-oriented energy solutions
Business Developments & Projects

Mabanaft rebrands to reflect shift toward future-oriented energy solutions

After more than 75 years, Germany-based Mabanaft Group has rebranded as MB Energy to reflect its transformation into a future-focused energy supplier, with a renewed emphasis on customer focus, innovation, and energy transition.

about 1 year ago
Illustration; Source: ADES
Business Developments & Projects

Fresh ten-year gig puts another ADES rig back in Aramco’s oil & gas orbit

ADES Group has landed a long-term contract renewal in the Kingdom of Saudi Arabia (KSA), which allows another one of its previously suspended jack-ups to return to work with Aramco, a Saudi energy giant.

about 1 year ago
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