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Business & Finance

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LNG carrier (for illustration purposes); Source: GTT
Business & Finance

Multiple tank design orders for LNG vessels in GTT’s bag

French technological containment specialist Gaztransport & Technigaz (GTT) has won new tank design jobs for liquefied natural gas (LNG) carriers (LNGCs) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Hanwha Ocean.

about 3 months ago
Illustration: Source: Wood Mackenzie
Business & Finance

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

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about 3 months ago
Haesong Offshore Wind signs supply chain agreements with LS Cable, LS Marine Solution, KEPCO E&C
Business & Finance

Haesong Offshore Wind signs supply chain agreements with LS Cable, LS Marine Solution, KEPCO E&C

Haesong Offshore Wind has signed preferred supplier agreements (PSAs) with LS Cable & System and LS Marine Solution, alongside a tripartite memorandum of understanding (MoU) with LS Cable & System and KEPCO Engineering and Construction (KEPCO E&C), for its Haesong Offshore Wind 1 and 3 projects in S

about 3 months ago
Illustration; Source: Wood Mackenzie
Business & Finance

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents.

about 3 months ago
Illustration; Source: Vallourec
Business & Finance

French firm enters deal for bioenergy with CCS projects in Brazil

French tubular solutions provider Vallourec and Syngular Solutions, a Brazilian engineering and consulting company specialized in bioenergy with carbon capture and storage (BECCS) and carbon capture, utilization and storage (CCUS) projects, have signed a memorandum of understanding (MoU) to collabor

about 3 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s North Sea industry demands action on prioritizing domestic energy

As the North Sea offshore energy industry voices urge the UK government to put an end to reliance on imports, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has emphasized the need for the government to focus on unlocking homegrown power of supply to mitigate the

about 3 months ago
Viking Avant; Source: Eidesvik
Business & Finance

Eidesvik’s 2004-built vessel staying on with Equinor until year-end

Norwegian offshore vessel owner Eidesvik Offshore has landed an extension for its 22-year-old supply ship, which is working for Equinor, a compatriot state-owned energy giant.

about 3 months ago
An offshore platform being approached by a small vessel
Business & Finance

Prosafe on the lookout for more vessel work to enrich its fleet’s backlog

Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its fleet utilization for last month and its plans for the future.

about 3 months ago
Illustration; Source: Petrobras
Business & Finance

More work with Petrobras on Baker Hughes’ oil & gas scope in Brazilian waters

U.S.-headquartered energy technology giant Baker Hughes has secured a contract extension with Brazil’s state-owned energy giant Petrobras for the expansion of integrated well construction operations across the South American country’s pre-salt offshore oil and gas fields.

about 4 months ago
Adriatic LNG; Source: VTTI
Business & Finance

QatarEnergy prolongs force majeure, Edison’s total affected LNG cargoes reach 17

Qatar’s state-owned oil and gas giant QatarEnergy has notified Italy’s Edison about a contractual force majeure extension, adding five more liquefied natural gas (LNG) cargos to the existing list of impacted ones.

about 4 months ago
FPSO illustration; Source: SBM Offshore
Business & Finance

ABS endorses SBM Offshore’s Shell-backed FPSO deepwater cooling tech

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received the green light for its seawater intake riser (SWIR) technology from American Bureau of Shipping (ABS), a classification society.

about 4 months ago
IMO approves new safety guidelines for ammonia-fueled ships
Business & Finance

IMO approves new safety guidelines for ammonia-fueled ships

The International Maritime Organization (IMO) has approved the new safety guidelines for the use of ammonia as fuel on gas carriers, providing a practical framework to manage the associated safety risks, particularly its toxicity and handling requirements. The guidelines were developed through colla

about 4 months ago
Pioneering Spirit vessel - Allseas
Business & Finance

ABL finds work on ExxonMobil’s huge Australian offshore decom campaign

ABL, part of Oslo-listed global consultancy group ABL Group, has been hired to support Esso Australia Resources (Esso), a subsidiary of U.S.-headquartered energy giant ExxonMobil, during an offshore removal campaign of multiple platforms, hundreds of wells, and subsea infrastructure off the coast of

about 4 months ago
Contract with Shell’s JV marks Strohm’s entry into Egypt
Business & Finance

Contract with Shell’s JV marks Strohm’s entry into Egypt

Dutch manufacturer of thermoplastic composite pipe (TCP), Strohm, has secured its first contract in Egypt, with Burullus Gas Company, a joint venture (JV) between EGAS, Shell and Petronas. Strohm will supply a 2,000-meter flowline for one of the West Delta Deep Marine (WDDM) projects offshore Egypt,

about 4 months ago