Norway gives nod to offshore oil and gas investments

The government of Norway has given the green light to companies to develop 19 oil and gas offshore fields with investments valued over NOK200bn ($18.5bn). The Norwegian government said in a press release that the projects were either new developments, further development of existing fields, or investments in projects for increased extraction at existing fields.

CoolCo buying two LNG carriers newbuilds

LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures. CoolCo said that the Mega LNG carriers were scheduled to be delivered from Hyundai Samho Heavy Industries (HHI) in September and December of 2024. The two newbuilds have a cargo capacity of 174,000 cbm, a

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