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Business & Finance

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Louisiana LNG
Business & Finance

$17.5 billion Louisiana LNG project surges ahead with new construction milestone

As America’s energy policy continues to assert dominance across the global power sector, especially in relation to the liquefied natural gas (LNG) construction boom, which is reshaping the U.S. Gulf’s energy landscape, a development in Calcasieu Parish, Louisiana, operated by Australia’s Woodside En

about 10 months ago
Intermoor and Jumbo Offshore have forged a strategic alliance to advance offshore energy projects; Courtesy of Acteon
Business & Finance

Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms

A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering fully integrated project

about 10 months ago
Seatrium yard; Source: Seatrium
Business & Finance

Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout

A subsidiary of the Singapore-headquartered Seatrium has opted to continue its arbitration fight, following a court ruling which dismissed its appeal to halt a multimillion-dollar payment in a legal rig contract dispute. The Asian giant had previously assumed certain potential claims related to a ri

about 10 months ago
FSRU Hoegh Galleon; Source: Höegh LNG
Business & Finance

Chevron, Höegh Evi, SLB, and Energean helping Egypt expand energy horizons to fuel its future

Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainabi

about 10 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

$15.1 billion financing in the bag for first phase of Venture Global’s $28B LNG project

Standard Chartered, an international banking group, has shed light on its role in securing a multibillion-dollar financing for a liquefied natural gas (LNG) export project in Louisiana, which is the third such facility Venture Global, an American producer of LNG sourced from North American basins, h

about 10 months ago
hydrogen
Business & Finance

EU puts €20M on the table to push wave energy forward

The European Commission has launched a Horizon Europe pre-commercial procurement (PCP) call aimed at reducing risks in wave energy technology development. The call runs from 16 September 2025 until 17 February 2026 and allocates €20 million to advance wave energy converters to higher technology read

about 10 months ago
NKT named preferred bidder for UK’s subsea green electricity superhighway
Business & Finance

NKT named preferred bidder for UK’s subsea green electricity superhighway

Danish power cable manufacturer and installation firm NKT has been selected as the preferred bidder for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, set to become one of the biggest electricity transmission projects in the U

about 10 months ago
Leman Alpha complex in the North Sea
Business & Finance

Petrofac staying longer on North Sea assignment with Shell’s affiliate

UK-headquartered oilfield services provider Petrofac has secured a contract extension in the North Sea, which will enable it to keep working for a subsidiary of Shell, a compatriot energy giant.

about 10 months ago
Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028
Business & Finance

Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028

Subsea7 has secured a new project with Saudi Arabia’s energy giant Aramco under their long-term agreement (LTA), covering pipeline work and topside modification. Subsea7’s contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometers of infield and exp

about 10 months ago
Rendering of the proposed Monkey Island LNG terminal
Business & Finance

$35 billion offtake deal paving the way for development of Louisiana’s proposed LNG project

Monkey Island LNG (MILNG), a private company addressing the global energy crisis and growing demand for liquefied natural gas (LNG) through the development of U.S. natural gas infrastructure, has secured a memorandum of understanding (MoU) with an undisclosed investment-grade international oil compa

about 10 months ago
Sevan's semi-submersible FPU design; Source: Sevan Deepwater Technology (Sevan DWT)
Business & Finance

New design of semi-sub floating production unit expands Norwegian firm’s offshore energy offering

Norway’s specialized marine engineering and design house Sevan Deepwater Technology (Sevan DWT), formerly Sevan SSP, has unveiled a new concept for a semi-submersible floating production unit (FPU) designed for deployment across the offshore energy realm, including the oil and gas arena.

about 10 months ago
FLNG Nguya; Source: Eni
Business & Finance

Singapore’s POSH on towing duty from Asia to Africa for Eni’s Congo-bound FLNG

Singapore’s offshore marine solutions company, PACC Offshore Services Holdings (POSH), is in charge of lending a helping hand in transporting a floating liquefied natural gas (FLNG) unit from China to Congo, where it will be deployed at Phase 2 of the African country’s first LNG project, operated by

about 10 months ago
Illustration; Source: Chevron
Business & Finance

Chevron’s JV with local player makes a play for four hydrocarbon blocks offshore Greece

Hellenic Hydrocarbons & Energy Resources Management Company (Herema) has revealed that a joint venture (JV), entailing the U.S.-headquartered energy giant Chevron and Helleniq Energy, has submitted bids for hydrocarbon exploration at four blocks off the coast of Greece.

about 10 months ago
Hellenic Cables to link Corfu island to Greek mainland
Business & Finance

Hellenic Cables to link Corfu island to Greek mainland

Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) has awarded Hellenic Cables with a contract for the delivery of a cable system that will link the island of Corfu with the mainland. IPTO announced a couple of days ago that it was investing over €61 million to f

about 10 months ago
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