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Business & Finance

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Business Developments & ProjectsCarbon Capture Usage & StorageTransitionExploration & ProductionProject & TendersAuthorities & GovernmentInfrastructureOutlook & StrategyRegulation & PolicyVisionCollaborationPorts & LogisticsResearch & DevelopmentStorageTechnologyMarket Outlooks
FPSO Agogo; Source: Yinson Production
Business & Finance

Yinson Production charting carbon capture course with Norwegian firm

With the aim of forging a path toward sustainability, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has taken steps to ignite carbon capture advancement through its partnership with Carbon Circle, a Norway-based carbon capture a

about 10 months ago
$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field
Business & Finance

$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field

Italy’s Saipem has secured more work at Türkiye’s largest natural gas field as part of a new offshore contract worth approximately $1.5 billion. Under the new contract awarded by Turkish Petroleum Offshore Technology Center (TP-OTC), Saipem will deliver the engineering, procurement, construction and

about 10 months ago
Marine license application filed for one of UK’s largest power projects
Business & Finance

Marine license application filed for one of UK’s largest power projects

SSEN Transmission has submitted a marine license application for the Scottish marine elements of the Eastern Green Link 3 (EGL3) project between Scotland and England, set to become one of the biggest electricity transmission projects in the UK. The application, submitted to the Marine Directorate –

about 10 months ago
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New Energies
Business & Finance

Wison pools resources with Siemens Energy on FLNG and FPSO projects

China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (

about 10 months ago
Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania
Business & Finance

Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania

Polish energy company Hynfra has signed a framework agreement with the Government of Mauritania for a $1.5 billion green ammonia project in Nouakchott.

about 10 months ago
Dutch survey company settles in France to better serve local projects
Business & Finance

Dutch survey company settles in France to better serve local projects

Amsterdam-headquartered Deep, which specializes in hydrography, marine geophysics, UXO surveys and precise marine positioning, is strengthening its presence in France by opening a local entity to serve French clients and projects more efficiently. Set to start operating this month, Deep Atlantique w

about 10 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

$6.7 billion addition to $18.4B US LNG project approved and ready to roll

With the green light for a final investment decision (FID) on the fourth train now out of the way, Houston-headquartered NextDecade Corporation is moving full speed ahead with the expansion of the first phase of its liquefied natural gas (LNG) export project in Texas, United States. Another multibil

about 10 months ago
Tekmar
Business & Finance

Tekmar wins again in Middle East, contract worth over $10 million

Following a number of recent contracts in the region, UK-headquartered Tekmar Group has won another one in the Middle East, this time for the provision of its cable protection system. Under the contract worth over $10 million with what is described as a leading international engineering, procurement

about 10 months ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

Repairs ongoing as North Sea FPSO’s production levels drop

Serica Energy has revealed a downturn in production volumes from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS). Things are expected to improve by month-end once the unit’s repairs are out of the way.

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

‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia

U.S. offshore engineering and construction player McDermott has secured an offshore subsea contract with PTTEP Sabah Oil Limited (PTTEP) for a gas field expansion project offshore Malaysia. McDermott is in charge of the engineering, procurement, construction and installation (EPCI) services for a ca

about 10 months ago
China leads in total committed investments in $110B clean hydrogen industry, report finds
Business & Finance

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 10 months ago
Offshore platform
Business & Finance

$320M project to store CO2 at Gulf of Thailand gas field gets green light

Thailand’s national oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), has reached the final investment decision (FID) on a carbon capture and storage project (CCS) at a gas field in the Gulf of Thailand.

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

TotalEnergies strikes decade-long Asian LNG deal with South Korea’s KOGAS

TotalEnergies has secured a multi-year liquefied natural gas (LNG) supply agreement with Korea Gas Corporation (KOGAS), South Korea’s national gas company, which is perceived to be one of the world’s largest importers of LNG.

about 10 months ago
Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects
Business & Finance

Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects

U.S.-based electrolyzer manufacturer Electric Hydrogen has acquired compatriot hydrogen project developer Ambient Fuels in a deal aimed at expanding the company’s project pipeline and strengthening its ability to co-develop clean hydrogen facilities with customers.

about 10 months ago
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