U.S.-based Commonwealth LNG and Kimmeridge Texas Gas (KTG), affiliates of the energy-focused alternative investment manager Kimmeridge, have inked binding agreements with Swiss-headquartered Glencore for the supply of liquefied natural gas (LNG) from an export facility under development in Louisiana. The post Offtake deal locked in ahead of US LNG terminal’s FID appeared first on Offshore Energy.
Against the backdrop of supply chain challenges, elevated prices, trade wars, and geopolitical and economic pressures, four oilfield services giants – Italy’s Saipem and U.S.-headquartered Baker Hughes, Halliburton, and SLB – have reported a combined profit of $1.49 billion in the first quarter of 2025. The post Saipem, Baker Hughes, Halliburton and SLB collect almost $1.5 billion in profit appeared first on Offshore Energy.
Swedish wave energy developer CorPower Ocean has signed a berth agreement to develop a […] The post CorPower Ocean to deploy 5 MW wave energy array at EMEC by 2029 appeared first on Offshore Energy.
Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four liquefied natural gas (LNG) terminals, is closing in on the start-up of Germany’s second terminal in Wilhelmshaven. The post Germany’s next LNG terminal chapter nearly all-set to go live appeared first on Offshore Energy.
Bureau de normalisation du Québec (BNQ) and CSA Group have published the ‘Joint Canada-U.S. National Standard’ – a methodology for reporting the production pathway and carbon intensity of hydrogen. The post BNQ and CSA Group introduce new standard for hydrogen production and carbon intensity appeared first on Offshore Energy.
Ørsted has completed geotechnical and geophysical investigations at two Gippsland offshore wind farm sites […] The post Surveys for Ørsted’s Australian offshore wind projects completed appeared first on Offshore Energy.
Swedish shipping company Erik Thun has launched its fourth plug-in hybrid dry cargo vessel built at Ferus Smit shipyard in the Netherlands. The post Erik Thun splashes fourth hybrid Lake Vanern Max ship appeared first on Offshore Energy.
Australia’s energy giant Woodside Energy has signed a non-binding collaboration agreement with Saudi Arabia’s energy heavyweight Aramco to explore global opportunities. The post Aramco eyes joining Woodside’s recently okayed US LNG project appeared first on Offshore Energy.
The dynamic subsea power export cable for the HKN1 offshore solar project at the […] The post Cable milestone reached for world-first offshore solar-wind integration at HKN1 appeared first on Offshore Energy.
Danish shipping company Norden has decided to expand its fleet with another two fuel-efficient, biofuel-compatible 17,500 dwt multipurpose vessels. The post Norden to grow MPP fleet with two more fuel-efficient, biofuel-capable ships appeared first on Offshore Energy.