SOHAR Port and Freezone has signed a memorandum of understanding (MoU) with Swiss company HYNAT to develop a natural hydrogen value chain in Oman. The post SOHAR Port and HYNAT to develop natural hydrogen value chain in Oman appeared first on Offshore Energy.
National efforts to decarbonize the maritime transport industry have intensified in Egypt, inching closer […] The post Egypt edges closer to national maritime decarbonization plan appeared first on Offshore Energy.
Air Liquide expects to record the same top line momentum for the rest of this year as a result of improving market sentiment and structural changes, according to CEO Francois Jackow. Speaking on a webinar following the release of positive first half results, he said, “We expect to see the same momentum in terms of project development, with a strong portfolio in electronics and the energy transition. We are extremely focused on the execution … and making significant progress. We were a very decentralised operation and people could pick and choose what they wanted to do – we are much more streamlined and clear on what are the expectations. We will continue to really focus on what we can control, and leverage the transformation initiative to continue to deliver higher profitability.” Internal changes have seen… Read More »Air Liquide confident of maintaining momentum in second half of 2025 | Finance
U.S. oilfield services company Weatherford International has won a contract to deliver drilling services for a project offshore Mexico operated by the Mexican subsidiary of Australia’s oil and gas giant Woodside Energy. The post Weatherford scores multi-well gig at Mexico’s first deepwater oil development appeared first on Offshore Energy.
Allseas and Boskalis have secured a €1.2 billion contract through their 50:50 consortium with […] The post Allseas-Boskalis team wins €1.2B Taiwan offshore pipeline deal appeared first on Offshore Energy.
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has brought online a gas development project off the coast of China. The post China’s gas arsenal grows with another offshore project in production mode appeared first on Offshore Energy.
UK-based syntactic materials company Base Materials has become the first manufacturer of syntactic foam […] The post UK firm gets full DNV type approval across entire subsea buoyancy material range appeared first on Offshore Energy.
South Korean company Doosan Fuel Cell has begun mass production of fuel cell stacks utilizing the solid oxide technology of UK company Ceres. The post Doosan starts producing fuel cell systems using Ceres’ solid oxide technology appeared first on Offshore Energy.
Global energy technology company Baker Hughes is preparing a $13.6bn all-cash offer to buy US cryogenic equipment company Chart Industries, according to a Financial Times report. The bid is lower than the $19bn proposed merger of equals between Chart Industries and Flowserve, announced in June, but would value Chart’s equity at $210 a share, a 22% premium to its market capitalisation, the report states. The report claims the deal will be announced “in the coming days”. It also said the Flowserve deal “had been terminated”. Shares in Chart rose 16.5% to $200 in after-hours trading on Monday. A deal would provide Baker Hughes with stronger links in growth sectors such as liquefied natural gas, nuclear energy and data centres – where year-to-date, its contract awards have topped $650m. Its adjusted net income for the second… Read More »Baker Hughes to make $13.6bn ‘counter bid’ for Chart Industries, claims report
China’s Nantong CIMC Sinopacific Offshore & Engineering (SOE) has started constructing the next 20,000 cubic meter (cbm) LNG bunkering vessel for UK-based midstream LNG & BioLNG company Avenir LNG. The post Chinese shipyard starts building next Avenir LNG bunkering vessel appeared first on Offshore Energy.