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20-year gas offtake deal lands on Commonwealth LNG’s booking sheet

Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, has won a new multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for its LNG export terminal currently under development on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico/America near Cameron Parish, Louisiana. The post 20-year gas offtake deal lands on Commonwealth LNG’s booking sheet appeared first on Offshore Energy.

WATCH: Kraken Robotics’ affiliate done with work on TotalEnergies’ oil field offshore Angola

3D at Depth, a subsidiary of Kraken Robotics, has tucked its 1,000th subsea metrology under its belt, thanks to an assignment on a life extension project off the coast of Angola, West Africa, which is operated by TotalEnergies EP Angola, a subsidiary of France’s energy giant TotalEnergies. The post WATCH: Kraken Robotics’ affiliate done with work on TotalEnergies’ oil field offshore Angola appeared first on Offshore Energy.

Combining industry, maritime transport and logistics, UAE and Egypt to develop East Port Said Industrial Zone

UAE-based port operator AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) have signed a 50-year renewable usufruct agreement to develop and operate a 20-square-kilometer industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The post Combining industry, maritime transport and logistics, UAE and Egypt to develop East Port Said Industrial Zone appeared first on Offshore Energy.

Aker Solutions turns to Norwegian firm for personnel on Northern Lights expansion project

Aker Solutions has hired Multiconsult Norge to supply qualified personnel on a hire-in basis to work as an integral part of its project team, representing the civil disciplines, for the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project. The post Aker Solutions turns to Norwegian firm for personnel on Northern Lights expansion project appeared first on Offshore Energy.

Eco closing in on Orange Basin block operatorship

AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is drawing closer to finalizing the acquisition of a stake, allowing it to become the operator of an exploration block in the Orange Basin offshore South Africa. The post Eco closing in on Orange Basin block operatorship appeared first on Offshore Energy.

Port Esbjerg expands its capacity, unlocks opportunities in energy sector

The fairway to Denmark’s Port Esbjerg has been fully deepened, enabling access for larger vessels, greater cargo volumes and new strategic opportunities in the energy and defense sectors. The post Port Esbjerg expands its capacity, unlocks opportunities in energy sector appeared first on Offshore Energy.

OECD: Ocean economy sustains more than 100 million jobs

Over 100 million full-time equivalent jobs are sustained by the global ocean economy, with tourism and Asia-Pacific leading the charge, data provided by the Organisation for Economic Co-operation and Development (OECD) shows. The post OECD: Ocean economy sustains more than 100 million jobs appeared first on Offshore Energy.

Air Products CEO bemoans ‘self-inflicted’ failures on delayed Alberta project | deploy auto-thermal reforming technology

Air Products has said the ballooning costs and project slip on its planned net-zero hydrogen energy complex in Alberta in Canada, first announced in 2021, is in part down to “self-inflicted” project management failures. Speaking on the company’s Q2 earnings call today, where the company posted a $1.7bn loss after taking up to a $3.1bn write-down on three abandoned projects, new CEO Eduardo Menezes said the “tremendous increase” in capital costs on the project was “unforgivable” and reflected the project hitting some avoidable roadblocks. “When you have a project that gets out of sequence … you start losing windows [of opportunity] in terms of weather and how to execute the project. “Then you have very low productivity from contractors, and they are expensive to start with, [and] so you get in this spiral” of problems… Read More »Air Products CEO bemoans ‘self-inflicted’ failures on delayed Alberta project | deploy auto-thermal reforming technology