Thailand’s national oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), has reached the final investment decision (FID) on a carbon capture and storage project (CCS) at a gas field in the Gulf of Thailand. The post $320M project to store CO2 at Gulf of Thailand gas field gets green light appeared first on Offshore Energy.
TotalEnergies has secured a multi-year liquefied natural gas (LNG) supply agreement with Korea Gas Corporation (KOGAS), South Korea’s national gas company, which is perceived to be one of the world’s largest importers of LNG. The post TotalEnergies strikes decade-long Asian LNG deal with South Korea’s KOGAS appeared first on Offshore Energy.
Without the right moves, the global maritime industry’s decarbonization goals are at stake, a […] The post A trillion-plus investment gap threatens to stall shipping’s energy transition, new report reveals appeared first on Offshore Energy.
U.S.-based electrolyzer manufacturer Electric Hydrogen has acquired compatriot hydrogen project developer Ambient Fuels in a deal aimed at expanding the company’s project pipeline and strengthening its ability to co-develop clean hydrogen facilities with customers. The post Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects appeared first on Offshore Energy.
Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused […] The post Reach Subsea boosts offshore capabilities with acquisition of Swedish firm appeared first on Offshore Energy.
Dutch shipowner Royal Wagenborg has marked a new milestone in the construction of its […] The post Royal Wagenborg hits next construction stage for sixth EasyMax multipurpose vessel appeared first on Offshore Energy.
A deal to build a “globally significant” green ammonia plant has been signed between Poland’s Hynfra, Mauritania company Mauritania Green Ammonia (MGA) and the government of Mauritania. Confirmation of the $1.5bn project, which is expected to deliver 100,000 tonnes of green ammonia annually from 2030, follows the signing last year of a memorandum of understanding. The facility will be in the southern zone of the Somelec wind farm near the capital Nouakchott. Tomoho Umeda, General Director of MGA and President of Hynfra, said the north-west African country’s combination of high solar potential and strong, stable winds gives it some of the best conditions in the world for developing renewable energy, with commercial estimates totalling 400GW. “Combined with a century of Polish experience in ammonia synthesis, this creates a unique opportunity to build a project of… Read More »Mauritania driving global hub ammonia status with Hynfra deal | supporting infrastructure including water desalination plants
BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta. The post BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon appeared first on Offshore Energy.
Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted. The post With right moves, Kenya to unlock competitive e-fuels production for maritime sector appeared first on Offshore Energy.
Pittsburgh-based EQT Corporation has signed a long-term sale and purchase agreement (SPA) with Commonwealth LNG, a firm controlled by the energy-focused alternative investment manager Kimmeridge, for liquefied natural gas (LNG) from the latter’s export facility under development on the Gulf Coast near Cameron, Louisiana. The post EQT’s LNG market momentum grows with new US supply deal appeared first on Offshore Energy.