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An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Business & Finance

Support for US LNG terminals deemed as ‘backdoor’ for more gas drilling

The support for LNG projects skyrocketed to stave off a gas crunch. Which insurance players are enabling the operation of LNG terminals in the U.S.?

about 2 years ago
Darwin LNG in Australia; Source: Australian Energy Producers (former APPEA)
Business & Finance

Twofold jump in LNG demand places Australian gas at the heart of Asia’s energy security and emissions cuts

Australian Energy Producers is convinced that Australian gas has the opportunity to be a major piece of the Asia-Pacific’s emissions reductions and energy security puzzles.

about 2 years ago
Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs
Business & Finance

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago
Ocean Power Technologies delivers first set of USVs under its largest single order to date
Business & Finance

Ocean Power Technologies delivers first set of USVs under its largest single order to date

U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications

about 2 years ago
MLJ3 platform; Source: TotalEnergies
Business & Finance

Malaysian oil & gas firm swoops up TotalEnergies’ Brunei business for $259 million

TotalEnergies has set the wheels in motion to divest its affiliate in Brunei to Hibiscus Petroleum, enabling the latter to take over an offshore asset.

about 2 years ago
Solstad subsea vessels get prolonged charters
Business & Finance

Solstad subsea vessels get prolonged charters

Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2

about 2 years ago
More North Sea work comes along to Subsea7
Business & Finance

More North Sea work comes along to Subsea7

UK-headquartered oil and gas company Dana Petroleum has awarded Subsea7 with a contract to deliver subsea services at a field development located in the UK Central North Sea. The Bittern oil and gas field, located in Blocks 29/1a and 29/1b, was discovered in 1996 and has been developed through five

about 2 years ago
New company logo; Source: OMV
Business & Finance

OMV’s revamped brand identity puts focus on sustainability

OMV has revealed a new brand identity highlighting sustainability embodying the company’s ambition to become net-zero by 2050.

about 2 years ago
Outer Harbor project site in February 2024; Source: Venice Energy
Business & Finance

World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interest

Venice Energy is holding formal talks with multiple potential partners with ties to the U.S. and Asia to secure the future of a proposed LNG import terminal project in South Australia.

about 2 years ago
SLB closes joint venture with Norwegian carbon capture company
Business & Finance

SLB closes joint venture with Norwegian carbon capture company

American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma

about 2 years ago
UK duo in strategic partnership for offshore wind cables
Business & Finance

Two UK firms forge ties to drive innovation in offshore wind cables

UK companies 2H Offshore and Vekta Group have established a strategic partnership aimed at driving innovation in high-voltage cables for offshore wind developments. London-headquartered 2H provides structural, hydrodynamic, geotechnical engineering and related digital and integrity services for fixe

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Business & Finance

Another 20-year offtake deal for US project as Aramco bolsters its LNG arsenal

Aramco has inked non-binding heads of agreement (HoA) with NextDecade for a multi-year LNG sale and purchase agreement (SPA) for offtake from an LNG project in Texas.

about 2 years ago
Smoltek: We have technology to make green hydrogen production profitable
Business & Finance

Smoltek: We have technology to make green hydrogen production profitable

Swedish Smoltek Nanotech Holding has developed a technology that the company claims will make the production of green hydrogen profitable.

about 2 years ago
Samskip
Business & Finance

Samskip, TECO 2030, BLOM Maritime get ENOVA grant to retrofit ship with fuel cells, hydrogen fuel

Norway-based cleantech company TECO 2030, compatriot engineering company BLOM Maritime and Dutch logistics company Samskip have received a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and hydrogen fuel.

about 2 years ago
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