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Repsol backs Stargate Hydrogen’s global electrolyzer scale-up

Stargate Hydrogen has entered into an alliance with Repsol through a transaction in which Repsol’s corporate venture arm acquired a minority stake in Stargate to support its international growth, manufacturing scale-up, and technology development. The post Repsol backs Stargate Hydrogen’s global electrolyzer scale-up appeared first on Offshore Energy.

First oil & gas flows from US Gulf deepwater project

Texas-based exploration and production player Beacon Offshore Energy has begun oil and natural gas production from a deepwater project connected to a floating production system (FPS) facility in the Gulf of America, formerly the U.S. Gulf of Mexico. The post First oil & gas flows from US Gulf deepwater project appeared first on Offshore Energy.

Climeworks rolls out DAC pilot project in Saudi Arabia | CCS

Swiss direct air capture specialist Climeworks has launched a live demonstration of its DAC testing unit at the KAPSARC site in Riyadh, Saudi Arabia. The project, sponsored by the Saudi Ministry of Energy and think tank KAPSARC, aims to showcase the technology’s ability to capture carbon dioxide from the atmosphere under hot and arid conditions. This marks a departure from Climeworks’ flagship project Orca and its follow-up Mammoth, both located in Iceland. It also fits with Saudi Arabia’s ‘Vision 2030’, which encompasses a range of initiatives aimed at decarbonising the country’s industry. This includes the Saudi Green Initiative, which has set a goal to reduce carbon emissions by 278 million tonnes annually by 2030, and a plan to invest $187bn in renewable energy projects to advance its pursuit of reaching net-zero by 2060. … to… Read More »Climeworks rolls out DAC pilot project in Saudi Arabia | CCS

North Sea swap deal expands Aker BP’s oil & gas portfolio

Aker BP has made arrangements with JAPEX Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to trade partial interests in two fields for the Japanese player’s Northern North Sea assets. The post North Sea swap deal expands Aker BP’s oil & gas portfolio appeared first on Offshore Energy.