Lock procurement levers as Papua LNG preferred bidder shifts risk

Home Fossil Energy TotalEnergies handpicks Daewoo E&C for work on LNG project in Oceania August 13, 2026, by France’s energy giant TotalEnergies has selected Seoul-based Daewoo Engineering & Construction (Daewoo E&C) as the preferred bidder for a major package on a liquefied natural gas (LNG) project in Papua New Guinea, Oceania. Papua LNG; Courtesy of Santos Daewoo E&C has secured preferred bidder status for the engineering, procurement, construction and commissioning (EPCC) of the Papua LNG project’s central

Papua LNG; Courtesy of Santos Daewoo E&C has secured preferred bidder status for the engineering, procurement, construction and commissioning (EPCC) of the Papua LNG project’s central processing facility (CPF) and wellpads

This LNG project is targeting a final investment decision (FID) in the second half of 2026, while the contract with Daewoo E&C is yet to be finalized

Home Fossil Energy Golar LNG accelerates FLNG expansion with new $2. 45 billion order August 13, 2026, by Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has struck an engineering, procurement, and construction (EPC) deal with Yantai CIMC Raffles Offshore (CIMC Raffles) for its fourth floating LNG (FLNG) and second vessel of MKII design

The firm expects significant synergies to be realized from building a repeat design and from having two units with overlapping construction at the same shipyard. The order follows Golar’s closing of a new $600 million senior secured revolving credit facility (RCF)

We believe this FLNG order, combining the world’s earliest available FLNG delivery and Golar’s market leading operational track record, is well positioned to provide prospective clients with an attractive gas monetization solution, whilst driving value for Golar. ” The MK II FLNG order is perceived to strengthen Golar’s position in the FLNG market, increasing its controlled liquefaction capacity by about 40% to above 12 mtpa

Home Subsea Taihan’s recently purchased CLV ready for first offshore wind assignment August 13, 2026, by South Korea’s Taihan Cable & Solution has held a safe operation ceremony for the cable-laying vessel (CLV) it recently purchased from DOF Group, ahead of full-scale deployment for offshore wind projects. Source: Taihan Cable & Solution 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

Source: Taihan Cable & Solution 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. The vessel was delivered in early July

4-meter-long vessel