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Venture Global emerges as winner in LNG arbitration case with Shell

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a win in the arbitration process with the UK-headquartered Shell over the U.S. player’s delay in kicking off full commercial operations. The post Venture Global emerges as winner in LNG arbitration case with Shell appeared first on Offshore Energy.

Saipem gets the ball rolling on BP’s $7 billion integrated project off Indonesia

Saipem, Italy’s engineering, drilling, and construction services provider, has held the first steel-cutting ceremony for an integrated project operated by the Indonesian subsidiary of the U.K.-headquartered energy giant BP at its fabrication yard in Karimun, Indonesia. The post Saipem gets the ball rolling on BP’s $7 billion integrated project off Indonesia appeared first on Offshore Energy.

Japan’s ITOCHU and India’s L&T shake hands on green ammonia project

L&T Energy GreenTech (LTEG), a wholly owned subsidiary of Larsen & Toubro (L&T), has partnered with Japanese trading company ITOCHU Corporation to develop and commercialize a green ammonia project at Kandla in Gujarat, India. The post Japan’s ITOCHU and India’s L&T shake hands on green ammonia project appeared first on Offshore Energy.

EIA: Nearly a third of US-made energy exported in 2024, mostly fossil fuels

According to the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, almost one-third of the energy the country produced last year was exported. The post EIA: Nearly a third of US-made energy exported in 2024, mostly fossil fuels appeared first on Offshore Energy.

US rejects IMO Net-Zero Framework, vows retaliation against its supporters

The United States has officially rejected the International Maritime Organization’s (IMO’s) net-zero framework, which aims to reduce global greenhouse gas (GHG) emissions from the shipping sector, and vowed to retaliate against countries that support the framework. The post US rejects IMO Net-Zero Framework, vows retaliation against its supporters appeared first on Offshore Energy.