Reposition procurement for Indonesia LNG push and supplier consolidation

Abadi LNG development concept; Source: Inpex The groundbreaking ceremony for the Abadi LNG project, designed to produce up to 9

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

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

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S. giant, reflecting the scale and strategic importance of its differentiated capabilities in air and gas handling, thermal management, and lifecycle services

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

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

4-meter-long vessel was delivered at Gamcheon Port in Busan, Korea, on July 7, earlier than the announced expected delivery in August. 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