Indian multinational conglomerate Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Saudi developer of green hydrogen plants ACWA Power for a green ammonia project in Yanbu, a port city on the Red Sea. The post ACWA Power taps L&T for renewables and grid scope of green hydrogen hub in Yanbu appeared first on Offshore Energy.
STAX Engineering, a California-based company specializing in maritime emissions capture and control, has decided […] The post STAX Engineering ramps up UK port operations with $50M investment appeared first on Offshore Energy.
Petrofac, a UK-headquartered oilfield services provider, has won a contract extension in the UK sector of the North Sea, allowing it to remain on an assignment with Ithaca Energy, a North Sea oil and gas operator and producer. The post North Sea operator prolongs Petrofac’s UK gig for two more years appeared first on Offshore Energy.
Natural Resources Canada (NRCan) has allocated $10.7 million in federal funding for two projects […] The post Bay of Fundy tidal energy projects receive $10.7M federal boost appeared first on Offshore Energy.
Australian energy player Santos has revealed the beginning of production operations related to a floating production, storage, and offloading (FPSO), which is managed by Norway’s BW Offshore and deployed at its project off the coast of Australia’s Northern Territory. The post ‘Major milestone’ for Australian project: Santos unveils first gas from BW Offshore FPSO appeared first on Offshore Energy.
Global asset manager Macquarie Asset Management (MAM) has closed a $3bn green energy transition fund which targets renewable fuels and carbon capture among other novel sectors. It marks Macquarie’s first dedicated energy transition fund targeting opportunities beyond mature renewables. The fund’s portfolio spans geographies and technologies and includes sustainable aviation fuel business SkyNRG and Calibrant Energy, which provides distributed energy solutions for industrial firms in North America. Chris Archer, Executive Director, MAM Green Investments, said the significant investment requirements of the global energy transition present an opportunity to build tomorrow’s infrastructure. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this… Read More »Macquarie Asset Management closes $3bn green energy fund | Finance
The European Commission’s proposal for the 19th package of sanctions not only deepens the shadow fleet sweep with 180 new vessel listings, but also tightens the energy noose on the Kremlin with a liquefied natural gas (LNG) ban, marking a turning point in the EU’s attempt to wean itself off Russian fossil fuels. The post EU’s 19th sanctions wave targets Russia’s energy lifelines: LNG ban, oil cap cut, and step-up in shadow fleet purge appeared first on Offshore Energy.
Murphy Oil has made progress in the development of its oil project in the Cuu Long Basin off the coast of Vietnam, as the construction of a jacket for a central processing platform (CPP) destined to be installed at the site has been completed by PTSC Mechanical & Construction (PTSC M&C), a Vietnam-headquartered turn-key engineering, procurement, construction, installation, transportation, hook-up, and commissioning (EPC/EPCIC) services contractor. The post Jacket load-out ticked off: Murphy preps for installation ops at its Asian oil project appeared first on Offshore Energy.
The Brazilian subsidiary of Anglo-French oil and gas player Perenco has started the reactivation program for two assets offshore Brazil previously owned by the country’s state-owned giant, Petrobras. The post Perenco starts breathing new life into mothballed Brazilian assets appeared first on Offshore Energy.
Norwegian energy data and intelligence company TGS and French geophysical services company Viridien, formerly CGG, […] The post TGS and Viridien finish survey over BP’s Gulf of America field appeared first on Offshore Energy.