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Business & Finance

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Calcasieu Pass terminal; Source: Venture Global
Business & Finance

Korean player taps US firm for two-decade-long LNG offtake

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed off on a multi-year LNG deal with Korea’s Hanwha Aerospace, described as a core affiliate of the Hanwha Group.

about 4 months ago
Modules for Shell's Fourchon Resiliency Project; Source: Morrison Energy
Business & Finance

New milestone for Shell’s project bolstering US Gulf energy infrastructure hub

Louisiana-based Chet Morrison Contractors, known as Morrison Energy, has confirmed the load-out of the first modules for a project aiming to up the resiliency ante of Port Fourchon in the Pelican State.

about 4 months ago
US LNG giant exercises option for more newbuild vessel charters from Ocean Yield and NYK
Business & Finance

US LNG giant exercises option for more newbuild vessel charters from Ocean Yield and NYK

Cheniere Marketing International, a wholly owned subsidiary of the U.S. energy player Cheniere Energy, has declared the option to increase the number of newbuild liquefied natural gas (LNG) carriers it will charter from Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushik

about 5 months ago
Corpus Christi LNG terminal
Business & Finance

Corpus Christi becomes second-largest US LNG export project thanks to export expansion approval

The U.S. Energy Department has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal, located on the La Quinta Ship Channel in South Texas. The authorization, signed by U.S. Secretary of Energy Chris Wright, allows additional exports of up to 0.

about 5 months ago
Alaska LNG
Business & Finance

TotalEnergies signs preliminary deal to offtake Alaskan LNG for 20 years

French energy giant TotalEnergies has signed a letter of intent (LoI) with lead developer Glenfarne for the offtake of 2 million tons per year (mtpa) of liquefied natural gas (LNG) over 20 years from the Alaska LNG project, subject to the project’s final investment decision (FID). The Alaska LNG pro

about 5 months ago
Fully certified Reach Remote USV to inspect Gassco’s subsea pipelines
Business & Finance

Fully certified Reach Remote USV to inspect Gassco’s subsea pipelines

Norway’s Reach Subsea has won a contract to perform an external inspection of a large part of the subsea pipeline portfolio of Norwegian state-owned gas grid operator Gassco, using its Reach Remote 1 uncrewed surface vessel (USV). Under the contract secured with Equinor on behalf of Gassco, Reach Su

about 5 months ago
First offshore vessel to operate on ammonia coming this autumn
Business & Finance

First offshore vessel to operate on ammonia coming this autumn

Norwegian offshore vessel owner Eidesvik Offshore has tasked Halsnøy Dokk with the conversion of the platform supply vessel (PSV) Viking Energy to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with

about 5 months ago
Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO
Business & Finance

Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO

Everllence, formerly MAN Energy Solutions, will deliver its electrically driven compressor technology to MODEC for a floating production, storage, and offloading (FPSO) vessel that will work at an oil project offshore Guyana operated by ExxonMobil. Everllence will deliver four barrel-type RB compres

about 5 months ago
AD Ports and Nimex break ground on LPG terminal hub at Khalifa Port
Business & Finance

AD Ports and Nimex break ground on LPG terminal hub at Khalifa Port

UAE-based terminal operator AD Ports Group and Nimex Terminals, an affiliate of the global trading organization Nimex Petroleum Group, have broken ground on what is said to be the UAE’s first private-sector liquified petroleum gas (LPG) terminal hub, located at Khalifa Port. The LPG terminal hub, an

about 5 months ago
Ocean Sun's floating solar technology connected to offshore wind turbine in China (Courtesy of Ocean Sun)
Business & Finance

Norway: €710k public funding aims to advance floating solar tech performance

Norway’s Ocean Sun has secured NOK 8 million (around €710,000) in public funding for a project that aims to strengthen the long-term performance and reliability of its floating solar technology. The public funding was awarded for the Enhanced Environmental Resilience for OS FPV System (EROS) researc

about 5 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem loses drillship deal to higher bidder

Norwegian drillship owner Deep Value Driller has decided to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling after having received a higher bid, cancelling the recently announced sale agreement with Italy’s engineering, drilling, and construction services giant Saipem. I

about 5 months ago
Illustration: Odfjell Technology
Business & Finance

Odfjell Technology buying majority stake in lightweight intervention and P&A businesses

UK-headquartered Odfjell Technology, a spin-off of Odfjell Drilling, has entered into agreements to acquire a majority stake in two businesses supporting lightweight intervention and plug and abandonment (P&A). Odfjell Technology will acquire a 70% ownership stake in Kaseum Holdings Limited and Razo

about 5 months ago
‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance
Business & Finance

‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance

Swiss marine power company WinGD has completed what it says is the world’s first type approval (TAT) and factory acceptance testing (FAT) for an ammonia-fuelled two-stroke marine engine. Both TAT and FAT programs were completed last month, with testing of the X52DF-A-1.0 engine carried out at the HD

about 5 months ago
Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy
Business & Finance

Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy

A joint venture (JV) of Technip Energies, as the leader, Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC) has secured an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project,

about 5 months ago
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