Bourbon Subsea Services installed a floating electrical hub (FEH) at the EolMed pilot floating wind farm site in France in Autumn 2023, the company revealed on January 9. The FEH will be connected to the project’s three floating wind turbines on one side and to the export cable on the other to enabl
Green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top ten regional fuel ports, a new study shows.
Finnish state-owned energy company Gasum has signed an e-methane offtake agreement with Nordic Ren-Gas. The purchased e-methane will be delivered to customers in the road and maritime transport sectors. Under the long-term agreement, Gasum will buy all of the e-methane to be produced by Nordic Ren-G
Marine LNG infrastructure company Energos Infrastructure, majority-controlled by Apollo-managed funds and minority shareholder New Fortress Energy (NFE), has completed the acquisition of two floating storage and regasification units (FSRUs) from affiliates of Dynagas, an LNG maritime transportation
France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implem
Danish tanker company Maersk Tankers has acquired US pool operator Penfield Marine to create a large-scale crude and product tanker company offering a wider range of services.
ADNOC has made its first international equity investment foray in carbon management by becoming a lead investor in Storegga.
Canada’s Ksi Lisims LNG, a co-development of the Nisga’a Nation, Rockies LNG, and Western LNG, has signed a 20-year LNG sale and purchase agreement (SPA) with Shell. This is the first LNG offtake agreement executed by Ksi Lisims LNG. Under the agreement, Shell will purchase 2 million tonnes of LNG p
NextDecade LNG, a wholly owned subsidiary of U.S.-based energy company NextDecade, has made a credit agreement with MUFG Bank, as lender and administrative agent that provides for a $50 million senior secured revolving credit facility and a $12.5 million interest term loan to be utilized, among othe
Castrol, part of the BP group, has provided its take on whether hydraulic systems will be thrown out with the all-electric subsea production bathwater.
India recently greenlighted the inking of a memorandum of understanding (MoU) with Guyana to join forces in the hydrocarbon sector.
Wood has been hired by HD Hyundai Heavy Industries (HHI) for detailed engineering of the topsides facilities on a floating production unit (FPU) destined for Woodside’s deepwater oil project.
A consortium consisting of Lotte Chemical, Korea National Oil Corporation (KNOC) and Samsung Engineering has chosen KBR’s K-GreeN technology for Lotte Chemical’s green ammonia project, a part of H2biscus green hydrogen and ammonia project development in Sarawak, Malaysia. Specifically, under the ter
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
