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Red Sea poised for container ships’ return with CMA CGM’s full-loop service via Suez Canal

Xeneta, an ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry, is convinced that the return of container ships to the Red Sea is edging closer, as France’s shipping giant CMA CGM, as a major carrier, reveals a new full-loop service via Suez Canal. The post Red Sea poised for container ships’ return with CMA CGM’s full-loop service via Suez Canal appeared first on Offshore Energy.

Petrobras and Shell up their stakes in pre-salt oil projects offshore Brazil

A consortium, consisting of Brazil’s state-owned energy giant Petrobras and Shell Brasil Petróleo, a subsidiary of the UK-headquartered Shell, has secured additional equity in two pre-salt oil projects in Brazilian waters following an auction led by Pré-Sal Petróleo (PPSA). The post Petrobras and Shell up their stakes in pre-salt oil projects offshore Brazil appeared first on Offshore Energy.

Seven-year gas supply deal is a go as Puerto Rico backs it up

U.S. energy infrastructure player New Fortress Energy (NFE) has received the go-ahead for its multi-year gas supply arrangement with the government of Puerto Rico, which will allow it to provide liquefied natural gas (LNG) to the Caribbean nation. The post Seven-year gas supply deal is a go as Puerto Rico backs it up appeared first on Offshore Energy.

Double win for Equinor in North Sea as two gas and condensate discoveries spring up

Norway’s state-owned oil and gas giant Equinor has made two new discoveries of gas and condensate in the Sleipner area of the Norwegian sector of the North Sea, which it describes as its largest finds so far this year. The company claims that these discoveries can be developed for the European market through existing infrastructure. The post Double win for Equinor in North Sea as two gas and condensate discoveries spring up appeared first on Offshore Energy.

TGS scores first OBN gig for 2026 in European waters

Norwegian energy data and intelligence company TGS has opened the contracting season in Europe for next year with an ocean bottom node (OBN) survey deal. The post TGS scores first OBN gig for 2026 in European waters appeared first on Offshore Energy.

TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility. The post TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays appeared first on Offshore Energy.

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs). The post EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure appeared first on Offshore Energy.

Europe to channel ETS revenues into clean tech | Europe

The European Commission is to channel €5.2bn in revenues from the Emissions Trading Scheme into clean transition technologies under the Innovation Fund. Revenues will be directed into the Net Zero Technologies call (€2.9bn), the third auction for the European Hydrogen Bank (€1.3bn), and Industrial Decarbonisation Bank (€1bn). The Net Zero Technologies call supports decarbonisation projects that have a significant potential to reduce greenhouse gas emissions and focuses on the manufacturing of components for renewable energy, including hydrogen production and energy storage. The third auction under the European Hydrogen Bank is designed to provide support for the production of renewable fuels of non-biological origin (RFNBO) hydrogen or electrolytic low-carbon hydrogen across three topics; RFNBO and low-carbon hydrogen, RFNBO hydrogen only and a new topic for producers of hydrogen with maritime or aviation off takers. … to continue reading this article… Read More »Europe to channel ETS revenues into clean tech | Europe

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden. The post Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain appeared first on Offshore Energy.