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Business & Finance

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LNG carrier; Source: MET Group
Business & Finance

More LNG for Europe as MET Group and Shell expand their long-term cooperation

MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and Shell Global LNG Limited have signed a non-binding memorandum of understanding (MoU) to expand their existing long-term cooperation in LNG and gas trading. The agreement provides a framework f

about 6 months ago
A man looking at a large vessel at sea
Business & Finance

Petronas hand-picks FPSO for Asian hydrocarbon redevelopment project

OceanSTAR Engineering Holding, part of Singapore-headquartered OceanSTAR Elite group of companies, has secured a new deal with Petronas Carigali (PCSB), a subsidiary of Malaysia’s energy giant Petronas, for the provision of lease, operation and maintenance of a floating production, storage, and offl

about 6 months ago
Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations
Business & Finance

Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations

European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation, whi

about 6 months ago
PSV Seacor Yangtze; Source: Remøy Shipping
Business & Finance

Two 2018-built vessels pick up North Sea gig with TGS

Norwegian energy data and intelligence company TGS has hired two platform supply vessels (PSVs), managed by Norway’s shipping company, Remøy Shipping.

about 6 months ago
Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras
Business & Finance

Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras

Intermoor, Acteon’s Moorings and Anchors business line, has secured a three-year contract with Brazil’s oil & gas giant Petrobras for stack-up mooring system services in Brazil. The multi-million-dollar contract will see the provision of work to support light-workover interventions and abandonment o

about 6 months ago
With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia
Business & Finance

With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia

Norway-headquartered Kongsberg Maritime has signed a memorandum of understanding (MoU) with Indonesia’s state-owned and largest shipyard, PT PAL Indonesia, to work on advancing energy efficiency and decarbonization across the country’s maritime sector. Kongsberg Maritime said that the agreement repr

about 6 months ago
Photo showing the Boka Ocean vessel (Courtesy of Boskalis)
Business & Finance

Dutch duo inks inter-array cable deal for German offshore wind farm

A consortium of Boskalis and TKF has signed a contract with Skyborn Renewables for the supply and installation of inter-array cables for the Gennaker offshore wind farm in Germany. Under the contract, the consortium will deliver the complete inter-array cable system connecting the 63 Gennaker wind t

about 6 months ago
Illustration; Source: AF Offshore Decom - Helene Pettersen
Business & Finance

AF Offshore and Heerema tasked with removing 39,500-ton North Sea platform

A consortium of AF Offshore Decom, part of AF Gruppen, and Heerema Marine Contractors (HMC) has secured a contract for the engineering, preparation, removal and disposal (EPRD) of a North Sea platform on the UK Continental Shelf (UKCS). The platform’s topsides weigh approximately 27,500 tons and the

about 6 months ago
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 6 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 6 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 6 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 6 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 6 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 6 months ago
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