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Illustration; Source: IPTO
Business Developments & Projects

Great Sea Interconnector running out of time: Two EU countries taking another crack at negotiations

Greece and Cyprus are getting ready to hold talks, which are seen as a last shot to sort out the issues surrounding an interconnection project that will link the Cypriot-Greek electricity grids.

about 1 year ago
An artist's rendering of a a floating production unit
Business Developments & Projects

Ten-year deal with Woodside helping Japan up its decarbonization ante by adding Australian LNG to its energy mix

Australian energy player Woodside has signed a long-term sale and purchase agreement (SPA) with Japan’s power generation company JERA, a joint venture of TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, to deliver liquefied natural gas (LNG) to Japan.

about 1 year ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

Dolphin Drilling rig’s journey to India nearing the finish line

Dolphin Drilling has revealed that one of its semi-submersible rigs is heading down the home stretch to India, where it will begin its new drilling campaign.

about 1 year ago
Slow steaming
Business Developments & Projects

Slow steaming: The other side of the coin

Although many shipowners are turning to slow steaming to cut fuel consumption and emissions, this strategy could have negative effects as well, design and engineering firm Houlder has warned.

about 1 year ago
An offshore platform with cranes surrounded by two vessels
Business Developments & Projects

Trinity’s takeover by Trinidadian firm pressing on as previous contender decides to step back

After the acquisition of UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, by Canada-based Touchstone Exploration was upheaved by a cash offer from a third player, Trinidad-headquartered Lease Operators, the new w

about 1 year ago
FPSO Haikui-1; Source: CNOOC
Business Developments & Projects

First oil flows from Asia’s deepwater revitalization project sporting new platform and FPSO

CNOOC has kicked off production from an oil project off the coast of China, which has been equipped with a platform and floating production, storage, and offloading (FPSO) unit as part of the revitalization efforts undertaken at old deepwater oil fields, contributing new value to ensure the country’

about 1 year ago
Ertuğrul Gazi is Türkiye-flagged floating storage regasification unit (FSRU) for liquified natural gas; Source: BOTAŞ
Business Developments & Projects

After ExxonMobil, Shell and TotalEnergies shake hands with BOTAŞ on 10-year LNG deals fueling Türkiye’s regional gas hub aspirations

Shell and TotalEnergies have sealed multi-year liquefied natural gas (LNG) deals with the Turkish Petroleum Pipeline Corporation (BOTAŞ).

about 1 year ago
A large vessel sailing
Business Developments & Projects

US-Greek LNG deal opens new route for energy diversification in Europe

Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has signed a binding multi-year terminal use agreement (TUA) with Greek gas player Gastrade, to supply markets in Central and Eastern Europe (CEE) with LNG from the former’s Louisiana terminals.

about 1 year ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business Developments & Projects

New order fires starting gun on next LNG-carrier-to-FLNG conversion work with $2.2 billion budget

Golar LNG is pooling resources with China’s CIMC Raffles and Black & Veatch to bring to life an MK II floating LNG (FLNG) vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum (mtpa).

about 1 year ago
A vessel sailing
Business Developments & Projects

Japanese duo’s FPSO and FSO repair method becomes ABS-certified

Japan’s MODEC and Toray Industries have received what they say is the first of its type approval from the American Bureau of Shipping (ABS) for their process for in-situ ship repairs of floating production, storage, and offloading (FPSO) and floating storage and offloading (FSO) systems.

about 1 year ago
Poole Harbour, UK.
Business Developments & Projects

UK cosmetics company co-funds tidal energy project near its head office

LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool

about 1 year ago
FSRU Excelsior; Source: Excelerate Energy
Business Developments & Projects

European firm sets up shop in Germany to handle work on Wilhelmshaven 2 LNG terminal

KN Energies (KN) has hung out its shingle in Germany by establishing a German subsidiary, KN Energies Deutschland, within its corporate group, which will be in charge of executing its assignment with the German state-owned company, Deutsche Energy Terminal (DET), by providing technical operation and

about 1 year ago
Industry heavyweights to advance ammonia dual-fuel 8,200 TEU boxship design
Business Developments & Projects

Industry heavyweights to advance ammonia dual-fuel 8,200 TEU boxship design

Swiss shipping major Mediterranean Shipping Company (MSC), classification society Lloyd’s Register (LR), German engine manufacturer MAN Energy Solutions (MAN ES) and Shanghai Merchant Ship Design & Research Institute (SDARI) have signed a Memorandum of Understanding (MoU), which now includes the Lib

about 1 year ago
Joe Biden
Business Developments & Projects

US unlocks nearly $300 million for modernization of ferry systems

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced grants totalling nearly $300 million from President Biden’s Bipartisan Infrastructure Law to expand and modernize the nation’s ferry systems.

about 1 year ago
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