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Business & Finance

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Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

$28 billion US LNG project in the Pelican State clears key regulatory export checkpoint

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has received the final seal of approval to export up to 3.96 billion cubic feet (bcf) per day of U.S. natural gas as liquefied natural gas (LNG) to non-free trade agreement (FTA) countries from it

about 9 months ago
Haesong Kepco
Business & Finance

Haesong Offshore Wind, KEPCO partner on smart fault detection tech for subsea cables

South Korea’s Haesong Offshore Wind has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO) to introduce Smart Fault Locator (SFL) technology for submarine cable fault detection. The Haseong Offshore Wind 1-3 projects are managed and funded by Copenhagen Infrastr

about 9 months ago
Funding to accelerate 'sea snake' wave energy converter toward sea trials
Business & Finance

Funding to accelerate ‘sea snake’ wave energy converter toward sea trials

UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes

about 9 months ago
Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships
Business & Finance

Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships

Taiwanese container shipping company Evergreen Marine Corporation has commissioned Chinese and South Korean shipyards to build a total of 14 LNG dual-fuel containerships in its latest fleet expansion move.

about 9 months ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 9 months ago
‘World’s largest’ cable laying vessel launches, sea trials on schedule
Business & Finance

‘World’s largest’ cable laying vessel launches, sea trials on schedule

Jan De Nul has launched its first XL cable-laying vessel (CLV), Fleeming Jenkin, with the final vessel construction phase now starting, including sea trials. Jan De Nul announced in October 2023 that it had placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard, followed by an order for

about 9 months ago
Scarabeo 9 rig at sea
Business & Finance

Saipem’s rig trio rakes in millions for jobs with Eni in Africa, Mediterranean, and Far East

Saipem has boosted its offshore drilling order intake with new multimillion-dollar contracts and extensions that are perceived to reinforce its presence in key strategic areas, such as West Africa, the Mediterranean, and the Far East. As a result, three rigs will be on drilling duty with Eni, an Ita

about 9 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras cracks the code to turn rejection into approval: Go-ahead for drilling ops in hand

Brazil’s state-owned energy giant Petrobras has cleared the regulatory hurdle for its planned drilling activities in the Foz do Amazonas Basin, which is located in the northern offshore region of Brazil, near the mouth of the Amazon River.

about 9 months ago
Swedish tidal energy developer sees South Korea as ‘highly attractive market’
Business & Finance

Swedish tidal energy developer sees South Korea as ‘highly attractive market’

Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim

about 9 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig drawing Beach Energy’s first chapter of Australian drilling campaign to a close

Beach Energy is edging closer to the end of the first phase of its drilling program in Australian waters, which is being conducted by a rig owned by Transocean, an offshore drilling giant.

about 9 months ago
Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech
Business & Finance

Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech

DeepOcean as the project owner and its five partners have launched a joint industry project to commercialize an innovative subsea flowline heating technology designed to reduce manufacturing and installation costs by up to 35% and carbon emissions by 30% through the separation of pipeline and heatin

about 9 months ago
Melbourne and Shanghai ports shake hands on green shipping corridor
Business & Finance

Melbourne and Shanghai ports shake hands on green shipping corridor

Australia’s Port of Melbourne and China’s Port of Shanghai have joined forces to establish a green shipping corridor.

about 9 months ago
Grain LNG
Business & Finance

QatarEnergy makes use of ‘largest LNG receiving terminal’ in Europe

QatarEnergy has started utilizing liquefied natural gas (LNG) storage and regasification capacity at a giant LNG terminal in the UK, which is described as Europe’s largest LNG regasification terminal, located at Isle of Grain to the east of London.

about 9 months ago
Thor rig; Source: Crystal Offshore via LinkedIn
Business & Finance

Borr rig embarks on multi-well oil & gas drilling job in Asia, another unit joining next month

UK-headquartered oil and gas player Pharos Energy has confirmed the start of drilling activities in Block 16-1, located in the shallow water Cuu Long Basin, off the coast of Vietnam. A jack-up rig, owned by Borr Drilling, an offshore drilling player, has begun this drilling assignment. This mobile o

about 9 months ago
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