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Business & Finance

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Structural twin for FPSO can unlock multimillion dollar savings for offshore energy production; Source: Akselos
Business & Finance

FPSO structural twin enabling assets’ life extension and multimillion-dollar savings for oil & gas operators

Akselos has unveiled its structural performance management (SPM) software designed to enhance asset performance, ensure uninterrupted operations, and extend the asset life of floating production, storage, and offloading (FPSO) vessels.

about 1 year ago
Illustration; Source: Nexans
Business & Finance

Nexans sets aside €90 million to support European offshore wind growth

Nexans, a French manufacturer of subsea power cables, has unveiled a €90 million investment to build new and upgrade existing facilities to support the growth of offshore wind in Europe. The investment will begin in 2025 and run through 2026 when the work is planned to be completed. The funding will

about 1 year ago
Four persons with flashlights inspecting the interior of a metal construction
Business & Finance

Eight new LNG carriers to feature French firm’s tanks

France’s technological containment specialist Gaztransport & Technigaz (GTT) has been hired by two Korean shipyards to design tanks for two sets of four new liquefied natural gas carriers (LNGCs) on behalf of an undisclosed shipowner.

about 1 year ago
An illustration showing two onshore plants
Business & Finance

New offtake deal takes Texas LNG project to FID-ready stage

Texas LNG, a subsidiary of Glenfarne Energy Transition has signed another heads of agreement (HOA) for a long-term supply of liquefied natural gas (LNG) from its proposed facility in Texas’ Port of Brownsville. Thanks to the latest agreement, the developer says it has the customer offtake commitment

about 1 year ago
Crown LNG plans to utilize gravity-based structures for LNG regasification and liquefaction facilities; Source: Crown LNG
Business & Finance

Crown on the lookout for new LNG opportunities but postpones sanctioning of FSRU project in UK

Crown LNG has bumped to next year the final investment decision (FID) for its planned and fully owned floating liquefied natural gas (FLNG) import terminal in Scotland’s Firth of Forth.

about 1 year ago
An illustration of an LNG vessel next to a pier
Business & Finance

Headwinds push Florida LNG project completion back five years to decade’s end

The United States Federal Energy Regulatory Commission (FERC) has granted Eagle LNG Partners, a Texas-based energy player, an extension of the deadline to finish the construction of the proposed small-scale liquefied natural gas (LNG) facility in Jacksonville, Florida.

about 1 year ago
Safe Concordia; Source: Prosafe
Business & Finance

Flotel’s lengthened stay in Gulf of Mexico brings millions of dollars to Prosafe

Prosafe has won a charter extension with an undisclosed company for one of its semi-submersible vessels that will continue working in the U.S. Gulf of Mexico.

about 1 year ago
LNG carrier; Source: ABB
Business & Finance

Swiss firm to kit out QatarEnergy’s 15 LNG vessels with permanent magnet shaft generator tech

ABB has been tasked with providing permanent magnet shaft generator technology to power 15 liquified natural gas (LNG) carriers, which South Korea’s Samsung Heavy Industries (SHI) will build for work with QatarEnergy.

about 1 year ago
Rio Grande LNG
Business & Finance

$18.4 billion gas project’s life on the line – Court ruling poses a threat to US LNG infrastructure buildout, developer says

A court ruling is said to have put a liquefied natural gas (LNG) export project at Texas’ Port of Brownsville in danger by revoking the reauthorization granted by the Federal Energy Regulatory Commission (FERC).

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Drilling ops in Morroco still ongoing but gas volumes so far seem below pre-drill estimates

Energean is continuing to drill a well at its gas field in the Lixus license located 40km off the coast of Morocco in the Atlantic Ocean.

about 1 year ago
Troll C platform in the North Sea; Source: Equinor
Business & Finance

Two North Sea platforms plug into shore power as works on full electrification continue to take decarbonization up a notch

Equinor has shifted its carbon footprint reduction efforts into higher gear with the partial electrification of two offshore platforms at a giant North Sea field off the coast of Norway.

about 1 year ago
An illustration of an LNG terminal on the coast
Business & Finance

Offtake deal bringing Mexican LNG to Oman

Amigo LNG, a Mexican subsidiary of Singapore’s LNG Alliance, has signed a binding heads of agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied natural gas (LNG) from its liquefaction facility under development on Mexico’

about 1 year ago
Van Oord's next-gen hybrid cable layer picks up cable for its debut project
Business & Finance

Van Oord’s new, hybrid cable layer ready for its first offshore wind project

Van Oord’s new, next-generation cable-laying vessel (CLV) is getting ready for its first project with the pick up of inter-array cables destined for a UK offshore wind farm. Calypso, Van Oord’s second CLV which will mostly be used for installing inter-array and export cables for offshore wind projec

about 1 year ago
Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.
Business & Finance

Thirteen marine energy projects secure $2.1M support through US research program

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved funding of $2.1 million for 13 projects through its thirteenth Request for Technical Support (RFTS). According to TEAMER, the selected projects will receive support for testing, access to numerical modeling

about 1 year ago
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