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.
Brazilian energy player Brava Energia has registered an increase in output from its assets offshore Brazil. The post Brazilian player’s offshore output grows, setting new production benchmarks appeared first on Offshore Energy.
China Petroleum & Chemical Corporation (Sinopec), together with Shandong Province and Qingdao Municipality, has […] The post Sinopec launches first floating offshore solar plant in China’s seawater zone appeared first on Offshore Energy.
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.
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
Germany’s government has decided to support climate-neutral shipping and ports with an additional sum of €400 million. The post Germany to spend €400M more to future-proof shipping, ports sectors appeared first on Offshore Energy.
Swedish supplier of roll-on/roll-off (RoRo) vessels and services, Stena RoRo, has completed the reconstruction of Stena Line’s 2002-built vessel to increase its capacity and enhance efficiency for reduced CO2 emissions. The post Stena Line: 2002-built Stena Foreteller fit for future after ‘major’ conversion appeared first on Offshore Energy.
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.