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Illustration; Source: International Energy Agency (IEA)
Business & Finance

Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?

The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business & Finance

Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman

Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.

about 2 years ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

TotalEnergies becoming sole owner of Malaysian firm to boost gas production

TotalEnergies has taken steps to bolster its gas production in Malaysia by signing a deal with Sapura to obtain its entire stake in SapuraOMV.

about 2 years ago
Balticconnector gas pipeline back in operation following six-month shut-down
Business & Finance

Balticconnector gas pipeline back in operation following six-month shut-down

The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec

about 2 years ago
ACWA Power unites with IRENA to bolster renewable energy transition
Business & Finance

ACWA Power unites with IRENA to bolster renewable energy transition

ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.

about 2 years ago
Equinor and Nexans extend long-term relationship with four-year agreement
Business & Finance

Equinor and Nexans extend long-term relationship with four-year agreement

Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that

about 2 years ago
SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore gets its hands on $250 million FPSO construction loan

Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

about 2 years ago
Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry
Business & Finance

Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry

Shift and JLand Group (JLG) have signed an MoU to evaluate the establishment of a marine battery production facility in Johor.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business & Finance

TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

about 2 years ago
JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields
Business & Finance

JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields

JGC Holdings has decided to invest in AP Ventures Fund III to enhance its competitiveness in the exploration of technologies in the fields of hydrogen, ammonia and CCUS.

about 2 years ago
Korean firm gets financial support for US subsea cable factory
Business & Finance

Korean firm gets $99 million boost for US subsea cable factory

South Korean cable manufacturer LS Cable & System has received financial support from the U.S. Department of Energy (DOE) for its high-voltage submarine power cable factory in the U.S. LS GreenLink USA, a wholly-owned subsidiary of LS C&S, plans to build a manufacturing facility to produce high-volt

about 2 years ago
AET brings in Singfar’s LNG dual-fuel Aframax duo on long-term charter
Business & Finance

AET brings in Singfar’s LNG dual-fuel Aframax duo on long-term charter

AET, a petroleum arm of MISC, is advancing its fleet rejuvenation efforts with a new long-term charter for two LNG dual-fuel Aframaxes.

about 2 years ago
FPSO Voyageur Spirit; Source: KPL
Business & Finance

Norwegian firm hands over piece of equipment for Africa-bound FPSO ahead of deadline

Techouse has wrapped up its scope of work for a cylindrical FPSO with the delivery of a new sulphate removal unit (SRU).

about 2 years ago
Topsoe to build electrolyzer factory for clean hydrogen in US
Business & Finance

Topsoe to build electrolyzer factory for clean hydrogen in US

Topsoe has chosen Virginia, U.S., to build a new factory that will manufacture SOECs for the production of clean hydrogen and derivatives like eAmmonia and eMethanol.

about 2 years ago
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