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Business & Finance

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LNG concept; Source: ST LNG
Business & Finance

Baker Hughes breathing life into offshore LNG export terminal in Texas

U.S.-headquartered energy technology giant Baker Hughes has landed a new assignment in the Lone Star State, which will enable it to work on bringing to life a liquefied natural gas (LNG) export terminal off the coast of Matagorda, Texas.

about 6 months ago
Deutsche Ostsee; Source: Deutsche Regas
Business & Finance

German player picks up permanent permit for LNG terminal with FSRU duo

Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has secured the go-ahead for the permanent operation of an energy terminal in Mukran with two floating storage and regasification units (FSRUs) using onboard gas generators.

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about 6 months ago
Norway: Northern Lights starts injecting first CO2 from wastewater
Business & Finance

Norway: Northern Lights starts injecting first CO2 from wastewater

The Northern Lights CO2 project in the Norwegian North Sea has started injecting the first biogenic CO2 from wastewater treatment delivered to the receiving terminal in Øygarden. Carbon removal company Inherit has delivered CO2 cargos to Northern Lights from Veas, Norway’s largest wastewater treatme

about 6 months ago
US gov’t, TotalEnergies strike $1 billion deal; Company to invest reimbursed offshore wind fees in its oil & gas projects
Business & Finance

US gov’t, TotalEnergies strike $1 billion deal; Company to invest reimbursed offshore wind fees in its oil & gas projects

The U.S. Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed $928 million (around €806 mill

about 6 months ago
Illustration; Source: Adura via LinkedIn
Business & Finance

$3 billion loan in the bag, as Shell and Equinor’s UK JV ups financial ante

Adura, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has secured a multibillion-dollar reserve based lending (RBL) facility to support its growth aspirations.

about 6 months ago
Illustration; Source: CNOOC
Business & Finance

New CEO takes the reins at Chinese giant oil & gas firm

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has revealed the appointment of a new Chief Executive Officer (CEO).

about 6 months ago
TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium
Business & Finance

TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium

French energy giant TotalEnergies and Switzerland-headquartered sustainable construction player Holcim have inaugurated a floating solar power plant with a 31 MW capacity, located in Belgium. The plant, inaugurated on March 20, is located in Obourg on a former chalk quarry site that has been rehabil

about 6 months ago
Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers

about 6 months ago
Wales introduces new deal to drive its renewable energy potential
Business & Finance

Wales introduces new deal to drive its renewable energy potential

The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 6 months ago
Stillstrom offshore vessel charging
Business & Finance

Offshore vessel charging tech developer plans commercial rollout in UK

Stillstrom, part of A.P. Moller – Maersk and based in Denmark, has established a dedicated entity in Aberdeen, Scotland, with plans to roll out its offshore vessel charging solution commercially in the UK. The solution is transitioning from development to commercial deployment, and, according to a p

about 6 months ago
Illustration; Courtesy of MidOcean Energy
Business & Finance

Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 6 months ago
Illustration; Source: Westwood
Business & Finance

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 6 months ago
MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs
Business & Finance

MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs

Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet

about 6 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

South Asia’s $107 billion LNG gamble facing finance and energy supply threats amid Middle East conflict

With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global

about 6 months ago