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Business Developments & Projects

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A vessel at sea at sunset
Business Developments & Projects

Celsius and Basalt’s two-vessel LNG fleet growing by one, possibly more

UK-based investment firm Basalt Infrastructure Partners has signed a deal to add a newbuild liquefied natural gas (LNG) carrier to the existing LNG platform owned by its joint venture with Denmark’s Celsius Shipping.

about 1 year ago
STAX Engineering
Business Developments & Projects

ERMA FIRST drops anchor in Green Marine program waters

Greece-based ballast water treatment specialist ERMA FIRST has formally joined Green Marine, an environmental certification program for the North American maritime industry. As disclosed, the company stepped aboard the program to ‘bolster’ its commitment to ecologically responsible shipping on both

about 1 year ago
CP2 LNG; Source: Venture Global
Business Developments & Projects

‘No significant’ emission impacts from Venture Global’s proposed US LNG export project, FERC finds

Since the U.S. Department of Energy (DOE) instructed all agencies to carry out environmental reviews before pending liquefied natural gas (LNG) export projects get the green light, the U.S. Federal Energy Regulatory Commission (FERC) has disclosed a draft supplemental environmental impact statement

about 1 year ago
Kenai LNG terminal in Alaska; Source: ConocoPhillips
Business Developments & Projects

Alaska’s LNG terminal shaking off years-long stasis with revamp to stave off gas shortages

Three players have signed on the dotted line to enable an existing liquefied natural gas (LNG) terminal in Nikiski on Alaska’s Kenai Peninsula to change hands and be given a kiss of life through redevelopment, which will unleash new flows of natural gas to Southcentral market, keeping looming supply

about 1 year ago
Prinos
Business Developments & Projects

EnEarth secures millions in EU funding for Prinos CO2 project

The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.

about 1 year ago
Spanish Avalon to invest €8 billion in hydrogen and derivatives projects
Business Developments & Projects

Spanish Avalon to invest €8 billion in hydrogen and derivatives projects

Spanish energy company Avalon Renovables plans to invest around €8 billion in the development of green hydrogen and derivatives projects in different locations distributed between the provinces of Jaén, Huelva, Cádiz and Málaga.

about 1 year ago
Noble Don Taylor drillship; Source: Noble
Business Developments & Projects

Noble rigs and Stena drillship get down to oil & gas drilling business offshore Guyana

Four drillships, owned by Noble Corporation and Stena Drilling, have buckled down and resumed hydrocarbon exploration at the Stabroek block off the coast of Guyana, enabling ExxonMobil to stay the course and continue searching for more oil and natural gas resources on South America’s North Atlantic

about 1 year ago
Offshore installation begins to connect Sicily to Sardinia and Italian peninsula
Business Developments & Projects

Offshore installation activities begin to connect Sicily to Sardinia and Italian peninsula

Italian cabling company Prysmian Group has kicked off the offshore installation activities for an interconnector that will link Sicily to Sardinia and to the Italian peninsula. The €3.7 billion Tyrrhenian Link, developed by Italy’s transmission system operator (TSO) Terna, will connect Sicily with S

about 1 year ago
Norve jack-up rig; Source: Borr Drilling
Business Developments & Projects

Borr jack-up rig spuds final well on its list of drilling tasks with BW Energy

BW Energy has started drilling the last well in its current program at an oil field in the Dussafu license off the coast of Gabon, Africa. The drilling activities are being carried out with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.

about 1 year ago
Madu Conductor Supported Platform CSP; Source: First E&P
Business Developments & Projects

Nigerian offshore fields reach new decarbonization heights with 96% cut in routine gas flaring

The Nigerian National Petroleum Company (NNPC) has tucked a new milestone in the reduction of routine flaring of associated gas (AG) from two shallow-water oil and gas fields located off the coast of Nigeria.

about 1 year ago
Scana firm gets gig to deliver steel parts for subsea production systems
Business Developments & Projects

Scana firm gets gig to deliver steel parts for subsea production systems

Sweden-headquartered Subseatec, owned by Scana, has secured a frame agreement with an undisclosed client under which it will deliver steel parts for subsea production systems for a period of three years. As part of the frame agreement that will begin in Q1 2025, Subseatec will be the exclusive globa

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

Decision over progressing Brazilian oil discovery to FEED entry stage due in spring

Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil.

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Business Developments & Projects

GTT-COSCO collab sets out to strengthen LNG, ethane shipping sector

French LNG containment specialist GTT has signed a strategic cooperation agreement with China’s COSCO Shipping LNG Investment and COSCO Shipping Heavy Industries to explore joint development of LNG carriers, ethane carriers, floating LNG (FLNG) units., and crude carriers.

about 1 year ago
Infinium joins forces with Summit Carbon Solutions to advance e-fuel production
Business Developments & Projects

Infinium joins forces with Summit Carbon Solutions to advance e-fuel production

U.S.-based e-fuels provider Infinium and compatriot operator of carbon capture and storage (CCS) facilities Summit Carbon Solutions have entered an arrangement for the supply of up to 670,000 metric tons of carbon dioxide (CO2) annually at a proposed e-fuels facility in North Dakota or South Dakota.

about 1 year ago
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