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New decarbonization milestone for Asian player as oil & gas assets benefit from solar panels

PT Medco Energi Internasional (MedcoEnergi), an Indonesian-based energy and natural resources company, has achieved a significant sustainability milestone, slashing its Scope 1 and 2 greenhouse gas (GHG) emissions by up to 1.5 million tons of CO2 equivalent (CO2e), compared to its 2019 baseline. The post New decarbonization milestone for Asian player as oil & gas assets benefit from solar panels appeared first on Offshore Energy.

Bumi Armada-MISC merger falls through

Talks about a potential business combination between Malaysia’s Bumi Armada and the offshore segment of the compatriot shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, have come to nought. The post Bumi Armada-MISC merger falls through appeared first on Offshore Energy.

TotalEnergies and Shell’s offshore drilling plans at risk as court throws a spanner in the works

As oil and gas exploration off South Africa’s coast continues to garner attention, the offshore drilling activities planned by two energy giants, France’s TotalEnergies and the UK-based Shell, have hit a snag, with the Western Cape High Court opting to set aside the South African government’s decision to grant environmental authorization for offshore drilling in Block 5/6/7, along the southwest coast. The post TotalEnergies and Shell’s offshore drilling plans at risk as court throws a spanner in the works appeared first on Offshore Energy.

Asahi Tanker joins Maritime Battery Forum

Japanese shipping company Asahi Tanker has become the newest member of the Maritime Battery Forum (MBF ), a global community of maritime battery enablers. The post Asahi Tanker joins Maritime Battery Forum appeared first on Offshore Energy.

Centrica getting a decade’s worth of US LNG

Centrica Energy, the trading arm of the U.K.’s energy company Centrica, has signed a natural gas sale and purchase agreement (SPA) with U.S.-based Devon Energy Corporation. The post Centrica getting a decade’s worth of US LNG appeared first on Offshore Energy.

ZEUS on the move: Wheels up to turn stranded gas reserves into sustainable energy sources

Four players – MISC, Petronas, Aker Solutions (AKSO), and Clean Energy Systems (CES) – have laid the groundwork for a demo front-end engineering and design (FEED) process to pave the way for the development of the Zero Emission Power Station (ZEUS) project for both onshore and offshore deployment, envisioned to transform stranded gas reserves into zero-emission power generation. The post ZEUS on the move: Wheels up to turn stranded gas reserves into sustainable energy sources appeared first on Offshore Energy.