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EU flag; Source: Council of Europe
Business Developments & Projects

EU’s natural gas demand in 2023 hits lowest level in 15 years

The demand for natural gas in the EU has taken a downturn for the second year in a row, reaching the lowest level since 2008.

about 2 years ago
Main suppliers revealed for NKT's new cable layer as it gets its name
Business Developments & Projects

Main suppliers revealed for NKT’s second cable layer as it gets its name

Denmark-based power cable manufacturer and installation company NKT has named its new cable laying vessel (CLV) NKT Eleonora, meaning shining light. According to NKT, the name is a reference to the company’s central position in transmitting power through its cable solutions and to the bright future

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business Developments & Projects

Shell gives Deltic more time to secure funds for its share of appraisal costs at North Sea discovery

Deltic Energy has managed to obtain additional time to ensure that its share of costs will be secured for the appraisal of a discovery in the North Sea.

about 2 years ago
FPSO Johan Castberg; Source: Equinor
Business Developments & Projects

WATCH: Massive newbuild FPSO embarking on sea trials before starting its Barents Sea gig

Equinor has disclosed the departure of its giant new floating production, storage, and offloading (FPSO) vessel from Aker Solutions’ Stord yard.

about 2 years ago
OPEC
Business Developments & Projects

OPEC+ stretches production cuts into 2025 but presents timeline to ease off oil curbs later on

With geopolitical challenges and economic uncertainties at the forefront, OPEC+ will prolong production cuts into 2025 to prop up oil markets.

about 2 years ago
Freeport LNG
Business Developments & Projects

JERA’s partial stake in US LNG project going to JAPEX

JERA has decided to offload a partial interest in an LNG export project located in the United States (U.S.) to optimize its asset portfolio.

about 2 years ago
Planning consent issued for solar methanol plant in Port Augusta
Business Developments & Projects

Planning consent issued for solar methanol plant in Port Augusta

Solar Methanol 1 (SM1), the proposed solar thermal-powered plant that will produce green methanol in Port Augusta, South Australia, has received planning consent.

about 2 years ago
Fairfield’s dual-fuel LNG tanker Fairchem Pathfinder wraps up first bunkering
Business Developments & Projects

Fairfield’s dual-fuel LNG tanker Fairchem Pathfinder wraps up first bunkering

Fairchem Pathfinder, one of Fairfield Chemical Carriers’ four 26,000 DWT dual-fuel LNG newbuilds, has completed its inaugural LNG bunkering operation in Singapore.

about 2 years ago
Saipem to take over China-built latest generation heavy lift pipelay vessel in June
Business Developments & Projects

Saipem to take over China-built latest generation heavy lift pipelay vessel in June

Chinese state-owned port and naval machinery manufacturer ZPMC has held the completion ceremony for the latest generation vessel for offshore heavy lifting, construction and pipelaying, set to be delivered to Saipem. The completion ceremony of the JSD6000 was held at ZPMC’s base in Changxing and the

about 2 years ago
Cable production kicks off for TenneT’s 2 GW grid connection projects
Business Developments & Projects

Cable production kicks off for TenneT’s 2 GW grid connection projects

The production of TenneT’s new cables that can transmit up to 2 GW of offshore wind capacity has started at LS Cable in Donghae, South Korea. The new cables with a voltage of 525 kV make it possible to transmit 2 GW of direct current (DC) over long distances with low losses, said the Dutch-German [&

about 2 years ago
AD Ports and partners to develop green methanol facility for maritime transport
Business Developments & Projects

AD Ports and partners to develop green methanol facility for maritime transport

AD Ports signed an MoU with Transmar and Orascom Construction to develop a green methanol storage and export facility for maritime transport.

about 2 years ago
Ramform Victory passing through Guanabara Bay; Source: PGS
Business Developments & Projects

After several delays, large survey over Brazilian field ready to begin

Norwegian seismic company PGS has received the final permit for a large 4D survey for Petrobras in the Campos basin off the coast of Brazil.

about 2 years ago
X-Press Feeders
Business Developments & Projects

X-Press Feeders orders four 11,000 TEU methanol-fueled boxships in China

Singapore-based independent common carrier X-Press Feeders has returned to Shanghai Waigaoqiao Shipbuilding (SWS), part of China State Shipbuilding Corporation (CSSC), to build four 11,000 TEU methanol-fueled containerships.

about 2 years ago
US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal
Business Developments & Projects

US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal

U.S. natural gas company Tellurian has entered into an agreement with a compatriot private investment firm and adviser for the sale of its integrated upstream assets, as well as heads of agreement for the offtake of LNG from its Driftwood plant. As part of the agreements, Texas-headquartered Aethon

about 2 years ago
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