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Oslo-listed oil and gas E&P player BW Energy has moved forward with its plans for an oil field in the Campos Basin off the coast of Brazil, thanks to the completion of financing for the refurbishment of a floating production, storage, and offloading (FPSO) unit and a short-term lease of a development rig. The post Brazilian oil field’s story unfolds: Rig lease and multimillion-dollar financing of FPSO revamp in place appeared first on Offshore Energy.

The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS). The post $250M investment in sight as ADNOC Gas secures global index spot appeared first on Offshore Energy.

ConocoPhillips has struck a multi-year liquefied natural gas (LNG) deal with Houston-headquartered NextDecade Corporation, enabling the operator to secure sufficient commercial agreements for a positive final investment decision (FID) on the fifth train at its LNG export project in Texas, United States.  The post Gulf Coast LNG project’s Train 5 closer to FID as ConocoPhillips signs up for 20-year offtake appeared first on Offshore Energy.

Wave energy developer Eco Wave Power has inaugurated the first U.S. onshore wave energy […] The post Eco Wave Power switches on first US wave energy pilot at LA Port appeared first on Offshore Energy.

Trade association Methanol Institute (MI) and Saudi Arabia’s Transport General Authority (TGA) have signed a memorandum of understanding (MoU) to advance maritime safety and sustainability. The post Methanol Institute and Saudi Arabia join forces to advance maritime sustainability appeared first on Offshore Energy.

South Korean shipbuilding conglomerate HD Hyundai is accelerating the creation of an integrated platform for design and production integration to accomplish a smart shipyard, as it has selected preferred negotiating partners. The post HD Hyundai moves forward with smart shipyard project appeared first on Offshore Energy.

Monkey Island LNG (MILNG), a private company addressing the global energy crisis and growing demand for liquefied natural gas (LNG) through the development of U.S. natural gas infrastructure, has hired McDermott, a U.S. offshore engineering and construction player, on a master services agreement (MSA) for work at its planned world-scale natural gas liquefaction facility in Cameron Parish, Louisiana. The post McDermott picks up job on Louisiana’s proposed LNG project appeared first on Offshore Energy.

Swedish ferry company Stena Line has received a contract to continue its operations at the Public Ferry Terminal in Gdynia, Poland, in the coming years. The post Stena Line to continue operations at Gdynia ferry terminal appeared first on Offshore Energy.

ELIRE Infra, part of the UK’s ELIRE Group, and its consortium partners have secured £1 million (around €1.152 million) in UK Government funding to develop hydrogen floating power hubs aimed at decarbonizing port operations and supporting the UK’s transition to net zero. The post ELIRE Infra and partners secure UK funding for hydrogen floating power hubs to decarbonize ports appeared first on Offshore Energy.