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Namibia green ammonia project secures $10m loan

The African Development Bank (AfDB) has approved a $10m loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support the development of a green ammonia project. The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), will support front-end engineering design studies for solar and wind generation, battery energy storage systems, and electrolyser capacity and desalination infrastructure, thereby de-risking the project and attracting the financing required for its realisation. The project aims to achieve final investment decision in the first half of 2026. SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. It offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects, and improve the risk-return profile of individual investments.… Read More »Namibia green ammonia project secures $10m loan

Fresh jack-up rig assignment comes Seatrium’s way

Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has won a job with International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for another jack-up rig bound to work in the Middle East. The post Fresh jack-up rig assignment comes Seatrium’s way appeared first on Offshore Energy.

15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil

A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made. The post 15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil appeared first on Offshore Energy.

Unleashing more gas at the heart of Mubadala’s partnership with Indonesian player

UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has pooled resources with PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, to supply gas from its gas fields in the Andaman Sea. The post Unleashing more gas at the heart of Mubadala’s partnership with Indonesian player appeared first on Offshore Energy.

Bourbon scores multi-year vessel gig with ExxonMobil in Guyana

ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered oil and gas major ExxonMobil, has hired French maritime services player Bourbon on a long-term assignment off the coast of Guyana. The post Bourbon scores multi-year vessel gig with ExxonMobil in Guyana appeared first on Offshore Energy.

Bechtel taps EnerMech for pre-commissioning gig on Woodside’s LNG project

Aberdeen-headquartered integrated solutions specialist EnerMech has secured a new assignment with Bechtel, an American engineering, procurement, construction, and project management player, for work on the second train of a liquefied natural gas (LNG) project off the coast of Australia. The post Bechtel taps EnerMech for pre-commissioning gig on Woodside’s LNG project appeared first on Offshore Energy.