Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri
As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy
Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge
This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.
InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra
Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.
India-based firm Larsen & Toubro has secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India. The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation rese
UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chu
MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 k
Borr Drilling has managed to extend existing and secure new assignments for three premium jack-up rigs in its fleet.
BW Offshore has tucked in new construction milestones for an FPSO, which is expected to be deployed on a gas field offshore Australia.
Norwegian authorities have handed out a drilling permit for an exploration well in the North Sea off Norway, which is expected to be spud this month using one of Odfjell Drilling-managed semi-submersible rigs.
MODEC has confirmed the start of the construction phase for an FPSO, which is destined to work on ExxonMobil’s oil development off Guyana.
