Accelerate Readiness for Indonesia Abadi LNG Construction and Local Capacity

Indonesia’s state news agency has reported that the country’s government put strict distribution quotas in place for the field’s output, with at least 60% of the gas earmarked for domestic demand, leaving up to 40% for export

The Asian nation believes that this LNG project will be crucial in bolstering its energy security with a cleaner, more sustainable energy supply, as it will employ CCS technology, advancing the country’s energy transition agenda. According to Inpex, the introduction of CCS will neutralize the CO2 emitted from natural gas production at the Abadi gas field

Home Fossil Energy $21 billion Asian LNG project enters construction phase with groundbreaking ceremony July 16, 2026, by A groundbreaking ceremony has kicked off construction of a multibillion-dollar liquefied natural gas (LNG) project, operated by Inpex Masela, a subsidiary of Japan’s Inpex, in Indonesia’s Masela block, Asia. Abadi LNG development concept; Source: Inpex The groundbreaking ceremony for the Abadi LNG project, designed to produce up to 9

While confirming the completion of its purchase of Chart Industries, Baker Hughes emphasizes that the acquisition is expected to enhance its ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services. Lorenzo Simonelli, Baker Hughes’ Chairman and Chief Executive Officer, commented: “Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy

Illustration; Source: Baker Hughes Baker Hughes opted to spread its wings last year by buying Chart Industries to propel its energy and industrial technology strategy to new heights and high-grade its portfolio, especially within natural gas, data centers, and energy transition ecosystems to drive further business growth. While confirming the completion of its purchase of Chart Industries, Baker Hughes emphasizes that the acquisition is expected to enhance its ability to deliver durable earnings and cash flow

Lorenzo Simonelli, Baker Hughes’ Chairman and Chief Executive Officer, commented: “Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy

Home Subsea South Korean cable maker takes delivery of its second cable laying vessel July 16, 2026, by South Korea’s Taihan Cable & Solution has completed the delivery of its second cable-laying vessel (CLV) ahead of the planned schedule, following the acquisition from Norwegian DOF Group. Taihan reported in May that it had acquired the 2016-built Skandi Connector from DOF, representing the second offshore wind-dedicated CLV introduced in Korea

Home Subsea South Korean cable maker takes delivery of its second cable laying vessel July 16, 2026, by South Korea’s Taihan Cable & Solution has completed the delivery of its second cable-laying vessel (CLV) ahead of the planned schedule, following the acquisition from Norwegian DOF Group

Source: Taihan Cable & Solution Designed by Dutch shipbuilder Damen, the CLV has to date been deployed on 27 projects, installing approximately 1,300 kilometers of submarine cables. By operating two CLVs, including PALOS, the only offshore wind CLV currently in Korea, Taihan said it had established a dual-track installation system that enables the deployment of the most suitable vessel depending on project characteristics and installation environments

Home Fossil Energy GTT’s new LR-approved NO96 criteria expand LNG carrier design flexibility July 16, 2026, by French technological containment specialist Gaztransport & Technigaz (GTT) has secured the green light from the UK-based classification society Lloyd’s Register (LR) for new NO96 elongation criteria, opening the door to more optimized liquefied natural gas (LNG) carrier (LNGC) structures, widening LNG ship design flexibility. LNG vessel; Source: GTT Lloyd’s Register has issued an approval in principle

The assessment covered operational, thermal and hull-induced loads to ensure continued structural integrity of the containment system

The assessment covered operational, thermal and hull-induced loads to ensure continued structural integrity of the containment system. The revised elongation criteria, developed as part of the French player’s ongoing innovation program, are intended to give designers greater flexibility in hull structural design while maintaining established stress limits, fatigue margins and membrane performance