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CoolCo buys first of eight LNG tankers from Golar
Business & Finance

CoolCo buys first of eight LNG tankers from Golar

Cool Company (CoolCo) has purchased the first of the eight modern LNG tankers from Bermuda-based LNG shipper Golar LNG.

about 4 years ago
Havila bags new deals for three vessels
Business & Finance

Havila bags new deals for three vessels

Norwegian offshore vessel owner Havila Shipping has inked new contracts for three vessels for operations with different operators.

about 4 years ago
NREL’s wave-powered desalination device hits the water
Business & Finance

NREL’s wave-powered desalination device hits the water

Researchers from the U.S. National Renewable Energy Laboratory (NREL) have deployed the HERO wave-powered desalination test device offshore North Carolina and anchored it to the nearby seabed, marking the start of ocean trials. With help from the Coastal Studies Institute, NREL deployed the hydrauli

about 4 years ago
CNOOC firms up deal with Petrobras to increase its stake in Brazilian field
Business & Finance

Chinese partner paying over $2 bln to Petrobras for more interest in Brazilian field

CNOOC has sealed a deal with Petrobras, which will allow it to acquire an additional interest in the Búzios field, located offshore Brazil.

about 4 years ago
Japan Bank joins Hy24-managed Clean H2 Infra Fund
Business & Finance

Japan Bank joins Hy24-managed Clean H2 Infra Fund

The Japan Bank for International Cooperation (JBIC) signed an agreement for equity participation in the Clean H2 Infra Fund of France, managed by Hy24.

about 4 years ago
Hellenic Cables to connect several Greek islands
Business & Finance

Hellenic Cables to connect several Greek islands

Greece’s Hellenic Cables has secured a contract with the Hellenic Electricity Distribution Network Operator (HEDNO) to undertake the implementation of several new interconnections between islands. As the main contractor, Hellenic Cables is in charge of the production and supply of submarine cables,

about 4 years ago
Gulf Island names successor as current chairman of its board who ‘played a pivotal role’ in its strategic transformation heads out
Business & Finance

Gulf Island names successor as current chairman heads out

Gulf Island has revealed the name of its new chairman of the board, who will take over after its current one retires at the end of his term.

about 4 years ago
Bay du Nord FPSO - Canada - Equinor
Business & Finance

Canada stalls decision on giant new oil project while environmentalists call for rejection and shift to wind

The ever-widening chasm between the oil and gas industry and environmentalists is evident in this as well as other new oil projects, think of Cambo in the UK, as each group holds a vastly different opinion on the effects that this project development would have within the context of the energy trans

about 4 years ago
Lundin Energy
Business & Finance

Post-merger with Aker BP, Lundin Energy leaving behind oil & gas business to focus on renewables

Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will leave behind renewable energy assets.

about 4 years ago
Plexus to suspend activities with Russian licensee
Business & Finance

Plexus to suspend activities with Russian licensee

Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its Russian licensee Gusar until further notice as a result of the ongoing situation in Ukraine. Plexus has a license agreement with Gusar under which the Russian company is able to supply the Russian and CIS

about 4 years ago
Marine Power Systems looking for wind turbine supplier
Business & Finance

Marine Power Systems looking for wind turbine supplier

Marine Power Systems (MPS) has launched a tender searching for a contractor to support the engineering, procurement and construction management (EPCM) of the wind turbine system for its combined wave energy and floating wind solution. Applicants are invited to submit their expressions of interest by

about 4 years ago
IOG wrapping up final preparations for UK gas project start-up targetted for next week
Business & Finance

IOG takes final step to first gas from UK project

IOG is finishing the final works required for the start-up of its Saturn Banks Project – Phase 1 to bring it online next week.

about 4 years ago
LS Cable & System expanding cable factory as demand increases
Business & Finance

LS Cable & System expanding cable factory as demand increases

South Korean cable manufacturer LS Cable & System is expanding its Donghae factory to meet the increasing demand for subsea cables. The company signed a contract on 23 February for the purchase of the expansion site with the city of Donghae. The new factory will include manufacturing facilities, sub

about 4 years ago
OMV
Business & Finance

Austria’s OMV stops pursuing investments in Russia due to Ukraine crisis

Austria’s oil and gas company OMV is also reevaluating its engagement in Russia following the attack on Ukraine.

about 4 years ago
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