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As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a major project status. The post Australia ups decarbonization ante: First offshore CCS undertaking gets major project status appeared first on Offshore Energy.

Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has signed a five-year contract with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign. The post PTTEP books Energy Drilling’s rig for offshore campaign appeared first on Offshore Energy.

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China […] The post Chinese utility company completes purchase of stake in Greek TSO’s subsidiary appeared first on Offshore Energy.

India’s Ministry of Ports, Shipping & Waterways (MoPSW) has officially inaugurated the Sagarmala Finance […] The post India establishes dedicated maritime finance corporation to boost innovation appeared first on Offshore Energy.

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (e-SAF). The post EU rolls out hydrogen mechanism to support market uptake appeared first on Offshore Energy.

P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets. The post DP World unit takes controlling stake in NovaAlgoma Cement Carriers appeared first on Offshore Energy.

Floatel International, a Norwegian offshore accommodation provider, has won a new contract for a nine-year-old semi-submersible accommodation vessel off the coast of Australia. The post Floatel’s 2016-built vessel finds another job in Australian waters appeared first on Offshore Energy.

Venture Global, a U.S. producer of liquefied natural gas (LNG), has signed a multi-year sales and purchase agreement (SPA) with Petronas LNG, a subsidiary of the Malaysian state-owned oil and gas company, Petronas. The post Petronas commits to long-term LNG offtake from Venture Global’s future plant appeared first on Offshore Energy.

Swedish-Swiss technology company ABB has inked a fifteen-year service agreement with the Florida-headquartered cruise […] The post ABB, Royal Caribbean enter long-term service pact to ‘boost’ vessel efficiency appeared first on Offshore Energy.

According to representatives from the Chilean research team, scale model testing of the Lafquenewen […] The post Chilean researchers’ wave energy converter put to test at FloWave facility appeared first on Offshore Energy.