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North Sea operator raising €450M to fund boost in UK gas field and growth opportunities

Ithaca Energy, a North Sea oil and gas operator and producer, has disclosed pricing of its senior notes offering and the extension of its reserves based lending (RBL) facility, which is expected to fuel the firm’s acquisition of an additional stake in a gas field in UK waters and optimize financial flexibility for further expansion and growth. The post North Sea operator raising €450M to fund boost in UK gas field and growth opportunities appeared first on Offshore Energy.

Amogy supplies catalysts for ammonia-to-hydrogen use | Ammonia

US-headquartered ammonia-to-power specialist Amogy will supply its ammonia cracking catalyst technology to KBR as part of an agreement which enables the engineering firm to turn ammonia back into hydrogen for use in a range of offshore and industrial applications. Texas-based KBR will benefit from Amogy’s catalyst portfolio, which includes both precious–metal–based and base–metal–based materials. These catalysts increase hydrogen production rates at lower operating temperatures, according to Amogy. “By combining Amogy’s catalyst expertise with KBR’s … technology platforms, we can unlock new opportunities for clean, scalable energy,” said CEO Seonghoon Woo. Ammonia is already being explored as an attractive alternative to fossil fuels for industries such as shipping. However, it is also of interest as a hydrogen storage and transport medium.  … to continue reading this article and more, please login, register for free, or consider… Read More »Amogy supplies catalysts for ammonia-to-hydrogen use | Ammonia

Amogy and KBR join forces on ammonia-to-hydrogen solutions

U.S.-based provider of ammonia-to-power solutions Amogy and compatriot science, technology, and engineering company KBR have signed a memorandum of understanding (MoU) to advance ammonia-to-hydrogen solutions. The post Amogy and KBR join forces on ammonia-to-hydrogen solutions appeared first on Offshore Energy.

Gas chance should grow as Microsoft eyes new US data centres | Technology Gas News

Microsoft is set to announce new data centre investments in the US later this week, according to CEO Satya Nadella. He made the comments while promoting the software giant’s $30bn investment in UK AI and cloud infrastructure over the next four years. In a week in which technology investment has soared, with Google opening a new UK data centre as part of a £5bn investment, the race to develop AI has once again shone the light on energy supply and grid sustainability, and the role that industrial gas can play in delivering computing power and in decarbonisation. Electricity demand from data centres worldwide is set to more than double by 2030 to around 945 terawatt-hours, according to the International Energy Agency. The new investment coincides with the visit of President Trump to the UK and… Read More »Gas chance should grow as Microsoft eyes new US data centres | Technology Gas News

K Line’s Seagate orders electric tugboat at Kanagawa Dockyard

Seagate Corporation, a subsidiary of Japanese shipping major Kawasaki Kisen Kaisha (K Line), has concluded an agreement with compatriot shipbuilder Kanagawa Dockyard for the construction of an electric tugboat powered by a large-capacity lithium-ion battery. The post K Line’s Seagate orders electric tugboat at Kanagawa Dockyard appeared first on Offshore Energy.

Puerto Rico secures gas supply through multi-year LNG deal with US firm

U.S. energy infrastructure player New Fortress Energy (NFE) has ironed out the terms of a long-term gas supply contract with the government of Puerto Rico, which will enable it to provide liquefied natural gas (LNG) to the Caribbean nation. The post Puerto Rico secures gas supply through multi-year LNG deal with US firm appeared first on Offshore Energy.