Saudi Aramco has signed $90 billion in agreements with U.S. firms across LNG, AI, and finance, signaling a major shift beyond oil into tech and lower-carbon energy solutions. The deals highlight Aramco’s strategy to diversify its portfolio while American companies reap the benefits.
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Woodside Energys $12 billion Scarborough gas project achieved a major milestone with the successful integration of its massive Floating Production Unit, keeping the project on track for first LNG cargo in H2 2026. The 67,000-ton FPU, assembled via precision floatover, is the largest semi-submersible production platform in McDermotts history.
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New Fortress Energy has secured a three-year charter agreement for its Energos Freeze floating LNG unit, which will supply cleaner energy to the Dominican Republic starting in 2025. The project aims to reduce reliance on dirtier fuels while addressing energy shortages in the Caribbean.
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Singapores Seatrium has secured a contract to convert Hegh LNGs carrier Hoegh Gandria into a floating storage and regasification unit, reinforcing its leadership in complex offshore energy projects and meeting rising global LNG demand. The conversion, set to begin in May 2025, will enhance Egypts Port of Sumed LNG terminal as part of the countrys push to become a regional gas hub.
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Stolt-Nielsen cements its dominance in the LNG sector with a full takeover of Avenir LNG, including its expanding fleet and future-ready infrastructure. Discover how this bold move reshapes the energy landscape and what it means for the future of LNG transportation!
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