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25-year PSC chapter paving the way for gas development offshore Vietnam

Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia. The post 25-year PSC chapter paving the way for gas development offshore Vietnam appeared first on Offshore Energy.

Helsinki, Lübeck-Travemünde ports get €22M EU boost

The European Commission has granted a total of €22 million in co-funding for the Hansalink 3 project between the Finnish Port of Helsinki and the German port of Lübeck-Travemünde. The post Helsinki, Lübeck-Travemünde ports get €22M EU boost appeared first on Offshore Energy.

Borr Drilling sets the stage for liquidity boost and CEO succession

Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan. The post Borr Drilling sets the stage for liquidity boost and CEO succession appeared first on Offshore Energy.

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector. The post WSS to accelerate electrification as newest member of Maritime Battery Forum appeared first on Offshore Energy.

Why a PFAS ban is such a risk to the industrial gases business | Air Gases

The looming threat of a restriction on the use of Per-and polyfluoroalkyl substances (PFAS) – or so-called ‘forever chemicals’ – is a source of contention across industry with uncertainty over the effects on products, processes and balance sheets. Although often overlooked, this is also a growing source of concern for the industrial gas and equipment industry. In the view of the latest GWGI RiskWatch report published earlier this week, the subject of PFAS regulation and a scenario where an outright ban (with exemptions) exists would carry a considerable risk to the industrial gas and equipment industry. The report focuses on medical oxygen delivery, wider compressed gas equipment, and the use of PFAS in electrolysers and fuel cells as particular pain points. What’s going on with PFAS? PFAS is a family of more than 10,000 chemicals… Read More »Why a PFAS ban is such a risk to the industrial gases business | Air Gases