Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a […] The post Shell buys offshore wind power for new electrolyzer plant in Germany appeared first on Offshore Energy.
News that the $216m sale of Scotland energy giant Wood to Dubai-based Sidara has been approved by shareholders serves as a key moment not just for both companies, but for the broader industry to take stock. The company’s fluctuating fortunes should serve as a sharp warning on the transition for all traditional businesses – which may resound that bit louder at a time when COP30 is underway in Brazil. Consider 12 years ago, when fossil fuels reigned supreme, Wood had a market valuation of $5bn and employed more than 50,000 globally. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this… Read More »The learnings from the Wood sale to Sidara | Finance
UK-headquartered energy giant BP has tasked SLB OneSubsea, a joint venture between SLB (formerly Schlumberger), Aker Solutions, and Subsea7, with a subsea boosting mission for its deepwater greenfield development in the Gulf of America (U.S. Gulf of Mexico). The post BP books SLB OneSubsea for work on its Gulf of America oil project appeared first on Offshore Energy.
Shelf Drilling, an offshore drilling player, has received a green light from Aramco, a Saudi Arabian drilling giant, which will enable one of its rigs to return to its drilling assignment in the Middle East after more than a year-long suspension. The post Shelf Drilling rig going back to work for Aramco as suspension ends appeared first on Offshore Energy.
Transocean, an offshore drilling giant, has lined up more work off the coasts of Brazil, Norway, and Romania for one of its drillships and two semi-submersible rigs. The post Transocean rig trio staying longer in South America and Europe appeared first on Offshore Energy.
NKT has completed a turnkey repair of one of the 220 kV high-voltage AC […] The post NKT completes Beatrice export cable repair, 588 MW offshore wind farm returns to full capacity appeared first on Offshore Energy.
Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstanding cash calls over the past few months. The post Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice appeared first on Offshore Energy.
Singapore-based shipbuilder Strategic Marine has handed over a pair of low-emission catamaran ferries to […] The post Bermuda receives environmentally friendly ferry duo from Strategic Marine appeared first on Offshore Energy.
German chemical company BASF and U.S. energy major ExxonMobil have signed a joint development agreement to co-develop methane pyrolysis technology for low-emission hydrogen. The post BASF and ExxonMobil to advance methane pyrolysis technology for low-emission hydrogen appeared first on Offshore Energy.
US engineering and construction company Zachry Group has been awarded the front-end engineering and design (FEED) contract for the $3.24bn Lake Charles Methanol II in Louisiana. Lake Charles Methanol (LCM), a Houston-based methanol producer, announced plans for the plant in February 2024 and is targeting a final investment decision (FID) in the first half of 2026. If plans go ahead, Lake Charles Methanol II will convert natural gas and renewable gas into hydrogen while capturing carbon dioxide to produce around 3.6 million tonnes of low-carbon methanol a year. Additionally, the plant will capture around one million tonnes of carbon dioxide a year. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register… Read More »Zachry Group wins FEED contract for Lake Charles Methanol II project | Methanol & e-fuels