Activity News

Located in Sydney, Nova Scotia, Canada, the Atlantic Canada Bulk Terminal (ACBT) has undergone a transformation to adapt its facilities to the evolving needs of the offshore wind industry. This evolution is vital for future Canadian Offshore Wind developments, such as Nova Scotia Wind West. Consequently, the terminal has shifted from a facility dedicated exclusively to the steel industry and material storage to become one of the most important strategic hubs in the North Atlantic.Sarens…

Prysmian, a leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company’s market position in the region. 2025 marked the best year yet for Prysmian, with global revenues reaching USD$23.08 billion (€20 billion). North America’s net profit exceeded $9 billion, accounting for 40% of the company’s total sales. Over the past two years, Prysmian’s North American footprint has grown through the acquisitions of Encore Wire and Channell…

Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas, including optimizing transportation methods for liquefied carbon dioxide.The collaboration will cover multiple stages of project development, including concept studies, feasibility studies…

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has produced its first liquefied natural gas from the initial train of its export facility in Texas, marking a step toward full operations.The project, located in Sabine Pass, has a total capacity of 18 million tonnes per annum across three liquefaction trains. The start of production is expected to pave the way for the first LNG cargo, with exports targeted to begin in the second quarter of 2026.“First LNG is of a particular importance for one of the largest single investment decisions in U.S. LNG history.

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia, said the two LNG processing trains at the 8.9 million-ton-a-year facility remained shut after Tropical Cyclone Narelle struck the region last week."We have a number of fin fans or air-cooled heat exchangers that sustained some damage," he told the Australian Domestic Gas Outlook conference in Sydney."We've got a dedicated team righ

Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U.S.

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production, with its export revenue set to surge due to lower supply caused by the conflict.Canberra is weighing options to capitalise on the higher prices…

The U.K. government has committed up to $85 million (£64 million) to support the development of a floating offshore wind port at Port Talbot in Wales, as part of efforts to expand clean energy capacity.The funding will support Associated British Ports (ABP) in completing design and engineering work required to develop infrastructure for floating offshore wind projects in the Celtic Sea.The project is expected to enable at least 4.5 GW of floating offshore wind capacity, enough to power around 6.5 million homes…

Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3.94, or 3.5%, to $116.51 a barrel at 0703 GMT after settling 4.2% higher on Friday.U.S. West Texas Intermediate CLc1 was at $102.14 a barrel, up $1.86, or 1.87%, following a 5.5% gain in the previous session."The market has all but discounted the prospect of a negotiated end to the war…

The U.S. Department of Energy (DOE), in partnership with the U.S. General Services Administration (GSA), announced that DOE’s headquarters will relocate from the James V. Forrestal Building to the Lyndon B. Johnson (LBJ) building. LBJ currently serves as the headquarters for the U.S. Department of Education (ED).The relocation to the LBJ building will save taxpayers over $350 million in deferred maintenance and modernization costs.The LBJ building has been modernized to a Class A building with minimal deferred maintenance.

Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three years ago largely severed Russian gas transit to Europe, squeezing energy supplies on the continent although Russia had already largely stopped deliveries.Russia and Western countries have both said the incident was an act of sabotage.

A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia became the world’s second-largest LNG exporter after Qatar shut down production this month following damage to its facilities from Iranian strikes. Global LNG flows out of the Middle East have also been upended by Iran’s blockage of…

Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said.Since the war in Ukraine prompted European customers - once the biggest buyers of Russian oil and gas - to shun Moscow, India and China have accounted for around 80% of Russian oil exports. Turkey has also been a significant buyer.But in recent weeks…

Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services, after their acquisition by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL) in 2025.The company said a final investment decision has been taken to develop a new heavy-duty quay and roll-on/roll-off capability at the port…

Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will support initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds, as well as the potential acquisition and conversion of a scour protection vessel.According to Cadeler, the private placement was…

A final investment decision is expected in the Delfin LNG project offshore Louisiana in the next few weeks, or at most months, according to Eduard Ruijs, head of investment for Vitol, a company that is investing in the project.The 13.2 million metric tons project would have received financial approval sooner had the pipeline to take gas to the proposed floating LNG plant not exploded, Ruijs told Reuters on Wednesday on the sidelines of the CERAWeek conference in Houston.The pipeline, which ruptured on February 3, has since been repaired and is awaiting regulatory approval to restart flows.

The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on imported oil and gas. Around 8% of its liquefied natural gas (LNG) comes from the Middle East through the all-important Strait of Hormuz, which remains mostly blocked.European benchmark gas prices TFMBMc1have jumped more than 60% since the conflict began…

The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between 460 million and 484 million metric tons as new capacity, mainly in the U.S. and Qatar, came online, with demand forecast to grow in tandem.Now…

Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S. proposal to end the war, but has no intention of holding talks to end the Middle East conflict, Iran's foreign minister said on Wednesday.U.S.

Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under the agreement, Baker Hughes will provide two LM6000PF gas turbine-driven centrifugal compressor trains and three NovaLT16 gas turbine generator packages for the first phase of the project, which is expected to deliver 2.1 MTPA as part of a planned four-phase development.The project, located in U.S.

ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating injection system being considered for deployment in deepwater environments where subsea pipeline-based CO2 storage is not feasible.The certification confirms the feasibility of the carrier design from regulatory and safety perspectives…

Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning service operation vessel (CSOV) in European waters.The vessel was developed jointly by the two companies and constructed at Damen’s Ha Long Shipyard in Vietnam. It is designed to support construction, commissioning and maintenance activities across offshore energy projects.Windcat Amsterdam can accommodate up to 120 personnel and will serve as a floating base for offshore operations…

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has appointed Mark Offshore as commercial and operational manager for the vessel’s activities within the renewables and energy sectors.The addition of Mintis is aimed at supporting offshore wind, marine survey and nearshore energy projects, as…