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Business & Finance

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Thailand’s first CCS project in the works with PTTEP at the helm
Business & Finance

Technip Energies lands job at Thailand’s first carbon capture and storage project

French-based engineering company Technip Energies has secured a detailed engineering assignment for the first carbon capture and storage (CCS) project in the Gulf of Thailand.

about 7 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Business & Finance

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 7 months ago
A floating production storage and offloading unit at sea
Business & Finance

Short lease turns into long-term gig for rig set to become drilling and wellhead platform

Oslo-listed oil and gas E&P player BW Energy has secured a project lease agreement with Minsheng Financial Leasing Co (MSFL) for an offshore unit, which is expected to be repurposed from a jack-up rig into a fully integrated drilling and production platform.

about 7 months ago
ABB and HDF plan serial production of high-power fuel cell units from 2030
Business & Finance

ABB and HDF plan serial production of high-power fuel cell units from 2030

Swedish-Swiss ABB and France-based HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit that will enable megawatt-scale installations to power large seagoing ships. The partners, who signed a memorandum of understanding (MoU) in 2020 envisaging the collab

about 7 months ago
Illustrative image of ammonia FPSO; Source: MISC
Business & Finance

MISC and China Offshore’s ammonia FPSO design wins ABS’ blessing

Two players, MISC and China Offshore Engineering & Technology Company (China Offshore), have secured an approval in principle (AiP) from the American Bureau of Shipping (ABS) for their concept of an ammonia floating production storage and offloading (FPSO) unit.

about 7 months ago
A North Sea platform
Business & Finance

North Sea green shift at play: Dutch gas platform plugs into German offshore wind power

The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors of the North Sea to run on off

about 7 months ago
Galveston LNG Bunker Port inks supply deal with international shipping company
Business & Finance

Galveston LNG Bunker Port inks supply deal with international shipping company

Galveston LNG Bunker Port (GLBP), a Texas-based developer of what is said to be the first U.S. Gulf Coast dedicated LNG bunkering facility, has signed a commercial commitment with an international shipping company for the provision of LNG bunker fuel in Galveston Bay. The Heads of Agreement with the

about 7 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

Ten-year job for Wood on US Gulf Coast LNG project

Scotland-headquartered engineering and consulting company Wood has won a multi-year assignment with Houston-headquartered NextDecade Corporation for a liquefied natural gas (LNG) export project in Texas, United States.

about 7 months ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Business & Finance

Snam moves to take over partner’s stake in Italy’s FSRU

Snam has taken a step to buy the stake its partner, Igneo Infrastructure Partners, holds in Italy’s floating regasification terminal operator, OLT Offshore LNG Toscana, which runs a floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 7 months ago
BW Energy
Business & Finance

BW Energy enters Angola’s offshore oil & gas playground with new acquisition

Oslo-listed oil and gas E&P player BW Energy has struck a deal to get hold of minor stakes in two blocks off the coast of Angola.

about 7 months ago
Global Marine Group to update fleet with Solstad construction support vessel
Business & Finance

Global Marine Group to update fleet with Solstad construction support vessel

UK-headquartered Global Marine Group is acquiring a Solstad Maritime (SOMA) construction support vessel (CSV) that has been supporting company operations since 2020. SOMA announced today, December 12, that Global Marine Group, the current charterer of CSV Normand Clipper, has declared its purchase o

about 7 months ago
Valaris DS-8 drillship; Source: Wartsila
Business & Finance

Shell chooses Valaris drillship for drilling ops at giant oil & gas project in Brazilian waters

Valaris has landed a new rig deal with Shell, a UK-headquartered energy giant, which will enable one of its drillships to carry out drilling activities at an oil and gas development off the coast of Brazil.

about 7 months ago
Catcher FPSO
Business & Finance

Oil & gas asset consolidation in full swing in UK North Sea: Harbour makes a play for Waldorf

London-listed oil and gas company Harbour Energy has taken a step to bring into its fold all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), currently in administration, for $170 million. This move will bolster Harbour’s portfolio in the UK sector of the

about 7 months ago
Gorgon; Source: Chevron
Business & Finance

Third stage of giant Australian gas project to sport TechnipFMC subsea production systems

Shortly after disclosing the final investment decision (FID) for the project, U.S. oil & gas company Chevron has awarded TechnipFMC with a contract for the delivery of subsea production systems for the third stage of development for its giant gas project offshore Western Australia. As part of the co

about 7 months ago
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