Koil Energy Solutions to provide LNG energy services
Koil Energy Solutions, an international specialist in subsea energy equipment and services, announced the receipt of an order to provide services for an LNG project in the Gulf of Mexico.
The first phase is for installation engineering services, with potential future scopes expected to include custom designed installation equipment, flowline transpooling services and later, a potential long-term service agreement in support of various offshore operations.
“As we continue to extend the reach of our core competencies beyond our traditional offerings, this award is one step further in our efforts to bridge the gap between traditional oil and gas and new forms of energy,” said Charles Njuguna, President and CEO of Koil Energy Solutions, Inc. “We continue to view ourselves as an energy-source agnostic service provider without differentiating our business between traditional and renewable energy.”
While the initial phases of the project are expected to be executed within the first half of 2023, discussions are ongoing for a multi-year service agreement similar to existing agreements the company has with major oil and gas operators.
Related News
Related News
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- Trinity Gas Storage reaches FID on Phase II expansion
Comments