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Business & Finance

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Cables for New York's largest clean energy project cross US-Canada border
Business & Finance

Cables for New York’s largest clean energy project cross US-Canada border

The high-voltage direct current (HVDC) underwater and underground power cable project that will connect the Canadian border and New York has celebrated another construction milestone as cables have been floated across the U.S.-Canadian border marking the official start of marine installation work in

about 2 years ago
A 170,000 cubic meter LNG FSRU built by HD Hyundai Heavy Industries and delivered in 2020 (for illustration purposes); Source: HD Hyundai Marine Solutions
Business & Finance

2004-built vessel getting new lease on life as LNG FSU in Central America after European firm taps Korean shipbuilder for retrofit

HD Hyundai’s marine solutions arm has been hired by a European shipping player to undertake its first conversion of an LNG carrier into an LNG FSU.

about 2 years ago
Noble Deliverer semi-sub rig; Source: Noble
Business & Finance

Transocean, Valaris, Noble, Seadrill, and Diamond Offshore rigs’ drilling game lifts total backlog to $21.8 billion

Five rig-owning titans – Transocean, Valaris, Noble, Seadrill, and Diamond Offshore -which are seen as the crème de la crème of the offshore drilling contractors, have managed to increase their combined total backlog to a whopping $21.8 billion.

17 minutes read
Yang Ming
Business & Finance

Yang Ming on track to have energy-efficient fleet

Despite prolonged disruptions in the container shipping industry, Taiwanese shipping company Yang Ming has reported a profitable second quarter of 2024 and unveiled further ship acquisitions to meet its emission reduction targets.

about 2 years ago
Navigator
Business & Finance

Navigator Gas enters up to $147.6 million credit deal

Navigator Gas has entered into a secured term loan and revolving credit facility with Credit Agricole Corporate and Investment Bank, ING Bank and Skandinaviska Enskilda Banken.

about 2 years ago
James Carnegie (Viper Innovations), Phil Reid (J+S Subsea) and Richard Knox (Verlume).
Business & Finance

UK-made subsea battery systems hit the water offshore Canada

Three UK companies have deployed three subsea battery-powered control systems offshore Canada that are said to maintain the integrity of the subsea electrical infrastructure when topside electrical power is unavailable.

about 2 years ago
LNG plant by the seaside at sunset
Business & Finance

More Indonesian gas booked: Pertamina to supply compatriot player with LNG for five more years

Pertamina’s subsidiary PGN has penned two documents related to the sale of LNG with Indonesian firm Donggi-Senoro LNG (DS LNG).

about 2 years ago
Two milestones in for European JV at Senegalese links
Business & Finance

Two milestones in for European JV at Senegalese links

The UK-Belgium joint venture established last year has begun offshore operations and has already passed milestones for a project in Senegal that is part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. Under a $200

about 2 years ago
Woodfibre LNG
Business & Finance

Canada’s $5.1 billion gas project embarks on blasting ops to make room for world’s first net zero LNG export terminal

An LNG project has kicked off blasting activities to lay the groundwork for the future installation of the planned export terminal in Canada.

about 2 years ago
Several vessels and rigs located next to a shipyard in a sea strait
Business & Finance

WATCH: One bridge section for Aker BP’s North Sea platform done, four more left

Nymo has completed the first of five bridge sections it is building for a North Sea project being developed by Aker BP.

about 2 years ago
UK’s largest subsea green electricity  superhighway passes funding hurdle
Business & Finance

UK’s largest subsea green electricity superhighway cleared for construction take-off

UK energy market regulator Ofgem has selected what is set to become Great Britain’s longest-ever subsea connection as the first project to proceed under its fast-track process and to receive a £3.4 billion funding package. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete the fast-

about 2 years ago
Stabilis Solutions sets sights on LNG bunkering facility on US Gulf Coast
Business & Finance

Stabilis Solutions sets sights on LNG bunkering facility on US Gulf Coast

Leveraging strong demand for LNG, Stabilis Solutions is finalizing plans to build a dedicated LNG bunkering facility on the U.S. Gulf Coast.

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

New milestone for offshore gas project as LNG carrier departs with first cargo load (Video)

New Fortress Energy (NFE) has completed the first cargo load and sail operation at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago
Anchor FPU; Source: Chevron
Business & Finance

WATCH: All-electric FPU drops Anchor in Gulf of Mexico as ‘industry’s first’ deepwater 20K tech enables oil & gas flows from game-changing project

Chevron and TotalEnergies have used 20,000 psi (20K) technology to bring oil and natural gas from one of the industry’s first ultra-high pressure projects to the market and paving the way for the development of future ultra-high pressure, high-temperature discoveries around the world.

about 2 years ago
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