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Business & Finance

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Business Developments & ProjectsCollaborationGreen MarineOutlook & StrategyAuthorities & GovernmentExploration & ProductionInfrastructureRegulation & PolicyProject & TendersVisionEnvironmentRules & RegulationCarbon Capture Usage & StorageInnovationResearch & DevelopmentTechnology
Ascenz Marorka partners with Greek firm to deliver maritime decarbonization solutions
Business & Finance

Ascenz Marorka partners with Greek firm to deliver maritime decarbonization solutions

Ascenz Marorka, a smart shipping arm of France’s GTT Group, has formed a commercial partnership with Greek company Piraeus Marine Services to strengthen its position in providing one-stop maritime decarbonization solutions for shipyards and shipping companies in Greece.

about 1 year ago
FPSO Liza Destiny; Credit: SBM Offshore
Business & Finance

Guyana greenlights $51.2 billion to move forward with its mega gas-to-energy project

Guyana’s Office of the Prime Minister has put its stamp of approval on planned budgetary allocations of $141.45 billion, which is anticipated to lend a helping hand in finishing important projects. As a result, this amount encapsulates a $51.2 billion investment to bolster the country’s flagship gas

about 1 year ago
Vår Energi's precommitment to subsea systems to cut tie-back development time by up to one year
Business & Finance

Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year

Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year. Under the S

about 1 year ago
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters; Source: Aker Solutions
Business & Finance

Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat

Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a fight.

14 minutes read
FPSO Liza Destiny working offshore Guyana; Source: Hess Corporation
Business & Finance

With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025

Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana.

about 1 year ago
Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant
Business & Finance

Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant

TA’ZIZ awarded an engineering, procurement, and construction (EPC) contract worth $1.7 billion to Samsung E&A for UAE’s first methanol plant.

about 1 year ago
CINEA
Business & Finance

Turning innovative ideas into reality: CINEA presents 4 green maritime projects

The European Climate, Infrastructure and Environment Executive Agency (CINEA) has shared details of several ‘transformative waterborne projects’ that have moved from the R&D phase to a successful scale-up stage.

about 1 year ago
EemsEnergy Terminal
Business & Finance

Dutch terminal’s open season checking the pulse of LNG import demand after 2027

EemsEnergy Terminal has taken steps to determine whether it should remain in business after 2027 or close its doors by launching an open season for the storage and regasification of LNG in the Eemshaven after 2027 in the Netherlands.

about 1 year ago
Diversified offshore oil & gas services provider to arise with new merger
Business & Finance

Diversified offshore oil & gas services provider to arise with new merger

Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration and Singapore’s tender-assisted drilling provider Energy Drilling have signed a letter of intent (LoI) to merge into a combined company that would offer diversified offshore oil & gas services. The transaction will

about 1 year ago
Rendering of a side view of an LNG terminal at the coast
Business & Finance

Baker Hughes’ solution selected for Pelican State’s new LNG plant

Argent LNG, a U.S.-based energy company dedicated to developing liquefied natural gas (LNG) export solutions, has selected energy company Baker Hughes to supply the liquefaction solution and related services for its proposed natural gas export facility in Port Fourchon, Louisiana.

about 1 year ago
Repsol invests €2.549 billion in renewable hydrogen push
Business & Finance

Repsol to invest more than €800 million in renewable methanol plant in Spain

Spanish energy giant Repsol has approved a more than €800 million investment in renewable methanol project Ecoplant in Tarragona.

about 1 year ago
FPSO Errea Wittu; Source: MODEC
Business & Finance

Baker Hughes bags ‘major’ deal for ExxonMobil’s Guyana-bound FPSO duo

Baker Hughes has been hired on a multi-year assignment related to two floating production, storage, and offloading (FPSO) vessels, which are destined to work on two upcoming oil projects on the Stabroek block off the coast of Guyana, operated by an affiliate of America’s energy giant ExxonMobil.

about 1 year ago
Several people shoveling dirt at a groundbreaking ceremony
Business & Finance

WATCH: Nigeria’s gas ‘revolution’ pressing forward with inauguration of 5 mini LNG plants

The Nigerian National Petroleum Corporation (NNPC) and its partners have held a ground-breaking ceremony for five mini-liquefied natural gas (LNG) plants in Ajaokuta, Nigeria’s Kogi State.

about 1 year ago
504 MW link between Ireland and Great Britain enters commercial operations
Business & Finance

504 MW link between Ireland and Great Britain begins commercial operations

The Greenlink interconnector linking the electricity grids of Ireland and Great Britain has officially entered commercial operation, following more than three years of construction. The start of commercial operations took place on January 29 and was announced by James O’Reilly, Chief Executive Offic

about 1 year ago
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